When an unexpected financial situation pops up, it’s usually at the most inconvenient time. Those moments most certainly don’t spare a seconds thought for your carefully planned out budget. Suddenly you’re scrambling to find some spare cash and you don’t know where to find it. You peruse dozens of online lenders looking for quick cash loans but have absolutely no idea where to start. So, what do you do? You turn to Monzi, that’s what you do. We can find lenders that offera payday loans alternative.
Say G’day to Monzi
Monzi is a revolutionary lender-finding company that specialises in finding Australians the lender they need. We know that time is money, and who has the time to search through page after page of Google search results trying to find a lender who may be able to help you out with quick cash loans? Instead, let Monzi do it for you. One quick application with us and we can find a lender who can help you out. That’s right, we do all the hard work for you.
Gone are the days spent standing in line at the bank waiting for the manager to grace you with their presence. Say goodbye to overly complicated application forms and long waits for outcomes. Instead, say hello to one, easy, 100% online application and a super fast response. We’re all about making lender-finding as easy and stress-free as possible.
What are quick cash loans and how can they help?
Quick cash loans are handy little loans that you can apply for when something comes up, leaving you in need of a bit of spare cash to cover it. They’re can be fast, convenient and hassle-free so that you can stop stressing about cash and get on with life. Quick cash loans can also be used for a bunch of different reasons. So, chances are, if you have a reason for needing cash, we can find a lender of quick cash loans who may be able to help!
Wondering what exactly quick cash loans may cover? Take a look!
- Car repairs
- Car rego
- Hospital costs
- Doctors fees
- Dental costs
- Travel costs
- Utilities bills
- Childcare fees
- University costs
- Education fees
- Business startup costs
And so many more! This is just the tip of the iceberg when it comes to reasons for applying for quick cash loans. So, if you have a reason for needing quick cash loans, chances are we can find a lender to help. Sound good? Why don’t you apply now?
Eligibility criteria so simple you won’t need to um and ahh over it!
Yep, you read that correctly, We’ve made our application criteria nice and simple so you don’t have to waste time trying to figure out if you can apply or not. To move ahead with your application we simply require the following four things from you before we can start trying to find you a lender:
- Be at least 18 years of age
- Be an Australian citizen or permanent citizen
- Have been receiving a regular income into a personal bank account for the last 90 days
- Have a mobile number and email address
If you meet the above four criteria, you are eligible to submit an application for our lender-finding service. See? Nice and simple.
We have a super easy application process
Looking to submit an application for quick cash loans? Why not give us a crack, instead. We already know that you’re a bit stressed about needing some extra cash, fast. So, we made our application form as straightforward and easy as possible. Just follow these steps and you’ll have your application completed in no time at all!
Begin by heading to the top of this page and selecting how much you would like to borrow. Next, indicate a repayment period that suits you and hit the apply now button.
We’ll then grab a reason for applying for the loan from you and get you to submit some personal details as well. Don’t worry, this part is quick and painless!
By logging into your internet banking – note, internet, not mobile – you’ll be uploading a read-only copy of your bank statements. Confirm a few details for us and you’re almost done. Hit Submit on your application and we can then get to work trying to find a lender for you.
If we are able to find a potential lender for you we then pass along your application details and they’ll get to work assessing your application. From here on out you will deal with your lender directly. That’ll be it from us, our job is done!
How much do loans cost?
Monzi is a lender-finder service, not an actual lender. As such, this means that we don’t actually hand any cash out ourselves. We can just find the lenders that do! Because we don’t actually handle any of the financials, we also cannot guarantee what your repayment amounts or costs may be. Each lender is different and as such, will have different repayment terms. Be sure to always read your contract if you are approved.
While we can’t guarantee what your costs may be, we can give you a general example of what they may look like. Take a peek below!
A small unsecured loan, $300 up to $2,000:
For a small amount credit contract of $300 – $2,000 you can expect something like this:
- A 20% establishment fee
- A 4% monthly fee that will be applied on the anniversary date of your loan every month
- A direct debit dishonour fee if you miss a repayment.
A medium amount secured loan, $2,001 – $4,600:
The costs of a medium amount secured loan are a little different. You can expect something the following:
- An establishment fee of $400
- An interest rate of 48%* per annum. Keep in mind that the more you pay off your loan, the less interest you will be charged.
- A direct debit dishonour fee if you miss a repayment
*Comparison rate of 67.41% per annum. This comparison rate is based on a medium amount secured loan and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate.
A large amount secured loan, $5,000 – $10,000:
The costs of a large amount credit contract are again a little different. You can expect something like the following:
- An interest rate of 21.24%* per annum. Remember that the more you pay off your loan balance, the less interest you will be charged. This is called reducing interest
*The maximum comparison rate for interest is 48% per annum. This comparison rate is based on a large amount secured loan and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate
Repayments are simple and straightforward
Your repayments are usually set up to be as simple as possible. If you are approved, your lender will usually set up a direct debit repayment in line with your income day. That’s right, it’s a repayment that will be automatically direct debited from your account so you won’t have to do a thing. If that isn’t easy we don’t know what is! And to make things even better, once your loan has been repaid in full, your repayments should automatically stop. See, easy.
Can Centrelinkers apply for quick cash loans?
Yes, people receiving Centrelink benefits can apply for quick cash loans! We get just how hard it can be, trying to get a bit of financial help when you receive Centrelink benefits. Traditional lenders might take one look at your application and knock you back instantly for receiving Centrelink benefits. All without giving you a fair go. We don’t think this is very fair. With this in mind, we can find lenders who are happy to receive applications from clients who receive Centrelink benefits!
So, if you’re looking for quick cash loans for Centrelink customers, we may be able to help.
But what about bad credit?
If you have bad credit, you probably know just how hard it can be trying to find a lender who will be willing to help you out. Many lenders may notice that you’ve had a bit of bad credit history in your past and think that you’re not worth the risk. They don’t take into account that everyone makes mistakes and that your finances may be much better now. We think that bad credit shouldn’t be an automatic no. There are lenders out there who can help.
We know that not everyone is going to have a squeaky clean credit history. After all, life happens, right? With this in mind, we do our best to try and find lenders who may be willing to give you a fair go, despite your previous credit history. So, don’t let bad credit history stop you from applying for quick cash loans online. Submit an application and let’s see what we can do.
Will you conduct a credit check?
Monzi is a lender-finding service, not a lender. As such, we do not conduct credit checks ourselves. Keep in mind though that we can find lenders who may conduct a credit check as part of their own responsible lending practices and a thorough assessment. But don’t let this stop you from applying.
Just like bad credit, we can find lenders who are understanding. Yes, they may conduct a credit check, but they will also look at other aspects of your application. Many lenders now take into account your current financial circumstances, repayment history, income among many other aspects. If they can see that you’re on top of your finances and handling your money well, they may be able to do something for you, despite your previous credit history.
So, don’t let a credit check hold you back. Apply now and see if Monzi can find a lender for you.
The low down on Monzi
Monzi is the friend you need when you need a hand finding a lender. We’re quick, efficient and damn good at what we do. If you’re looking for a lender to help out with quick cash loans, submit an application and see if we can help you out.