Online Loans Through Monzi’s Quick And Easy Lender-Finder

Online loans are a super convenient and fast way to access the finance you need. Monzi makes it even easier by putting you in touch with a lender offering personal loans in no time. Do you need a personal loan between $300 and $10,000? Monzi makes finding a lender easy.

Woman standing by pink wall taking photo of online loans

What is an online loan?

Online loans can simply refer to cash loans that are borrowed from lenders who operate online. While many online lenders share some similarities, they are not all the same. In particular, they may vary in repayment terms and fees and charges. Looking for an online loan, therefore, can feel confusing and at times even overwhelming.

This is where Monzi comes in. In short, when you use Monzi’s lender-finder service, we’ll scan through hundreds of different loan products to find you a lender who fits your individual circumstances. The best part? We might even be able to find you a quality lender offering personal loans within minutes. This, however, depends on when you apply.

So, what makes online loans different?

Many borrowers find loans available online to be a much more convenient alternative to traditional lenders like banks. Indeed, there are a few key features of online loans that make them a great option for a lot of consumers:

  • The application process for an online loan is typically much faster than banks.
  • You will generally know if your application has been approved or denied much sooner than a bank.
  • You could receive your online loan by the next business day.
  • You’re able to apply for online loans from any computer or smart device.
  • The eligibility criteria for a loan available online is often less stringent than banks.
  • If you have poor credit, you may be more likely to be approved for an online loan than a bank loan.

What are personal loans?

Personal loans are loans that can help you cover all manner of personal needs or unexpected expenses. Personal loans are usually much smaller than a mortgage, and therefore have shorter repayment terms.

The repayment term on personal loans online will depend on how much you are looking to borrow. For example, Monzi works with lenders who offer small loans of up to $2,000, that have repayment terms of 12 months.

Alternatively, Monzi could find you a lender offering a larger loan of up to $10,000, where the repayment term could be anywhere from 13 to 24 months.

Actual repayment terms, however, may vary between lenders.

You can get an idea of what your repayments may look like by using our loan slider at the top of this page. Keep in mind, however, that this is a rough estimate, and repayments may vary from lender to lender.

So, if you’re looking for a little financial help to cover a car repair, to help pay for a rental bond, travel expenses or make your dream holiday come true, consider personal loans online. You could even use your loan to pay for your car’s registration.

What’s the difference between personal loans and payday loans online?

Payday loans and personal loans may seem superficially very similar. There are, however, a few key differences between the two.

Payday loans, also known as cash advances, often have much shorter repayment terms than personal loans, sometimes as few as four weeks. Often, this translates into higher regular repayments. Additionally, if you do not fully repay your payday loan within this short period of time, you may incur additional fees that could quickly snowball into serious debt.

Personal loans, on the other hand, have much longer repayments terms, often several months. Therefore, your regular repayments will be smaller than a payday loan. Many borrowers feel that the repayments on a personal loan are much easier to manage.

Monzi works with a network of online lenders offering personal loans. Furthermore, these lenders offer personal loans ranging between $300 and $10,000. In short, personal loans may be a great alternative to payday loans.

What is an instant loan online?

You may have, already, seen many online lenders offering things like online loans instant approval Australia, or instant cash loans online.

Instant loans online may refer to your loan being processed so quickly it feels almost instant. In other words, from initial application to having the funds deposited in your account, the whole process will take no time at all.

Fast loans available online

Monzi understands that when you’re looking for fast finance online, you mean it.

With this in mind, we’ve designed our process to be as simple and as streamlined as possible. In other words, we cut through all the mumbo jumbo and just ask for the essential information.

Then, we’ll scan through hundreds of different loan products at lightning speed. If we’re successful, your new lender will be in contact. Once loan contracts are approved, lenders often transfer cash loans fast.

Access to funds is, ultimately, dependent on inter-bank transfer times.

Can Monzi find lenders offering no credit check loans online instant approval?

While the sound of no credit check loans online instant approval may, initially, sound great, they may often be misleading.

For example, nothing can be truly instant. There is always some sort of processing time on online loans.

Secondly, conducting credit checks are part of being a responsible lender. Now, as Monzi is only the lender-finder, we cannot guarantee whether or not your lender will conduct a credit check on your application. However, it may be likely that they will. In short, this is because, at Monzi, we associate ourselves with responsible and reputable lenders.

So, while we cannot promise to find you loans online instant approval with no credit check, this need not deter you. Even if you have poor credit, Monzi’s lender-partners prefer to look at your relationship with money as a whole. In short, they understand that the mistakes you may have made in the past don’t define who you are today.

What about online loans instant approval unemployed?

In short, yes and no. Monzi is absolutely able to find you a lender that may be able to offer you a personal loan for Centrelink customers. So, if you have been receiving a regular benefit from Centrelink for at least three months, a lender may be able to count this as income.

Monzi, however, cannot find you a lender that will automatically approve your application. This is because each lender is different, and therefore processing times may vary between lenders.

So, if you are unemployed, and are receiving regular Centrelink benefits, consider using Monzi’s lender-finder service. We could put you in contact with a lender that may be able to offer personal loans ranging from $300 to $10,000.

Why choose Monzi?

The golden question; if you’re looking for online loans, why should you use Monzi’s lender-finder service? Well, the answer is really simple. In short, we make your life easier by pairing you with a quality lender offering personal loans suited to your individual circumstances.

Am I eligible to apply?

To be eligible to use Monzi’s lender-finder service, you’ll need to:

  • Be 18 years or older.
  • Hold an Australian Citizenship or Permanent Residency.
  • Have a valid mobile number and email address.
  • Have been receiving a regular income into a personal bank account for the last 3 months.

How do I apply for fast loans online?

If you need to access loans fast, you can speed the process up with Monzi. That’s because we’ve designed our whole lender-finder service to be as streamlined and as quick as possible.

Here’s how to use Monzi’s lender-finder service:

Step one – apply

Scroll up to the loan slider to get started. Next, select the amount you’re looking to borrow and your ideal repayment terms. Once you have done this, click apply now. You’ll now be taken to our online application form. The best part? It’s usually 100% paperwork free.

Step two – kick back

Once you have completed and submitted your online form, we’ll get to work scanning through hundreds of different loan products to find you a lender that’s suited to your circumstances. Our system is automated so, depending on when you apply, this could only take a few minutes. Finally, if we’re successful, we’ll let you know via text and email.

Step three – meet your new lender

Your new lender will be in contact shortly. From here, our job is done. You will now deal with your lender directly.

The best part? Monzi’s service is completely free. Additionally, depending on your lender, you may even have your loan transferred the same day. Keep in mind, however, that access to funds is dependent on inter-bank transfer times.

I am receiving Centrelink, can Monzi still find me a lender?

Yes! Monzi could pair you with a lender who may be able to offer you a personal loan, even if you are receiving Centrelink. After all, just because you receive government benefits, does not mean you should be barred from accessing fast, quality credit.

What kind of loans can I apply for?

Monzi is a lender-finder that can pair you with a lender who may offer three broad categories of personal loans:

Small personal loans: These are loans between $300 and $2,000, and have a repayment term of 12 months. Additionally, small personal loans are unsecured, which means you will not need to attach an asset as collateral.

Medium personal loans: Loans valued between $2,100 and $4,600 are medium personal loans. Keep in mind, these loans have repayment terms that range between 13 and 24 months. These loans are secured, therefore you will be required to attach an asset as collateral.

Large personal loans: These are loans that range from $5,000 to $10,000 and just like medium personal loans, have a repayment term ranging between 13 and 24 months. Again, similar to medium personal loans, large personal loans will require security.

Is it safe to get loans online?

Obviously, Monzi cannot speak for every online lender. We can, however, assure you that any lender Monzi pairs you with will be 100% legitimate and safe.

Furthermore, Monzi has teamed up with internet-security giants McAfee and Comodo, to ensure your information is always kept safe and secure. Additionally, no Monzi employee, nor the lenders we work with, will ever be able to access your personal banking details.

You are able to find out about how we use your information via our privacy policy.

Responsible lending

We’re proud of the fact we only associate ourselves with responsible and reputable lenders.

Therefore, they all take their responsible lending obligations seriously.

In short, these obligations aim to prevent lenders from approving loans that would be unsuitable for the consumer.

All credit licensees must comply with the responsible lending obligations laid out in Chapter 3 of the National Consumer Credit Protection Act 2009.

As we mentioned, the objective of these obligations is to ensure that consumers only enter into credit contracts that are not unsuitable.

To do this, credit providers are expected to take the following three steps:

  1. Make reasonable inquiries about the consumer’s financial situation, as well as their requirements and objectives.
  2. Take reasonable steps to verify the consumer’s financial situation.
  3. Make an assessment about whether the credit contract is not unsuitable for the consumer. This assessment will be based on the information gathered in the first two steps.

Consumers are able to access a full copy of the regulatory guide via the Australian Securities & Investments Commission.

How can Monzi help me if I have bad credit?

Monzi has already helped thousands of Aussies with bad credit find the lender they’re looking for. After all, Monzi and the lenders we work with understand your credit score doesn’t always reflect you or your relationship with money.

If you have poor credit, you may have been knocked back by other lenders already. If this is the case, you may be wondering how the lender Monzi pairs you with will be any different. Well, let us tell you.

When you apply with Monzi, we ask for your internet banking credentials. We do this so we are able to obtain a read-only copy of your bank statements, and in turn, pass this on to your potential lender. Therefore, lenders are able to get a better understanding of your relationship with money.

Additionally, if lenders can see you have been earning a consistent income, and have been keeping up with whatever other repayments you may have, you may still be considered for approval.

So, use Monzi’s lender-finder service to find lenders offering bad credit personal loans of up to $10,000. After all, it could save you serious hassle and stress.

Online loans Australia

People come to Monzi for all sorts of reasons. In short, there are a huge variety of only search terms that have led borrowers to Monzi. Monzi has, in turn, led these borrowers to a lender who has offered them a personal loan. Below are some examples of these popular search terms, and some examples of the loans they have been approved for:

Online LoansAmount $ (AUD)Approved
Cash Loans Online800
Fast Loans Online1,100
Online Loans For Centrelink Customers2,300
Online Bad Credit Loans5,000
Online Quick Loans Australia7,500

The above table is for demonstrative purposes only. The figures presented do not, in any way, reflect the terms of your future loan, nor the amount you may be approved for.

Apply today

Scroll up to the top of the page to get started with Monzi’s lender-finder service.

How customers rate Monzi

Online Loans Through Monzi's Quick And Easy Lender-Finder Overall rating: 4.9 out of 5 based on 10 reviews.

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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.

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.

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.

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.