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.

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 cash 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. You may be eligible for these loans even if you have bad credit.

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?

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 may offer personal loans online instant approval no credit check ranging between $300 and $10,000. In short, personal loans may be a great alternative to payday loans.

What are instant cash loans online 24/7?

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 online loans no credit check 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 for 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.

Online cash loans 24/7: what expenses can I cover?

In short, cash loans online can cover almost any legitimate personal expense that you run into. All you need to do is provide the exact reason when you apply.

As a rule, always be truthful. Lying about your reason for applying can result in your application being rejected and may even limit your ability to access credit in the future.

In any case, common reasons for applying with Monzi include:

  • Car repairs and servicing
  • Household maintenance or renovations
  • Car loans
  • Travel or holiday loans
  • Debt consolidation
  • Rental bond
  • Replacement appliances or technology (e.g. washing machine or phone)

Secured and unsecured loans online: what’s the difference?

The difference lies in what’s known as security. With a secured loan, you must attach an asset as security as part of your loan. This asset could be your car, boat or caravan to name a few examples. In the event that you fail to make your loan repayments, the lender may take steps to repossess the asset in order to recover their losses.

With an unsecured loan, there is no such requirement.

In most cases, unsecured loans will be smaller than secured loans. Usually these loans account for amounts ranging from $300 to $2,000, whereas secured loans typically range from $2,100 to $10,000.

This is simply due to the risk. Lenders are usually willing to offer larger amounts for secured loans given that they have a means to recover their losses. With unsecured loans, lenders must rely on you to make your repayments.

Online car loans

While personal loans are offered by a range of lenders online, car loans are too. That means that you can potentially access the finance you need to purchase your new vehicle without having to leave your house.

At Monzi, we work with lenders who offer car loans online. As a result, if you’re in the market for a new set of wheels, you can simply apply with us. From there, we can potentially pair you with a lender offering car loans from $5,000 to $30,000 with repayment terms ranging from two to five years.

If approved, your cash will be transferred to you and you can then head to the dealership to purchase your new car. All you will then need to do is make a series of even repayments over a fixed period. Simple, right?

Comparing instant loans online 24/7

If you’re looking to find the right loan then it’s usually a good idea to compare loan products. Not only can it save you money on interest payments or fees but it can also potentially allow you to access more favourable terms too.

However, if you’re new to the game, you might be wondering what you need to compare. No need to worry, Monzi can help. See below for our quick guide of features to compare:

  • Interest rate: determines what you must pay on top of the principal amount that you borrow.
  • Fees and charges: additional charges added to your repayments. Can range from one-off fees to monthly or annual account charges.
  • Comparison rate: combines your fees and interest rate into one easily understood annual percentage that represents your total loan cost.
  • How much can you borrow and what repayment terms are offered?
  • Check user reviews for each lender to get an idea of past borrowing experiences.

What are the best quick online loans?

Monzi is unable to say what the best online loans are. After all, we work with a range of different lenders as part of our network. Moreover, the best loan for you, may not be the best for someone else. As a result, we’re unable to provide you with any advice.

Having said this, Monzi works with a number of excellent, licenced credit providers. So, if you need quick loans online, apply with us today. We might be able to make it simple and convenient to access cash loans online. Best of all, you can borrow amounts ranging from $300 to $10,000 with a range of flexible repayment options available too.

What is the easiest loan to get?

It’s true that some lenders may have qualifying criteria that aren’t quite as strict as other lenders. These so-called ‘easy lenders’ may be understanding of a range of circumstances and can potentially make credit more accessible for you. Whether it’s bad credit, low-income or even the fact that you receive benefit payments, these lenders may be able the easy loans online you need.

Having said this, keep in mind that approval is not certain. While these lenders may claim to be more understanding of your circumstances, they will still have a range of necessary criteria that you must meet in order to be offered easy cash loans online.

Where can I borrow money ASAP?

One easy way is to apply with Monzi’s 100% online lender-finder service. While you could spend all day researching lenders to find one that works for you, why bother?

Just submit an easy Monzi application in minutes. From there, our automated system will aim to pair you with a lender in no time. If you apply during business hours, this may take as little as 60 minutes.

Once you’re paired with a lender, they’ll try to assess your application ASAP so that you can have an outcome before you know it. If approved, your cash will then be transferred to you.

At the end of the day, Monzi might be able to make it simple and convenient to access instant cash loans online 24/7. Scroll up and use Monzi’s loan slider to begin your application today.

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. For example, you could potentially find anything from car loans for pensioners to debt consolidation for bad credit.

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.

Keep in mind that qualifying for Monzi does not mean you will be approved. Each lender has their own assessment criteria.

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.

Online loans being captured by woman's camera

What information will I need to provide?

In order to assess your application, lenders will require a number of key details to allow them to determine your suitability for credit. As a result, you will need to provide this information when you apply. Failure to do so will likely result in delayed outcomes or even rejection.

So, before you begin applying, ensure that you can supply the following:

  • Personal information (e.g. name, address, date of birth, contact information)
  • Online banking details
  • Your reason for applying
  • Your current budget (e.g. income and day-to-day expenses)
  • Any current outstanding debts or ongoing repayments
  • Your preferred loan amount and repayment term
  • Any other relevant details (e.g. Centrelink benefit payment details)

What should I consider before applying for online short term loans?

Before applying, it’s crucial to have a complete understanding of your financial situation. That way, you can calculate exactly how much you need to borrow as well as what repayments you can afford. Doing this will reduce the likelihood that you will experience issues down the line (e.g. defaults).

So, before applying, consider the following:

  • What’s my income?
  • What are my current day-to-day expenses?
  • Do I have any on-going repayments or major upcoming expenses?
  • How much do I need to borrow?
  • How much money do I have saved?
  • Can I cut costs to reduce the amount I must borrow?
  • What repayment amount would suit my budget?

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.

Do instant online loans affect your credit score?

In short, personal loans may impact your credit score. However, whether it is positive or negative will depend on how you manage your loan.

In the short-term, your credit score may take a slight hit. This is due to the fact that opening a new credit account (i.e. taking out a loan) reduces the average age of your credit. This has a negative effect on your credit.

In the long-term, the impact on your credit score may be positive if you are able to make your repayments on time and without issue. However, if you miss repayments or default on your loan then your credit score could be adversely affected. This may inhibit your ability to access credit again in the future.

Given this, it is crucial to only borrow what you can afford to repay. Moreover, always ensure that your repayments fit comfortably with your day-to-day budget.

What is the minimum credit score for loans online fast approval?

In short, Monzi is unable to say what the minimum required credit score may be. After all, qualifying criteria will vary from lender to lender based on their assessment policies. In other words, while some lenders may be willing to offer loans to bad credit applicants, others will not be.

The good news is that, at Monzi, we work with a number of lenders who may be willing to accept bad credit applicants. While they may assess your credit history as part of your assessment, they will look at your current financial situation (i.e. income and expenses) too. That way, they can get a clear idea of exactly what you can afford to repay.

In saying this, keep in mind that approval is not certain. While some lenders may have lower credit score requirements than others, you will still need to meet the necessary thresholds and criteria in order to be offered online loans instant approval Australia.

Are online loans a good idea?

Quick cash loans online may be an option if you find yourself needing a quick cash injection to cover a pressing expense. You can borrow the cash you need today while dividing the costs of the coming months or years. However, whether they are a good idea or not will depend on your financial situation as well as how you manage your loan.

In most cases, you should only rely on credit when you absolutely need it. While the costs are divided evenly over a fixed period, you must still pay interest and fees on top of the principal amount that you borrow. As a result, costs can add up quickly.

In terms of how you manage your loan, if you are able to make all your repayments on time and only borrow what’s affordable then a personal loan may be an effective short-term option to manage a cash shortfall. However, on the other hand, missed repayments or borrowing excessively can have significant consequences (e.g. lower credit score).

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 report 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.

What is the cheapest way to borrow money?

In most cases, the lower your interest rate, the lower your total loan costs will be. In order to access a lower rate, there are a few things that you might be able to do.

Firstly, if you’re a reliable borrower with a good credit history then lenders will tend to look upon you more favourably. Given that you’re less of a default risk, you may be offered a lower rate.

On the other hand, if your credit isn’t looking too flash, applying for a secured loan could be an option. Secured loans are guaranteed by one of your assets meaning that for lenders, there’s risk. As a result, they can potentially offer you a better rate.

Ultimately though, your lender will determine the rate that is applied to your fast online loans. These are simply two factors that your lender may take into account.

How would a monthly repayment be on a $5000 loan?

It’s not possible for Monzi to say what your repayments may be. After all, your repayment amount will depend on your interest rate, any associated fees as well as your repayment term. If you’re after an estimate though, one useful tool could be a personal loan calculator offered online by a range of lenders and financial institutions.

In any case, as a rule, the longer your repayment term (e.g. 24 months), the smaller your regular repayments will be. On the flip side, a shorter repayment term (e.g. 13 months) will result in larger regular repayments.

In most cases, the goal is to select an efficient repayment while still ensuring that your repayments are affordable for your budget. A term that is too short may leave you over-extended and unable to afford your current expenses, while a term that is too long may be unnecessary.

Your guide to repaying 24/7 online loans

When you apply with Monzi, you’ll have the freedom to make decisions for yourself. While cash loans under $2,000 have fixed short-term 12 month repayments, loans over this amount provide you with the option of terms ranging from 13 to 24 months. As a result, you’ll have to decide which is best for you.

In addition to this, you’ll have the choice of weekly, fortnightly or monthly repayments. As a guide, it’s often wise to align your repayment schedule with your income. In other words, select fortnightly repayments if you are paid on a fortnightly basis. However, it’s totally up to you.

Finally, making your repayments couldn’t be easier. Simply establish a direct-debit from your account and your repayments are automatic. Moreover, it will cease once you’ve paid off the balance of your loan. Just remember to have enough cash in your account on the relevant dates.

Online loans Australia

People come to Monzi for all sorts of reasons; some are looking to consolidate mulitple personal loans, others need money for cosmetic surgery.

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 Cash Loans7,500

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.

Contact us

At Monzi, providing the best user experience possible is important to us. So, if you have any questions, queries or concerns that relate to Monzi or our lender-finder service, reach out. Email us at and one of our customer service team members will get back to you with a response.

One thing to remember is that, at Monzi, we can only answer questions that relate specifically to our organisation and service. In other words, contact your lender directly if you have questions that relate to a loan that you have taken out.

Monzi: available anywhere, anytime

At Monzi, we understand that unexpected expenses can strike at any time. That’s why we’ve made sure that our website is live 24/7. As a result, you can apply at the time that suits you best. However, keep in mind that any applications received outside business hours may encounter delays.

In addition to this, as we’re a 100% online service, we’re not bound by geography. In other words, no matter where you are in Australia, if you’re connected to the internet then you can apply with Monzi. You could be kicking back on the couch or on the train to work, it doesn’t matter with Monzi.

Apply whenever and from wherever you like.

Apply today

Scroll up to the top of the page to get started with Monzi’s lender-finder service. We could potentially find you a bad credit cash lender ASAP!

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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.