Quick Loans Bad Credit Online From $300

Do you have a poor credit history but need cash fast? Quick loans bad credit online may be an option for you. If so, Monzi’s lender-finder service can help. Complete one simple application and we can potentially match you with a lender offering up to $10,000 ASAP. Apply now!

What are quick loans bad credit online?

Lending jargon can be complicated. Luckily, once you break it down it’s relatively simple. So, what are quick loans bad credit online?

Firstly, quick loans refer to loans that are just that, quick. Upon receiving your application, lenders waste no time in assessing your claim to provide you with an outcome in a hurry. It’s about getting you the cash you need in the shortest time possible.

Secondly, bad credit refers to your credit history. If you’ve made some mistakes in your past then you’re going to have bad credit. Typically, lenders are less willing to offer bad credit loans.

Finally, online simply refers to an online application process. In other words, applying is 100% paperwork free.

So, bringing it all together, quick loans bad credit online are loans that are processed swiftly and offered to individuals with a poor credit record who otherwise may struggle to access finance. Moreover, you can apply 100% online. However, we’ll dig a little into the details later.

Monzi – Australia’s lender-finder service

Hi there!

We’re Monzi. One of Australia’s leading lender-finder services. What’s a lender-finder service you ask?

Well, we’re here to try to connect those of you looking to borrow with a range of top-notch lenders who can potentially offer the cash you need. All it takes is one simple loan application and we get to work.

Our automated system scans through the network of lenders that we have developed over time to try and find one that is available and willing to assess your application.

Put simply, Monzi takes the hassle out of applying for bad credit quick cash loans online. Complete a simple application in minutes and you might be matched with a great lender in the blink of an eye.

Apply today!

Quick loans bad credit online: loans of all shapes and sizes

At Monzi, we’ve developed a vast network of lenders who can all offer a diverse range of quick cash loans bad credit. It’s part of our commitment to ensuring we can help as many everyday Aussies as possible.

If you need small quick loans bad credit or something a little larger, you can potentially borrow anywhere from as little $300 all the way up to $10,000.

With this broad range of amounts, one thing to note is that not all loans are the same. In fact, there are three different types of loan you can apply for. All have features that differ slightly, so it’s important to know which loan you need.

The three loan-types are:

Small loans$300 to $2,000repaid over 12 monthsdoes not require security.
Medium loans$2,001 to $4,600repayment terms from 13 to 24 monthsrequires security.
Large loans$5,000 to $10,000repayment terms between 13 and 24 monthsrequires security.

Will I receive my cash on the same day I apply?

Quick loans for bad credit same day really are the dream. One minute you apply and then just a few hours later, the cash appears in your account. It sounds quick, easy and stress-free.

Unfortunately, same day loans aren’t always guaranteed. In fact, there are a number of factors that affect how long it will take.

To give yourself the best chance of receiving your cash ASAP, take the following steps.

  • Apply during business hours (e.g. Monday-Friday, 9am-5pm)
  • Supply all the required details when you apply
  • Be available and contactable

Although, keep in mind, that even taking these steps will not guarantee that you receive your quick loans bad credit on the same day you apply. As a guide, always anticipate a wait time of up to 24 hours.

Quick loans bad credit online: cash when you need it most

As hard as you may try, managing your finances isn’t always smooth sailing. Unavoidable expenses and financial emergencies often appear out of the blue leaving you short on cash and needing a solution fast.

If you find yourself in this situation, one potential option may be a quick loan. If your application is approved, you’ll get your cash in no time allowing you to cover those unforeseen costs.

Best of all, the costs are spread over a period of months or years in the form of regular, manageable repayments. They can be tailored to suit your circumstances so you don’t have to compromise your budget.

If you think quick loans bad credit are right for you, apply with Monzi. We may be able to match you with a lender offering quick approval loans for bad credit from $300 to $10,000.

Is it better to apply for a secured or unsecured personal loan?

Depending on your loan amount, you will either be applying for a secured loan or an unsecured loan.

In simple terms, quick unsecured personal loans bad credit do not require the borrower to attach an asset as security.

On the other hand, with a secured loan, the borrower is required to sign over an asset as collateral. Possible assets include cars, boats or caravans.

This is due to the fact that with a secured loan, a larger sum of money is being borrowed. As such, lenders use security to reduce their risk of loss on large personal loans. After all, if you default on your loan, lenders can repossess your asset to cover their losses.

Am I eligible for quick loans bad credit online?

Does Monzi’s lender-finder service sound right for you? That’s great!

While we aim to help as many Aussies as possible, we do have four simple criteria that all applicants must meet before applying. See below:

  • 18 years or older.
  • An Australian citizen or permanent resident.
  • Have an active email address and mobile number so we can contact you.
  • Earned a regular income, deposited into an online banking account, for three previous three months.

How to apply for quick loans bad credit online?

Do you check all the boxes? You’re ready to apply.

We know your time is precious so Monzi has made applying easy. Just follow these steps to complete your application in no time. All it takes is:

Step one: apply online

Select the amount you wish to borrow as well as your ideal repayment terms. Then, enter the required personal details and hit submit.

Step two: the search

Once your application is received, our automated system will try to pair you with a potential lender willing to assess your claim. Applying during business hours and we might have an outcome for you in just one hour.

Step three: you get an outcome

Whether we find an available lender for you or not, we’ll be in touch to inform you of the outcome. If you’re successfully paired with a lender, they will contact you in order to perform an assessment of your claim.

Remember, lenders still need to assess your application. If you’re approved, your lender will send through a loan agreement.

Can I get quick loans bad credit online without a credit check?

No credit check loans are potentially available, however, it will come down to the lender you are paired with.

Credit checks are one tool lenders have at their disposal when assessing claims for quick cash loans bad credit Australia. They provide the lender with an idea of your history and reliability as a borrower. However, they are not always mandatory.

Some lenders may be willing to by-pass a credit check. In this case, they would assess your income and expenses to determine if the loan is affordable for you.

Unfortunately, Monzi cannot say with certainty if you will be paired with a lender offering no credit check loans. We aim to pair you with an available lender and they retain the right to conduct a credit check where they see fit.

As mentioned though, credit checks aren’t the be-all and end-all. Lenders may look at other factors when assessing your claim. In short, if you’ve got bad credit, you’re welcome to apply with Monzi.

Woman with curly hair searching for quick loans bad credit online

What information do I need for quick loans bad credit online?

In order to assess your claim, lenders will require a range of personal details and information which they will use to determine the suitability of the loan for you.

Supplying all the required information when asked is crucial to ensure you receive a quick outcome. Delays will result if your lender is required to chase up missing information.

So, before applying for quick loans with bad credit history, ensure you can provide the following information:

  • Personal details (name, phone number, etc.)
  • Loan information (how much your wish to borrow, your ideal repayment period)
  • Online banking details
  • Proof of employment
  • Any other relevant details (e.g. medical information, MyGov details)

Responsible lending Australia

As we’ve mentioned, all loan applications are subject to an assessment. The question you may be asking is: why?

Put simply, it’s due to Australia’s responsible lending legislation that all lenders must comply with. This legislation centres around the concept that lenders must not enter into a loan agreement with a borrower that is unsuitable for the borrower’s needs or circumstances.

In order to determine the loan’s suitability, lenders must take the following three steps when assessing an application for quick cash loans bad credit history.

  1. The lender must make reasonable inquiries into the borrower’s financial situation.
  2. The lender must take reasonable steps to verify the borrower’s financial situation (e.g. credit check).
  3. Based on the information, the lender must make a final decision as to whether the loan is suitable for the borrower.

For more details on Australia’s responsible lending laws, visit the Australian Securities and Investments Commission’s website.

Why Monzi for quick loans bad credit online?

While Monzi makes it simple, quick and easy to find a great lender, we understand if you’re still not convinced.

Luckily, there are a host of additional benefits that you’ll encounter when you apply with Monzi. Check them out:

Quick and easy application

Your time is valuable. To ensure you can get on with your day sooner, we’ve refined our application process. We only ask for the key details which means you can apply with Monzi in minutes. There’s no complicated paperwork or unnecessary information required.

100% online

Monzi’s lender-finder service exists only online. Simply apply through via our website and we’ll aim to find you an available lender to assess your claim. There’s no need to schedule a meeting, wait in a queue or complete mountains of paperwork. Monzi makes it easy.

Repayments that work for you

Our lenders may be able to offer repayments terms that suit your circumstances. Depending on the amount you borrow, repayment period periods may range from 12 to 24 months. Pay off your loan sooner or spread the costs over a long period, it’s up to you!

Not only that, you can make payments weekly, fortnightly or monthly. So, select the one that suits you best. For example, repay monthly if you receive your income on a monthly basis. However, it’s totally up to you.

A+ lenders

Monzi has worked hard to develop an extensive network of licenced, reputable lenders who do right by their customers. Put simply, you’re in safe hands with one of Monzi’s lenders.

All our lenders take their responsible lending obligations seriously and will do things by the book to ensure you are only ever offered a loan that is affordable for you.

Apply anywhere, anytime

Monzi’s website is live 24/7. That means you can apply at the time that suits you best. Whether you’re kicking back on the couch or on the way to work, you can apply with Monzi.

Do keep in mind however that applications received at night or on weekends may encounter delays as lenders typically only assess claims during regular business hours.

Your information is safe

Internet security heavyweights Comodo and McAfee help protect our online system. With their strong track records and excellent reputations you can be sure that your personal details are safe with us.

Contact us

If you have any questions about Monzi or our lender-finder service, don’t hesitate to get in touch. Email us at hello@monzi.com.au and we’ll do our best to get back to you with a prompt response answering any questions you might have. Although, keep in mind that this email address is typically only monitored during business hours.

For questions related to a loan you’ve agreed to, contact your lender directly. Monzi are unaware of the details of any loan agreements and as such, we will be unable to answer your questions.

What happens if my circumstances change?

If you find yourself unable to afford an upcoming repayment, contact your lender ASAP. Missing a repayment is ideal, however, with sufficient warning your lender may be able to work with you to manage the situation.

On a more serious note, if you lose your job or suffer a major injury that compromises your ability to repay your loan, you may be able to apply for financial hardship.

Lenders will have hardship departments equipped to manage these situations so make sure you contact them immediately. Typically, the process will be as follows:

  • You notify the lender of the hardship.
  • They will request evidence and supporting documentation.
  • Your hardship application will be assessed.
  • If approved, new payment terms will be implemented. If declined, your existing repayment terms will remain in place.

Apply today for quick loans bad credit online

Hunting quick loans bad credit? Monzi might be able to help. Apply today and we will do our best to match you with an available lender who can offer the cash you need. Apply now!

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


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%. The minimum and maximum loan term is 12 months. 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.

Loan amount

$2,001 - $4,600


13 months (minimum)

24 months (maximum)


48% Annual Percentage Rate (APR)

67.41% Comparison Rate p.a.


Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principal Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.

The Annual Percentage Rate (APR) for Secured Medium Loans is 48%. The Typical Comparison Rate is 67.41% p.a. The minimum loan term is 13 months and the maximum loan term is 24 months. 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 (minimum)

24 months (maximum)


21.24% Annual Percentage Rate (APR)

48% Comparison Rate p.a.


Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principal Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.

The Annual Percentage Rate (APR) for Secured Large Amount Loans is 48%. Maximum Comparison Rate is 48% p.a. The minimum loan term is 13 months and the maximum loan term is 24 months. 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.