Payday Loans Alternative Of Up To $10,000. Apply Now!

If you need money in a hurry, you may start considering taking out a payday loan. Additionally, you may feel like your loans options are limited by bad credit. There may, however, be an alternative instant loan choice available to you.

Payday loans Australia

Payday loans are becoming an increasingly popular option for Australians looking to access credit. While they may be popular, they may not always be your best option.

The short term loans market has grown rapidly in recent years. Payday lenders have, however, been criticised for charging high fees and offering inflexible repayment terms. It’s here that many people start looking for an alternative.

This is where Monzi may come in. There is no need to start searching through hundreds of options to find an available lender. We’ll try and find you a lender without the hassle.

Let’s start by looking at exactly what cash loans are.

What are payday loans?

ASIC defines these loans as high-cost, short-term loans, including small amount loans up to $2,000 that must be repaid between 16 days and one year. Traditionally, they were used to help tide you over to your next payday, hence the name. You can repay payday lenders through a:

  • direct debit from your bank account; or
  • deduction of your pay.

If you have a less-than-perfect credit history, then you may be on the lookout for no credit check loans; it’s understandable. But fortunately, Australian cash loans may not be your only same day loans choice.

Monzi can find lenders that may offer quick cash loans.

Payday loans alternatives

If you are thinking about applying with a payday lender, you should first consider your other options. While payday lenders may indeed feel like an easy and convenient loan option, there are potentially other options available to you.

In certain situations, you may not need a payday loan at all. Consumers should always weigh up what alternative options they have available:

Contact your utility provider

Most utility companies will have their own financial hardship office. Here, you may be able to negotiate alternative payment options if you are struggling to afford your bills.

If you feel you are unable to afford your electricity, water or gas bill, you should first get in contact with your provider.

Centrelink Advance Payment

If you are a recipient of certain government benefits, you may be able to access credit through an advance payment. Put simply, you receive a portion of your future Centrelink benefits early. This will then be repaid out of your future Centrelink payments, interest-free.

An advance is often far better than applying for Centrelink loans online or payday loans for Centrelink customers.

Keep in mind, however, that not all Centrelink customers will be eligible. To find out if you qualify, get in contact with Services Australia.

No Interest Loan Scheme

Certain charity initiatives, like the No Interest Loan Scheme, can provide no-interest loans to low-income consumers. However, you must meet certain eligibility requirements. If you are on a low income and need to pay for household necessities or medical treatments, consider applying for a no-interest loan.

The No Interest Loan Scheme is one such example. You must, however, meet certain eligibility requirements, and loans can only be spent on a brief list of necessary expenses.

Payday loans alternative? Use Monzi’s lender-finder service

Alternatively, you could employ Monzi’s free lender-finder service. With one, paperwork-free application, Monzi may be able to find you an available lender. Specifically, Monzi works with lenders who may be able to offer personal loans of up to $10,000. These loans, when compared to payday lenders, may provide more options with a greater deal of flexibility.

How do no credit check payday loans work?

When you apply for a payday loan with no credit check, your lender will not access a copy of your report. Instead, they will base their assessment on your income and expenses.

You may be required to provide the following:

  • Payslips or Centrelink statements.
  • Copies of bills.
  • Copies of other credit contracts.
  • Property rental statements showing whether or not you’re up to date.

Approval times may vary between no credit check lenders. Moreover, payday loans no credit checks will not be offered by all lenders.

Are payday loans dangerous?

A payday loan may, in some situations, be a good credit option. However, certain aspects of the payday loan model have been criticised by consumers.

Less regard for responsible lending obligations

Perhaps the most damaging stereotype of payday lenders is the accusations of irresponsible lending practices.

In particular, certain lenders have been criticised for lending potentially unsuitable credit to consumers. In other words, these lenders are likely to provide credit to consumers who, realistically, should not be taking out credit.

Repayment terms

Payday lenders have been criticised for having inflexible and short repayment terms. Moreover, if you fail to repay your loan within the short timeframe, you may be slapped with high penalty fees and charges that can quickly snowball.

Keep in mind, lenders may charge additional fees for things like missed payments. Therefore, be sure to read your contract thoroughly.

Falling into unmanageable debt

It may be easy for consumers to fall into the trap of continually taking out new loans. This can leave borrowers in a debt spiral that may be incredibly hard to resolve.

Guaranteed payday loans no matter what Australia

While no loan is ever guaranteed approval, lenders will do their best to assess your bad credit loan application fairly. Regardless of whether you apply for a $1,500 loan or a $5,000 loan, lenders will do their best to offer approval. Moreover, there’s no cost for using Monzi, and consumers are under no obligation, financial or otherwise, to accept the loan offered to them.

After all, credit providers are required by law to assess whether or not a credit contract is suitable for a consumer. As a result, any lender offering guaranteed approval no matter what is obviously not taking their responsible lending obligations very seriously.

Do you need a good credit score to apply for a payday loan?

Generally, a good credit score is not required to get a payday loan.

In fact, certain payday lenders may not conduct a credit check on your application at all. However, there are still options outside of payday lenders available to people with bad credit history.

Monzi, for example, could put you in touch with a lender offering a personal loan. Even if a credit check is performed on your application, you still may be considered for approval. This is because Monzi works with lenders who may be able to focus on your current relationship with money. As a result, payday loans no credit checks Centrelink may not be your only option if your credit isn’t where it should be.

Is it possible to be declined with a payday lender?

Yes, just like any form of credit, it is possible to be denied a payday loan.

This could be for a variety of reasons. In particular, you could be denied a payday because of the following:

  • The consumer’s income could not be verified.
  • The lender thinks the borrower will not be able to reasonably afford their repayments.

Can you go to jail for failing to repay payday loans?

Nobody can be sent to jail for not repaying a payday loan.

Keep in mind though, credit providers can pass your debt file on to debt collectors. Debt collectors can contact you via phone, letter, email, social media or even in person. Consumers, however, do have rights when it comes to dealing with debt collectors.

For example, a debt collector cannot call you more than three times a week. Additionally, debt collectors cannot contact you on national public holidays.

To get more information regarding your rights when dealing with debt collectors, visit ASIC’s Moneysmart.

Bad credit payday loans: are they available?


In many cases, payday lenders will be more willing than other credit providers to consider applicants with poor credit. As a result, if you’ve got a few blemishes on your report, payday loans bad credit may feel like your best option. However, there are alternatives out there.

At Monzi, we work with lenders who may offer personal loans to bad credit borrowers from $300 to $10,000. With this, lenders will look at your income and expenses as well as your credit history to get a full picture of you as a borrower. From there, they can determine your outcome.

As a result, if you’re in a secure financial position, then you may still be approved despite mistakes in your past. However, note that approval is not certain and is at the lender’s discretion.

Are there any payday loans with weekend payouts?

Yes, there may be.

One of the key attractions of payday loans is that when you need cash in a hurry, they can often process your short term loan application ASAP. In some cases, this may even include weekend payouts.

However, it’s important to note that this may not always be possible. After all, banks may not process cash transfers outside of standard hours. As a result, if your application is approved, then you may need to wait until the following business day to access it.

In any case, if you’re looking for payday loans, why not consider an alternative?

At Monzi, you can apply and you may be matched with a lender without stress or hassle. Best of all, you can potentially access personal loans from $300 to $10,000.

What is the Monzi difference?

Monzi provides a lender-finder service. Therefore, when you need some quick cash advance for unexpected expenses, we are ready to help, anytime. So, instead of the endless googling, and the never-ending cycle of applications, just apply with us for one application form and one lender!

The lenders we find typically offer fast loans between $300 and $10,000! Therefore, whether consumers are looking for a small cash advance loan or something large, Monzi may be able to help. You can also choose between 12 to 24 months for your repayment plan, depending on your fast approval loan amount. Of course, the lender will have the final say, but, they should work with you to determine the best plan for you.

Who is eligible to apply for payday loans?

While we don’t work with payday lenders, to be eligible to apply for our lender-finder service, you will need to meet the below criteria:

  • Be at least 18 years of age.
  • Hold an Australian Citizenship or Permanent Residency.
  • Received income into a personal bank account for the past 90 days.
  • Have a personal mobile number and email address.

If you answered yes to these questions, then you’re eligible to apply with Monzi. We know life is busy, so we want to make it that bit easier to borrow money when you need a cash loans alternative.

Can you find no credit check loans?

People who search for no credit check loans are generally concerned that their poor credit record will get in between them and a loan. Often, this does not have to be the case.

Monzi, for example, works with lenders who consider more than your credit score. In other words, these lenders are prepared to look at your current relationship with money, not just your past mistakes.

So, why not find out more about loans for people with bad credit? They could be a handy alternative to payday loans no credit check.

We cannot guarantee if your credit history will be checked or not.

What about Centrelink customers?

If you are receiving Centrelink, you may consider payday lenders because you may feel that traditional lenders will automatically decline your application. Now, while lenders like banks may be unlikely to consider you for approval, there are still licensed lenders who may be willing to help.

Monzi can put you in touch with reputable personal loan lenders, who may be able to count regular Centrelink payments as a form of income.

How do I get out of using cash loans?

In short, there are a few ways of getting out of using a payday loan. First, you could earn more income. Secondly, you could cut expenses and just repay the loan. Obviously, however, this is much easier said than done.

You could, alternatively, use Monzi’s lender-finder service to find a lender who may be able to offer a consolidation loan. Consumers are able to use their consolidation loan to settle bad credit debts. From there, you’ll then just have one, more manageable repayment.

Therefore, even if you have a bad credit history, Monzi may be able to match you with a lender that might offer consolidation loans of up to $10,000.

Can Monzi help me find payday loans alternatives?

If you have been frantically searching online for instant approval lenders to cover a cash shortfall, consider using Monzi. We’ll be able to search through a variety of different lenders. So, if you have been searching any of the following terms, consider instead using Monzi’s lender-finder service.

Payday loans AustraliaNo credit check payday lenders
Payday loans CentrelinkGuaranteed payday loans no matter what Australia
Weekend payday loans no credit checkBad credit payday lenders
Payday loans onlineBest payday loans Australia
Payday loans for bad credit instant approvalPayday loans no credit checks no paperwork

Keep in mind, the list above is simply common search terms. They do not reflect the type of loan or lender that Monzi may be able to find for you. Instead, if you have been searching these terms, Monzi’s lender-finder service may provide a personal loan alternative.

Why apply for personal loans?

Plenty of Australian consumers prefer personal loans for a myriad of different reasons. To shed more light on the benefits of personal loans, we’ve included a few examples below:

  • Larger amounts: Most payday lenders will offer $2,000 and less. Lenders offering personal loans, on the other hand, may be able to offer up to $10,000!
  • Flexible repayments: Consumers can repay their personal loan over several months, on a weekly, fortnightly or monthly repayment schedule.
  • Cover personal costs: Consumers can use their personal loan to cover anything from car repairs, holiday expenses or even rental bonds.

Payday loans alternative celebrated by woman dancing in glitter

How it all works

Applying for an instant cash loan through Monzi is straightforward and convenient. All you need is a few spare minutes, an internet connection and a coffee in hand (let’s be honest, every task is easier with coffee!). Apply online in three easy steps:

Step 1: apply online

Simply scroll up and begin with our loan slider. Use the loan slider to select how much you’d like to borrow and the repayment terms. Then you’ll get an estimation of your possible repayments.

Consumers will be shown examples of what their regular repayments may look like. These examples, however, may not reflect the actual cost of your loan; individual lenders may differ in what they charge.

Once you are happy with your proposed loan terms, simply click the Apply Now button and you’ll be taken to an application. Just enter a few more details, click submit and that’s it!

Step 2: we get to work

After you submit your online application, we get to work trying to pair you with a lender.

Step 3: say hello to your new lender

If we match you with a lender, they will first assess your application. Next, if the lender is able to make you an offer, then they’ll be in touch.

When you apply with Monzi, you skip the steps of searching for a lender and submitting endless applications. You just need to apply and let us do the legwork.

Why look for a payday loans alternative?

Consumers looking for credit, but wishing to avoid the big banks, could consider an online personal loan rather than an online payday loan. Personal loans could take minutes, not days. And the last thing you need in life are more hoops to jump through.

You may, however, be asking if you’re the reason for a loan is valid? Well, we have good news, you can take out a personal loan for a myriad of reasons! Here’s just a few:

The holiday of a lifetime

The 9 to 5 grind is getting a bit much and the sunny beaches of Fiji are calling, so it’s time to pack your bags and take off. However, your bank account says otherwise. That’s when you can contact us. We can find lenders that offer travel loans from $300 to $10,000.

Holiday loans can cover anything from accommodation to the airfares! Allow Monzi to potentially help make your travel dreams a reality.

Car troubles

We all know there is never a convenient time for car troubles; they can really throw a spanner into your monthly budget. If you’re short on cash then fixing your ride to work can seem like a stretch.

So, why not apply with Monzi for a lender that can offer car repair loans? You can apply in just a few minutes and could be connected to a quality lender in no time. You could even get a loan to cover registration!

Rental bond

Do you think it’s time to move out of your parents’ home and into a share house? Or, perhaps, you are trying to leave a share house for a place of your own? Whatever it is, if you need a little extra cash to cover a bond, you’ve come to the right place.


You may have designed a beautiful budget, but an unexpected expense can soon upset even the best-laid plans. Your furry, best friend may swallow something they shouldn’t have, and before you know it, a $4,000 vet bill shows up at your front door. For a quick cash solution, apply with Monzi up to $10,000 for vet bills or other medical emergencies.

Types of personal loans

The lenders we work with offer three types of personal loans as a credit option. Therefore, consider the options listed below against your personal situation.

Keep in mind, the repayment terms on your loan may vary depending on the lender you’re paired with.

Small loans

Small loans are unsecured personal loans from $300 to $2,000 and are repaid over 12 months. They are unsecured, so no need to attach security – just apply and receive an outcome in no time! Small loans, without the hassle, from lenders you can trust.

Depending on the lender you’re paired with, you may be charged an establishment fee of 20%, as well as ongoing fees.

Medium loans

If you’re after something a little larger, then the lenders we find also offer medium loans from $2,000 to $4,600 and can be repaid over a 13 to 24 month period. Medium loans do require security, such as a car, motorbike, boat or caravan.

Large loans

Lastly, we can also offer large secured loans between $5,000 and $10,000 and can be repaid over a 13 to 24 month period. Much like medium loans, large loans also require security. You can still apply in minutes and get the lender you need, without the hassle of endless searching.

So, whatever you’re looking for, Monzi Loans can offer a range of loan amounts that could suit any expense.

24/7 payday loans alternatives with Monzi

While some payday lenders may offer weekend payouts, Monzi can provide a useful alternative.

We know that expenses rarely wait until it’s convenient. That’s why we’ve made our website live 24/7. As a result, we’re always ready and waiting to accept your application. So, get started today and you may be paired with a lender in just 60 minutes.

Having said this, keep in mind that any application received outside usual operating hours may experience delays. As a result, you may need to wait until the following business day to receive an outcome.

Finally, remember that Monzi aims to pair you with a lender offering personal loans. As a result, if you’re after payday loans weekend payout Australia, you may need to do your research.

Monzi and responsible lenders

As we mentioned above, Monzi works with lenders who take their responsible lending obligations seriously. You may, however, be asking yourself what exactly are these obligations?

The Australian Securities and Investments Commission designed a set of lending obligations to prevent credit providers from offering unsuitable credit contracts to consumers. An unsuitable credit contract would include where:

  • the consumer is unable to afford the repayments, or only under significant financial duress; or
  • the credit contract does not meet the consumer’s requirements and objectives.

Therefore, for lenders to uphold their responsible lending obligations, they must undergo the following steps:

  1. Make reasonable inquiries into the consumer’s financial situation.
  2. Take reasonable steps to verify the consumer’s financial situation.
  3. Make an assessment as to whether or not the credit contract is not unsuitable for the consumer.
  4. If requested, provide a written copy of the assessment.

If Monzi pairs you with a lender, you can always be sure they will hold an Australian Credit Licence and will lend money responsibly.

Verify your income

Monzi works with lenders who can easily verify your income and expenses. Put simply, lenders use the latest in safe banking technology.

Lenders are able to access a read-only copy of your bank statements. Therefore, they can verify your income, as well as assess your ability to comfortably afford repayments. As a result, you can be confident you won’t be offered a payday loans alternative you cannot afford.

Note that Monzi will not be able to pair you with a lender offering payday loans no bank statements required Australia. As part of your application with Monzi, you must provide your online banking details.

Financial hardship

Monzi’s network of responsible lenders all have their own hardship departments. Therefore, if something drastic changes in your life (i.e. lose your job or get badly injured) you can file for financial hardship.

Your lender will assess your claim of financial hardship and, if you’re approved, offer an alternative payment plan.

Flexible repayment options

Consumers can nominate how many months they ideally want to repay their loan over. In addition, consumers can choose a weekly, fortnightly or monthly repayment schedule. Repayment terms may range anywhere from 12 to 24 months.

They may conduct credit checks

The lender you’re paired with may or may not conduct a credit check as part of their responsible lending obligations. This is, however, not all they focus on.

Moreover, lenders may be able to look at your current relationship with money. Therefore, even if you have poor credit, you may still be considered for approval.

Customer service when you need it

Monzi works with lenders who offer excellent levels of customer service and support. Not only that, Monzi does too. If you have any questions about our lender-finder service, then don’t hesitate to submit a contact form via our website.

When will I receive my payday loans alternative?

Access to funds will be dependent on a few variables.

Generally, however, lenders will transfer your funds after you approve your loan contract. Therefore, you may receive your loan the same day you approve your contract. Alternatively, you will be able to access your funds the next business day.

Looking for same day loans? Monzi might be able to pair you with a lender.

Ready to apply for payday loans alternative?

Simply complete a quick and easy loan application online and we’ll get to work scanning through our network of lenders potentially able to offer short term cash loans!

Don’t settle for second best, apply with Monzi for a chance at meeting your next lender. Monzi can still try and help, even if you are unemployed or are receiving Centrelink.

Let’s be friends

We’re sure you’re experiencing information overload by now, so if you have any further queries about our service, don’t hesitate to contact us at Also, visit our FAQ page and see if your answer is already waiting for you.

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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 (minimum)

12 months (maximum)


20% upfront establishment fee

+ 4% monthly fee


Representative example based on a loan of $1000 over 6 months a borrower can expect to pay a total of $1440.

Disclaimer: Under the current legislation, all Small Amount Credit Contract loan providers don’t charge an annual interest rate. The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The comparison rate on loans between $300 and $2000 could be up to 199.43%. The minimum loan term is 16 days and maximum loan term is 12 months. Representative example based on a loan of $1000 over 6 months a borrower can expect to pay a total of $1440. WARNING: This comparison rate is valid 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

$2,100 - $4,600


13 months (minimum)

24 months (maximum)


47.8% Annual Percentage Rate (APR)

65.85% Comparison Rate p.a.


Representative example based on a loan of $2500 over 24 months a borrower can expect to pay a total of $4,556.88.

The maximum interest rate for a Medium Amount Credit Contract is 47.8%. Comparison Rate 65.85% p.a. The maximum loan term is 24 months. Representative example based on a loan of $2500 over 24 months a borrower can expect to pay a total of $4,556.88. WARNING: This comparison rate is valid 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. Credit criteria and terms and conditions apply.

Loan amount

$5,000 - $15,000


13 months (minimum)

24 months (maximum)


17% Annual Percentage Rate (APR)

36% Comparison Rate p.a.


Representative example based on a loan of $10,000 over 36 months a borrower can expect to pay a total of $16,489.

The starting interest rate for a Personal Loan is 17%. Comparison Rate 36% p.a. The maximum loan term is 24 months. Representative example based on a loan of $10,000 over 36 months a borrower can expect to pay a total of $16,489. WARNING: This comparison rate is valid 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. Credit criteria and terms and conditions apply.