Apply For Quick Loans Online Through Monzi

Quick loans online may be a convenient option if you have an urgent expense you need to cover. It can, however, feel difficult to know where to look. Luckily, Monzi’s lender-finder may be able to pair you with a potential credit provider in no time. Looking for quick cash online of up to $10,000? Get started today.

Quick loans online – what’s it all about?

Quick loans online are essentially what it says on the tin. In other words, they are personal loans that can be applied for online and processed quickly. Moreover, consumers may be able to access their quick cash the same day they apply.

Due to their speed and convenience, quick online cash loans may be popular among borrowers looking to cover an emergency or urgent cost.

These fast cash loans come in all shapes and sizes. The below table includes some of the more common examples:

Quick loans online AustraliaQuick easy loans online
Cash loans onlineInstant cash loans online
Quick loans online same dayQuick loans online bad credit
Online payday loans AustraliaQuick online cash loans no credit check

Please note, the examples in the table above may not reflect the actual loan you may be offered.

How can I make $100 fast without quick loans online?

It may surprise consumers how much extra cash they can make without taking out a loan. Especially these days, there are so many opportunities to make quick cash.

A few of our favourite ways to get quick cash are listed below.

Search your home and car

How many times have you lost a note or a few coins in your home? They must have gone somewhere, right?

A few nights out here, some leftover coins from the takeaway there, and you may find yourself sitting on a, albeit small, goldmine.

Here are some popular spots where money loves to go missing:

  • Behind the couch or between cushions
  • Underneath car seats or in the glovebox
  • Jacket and pants pockets
  • In the washing
  • Under your bed

Recycle for cash

You may be able to recycle glass bottles and cans for cash in certain states in Australia. Therefore, if you have a bunch of old tins sitting in your recycling, why not make a few dollars out of it?

Alternatively, go for a walk around your neighbourhood and pick up any glass or tins you find. Not only will you be helping the environment, but you may be able to make a few extra bucks on the side. Not bad right?

Jump online and see if there are any container recycling schemes near you.

Join Airtasker

Airtasker is a platform that quickly allows users to sign up and make cash. Once you sign up to Airtasker, you will see listings for jobs in your local area. Often, these are tasks that people simply do not have the time to do themselves.

Therefore, if you own a lawnmower and ute, or you’re a whiz at setting up flat-pack furniture, you could easily make some fast money in your local area.

One of our favourite tactics is to offer a post-party cleaning service. All you need to do is get some gloves, cleaning equipment and a spare couple of hours.

Sell things online

If you’re anything like us, your house is full of unwanted and disused items. Luckily, with platforms like Facebook Marketplace and Gumtree, it has never been easier to sell your old things online.

In short, all you need to do is:

  • Take a photo of the item you’re looking to sell.
  • Upload the photo to the platform and provide a description.
  • Wait for the offers to roll on in.

Understandably, consumers may need the money more urgently than what the above options can afford. As a result, you may need to consider looking for fast credit online. Luckily, Monzi’s lender-finder service may be able to point you in the right direction.

Quick easy loans online through Monzi

Has life thrown you some lemons? Are you trying to make lemonade? Well, if you need cash to pay for the juicer, consider Monzi.

Our lender-finder service may be able to pair you with a credit provider in no time. See, we’ve been in the lender-finding game for a while now. Over this time, we’ve built up a strong network of trusted credit providers. Moreover, our lenders could potentially offer quick loans online of up to $10,000!

Easy application process

The first thing you’ll notice about Monzi is how easy it is to lodge an application; this is no coincidence.

In short, we’ve designed our application process to be as simple and as streamlined as possible. After all, if you’re looking for quick online approval, chances are you want a lender that actually moves quickly.

So, when you lodge an application on our website, you can be sure it’ll be:

  • Easy
  • Quick
  • 100% online
  • Paperwork free

Do I qualify for Monzi?

Just make sure you meet the below eligibility requirements before applying:

  • Need to be at least 18 years old.
  • An Australian Citizen or Permanent Resident.
  • Have a personal mobile number and email contact.
  • Need to have earned money into a personal bank account for the past 90 days.

How do I apply for quick loans online?

As we mentioned above, Monzi’s lender-finder service is straightforward and easy to use. In fact, you could be paired with a potential lender in three easy steps. Here’s how it all goes down.

Step one

Get started by, obviously, heading to our website. Next, select the amount and repayment terms you would like to apply for in the loan slider.

Pay attention to the estimates of what your weekly, fortnightly and monthly repayments may look like. Keep in mind, however, this is just a guide; the actual cost of your loan may vary.

Finally, once you are happy with your selection, click Apply Now.

Step two

Applicants are now taken to the submission form. We only ask for essential details, so you should be able to complete this in a jiffy.

Moreover, our smart automated system can digitally access a lot of the information we need. Therefore, our application process is generally 100% paperwork free.

Once you fill in everything we need, submit your application.

Step three

Now it’s our turn to get to work. We’ll start trying to pair you with a lender after you submit your application. Depending on when you apply, we could potentially provide an outcome within 60 minutes. This is, however, only during regular business hours.

If we pair you with a lender, they’ll assess your application and get in contact if they can make an offer. Make sure you check what they offer, as it may not be exactly what you applied for on Monzi’s website.

Finally, the lender sends through a digital loan contract, contingent on approval. Lenders transfer funds after you approve your contract.

Quick loans online racing fast brown dog

Will I receive quick loans online same day?

It is absolutely possible to receive your loan the same day you apply. However, there are too many variables at play for Monzi to guarantee it will happen.

Moreover, your access to funds may be affected by:

  • Weekend transfers. Certain lenders may be able to offer weekend loans, but this is by no means a blanket rule. Therefore, if you approve your contract over the weekend, you may not receive your funds until the next business day.
  • Banking rounds. Lenders may have rounds of banking throughout the day when they process loans. Often, the final round of banking will be towards the end of the day. As a result, if you approve your contract after the final round of banking, you may not receive funds until the following business day.
  • Inter-bank transfer times. Transfers between certain banks will be quicker than others. Therefore, who you bank with may affect how quickly you’ll see your funds.
  • Stalled applications. Lenders may need to pause assessing your application if they need to chase you up for additional information. As a result, always aim to provide all relevant information the first time you apply. For example, include vehicle details for secured loans, or your myGov details if you receive Centrelink.

Can I apply if I have bad credit?

Of course! Unlike other, more traditional lending institutions, Monzi works with credit providers that consider the whole picture.

In other words, we work with lenders that live in the real world; they understand that a few bad credit listings in the past are not a true reflection of the borrower you are today.

Specifically, instead of focussing on your credit history, lenders will assess your loans online bad credit application by:

  • Your income
  • Expenses
  • Banking history

What are the best online loans for bad credit?

It depends on what you mean by best. In short, different borrowers may value certain aspects of a loan over others. Therefore, it is important to weigh up what is important to you as a borrower.

For example, you may want to consider the following when applying for instant cash loans online:

  • Interest rate. Obviously, the interest rate charged on your loan will have a big impact on how much you’ll repay.
  • Fees and charges. Always check what fees are charged on the loan product. Specifically, consider upfront charges like establishment fees, as well as ongoing charges, like a monthly fee. Remember to consider the comparison rate to figure out the true cost of the loan.
  • Repayment terms. Depending on the lender, as well as the loan product you take out, your repayment terms could range from several months to years. In addition, check whether you can choose a weekly, fortnightly or monthly repayment schedule.

Can I apply for quick loans online no credit checks?

While Monzi, as the lender-finder, will not credit check your application, the lender you’re paired with might. Therefore, we cannot guarantee you’ll be offered quick loans online no credit check.

Keep in mind, a credit check may be part of a lender’s assessment procedures. Moreover, Monzi cannot speak to the policies of separate companies. In short, a credit check may occur on your application.

While lenders may conduct a credit check, they will often be able to focus on other aspects of your application. Specifically, lenders will aim to assess your current relationship with money by accessing read-only copies of the last three months of your bank statements.

Can you find payday lenders online?

While there are many payday lenders advertised online, Monzi may not be able to pair you with one. Instead, Monzi will try and match you with a lender potentially offering quick personal loans online.

Payday lenders are often only available for small amounts of $2,000 and under. In addition, many payday lenders may offer short repayment periods of as little as four weeks.

How can I get a small loan fast?

Do you need a little bit of extra cash to help you through a financial storm? You could consider applying for a small personal loan. Here’s how you can do it:

  • Head to our website and select any loan amount of $2,000 or under.
  • These loans are unsecured, so you will not need to nominate one of your assets as security.
  • If your application is approved, lenders will send through a loan contract.
  • Read through your contract thoroughly and only approve it if you are happy with all aspects of your loan.
  • Lenders transfer funds once you approve the contract. Access to funds is dependent on inter-bank transfer times.

Comparison rates explained

Comparison rates are a great tool for consumers trying to compare different loan products. In short, comparison rates help you work out the true cost of a loan.

These rates are calculated by reducing the loan’s interest rate, plus most of the fees and charges down to a single percentage figure.

Here’s an example of how comparison rates are calculated.

Personal loan

  • Interest rate = 9%
  • Fees and charges = 0.5%
  • Comparison rate = 9.5%

While comparison rates are indeed an incredibly useful tool, they may not be the only thing to consider. For example, comparison rates may not include certain fees and charges, and as a result, may not be an accurate reflection of the loan costs.

In addition, there may be other loan features that are important to you. For example, having flexible repayment terms, or the ability to re-draw on top of your loan may be worth considering.

Can I apply for fast cash for unemployed?

Yes, however, you will need to show you are earning a consistent income.

If you are unemployed, this may typically come in the form of Centrelink payments. Although, individual lenders may have their own rules around the type of benefit they can accept, and potentially guidelines around what percentage of your income they make up.

Therefore, Monzi may be able to match you with a credit provider possibly offering fast cash loans for Centrelink customers.

Quick online loans no paperwork

When you apply, you’ll notice we ask you to provide your internet banking details. Don’t stress – this isn’t some elaborate ploy to steal your information; quite the opposite, actually.

When you provide your banking logins, our system can digitally access the last three months of your bank statements. By doing this, lenders can quickly get a confirmation on your regular income, expenses, and how you handle other commitments.

Moreover, lenders can get a feel for you and your current financial situation. Therefore, they can stress less about your credit history.

Oh, and the security question? Let’s assuage your concerns; Monzi has employed both internet-security providers McAfee and Comodo to ensure your information is always kept safe, secure and encrypted. In other words, there is no cause for concern.

How can I get a loan instantly?

While nothing happens truly instantly, lenders may be able to offer instant cash loans that are processed so quickly, they’re the next best thing.

In short, fast cash lenders will aim to assess your application as quickly as they can. If the application is approved, these lenders will aim to process the funds ASAP. Depending on the lender, you may receive your fast cash loan the same day you apply.

What quick loans online can Monzi find me?

Technically, we don’t find you loans, we find you a lender. However, our network of lenders may be able to offer the following three categories of loans:

Small personal loans of $300 to $2,000. These loans are unsecured and may have a repayment period of 12 months.

Medium amount loans range from $2,100 and $4,600 and are secured. Therefore, you will need to own a car, motorbike, caravan or boat, and be willing to use it as collateral. In addition, the repayment terms may range from 13 to 24 months.

Large personal loans are between $5,000 to $10,000. And, just like medium loans, are secured and have repayment terms of 13 to 24 months. Moreover, you may be eligible for even larger loans of up to $30,000 if you meet certain criteria.

Finally, be aware repayment terms may vary depending on the lender you’re paired with.

What will the cost of my loan be?

As the lender-finder, we cannot really shed any light on how much your loan will cost. After all, lenders may all vary in what they charge, and we cannot speak on their behalf.

What we can say, however, is your regular repayments may be composed of:

  • The principal amount
  • Interest
  • Upfront fees
  • Ongoing fees
  • Any penalty fees if applicable

Experiencing hardship?

If your repayments are causing you undue hardship, you can call the Financial Counsellors hotline on 1800 007 007. Open between 9:30 am to 4 pm Monday to Friday, consumers can access free and professional financial counsel.

In addition, you may be eligible to apply for financial hardship with your lender. You will first need to get in contact with your lender and supply evidence of hardship. This could be bank statements showing a reduction in income, or a medical certificate if you were badly injured and can no longer work.

If your lender approves your hardship application, you’ll be offered an alternative repayment plan.

Ready to apply?

Let’s go!

All applications take place online.

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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


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%. 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

24 months


48% annual percantage rate

67.41% comparison rate p.a.


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

The Interest Rate for Secured Medium Loans is 48%. The Typical Comparison Rate is 67.41% p.a. 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

24 months


21.24% annual percantage rate

48% comparison rate p.a.


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

The Interest Rate for Secured Large Amount Loans is 48%. Maximum Comparison Rate is 48% p.a. 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.