Quick Cash – Apply Fast From $300 To $10,000 With Monzi

Life has its bumps in the road; sometimes you may require quick cash. If you find yourself in the position, you can find quick cash at your fingertips. However, there are varying alternative options before you take a loan. This article seeks to shine some light on how quick cash work and whether they are a good option for you. Apply now with Monzi from $300 to $10,000.

Please note, specific ideas and products presented in this article may not be on offer by Monzi nor the lenders we work with. This article presents only general information. Consider seeking professional financial, taxation, legal or other advice to check how the information and ideas presented on this website relate to your unique circumstances.

How quick is quick?

Firstly, the question everyone wants answered is how quick is quick cash? Well, at Monzi we can’t speak for everyone, but if we match you to a lender, you could potentially receive a same day loan.

‘What makes it so quick?’ is often the follow-up question. Well, if you operate through us we are 100% online and paperwork free. That means that you can apply from wherever you are (provided you’ve got an internet connection). We also don’t require any paperwork. All you have to do is fill in the required information in your application.

From there, we try our best to match you to a lender who may be able to help. If you place your application within our business hours, we can potentially complete this in as little as 60 minutes. Then, your lender will be in contact with you. If they are happy with your application, you sign a contract, and your money begins transferring.

So, in comparison to the amount of time it would take a regular lender to complete your loan assessment, it may be much quicker.

Can you get money immediately?

Under the traditional definition of immediately, no, you can’t. There is no one push of a button that instantly transfers more money into your account. Regardless of who you take your instant online cash loan through, there are systems in place that require following.

If your definition of immediately is ‘same day’ then, yes. You can potentially have cash transferred to your bank account within 24 hours, if everything goes smoothly. However, we operate to set regulations and will not cut corners. So, if you want to be realistic, give yourself a 48-hour time frame to avoid disappointment.

Even if your loan is approved and the payment processes within the day, transaction times between banks can vary. If your lender has a different bank to you, account for time for the money to transfer.

One hour cash loans

It is near impossible to receive a one hour loan with cash in your account. This is due to the procedures Monzi and the lenders we affiliate with, have to follow. What we may be able to do for you within an hour, instead, is match you to a lender who can help. This is only possible, however, if you apply during our business hours.

Whether that lender can help is based on their criteria. If we can match you with a credit provider, then your application will leave our system and pass into their hands. If this lender approves your application, the money may potentially make it to your account on the same day.

Why does it take regular lenders so long?

But if a lender can process personal loans so quickly, why do other loan types take so much time? If you go through the banks for a considerable loan, such as a home loan, you can expect it will take at least a month to finalise.

The main reasons for the extensive time frame are valuation periods, credit checks, and underwriting. These banks and brokers also need to organise a large amount of paperwork that has to be checked and cross-checked. They cannot merely say it looks okay and sign the approval.

Your lender will want to know what you will be using the money for and will check to ensure you are sincere. They want to check you have the means to repay the loan they give, and that you are responsible. If it is for a property, someone will have to conduct a valuation to make sure you can afford the loan. Then extra time needs to be granted for writing all the documents up.

When you apply for a personal loan, you generally have a paperwork free application. This cuts out the bulk of the application process, allowing you easy access to quick cash if approved.

Are you eligible for quick cash?

Again, we can’t speak on everyone’s behalf, but here at Monzi, the eligibility criteria are not significant. If you tick all of the following, you qualify for our lender-finder service:

  • Possess a personal email and mobile number
  • At least 18 years of age
  • Hold a permanent residency or Australian citizenship
  • Can show you have received income into an account for the past 90 days

Keep in mind that merely qualifying to apply does not guarantee approval. It does, however, mean that you can hit the ‘apply now’ button at the bottom of the screen and begin your application.

Emergency cash loans

If you have encountered an emergency and are desperate to get cash in your bank account, you can use a quick loan. We’ve established that quick cash means fast, potentially same day, money. That means if you run into a financial emergency, you can have some peace of mind.

At Monzi, we’ve seen it all and understand that life happens. Whether it’s car repairs, medical expenses, or a last-minute flight, cash emergencies come in many forms. All you need to do is produce the required information, and your lender may do there best to help you out.

This means you can be back on your feet in no time. As Monzi is 100% online, you can apply with us wherever it suits you. We will do our best to try and match you quickly if you apply within business hours. Please also note that if you match at the very end of the business day, your lender may not be able to view your application until business hours restart the next morning.

Quick cash system scams

Of course, while everyone likes the idea of receiving quick cash, it is often a present thought that you could be engaging in a quick cash system scam. While this is not entirely out of the question, there are ways to ensure you are engaging with a legitimate business.

Firstly, all companies need to register with the Australian Securities and Investments Commission (ASIC). This is a register you can search for free to ensure you are not dealing with a scam. Then, verify if the company has additional registration or a license, this indicates professional standards. You can also look up the company’s ABN.

If you have any questions about the legitimacy of Monzi as a company, feel free to contact the team. Alternatively, you can scroll to the bottom of our site and explore our ‘further information’ section. Here you will find our website policy, privacy policy, acknowledgment and consent, and our ABN. We value transparency and security. We secure your information under the tech giants of the security industry.

Quick cash loans for single mothers

Parenting comes with a whole handful of struggles; you don’t need to add money troubles to that list. It is possible, however, to obtain a loan if you are a single parent. It may even be possible if you are an unemployed single parent.

Keep in mind that the main criteria for quick cash are that you can show you have been receiving a constant income for 90 days. So, if you are receiving regular Centrelink payments, you may still be able to apply.

Your lender will have to examine whether you can afford to cover rent and other necessary expenses, along with the cost of a loan. This means that you need to understand there is no guaranteed approval.

If you think you would like quick cash as a single mother, Monzi will try to find a lender for you who may be able to help.

Quick cash loans online

While you could go into a bank branch and organise quick cash, this is inconvenient and time-consuming. Therefore, it is much easier to seek online loans. The majority of personal loan services and lender-finder are online for your convenience.

As Monzi does not require any paperwork, we are 100% online, allowing you to place a loan application from the comfort of your couch. Being entirely online allows our team to push the process and any communication quickly. If you have applied within business hours, then there should be a team member around to answer your questions.

Quick cash advance

If you are unsure about apply for quick cash, another option for you is to take out a cash advance. To do this, you will need to have a credit card already, or go and apply for one. Once you have your credit card, to take out a cash advance, all you have to do is go to an ATM and withdraw cash on credit.

The issue with cash advances comes back to interest. When you withdraw from the ATM, you begin accumulating interest until you repay the advance. This interest is typically much higher than the usual credit card purchase interest. Therefore, it is a good idea to consider which option has better interest rates before either applying for a loan or taking out an advance.

Can I apply for a cash advance through Centrelink?

Whilst not quite the same as a credit card advance, you can apply for an advance through Centrelink. How this works is that if you are already receiving government support of some description, you can get an advance on top of this payment. Keep in mind that the amount of your advance will be taken out of your future payments.

You will not be eligible for a government advance if you already owe the government, if you are out of the country, if you won’t be able to repay within six months or are still repaying an advance from more than 12 months ago. There are also limits on how much you will be able to advance according to your situation.

Consult Centrelink or a financial advisor if you need further information.

Do cash advances hurt your credit score?

A cash advance can affect your credit score. As with most forms of debt, if you fail to repay a cash advance, this can become a default on your credit report.

This is not direct, however. Cash advances are not indicated on your credit report, as it is a credit card transaction. Due to the fees and high-interest rates that accompany cash advances, your repayments can potentially get out of hand. If this happens, it affects the balance on your credit card account. This may result in late payments and possibly a default.

So, if you still think you can manage the repercussions of a cash advance, ensure you understand all the terms. Then, do your best to ensure the balance is repaid in full as soon as you are able. This will prevent the possibility of your credit score taking a hit.

Quick cash in a flash

Quick cash loans for Centrelink customers

Centrelink does not hand out quick cash; let’s begin with that. The question is instead, can you get a quick cash loan if you are already receiving Centrelink payments. And the answer to this question is yes.

If you are matched with a lender they will assess your credit history as well as your income. This income can come from Centrelink if it is enough to support yourself and the loan. However, it’s worth noting that not all lenders will accept benefit payments as income.

Why would someone on Centrelink require a quick cash loan? Well, the Centrelink income may not be sufficient for a mainstream bank loan. Their credit may also not promote a mainstream application. Due to this, the set up of quick cash makes it far easier for someone on government assistance to get extra cash. However, approval is not certain. Moreover, applying for a loan on Centrelink may not be a suitable choice, given the considerable costs involved.

Quick cash alternatives

If a loan, credit card, or Centrelink cash advance is not a valid option, you may be curious about what else you can do to obtain extra cash. There are several alternative options to make some extra cash. Here are some suggestions:

Sell your goods or services

If you have a hobby or can do something well, put some thought into potentially monetising it. Whether this is a particular joy for dog sitting or knitting, if there is a market, you can make money. Another option is to gather up things you don’t use that might be worth a small sum. Take to Facebook Marketplace or Gumtree and see if you can sell them reasonably.

Take an additional side job

There are jobs you can take on the side that might earn you some extra pocket money for the week. Some of these jobs could include Uber driving, tutoring, or translating work. Jobs like these can be self-regulated, meaning you can put however much time you’d like into them. Of course, time is money, the more you can work, the more you will make.

Rent your assets out

If you are financially lucky, you may be able to rent some of your assets out. Whether this is your house on Airbnb, your car, or even your driveway. These things work best if you live in a popular tourist area where people need cars or accommodation. When it comes driveways, if you live somewhere urban where people may struggle with car-parking, this is a valid option.

Open a new bank account

One other option to make some quick cash is to change bank accounts. Some banks will pay you to switch to them from your current bank. However, you should beware of your current bank’s exit fees as exit fees may subtract any potential profit.

Quick cash loans for the unemployed

Obtaining a loan when you are unemployed is difficult. However, if you can show that you are earning a consistent income (e.g. benefit payments), then you still be considered for approval. You may not be able to take a large loan, but if you have good credit, you may be able to access a small amount. However, this is at your lender’s discretion.

One thing you should keep at the forefront of your mind when borrowing while unemployed is your limits. Borrowing could put you in a complicated situation and potentially a debt cycle. Ensure that when you calculate your repayments, you factor in your current expenses. One way you can simplify this is by using a loan repayment calculator. This may save you the hassle of figuring out these details with your calculations.

In the meantime, you may be able to apply for Centrelink payments to help with everyday expenses while unemployed. It may be worth investigating this possibility before applying for quick cash.

What happens if you receive rejection?

Rejection for any type of loan can be painful or frustrating. However, to avoid digging yourself a bigger hole, it may be smart not to rush into a second application. This is so that you avoid accidentally hurtin your credit score in the process.

Start by getting in contact with the lender who denied your application. Doing this will allow you to receive clarification about why you were not approved. For example, perhaps your income was insufficient. This then allows you to take the required steps to fix the issue, which may improve your chances of approval the next time around.

So, if you work yourself into a more secure financial position in the future but find yourself needing a fast loan to cover some pressing expenses, you’re welcome to apply again with Monzi. From there, we’ll do what we can to match you with an available lender to assess your application.

How much quick cash can you apply for?

Typically, quick cash is a small amount that you can repay quickly. However, the amount you can borrow is dependent on your lender.

If you decide to get started through Monzi, you have the option of applying for cash loans from $300 to $10,000. Depending on the amount you select, you will either be applying for an unsecured loan or a secured loan. Each type of loan will have its own terms, costs and requirements.

One bonus, however, is that our service is completely free. You won’t have to pay us any upfront or hidden fees, which can lift extra burdens if you are struggling with cash. Although, if you take out a loan, then you must repay any money you borrow with fees and interest.

Do you need security for quick cash?

In most cases, quick cash is a small loan. This means that you most likely will not need to provide security for this loan. However, if you are seeking a more considerable amount, such as a loan greater than $2,000, then you must attach an asset as security.

Not every quick cash lender operates the same; however, we can speak on our behalf. If you want a fast money loan, but don’t want to put security down, Monzi may be able to help. Apply for an unsecured cash loan below $2,000 today. We’ll do what we can to match you with an available lender ASAP.

When shouldn’t you apply for quick cash?

Whilst quick cash can be beneficial, there are some instances where it may be better not to take out a loan. Before applying for any sort of loan, there are a few questions you should ask.

Firstly, what is the reason for the loan? Regardless of the size of the loan, taking out a loan simply because you want more money is not a smart approach. A loan is a commitment. So, know what you are going to use it for. Paying an urgent bill, funding renovations or getting your car repaired are all valid reasons for quick cash. More money for the casino is not a good reason.

And, secondly, ensure you’ve done your research on the market and any potential lenders. You want to make sure the company is legitimate and that the terms work for you. If you are looking for information on Monzi, browse the site, check out our FAQs, or email the team to answer any questions you may have. Alternatively, compare the personal loans available to you.

What are the interest rates for quick cash?

It is hard to say what the interest rates may be on quick cash, as they vary depending on which lender you operate through. To get an idea, you can visit our Costs page. Alternatively, you could visit the Moneysmart’s guide to personal loans for more information you may need to consider.

The best advice we can give, however, is to ensure that you have the facilities to repay your quick cash before you take it. While you may be in a bind today, if the repayments would not be affordable for you down the line, then don’t simply apply out of desperation. Take the time and assessing your financial situation to determine what’s best for you.

Quick cash through Monzi

We’ve already mentioned how, if you require quick cash, Monzi may be able to help you out. Remember, we are only a lender-finder service. We’re the intermediary here to cut out the hassle of finding a lender for your money needs.

Just click the ‘apply now’ button on your screen and fill out of simple application form. From there it’s in our hands, and we will let you know if we’ve found a lender who may be able to help you.

Don’t settle for second best; our friendly team is ready to answer your questions at hello@monzi.com.au.

Check out our socials

It’s essential to stay in the loop these days. Therefore, if you want to keep up-to-date with Monzi, consider checking out our Facebook, Instagram, Twitter and Pinterest.

Even if you don’t need a loan today, we’re happy to hang out in your back pocket for when you need quick cash.

Factor In


Two credit cards
Two credit cards

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.