Quick Loans Now – Monzi Talks Fast Cash

As the world becomes increasingly more digital, it has never been easier to obtain quick loans now. You don’t need to make a trip to your local bank branch and file an application in person before waiting potential days for approval. Instead, it may be possible for you to apply online in the morning and have cash in your account by the evening.

Monzi is working to speed up the process of applying for quick money loans through our lender-finder. So if you’re looking for fast easy cash loans, we may be able to help you out. But first, let’s discuss everything you need to know about quick loans.

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.

What makes a loan quick?

You will need three main things from your lender and the application process to obtain quick loans now. These are:

  1. An online application process: Being able to apply online is going to save a lot of time. If you need quick loans now, you most likely don’t have time to deal with a bank face to face.
  2. Minimal documentation: paperwork and hard copies waste time and resources. You want to be able to upload only the necessities when trying to complete an application for fast loans.
  3. Reasonable lenders: life happens, and you want a lender that is willing to listen. You want to explain yourself as a person, not just the information on your credit report.

Finding a lender or loan that caters to these three details is going to significantly fast track your application. Luckily for you, Monzi can offer all three. Our application is 100% online and paperwork free, and our network of lenders can see beyond your credit score. To see if we can help you, apply with us today or contact our team at hello@monzi.com.au.

Where can you get quick loans now?

There’s nothing quick about a trip to the bank. Traffic, waiting, paperwork processing. If you want quick loans now, then you want an online application. Being able to apply for a personal loan online can potentially be a godsend. Got a burst pipe, but not the cash to cover the plumber? If you apply at the beginning of the day, you may have the issue resolved by the day’s end.

This is why Monzi is 100% online. We can potentially match you to a lender in as little as 60 minutes to push your loan process forward fast. However, we aim to inform. This means that we will tell you about the other options available. Depending on the type of loan you are seeking, certain banks may help out with small personal loans. These could be either online or in the branch. However, due to the nature of banks and other financial institutions, you may be subject to stricter criteria. This is why online applications for private loans through individual lenders may be more beneficial when your goal is quick cash now.

Same day cash loans

Monzi can’t speak on behalf of every lender in circulation. However, we can tell you about how we may be able to help. When you apply for a personal loan through our lender finder, there is potential for you to receive same day cash loans. This does depend on a couple of factors:

  • The time you apply
  • Whether you meet the lender’s criteria
  • Bank transfer times

We can only match you to a Monzi lender in as little as 60 minutes if you apply during office hours. Whilst you can put your application through 24/7, you won’t match outside the business hours window. Meaning if you apply at midnight on Friday, you are unlikely to match until Monday morning. If you meet the lender’s criteria for your requested amount and sign their contract, the loan moves ahead. However, if there are complications with your application, this will slow the process. Finally, if you apply and sign the contract all in one day, the money transfer is the last step. Banks can’t transfer money outside business hours. So even though you may receive approval within the day, the funds may not arrive in your account until the following day.

Please be patient with our staff, lenders, and your bank. We always try to do right by you; however, sometimes, you may have to accept that you won’t receive same-day cash for reasons beyond our control.

How can you get a loan ASAP?

Despite the previous question’s answer, there may be some steps you can take to improve the speed of your application process. If you seek to obtain quick cash now, do your best to work with us, not against us. The following steps will help with an application through Monzi but may also be helpful in other circumstances. To help get a loan as soon as possible, try:

  • Placing your application at the beginning of the day. This way, you will increase your chances of receiving your money by the day’s close.
  • Ensure you have the means and credit to qualify for your desired amount. While Monzi lenders can work with low credit scores, you are more likely to receive fast approval if you request an amount within your means.
  • Have all your requested paperwork ready to go. Monzi doesn’t ask for much; however, if you have it assembled from the get-go, this may help your application.

We can’t make you any guarantees as to when you will receive your money, nor can any other financial institution or independent lender. However, working together may benefit everyone involved.

What’s an emergency loan?

An emergency loan is a loan you apply for in a pinch. They are for problems that need a quick fix for life to continue as usual. Whether it’s to cover bad weather damage or medical bills, emergency loans can come in handy.

Some lenders may offer loans specifically for use in an emergency. However, Monzi personal loans can easily double as emergency loans. This is because our application process is quick, and most of our lender’s approval criteria is reasonable. The great thing about personal loans is that they can be any sort of loan you may need, generally with the exception of a mortgage loan or other large loans.

Please note that if you are tight on money and in an emergency, there may be other ways to get help before applying for a loan. It is best to investigate other options you may have, including credit cards, no interest government loans, and Centrelink aid. Creating more debt in an emergency is only creating a secondary problem.

Quick loans now: Borrow cash instantly

Whether or not you can borrow cash instantly depends on your definition of instant. Instant cash loans are typically another name given to same day approval loans. Meaning you are likely to receive the money if approved, on either the same day or the following day.

For this type of loan, your application may need to be online. Monzi does not claim to offer instant cash loans. However, our goal is to help you out as quickly as possible. If you are interested in quick loans now, why not give the Monzi lender-finder a try and see how we may help.

What can you use quick cash for?

Quick cash loans, or as Monzi calls them – personal loans – can serve a plethora of purposes. You can use a personal loan for:

The list could be endless. Before you take a loan, however, it is worth considering a couple of things. Firstly, do you need a loan for the purchase or payment you intend to make? Whilst a loan may get you certain things faster, sometimes owning this purchase without attached debt may feel much better. The second is whether the current state of your credit can handle another loan. Maybe you know you are unlikely to get approved, and an application could hurt you further. Or perhaps you are already paying off a house and a car, and it would be unwise to add to it. Consider your position rationally before taking any loan.

If you are struggling with loans or debt in general, it may be worth browsing the government’s MoneySmart site for further information. Or, if you feel you need more hands-on help, you may be able to access a free financial advisor through the National Debt Helpline.

Do you need good credit for quick cash now?

The state of your credit score may be more influential at some financial institutions than others. For example, if you go to one of the big banks, you will likely need a score that is at least within the ‘good’ range. However, if you were to operate through a lender in Monzi’s network, your credit history may not be as important. This is because our lenders may be more willing to look at the bigger picture.

Generally speaking, the more you intend to borrow, the better your score will need to be. So, if your credit report is looking somewhat sad, it will be more likely that you will receive approval for a smaller amount. One possibility our lenders may have on offer is the ability to counteroffer you. For example, if you have a poor score and apply for $10,000, your lender may come back to you and say you don’t qualify but may instead be eligible for $2,000. This way, rather than being rejected upfront, you still have the opportunity of receiving some cash. Ultimately, no, you may not need good credit for quick loans now.

Bad credit personal loans

When you apply for a personal loan with bad credit, the Monzi lender’s may look at several things outside the state of your credit report. These generally include your income and expenses. In addition, your lender will want to know about your cash flow. What’s coming in and going out? They may also look to see how much existing debt you are in. If you can secure the loan you are applying for; this could improve your chances.

Monzi cannot make blanket statements about whether or not you will qualify if you have bad credit. This is because everyone’s situation is different, and as is each of our lender’s criterion. We can say, however, that our lenders are reasonable people. They may be willing to hear you out and look at the bigger picture regarding your application. If you would like to see if our lenders can help you, why not get started on an application? Our lender-finder service is entirely free for you to use.

Quick loans now

Do you need a credit check for quick loans now?

When you’re searching for quick loans now, a credit check may not be required. However, if your lender does request a credit check and your score isn’t too crash hot, this doesn’t mean you won’t be approved. Sometimes it is in the lender’s operation requirements to conduct a credit check. However, just because this is required does not mean that the outcome of your application hinges on this check.

If you are only applying for a small amount of money and can demonstrate recent good habits you have been working on, your lender may view this positively. However, due to the time certain acts remain on your report, it is possible to be struggling with past mistakes from several years ago. Our lenders know that past mishaps don’t have to define you. However, if you are intensely against the idea of conducting a credit check, you may be able to apply through our lender-finder again. This would mean that we could potentially match you with a lender who doesn’t require a credit check at all. However, Monzi cannot guarantee that your next match will be with a different lender. Too many credit applications can also potentially show on your credit report, so think carefully about your decision.

Payday loans

Payday loans are an option some people turn to when looking for quick cash now. The idea of online payday loans is that they are a small amount of money designed to support you between paycheques. The repayment term on payday loans can be as little as two weeks. However, the accompanying interest rate is usually relatively high.

The main issue with payday loans is that they make it very easy for you to fall into a debt cycle. If you feel a payday loan is the best course of action for obtaining quick loans now, ensure you properly weigh up the pros and cons of this decision. Monzi does not offer payday loans. However, if you are looking for personal loans, we may be able to help.

Personal loans

Personal loans are slightly different from payday loans because they can give you access to a more significant amount and longer repayment terms. If you were to take small personal loans, you could use them in the place of a payday loan, as personal loans can be for anything you like. Personal loans may also be cheaper and less risky in the long run than a payday loan. However, they are not without their risks.

At Monzi, our payday loans come in three sizes Small cash loans, medium loans, and Large personal loans

These are just a guide as to what may be available to you. Your lender’s terms may vary slightly. If they present you with a contract, your lender should clearly outline their terms. You do not have to sign by any means if you change your mind or dislike the presented terms of the contract.

How fast can you get a large loan?

If by a large loan you mean a considerable loan amount with Monzi, you could potentially have cash in the bank on the same day. However, a significant loan amount may require collateral, extending the amount of time it takes to finalise the process. If you know what you are planning on using as security, this could improve whether or not you can get quick cash now. Having a reasonably good credit score may also be beneficial to whether or not you can receive same-day cash. However, it ultimately depends on your lender and their process.

If you seek a home loan or a larger loan, you may have to wait multiple months for approval. This is because these types of loans require an immense amount of paperwork and checks to move ahead. You will also most likely need a reasonable deposit for a loan like this. Ultimately, it depends on the type of the loan and how large it is regarding how much time it will take to complete.

What do you need to apply?

We can’t speak for every other lender. However, Monzi doesn’t require much for you to begin placing your application. To get started with us, you will need to be at least 18 years old and an Australian citizen or permanent resident. Permitted you can prove this; you’ll need to have a valid mobile number and email address and bank statements showing a regular income for the past three months.

It’s that simple. Once you match with a lender, they may ask you for further information. However, generally, it is as easy as that.

Can you get quick cash if you are unemployed?

In some circumstances, if you are periodically unemployed, you may still qualify for quick loans now. However, you will need to be able to prove that you have had a regular income coming from somewhere for the past three months. There are several locations you may be receiving money from that qualify as a regular income. However, this is dependent on the lender.

It may also help your case if you are actively looking for a job or not far away from starting a new career. This is not guaranteed. However, it could be worthwhile truthfully explaining your situation to your lender. Naturally, it is always wiser to explore all the available options before seeking a loan.

Can you get quick cash if you are on Centrelink?

Yes, depending on the lender, you may be eligible for quick cash now whilst receiving Centrelink payments. However, you may need to show that you have strong budgeting and saving skills if you choose to apply while Centrelink is your primary source of income.

You may not receive approval if you support a family on this payment and do not have enough budget flexibility for loan repayments. If this is the case and you are struggling to get by, you may get a cash advance from Centrelink instead of a loan. There is always help, don’t put yourself or your family into more debt if you can avoid it.

How easy are quick cash loans?

It can be super easy, from start to finish, to get quick loans now. This does depend on the lender or lender-finder that you choose to use. If you apply with Monzi, we can say that, for the most part, our quick cash loans will be as simple as they can be. However, please note that sometimes you simply may not be able to obtain a loan. This is because our lenders must ensure you can repay your loan by law. If this is the case, please be respectful to your lender and our team. A denied application is always in your best interest.

Why might you need a quick cash loan?

There are several reasons a quick cash loan may be in order. Of course, this will depend on your circumstances. For example, you may take a personal loan in the place of a travel loan, or maybe you require it for dental loans. Perhaps it could be for the upkeep of your furry friends via a vet loan.

We hope that your loan will help you to better your situation. Whether that means completing renovations, making memories, or helping your out when work is low. Remember that a loan may not be the best option in the face of certain life changes. This is okay, and there is always help out there to get you through.

Quick cash loans through a lender finder?

When you need quick loans now, you may not immediately think to use a lender-finder to help get the job done. If you don’t want to go through a financial institution as you believe you won’t qualify, you may require an individual lender. However, the issue with this is that it can be tough to find an individual lender to help.

This is where the Monzi lender-finder comes in. We will do our best to help you get approval via an entity separate from a financial institution. Thereby saving you potential hours for google searches trying to find the right lender for you. We also offer a rough idea of the information you will need to present and what personal details you will need to align with to apply. That way, we’re saving you time if you are ever in a situation where you need quick loans now.

How can Monzi help with quick loans?

Monzi can help by finding you an individual lender for your desired loan amount, in as little as 60 minutes. If you need quick loans now, our service is free to use and 100% online. To start, you will need to:

  1. Click ‘apply now’ or scroll up to our slider and choose your amount. From there you will have to provide us with some extra information.
  2. Once you’ve filled out the required fields, we will get to work to find you a lender who may be able to help.
  3. If we’re successful, your lender will be in touch to take over from us. Here’s to hoping your application gets the desired outcome.

Keep in mind that we aren’t lenders. Rather, we are an intermediary working to help remove the hassle of finding a private lender on your own. Once you progress to your lender, we can still help. However, the majority of your questions should go to your lender.

Want to keep in touch?

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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


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.