No Credit Check Loans $300 To $10,000? Learn More With Monzi

No credit check loans may initially seem like a good idea if you have poor credit. These lenders, however, may not be your only option. Monzi is a lender-finder that may, instead, be able to find you lenders offering bad credit loans of up to $10,000. We cannot guarantee you will be offered a no credit check loan.

Disclaimer: Monzi cannot guarantee whether or not the lender you are paired with will conduct a credit check. A credit check may or may not be part of a lender’s assessment policy. Monzi has no control over the assessment of applications.

Is the information in your credit file looking a little subpar? Consider Monzi’s lender-finder service.

What is a no credit check loan?

As the name suggests, borrowers can apply for these small loans and not have their credit history considered. More specifically:

  • Lenders will not access your credit report.
  • The details of the loan will still be listed on your credit file.
  • The last 90 days of your bank statements will be checked.

As a result, these short term loans are popular amongst borrowers with lacklustre credit scores. In short, consumers may feel their credit record is so below average, they will not be approved for a loan with a normal credit check.

There are, however, more easy loans options available to you if you have a below-average credit score. Namely, you could still be considered for approval for a bad credit loan. Finally, keep in mind that Monzi can not guarantee you’ll be offered a loan without a credit check.

How no credit check loans work

Consumers can expect the following if they apply with a no credit check lender.

  • The lender will not request a copy of your credit report from a credit bureau. Obviously, this is at the core of a no credit check loan; credit providers will not request access to check your credit history.
  • Loan details will still be recorded on your credit file. While the lender will not check your credit report, it will still let the credit bureau know you applied. In addition, if you are approved, the loan details will still be listed on your credit file
  • Your banking history will be checked. The lender will use the last 3 months of your bank statements to help them decide whether or not you can afford the loan. Through this, they can quickly confirm your financial situation.
  • You need to earn an regular income. Borrowers need to prove they will be able to afford the repayments by providing evidence of income. This could be through employment or receiving regular Centrelink benefits.

Depending on the lender, you may be able to access these loans the same day you apply.

Finally, consider our article if you are applying for loans while receiving Centrelink.

Are there fast cash loans with no credit check?

There’s no cost for applying, and consumers are under no obligation to accept the micro loan offered to them. Moreover, it may just take 60 minutes for us to potentially match your application with a lender during business hours. For cash loans of $300 to $10,000, however, lenders may perform a credit check.

Overall, Monzi cannot guarantee you will be offered a loan without a credit check. Despite this, lenders will still aim to consider your current relationship with money as well.

Are no credit check loans safe?

There is a myriad of different credit options available to consumers. In particular, you could potentially be offered one in the form of a personal loan, or payday loans. These loans are offered by both safe, reputable lenders, as well as some other disreputable lenders.

By using Monzi, however, you don’t have to worry about sifting through the different credit provider options; we’ve done it for you. We only find you legitimate lenders that abide by responsible lending practices.

Keep in mind, it is possible lenders may conduct a credit check. Despite this, they can also look at the complete picture. So, even if you do possess a substandard credit record, Monzi may be able to find you a lender that can potentially look past it.

I’m worried about my credit history! Which lenders will not check my credit?

If you are looking to avoid a credit assessment, you are possibly concerned your credit is so poor, no other lenders will consider your application. As we mentioned above, however, Monzi cannot guarantee you’ll be offered a no credit check loan. Instead, we may be able to pair you with a lender potentially offering personal loans for people with poor credit.

However, we will include a list below of loan products that may not require a credit assessment. However, this is just a guide, and individual lenders can all vary.

Instant cash loans Australia

Initially, an instant cash loan may sound like the quintessential loan option for a borrower needing credit quickly. Indeed, there are certain lenders potentially able to offer loans processed instantly!

Monzi works with a wide network of lenders that may be able to offer a quick outcome on cash loans! Therefore, if you have poor credit and need quick and convenient cash for an emergency, consider using Monzi’s lender-finder service. We can’t guarantee consumers will be offered an instant loan with no credit assessment. However, if we do pair you with a lender, they will inquire into more.

Payday no credit check loans

Certain lenders may be able to offer cash loans with no credit check. If you have poor credit, these lenders may be a tempting offer. However, payday lenders in Australia not always be your best option.

You could, alternatively, consider applying for a bad credit personal loan. Admittedly, while your credit report may still be assessed, it is not the only thing lenders will consider.

Consider Monzi

You could, for example, consider employing Monzi’s lender-finder service. The lenders we find are legitimate and licensed, and may conduct a credit check. However, these lenders are often able to consider more than just your credit score. So, if you have been searching any of the following phrases, consider using Monzi:

No Credit Check LoansBad credit loans guaranteed Australia
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Are there any guaranteed loans for bad credit?

Negative. In short, guaranteed approval loan do not legally exist.

After all, lenders need to confirm a consumer’s suitability to receive an advance. In particular, lenders consider your income, employment status and bank statements to assess whether or not the loan product is suitable for your situation. As a result, consumers should steer clear of lenders offering guaranteed approval.

If you require an advance but are concerned your creditworthiness will stand between you and approval, you have the option of applying for a loan without a credit check. As opposed to your credit history, lenders offering these loans will base their assessment on your income, employment and bank statements.

Guaranteed payday loans Australia

While there is no guaranteed approval on any personal loan application, we endeavour to associate ourselves with lenders offering a high approval rate. There’s no cost for applying, and no obligation, financial or otherwise, to accept the lender or loan product offered to you.

It may only take us minutes to compile your application together, and potentially provide an outcome. This is contingent, however, on you applying during regular business hours.

For bad credit cash loans, lenders may still perform a credit check but will also take your current finances into consideration. Lodge an application today and we could possibly pair you with a potential lender on the same day.

No credit check loans being applied for on black laptop

The Monzi alternative to no credit check loans

When you apply with Monzi Loans, we aim to find lenders that offer loans for people with bad credit. As a result, if you’re looking to avoid a credit check, why not consider online loans with Monzi as an alternative?

You could, furthermore, complete your application within minutes. Just submit an online application, and we’ll attempt to find you a lender that can help. Cut through the rigamarole and consider Monzi for easy loans for bad credit.

Where can you get a no credit check loan?

Generally, you are required to lodge an application with an online cash lender. You’ll need to go to the lender’s physical location or fill out their online application form. You may, additionally, be required to provide your bank statements or payslips, to prove your income. People predominantly opt for payday lenders because they can get fast and easy cash.

Payday lenders, however, may only be able to offer micro loans and potentially short repayment terms. Moreover, Monzi may not be able to find you payday loans without a credit check. Instead, we aim to find you responsible and reputable short term lenders. The lenders we find may still approve your application, despite the negative listings on your credit file.

While we can’t find you instant cash advance online no credit check lenders, we may still be able to help.

How can I get a loan with no credit check?

If you’re looking to find a lender that can offer you a loan without a credit check, consider applying with Monzi. These lenders may be a great option for getting your bad credit history back to normal.

In particular, these lenders will not consider your credit report but will also take into account your income, expenses and normal spending habits.

Monzi Loans is conscious of the pressures facing today’s consumers. That’s why we also aim to find lenders that consider more aspects of your application than just your credit score. We may not be able to guarantee no credit assessment, but we’ll certainly do our best to try and find you a lender that can potentially offer a cash advance.

Monzi’s network of trusted credit providers may be able to offer cash loans from $300 to $10,000! So, if you find yourself in need of fast loans, apply today with Monzi Loans.

What can I use my instant online loan for?

Are you considering whether or not to apply for an online personal loan? Are you, perhaps, concerned you do not have a legitimate reason for credit? The good news is you can use your online loan to cover essentially any personal expense.

As a matter of fact, you can use your instant loan to cover so much more than just emergency expenses; we’ll list a few examples below:

  • Special occasions. From Valentine’s Day to Birthdays, and everything in between, consumers can use their loan to purchase the perfect gift. Therefore, if you want to do something special for somebody important in your life, consider applying for an instant cash loan.
  • Events. Do not let your budget stand between you and your favourite musician. Secure your ticket ahead of time with a fast money loan.
  • Car repairs. Get back behind the wheel sooner with quick cash loans for car repairs.
  • Birthdays. Celebrate yours or a loved one’s birthday in style this year. Moreover, with flexible terms, you may be able to fit the repayments comfortably around your regular lifestyle.
  • Sales. Sometimes the bargain of the century finds you. Therefore, if you have run into a sale you can’t go past, get the cash in your account quickly.

Case study: John breaks down

John was driving to university when his automobile broke down. Being a student, John began to stress after realising the bill for the qualified mechanic would be $300.

In short, John didn’t have that kind of money readily accessible. In addition, John had several defaults listed on his credit report from previous years. As a result, John did was not optimistic about his chances of securing approval.

John’s acquaintance tells him about a lender-finder service he used recently. Therefore, he applies and is successfully matched with a lender. The lender subsequently approves John’s application and transfers him the cash he needs. Finally, John is able to get back behind the wheel within days.

Monzi Loans

Please note, we are not credit providers, but a lender-finding service. While we can’t guarantee you will be offered loans without a credit check, we’ll aim to find you a lender that may offer bad credit loans.

Our business model is completely online. As a result, our online application process is convenient and paperwork free. Just a quick application you can complete in minutes, and our automated system will take over!

Our lender-finder service is available for those times when your budget is stretched thin, and you require rapid access to cash. So, to get started either scroll up and have a look at our loan calculator or simply click the Apply Now button below.

How to get a loan without a credit check

You could apply with a lender offering payday loans. You may be able to find these lenders online. However, these lenders may have very inflexible repayment terms.

Consider applying with Monzi if you are apprehensive as to whether your bad credit will prevent you from securing approval. We work with lenders who may be willing to look past your credit history.

How can you borrow money if you have bad credit?

If you possess a substandard credit file, you could consider using a lender-finder like Monzi. We may be able to find you a lender willing to work with people with below-average credit. With many of the lenders we find, you could have the money in your account within 24 hours after approval.

How do I know if I have bad credit?

Your past history as a borrower can have a big impact on your ability to access cash. Specifically, having a poor credit record may limit the options available to you as a borrower.

Being knocked back by traditional lenders for credit may be an indication of having a bruised credit file. However, it is important you check your credit score yourself.

Consumers can access a free credit score from a number of online providers. You can find out more here.

What does my credit score mean?

Your credit score is calculated through an analysis of your credit file, condensing all your information into a number. Therefore, lenders use your credit score to quickly get an idea of your creditworthiness.

Creditworthiness is simply defined as your borrowing power, based on your past history of making repayments on time.

Depending on which agency you use, you will receive a credit score between zero and 1,200 or zero and 1,000. Lenders then break down this scale into five distinct credit bands:

Credit bandExperianEquifax
Excellent800 – 1,000833 – 1,200
Very good700 – 799726 – 832
Good625 – 699622 – 725
Average550 – 624510 – 621
Below average0 – 5490 – 509

Credit score bands are interpreted as the likelihood of an adverse event being recorded on your credit file within the next 12 months. For example, an excellent credit score is interpreted as being highly unlikely an adverse event will occur in the next 12 months. On the other hand, an average credit score means the consumer is likely to have an adverse event occur.

Adverse events include listings like defaults, court judgements, debt agreements or similar.

What causes bad credit?

Your credit score and credit file are simply reflections of your history as a borrower. Therefore, a poor credit score simply reflects poor borrowing habits. Specifically, a low credit score can be the result of:

  • Missed repayments.
  • Defaulted loans.
  • Debt agreements.
  • Bankruptcies.

How do I improve my credit score?

As we’ve established, your credit score is a snapshot of you as a borrower. As a result, consistently displaying good borrowing habits will improve your credit score over time.

More specifically, consistently displaying the following will help improve your creditworthiness:

  • Decreasing your credit card limits.
  • Consolidate multiple credit products, like personal loans and/or credit cards.
  • Reduce your applications for new credit.
  • Consistently make repayments on time.
  • Pay rent and other bills on time.
  • Aim to pay your credit card off in full each month.

Who is eligible to apply with Monzi?

Monzi Loans is a lender-finder ready to help Aussie consumers pair with quality online credit providers. Before you apply, take a look at our list of requirements to see if you’re eligible for our lender-finding service.

To apply you must:

  • Be at least 18 years old
  • Be an Australian citizen or permanent resident
  • Have a regular income flowing into a personal account for at least 3 months
  • Have an active mobile number and email address

So, before you apply make sure you meet our basic eligibility criteria. If you do not meet our eligibility requirements, unfortunately, you won’t be able to submit an application.

What to have with you when applying with Monzi

The Monzi application process is straightforward and streamlined. All you require are a few minutes of your time and a couple of personal details.

Before applying, make sure you have the following information up to date and accessible:

  • Personal contact details e.g. mobile number and email address
  • The reason for your loan
  • Internet banking details
  • MyGov info
  • Employment info

Keeping these details accessibly will spare you the time of having to look for them whilst completing your application. If you have any questions about the application process, just ask our friendly team at

No credit check loans alternatives through Monzi’s lender-finder service

Monzi may be able to find you an alternative lender offering bad credit emergency loans.

Just follow these three simple steps:

Step 1: You apply online

All applications take place online. Therefore, you will need an internet-capable device and a connection. Next, lodge an application from our website.

To apply, you can start by making a selection on our loan calculator. Firstly, select the loan product you are considering applying for. You can see how much you’ll repay in a weekly, fortnightly or monthly repayment schedule.

Just remember all costs are subject to individual lenders; the costs we display are just an example. Once, you are content with your proposed loan, just hit the Apply Now button and you’ll be taken to our application.

Click Submit once you have completed the application form.

Step 2: We get to work

After we receive your application, we’ll get to work on finding you a lender as quickly as possible! If you submit your application outside of business hours, our team will get to it by the next business day. Once you’ve submitted your application, just sit back and relax whilst we do all the legwork.

Step 3: Meet your lender

If you’re matched with a lender, they’ll initially assess your application. Subsequently, if they are able to make you an offer, they will be in touch.

Each lender we find has a different way of processing your loan. So, if you have any questions about your loan application, contact them!

Complete the above 3 steps and you are ready to launch. So, if you’re on the hunt for bad credit loans and a loan provider without the headache, we know where you may find one. Consider lodging an application through our website.

Can I get a small loan with bad credit through Monzi?

Please note, Monzi is not actually a lender, but rather a lender-finding service. Therefore, if a lender is able to make you an offer, they will be in contact.

Moreover, if you need a cash injection to cover a small cost, you may be able to apply for a small unsecured loan of $2,000 and under. Depending on the lender, you may be offered repayment terms of 12 months. Small loan repayment terms, however, may vary between lenders.

In addition, as micro loans are unsecured, they may be a great option for consumers without an asset they can use as security.

What are the possible costs?

As we are a lender-finder, we cannot guarantee what interest rate you will be charged on your loan. After all, lenders are all separate entities and may vary.

Furthermore, the loan product you take out will also affect the costs. For example, small amount loans work differently to large loans.

Small Personal Loans: unsecured loans from $300 to $2,000.

Medium Personal Loans: secured loans from $2,001 to $4,600, to be repaid over 13 to 24 months.

Large Personal Loans: secured loans from $5,000 to $10,000 to be repaid over 13 to 24 months.

Keep in mind, you may be required to pay an establishment fee as well as ongoing fees. This, however, dependent on the particular lender and loan product you apply for. In addition, If your repayments are late, your lender may charge you a dishonour fee.

How do repayments work?

Unfortunately, as we mentioned above, Monzi cannot guarantee what your repayments will involve. This is because each lender is a separate entity, and we cannot speak on their behalf.

Generally, however, your regular repayments may include the following:

  • The loan’s principal amount.
  • Interest.
  • Upfront fees (application or establishment fees).
  • Ongoing fees (annual or monthly fees).
  • Any additional charges you may incur (penalty or dishonour fees).

Please note, lenders may vary in what they charge for the above fees. As a result, make sure you are aware of all fees and charges associated with your loan before approving your contract.

Is it possible to get a personal loan with a credit score of 550?

Yes, it is definitely possible to be approved for a loan with a score of 550. Admittedly, Monzi cannot guarantee your application will be approved. After all, each lender within our network is a separate entity, and we cannot speak on their behalf. What we can say, however, is a credit score of 550 should not stand between you and approval.

Your application may be declined for a number of reasons. However, a credit score of 550 is unlikely to be the sole reason you were declined.

How can I get a quick money loan?

Needing urgent funds is never enjoyable. Moreover, you may have an emergency expense and a deadline breathing down your neck. Add a bad credit record in there and the whole situation may soon become stressful. In these situations, you may find yourself looking for a quick money loan.

Luckily, Monzi is on your side. Apply with us and we’ll do our best to pair you with a quick money lender in no time.

Applying shouldn’t take long at all. Once we have your application, we’ll get to work as soon as we can. Apply during normal hours and you may receive an outcome within 60 minutes.

If a lender does approve your application, access to funds may vary. Generally, however, lenders may be able to transfer cash loans from $300 to $10,000 the same day, or at the latest, the next business day.

What are bad credit payday loans?

If you are not eligible for traditional finance, you could consider applying with a bad credit payday lender. In short, these lenders may be able to offer small loans of $2,000 and under to consumers with negative listings on their credit file.

Monzi, however, will aim to match you with a lender offering personal loans. Personal loans are often available at larger amounts than payday lenders and may provide more flexibility for consumers.

Does Monzi conduct credit checks or call your employer?

No, as lender-finders we don’t conduct any kind of assessment. Credit and employment checks are the responsibility of the lender we may pair you with. We can, though, do what we do best and find lenders that can look at more than just your credit score. They can also look at your current relationship with money to assess your loan.

We also cannot guarantee whether or not the lender you’re paired with will contact your employer. We, however, work with lenders that are discreet and professional. Furthermore, lacklustre credit does not need to scare you away from using Monzi’s service. We care about our customers and we’ll do our best to find you a lender that can provide cash when you need it, poor credit and all.

Can Monzi find no credit check loans?

Technically, no, we cannot guarantee whether or not the lenders we find will perform a credit check. However, we’ll do our best to find you a lender that may be able to offer the loan you need. That’s why we can find bad credit loans, for those with a less-than-perfect credit score.

At Monzi Loans, we are conscious of how life can interfere with the best-laid plans. Moreover, we don’t think that a few past financial mishaps should prevent you from applying for the finance you need now. So, we find lenders that can look at more than just your credit score to assess your application.

If you’re desperately typing loans no credit check guaranteed Australia or cash loans no credit check into Google, then why not save yourself the work and apply with Monzi Loans. Our automated system may be able to connect you with a potential lender, so you don’t have to.

What about Centrelink customers and cash loans?

At Monzi Loans, we aim to find lenders that may be able to offer cash loans for customers on Centrelink. If you receive Centrelink and are looking for a personal loan, it may be difficult to get approval from a traditional lender.

That’s why at Monzi, we do our best to find lenders may be able to classify Centrelink as a regular income. Consumers will just need to show they’ve been receiving payments for the past 3 months. So, don’t let the fact that you’re receiving Centrelink deter you from applying for the cash you need. We want to help, so you’re welcome to apply and see if we can find you a lender that offers cash loans for people on government benefits.

Secured personal loans explained

Any loan over $2,100 is likely to be a secured loan. What is a secured loan exactly? Let us explain.

Secured loans are guaranteed against one of the borrower’s assets, like a car or boat. Moreover, if the borrower is unable to repay their loan, the lender can sell the asset to cover their losses. Lenders refer to this as repossession.

Because these loans are guaranteed by the borrower’s asset, they are less risky for lenders. After all, lenders are able to recoup some of the losses they incurred on the defaulted loan. As a result, lenders are often willing to offer larger amounts, as well as better rates and fees.

What happens if I default on a secured loan?

If you consistently fail to make repayments according to your loan contract, lenders may repossess and your asset to cover the money the lost.

Generally, this is the final resort for credit providers. Specifically, repossession may only begin once every other avenue has been exhausted.

There are, however, laws in this country that also protect the consumer in the event of a default. For example, credit providers can only legally begin the repossession process when:

  • The consumer is behind on their repayments.
  • Credit provider has provided the consumer with a default notice.
  • The consumer has failed to pay the overdue amount, reached a resolution, or requested to postpose repossession.

In addition, credit providers cannot take your goods without a court order if you owe less than $10,000 or under 25% of your loan, whichever is less.

Why use Monzi?

Matching with a potential lender through Monzi may be the easiest thing you do all week. Convenience, however, is not the only reasons customers keep returning to our personal loan lender-finder service. In short, there are a plethora of reasons why Monzi is the best lender-finder in the business.

We list some examples below:

Apply now in no time

If you’ve got a little too much week left for your budget, you can get started right now with Monzi’s lender-finder.

With a network of lenders potentially offering loans from $300 to $10,000, Monzi may be your new best friend when it comes to accessing quick cash.

Keep in mind, if you apply outside of our normal business hours, we might not be able to match you with a lender until the next business day.


Everybody hates unnecessary wait times or having to jump through a million hoops just to apply. Monzi, therefore, uses a smart automated system that can quickly and efficiently get to work.

Specifically, consumers provide only the necessary information when they apply. Next, once they’ve lodged their application, we’ll aim to get to work as quickly as possible.

Nobody likes waiting in suspense, so apply today and we’ll aim to get you an outcome ASAP!

Stress-less application

Forget queueing, faxing, phone calls or filling out paperwork; Monzi’s lender-finder may be able to match you with a lender without the hassle or stress.

In fact, consumers may be able to lodge an application in minutes and potentially paired with a lender in no time.

Repayments made easy

If you enter into a credit contract with a lender, then the next step is repayments! At Monzi Loans, we can find lenders that offer easy repayments. Once you’re approved for a loan, most lenders will set up a direct debit with your nominated bank account, so your repayments will be deducted automatically! No need to set up reminders, only to forget to send off your repayment.

Secured data

When you apply with Monzi Loans, you know we care about your privacy and data. As a result, we have partnered with tech-security giants McAfee and Comodo to ensure your privacy. All your information is kept secure, encrypted and private.

Customer support

We are an Aussie-run lender-finder that’s ready to find credit providers for Australian consumers in search of quick cash. Our business may be 100% online, but our knowledgable customer support team is on the other side of your screen! If you ever have any questions about our service or you’re having trouble applying, send us an email at

If you apply outside of business hours, our team will get to your application or enquiry by the next business day.

Responsible lenders

Any lender within our network if a fully-licensed credit provider that lends money responsibly. As a result, lenders will never offer you a loan product they feel you are unable to afford.

Transparency is key

Applying for loans does not have to feel like swimming with sharks. In short, your contract will include all the costs, charges and rates associated with your loan.

Ready to find a lender, minus the stress?

When you’re in need of cash, you can turn to Monzi to help find you the lender that can offer all kinds of personal loans. So, whether you’re looking for loans without a credit check, fast cash loans or cash loans for bad credit – we’ll do our best to find you the cash you need.

Financial advice

Monzi is not a registered financial adviser and cannot provide financial advice. Moreover, consider seeking professional financial advice to see how the information on this page relates to your personal situation.

In addition, consider visiting ASIC’s Moneysmart site. Moneysmart can give more information on how loans work and suggests other options available to you.

Use Moneysmart for more information about other options, like payday loans or debt consolidation loans. In addition, Moneysmart shows you how small differences between lenders can have an effect later on.

I can’t afford an upcoming repayment – what do I do?

Life is full of twists and turns; one moment your repayments are on track and the next, you find yourself short.

If you are sure you are unable to afford an upcoming repayment, get in contact with your credit provider as soon as possible. Generally, credit providers will be understanding of your situation. Moreover, aim to give your lender at least 24 hours notice before the payment is due.

How to file for hardship

Lenders should never offer you a credit contract they feel you are unable to afford. However, situations can change in the blink of an eye. Therefore, you may find yourself unable to afford your regular repayments.

The good news is you do not have to suffer in silence.

If, for example, you have lost your job, or have broken up with your partner, you may be eligible to apply for hardship. Here’s how the process works:

  1. Get in contact with your lender’s hardship department.
  2. Supply evidence (bank statements, medical certificate etc.).
  3. Lenders assess your claim.
  4. If approved, you may be offered a repayment holiday, adjusted repayment terms, or both.

If you feel like you are experiencing financial hardship, you can get in contact with a free financial counsellor by calling 1800 007 007. Open from 9:30 am to 4 pm, Monday to Friday, consumers can access free professional advice. Specifically, your financial counsellor can help you take into consideration the fees, charges and rates you may be charged.

Let’s be friends

If you’re ready to get started with Monzi’s lender-finder service, simply click the apply now button and you’ll find yourself at an application. Lodge an application through our website today! Unemployed and bad credit consumers are welcome to apply for payday loans alternatives online!

If you have any more questions about Monzi’s lender-finding service, don’t hesitate to contact our customer service team at

Factor In


Two credit cards
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You won't use a penny to apply for our lender-finding service, but here's some costs you could expect from a lender

Loan amount

$300 - $2,000


12 months


20% upfront establishment fee

+ 4% monthly fee


Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.

Under the current legislation, most small personal loan providers don’t charge an annual interest rate (you’ll know this as an APR) %. The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on loans between $300 and $2000 is 199.43%. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate

Loan amount

$2,001 - $4,600


13 months

24 months


48% annual percantage rate

67.41% comparison rate p.a.


Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.

The Interest Rate for Secured Medium Loans is 48%. The Typical Comparison Rate is 67.41% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.

Loan amount

$5,000 - $10,000


13 months

24 months


21.24% annual percantage rate

48% comparison rate p.a.


Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.

The Interest Rate for Secured Large Amount Loans is 48%. Maximum Comparison Rate is 48% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.