Quick Loans Up To $10,000 Straight Into Your Pocket

Quick loans assessed the same day you apply? You may even have access to your cash within 24 hours. Interested? Monzi’s lender-finder service may be able to match you with a quick money lender!

Smiling woman in flower crown thinking about quick loans

Why choose Monzi?

Why come to Monzi for your quick loans needs? The answer is pretty simple – we make life easy.

You’d be joining thousands of Aussies who love the service Monzi provides. Don’t just take our word for it. Here’s what keeps Monzi customers coming back again and again:

Monzi works quicklyOur automated system may be able to start scanning through loan products within minutes of lodging your application.
Super speedy applicationMonzi only asks for the essential information. Therefore, you consumers can complete our no-nonsense application in minutes.
Intelligent automated systemWe scan through hundreds of different loan products to try and find a lender tailor made for your situation.
Cash in your pocket, pronto!We work with lenders that aim to get your loan to you ASAP!
Fresh take on financeWe’re a young company – run by Aussies, for Aussies.

Who is Monzi?

Keen to find out what all the hype is about? Well, it’s us – Monzi Loans.

In short, we’re a lender-finder here to make your life easier – plain and simple. In particular, we’ve made it our mission to connect everyday Australian consumers with quality online lenders.

We realised Australia needed a service like ours. After all, the sheer number of available online lenders can be confusing and at times, overwhelming. It can be difficult for consumers to know where to turn.

Monzi has done the searching, so you don’t have to. Over time, we’ve built up a strong network of trusted lenders. Therefore, if you’re matched with a lender through our service, you can be sure they’re a reputable and trusted credit provider.

Easy access to quality lenders? That’s the Monzi promise.

What are quick cash loans?

Quick loans can be processed and transferred straight into your account. Depending on the lender, consumers may even have access to their loan the same day they apply?

Being able to spend your cash the same day you applied for it? That’s quick!

Quick cash loans offered by Monzi’s network of lenders may range from $300 to a massive $10,000! Therefore, we can cater to any budget.

The repayment terms on your loan will vary depending on the lender, as well as the loan amount. Generally, you and your lender will agree on a repayment schedule and, from there, a direct debit will be set up from your account.

What are the different quick loans in Australia?

If you’re looking for quick access to cash, you may want to consider a short term loan. After all, loans from traditional lenders like banks and credit unions may take days to be processed. Additionally, if you have poor credit or receive Centrelink, it may prove to be difficult to get approval from a traditional lender.

There are, however, a few main types of short term loans Australia. These lenders may be able to transfer your loan the same day you apply.

Monzi is here to break these lenders down. Therefore, consumers can get an idea of the options available to them, and make a decision accordingly.

Payday lenders

Payday loans are high-cost, short-term loans, usually available at $2,000 and under. In particular, these loans are intended to be used as a solution to a temporary cash shortfall. These loans are then repaid out of the borrower’s future paychecks (hence the name).

Often, payday lenders will not conduct a credit check on your application. As a result, they are an option for people with bad credit.

Payday loans, however, have been criticised for high fees and charges. In addition, the short repayment terms (sometimes as short as 4 weeks) may result in high and unmanageable regular repayments. Finally, if borrowers are unable to repay their payday loan on time, they may be charged additional fees!

Unsecured quick personal loans

Personal loans differ from payday loans in a few key areas. In particular, quick personal loans often have repayment terms of at least several months. As a result, the regular repayments may be much more manageable compared to a payday loan.

Unsecured personal loans are generally valued at $2,000 and under. As they are unsecured, borrowers will not have to attach any asset as collateral against the loan.

Secured personal loans

Secured quick personal loans can range anywhere from $2,100 to $10,000! Additionally, these loans will have repayment term ranging from several months to years!

These loans, however, are secured. As a result, borrowers will need to attach one of their assets as collateral against the loan. Usually, lenders are able to accept your car, motorbike, caravan or boat as security.

What are the best quick loans?

While we are the lender-finder experts, it is almost impossible to say which quick money loans are the best. After all, everybody’s situation and objectives are different!

As a result, the best loan product for one consumer, may not be the best for another.

Therefore, before you browse for loans online, you will need to weigh up what is important to you as a borrower. You may want to consider the following.

  • Do I own an asset I can use as security?
  • Do I want a larger loan or smaller loan?
  • How long do I want my repayment terms to be?
  • Do I want to be able to top-up my loan?

What can Monzi find me?

As we’ve mentioned above, Monzi aims to match you with quality lenders. In particular, we have a network of lenders that offer both secured and unsecured personal loans ranging from $300 to $10,000.

LoanAmount (AUD $)Repayment Terms
Small unsecured personal loan$300 to $2,00012 months
Medium secured personal loan$2,100 to $4,60013 to 24 months
Large secured personal loan$5,000 to $10,00013 to 24 months

The actual repayment terms of your loan may vary depending on the lender you’re matched with.

Keep in mind, Monzi does not work with payday lenders. Put simply, we are only able to pair you with lenders offering personal loans.

How do I get quick loans online?

A lot of quick cash lenders will be available online. In other words, you can apply, have your application assessed, and your funds transferred without ever leaving your house!

  1. Head to www.monzi.com.au.
  2. Select your ideal loan amount and repayment terms in loan slider.
  3. Click Apply Now.
  4. Fill in all relevant information in the submission form.
  5. Our smart system will scan through different loan products.
  6. If we successfully pair you with a lender, we’ll let you know.
  7. The lender will get in touch with you directly.

How long does it take to see the $$$?

Monzi works with lenders that have convenience and speed at the front of their mind. However, there are some variables that can affect when you’ll be able to access your cash. Therefore, if you’re looking for quick loans same day, understanding these variables may improve your chances.

  • Correct information. Aim to provide all relevant information the first time you apply. Otherwise, lenders may have to postpone the processing of your loan until they have everything they need.
  • Banking rounds. Be aware most lenders have rounds of banking throughout the day where they can transfer your funds. Therefore, if you miss the final round of banking, your loan may not be transferred until the next business day.
  • Weekends. Lenders may not be able to process applications or transfer funds over the weekend.
  • Inter-bank transfers. Certain banks handle transfers like these differently. As a result, your banking circumstances may affect how quickly you can see your loan.

How do quick loans work?

If you’re matched with a quick cash lender, they’ll conduct an assessment of your application. Next, if you’re approved, they’ll send through a digital loan contract.

If you approve your contract, your lender will begin transferring your funds. As mentioned above, there are certain factors that may affect how quickly you’ll be able to see your cash. After you receive fast personal loans, you can use them to cover almost any personal expense.

Finally, a direct debit will be set up from your bank account. Then, your repayments will automatically be deducted on an agreed upon payment schedule.

Once you have fully repaid your loan, the direct debits will automatically cease.

What is a comparison rate?

You may notice comparison rates as you browse for credit online. Comparison rates are simply a tool that allows consumers to quickly work out the true cost of a loan and compare it against other loan products.

Comparison rates reduce down to a percentage figure a loan product’s interest rate as well as most of the fees and charges. Therefore, you can easily compare loan products from different lenders.

How is a comparison rate calculated?

Comparison rates are calculated by taking in the interest rate plus most of the fees and charges of a loan and reducing them down to a single percentage figure. It is important to note, however, that the comparison rate may not factor in a particular charge if it may not apply to all borrowers. Late payment fees are one example.

A very basic example of how comparison rates are calculated is shown below.

Interest rateFees & chargesComparison rate
Loan 19%0.5%9.5%
Loan 29.25%0.1%9.35%

As you can see, loan 2 will be cheaper than loan 1, despite loan 1 having a lower interest rate.

The above table is a simple demonstration. The figures presented do not, in any way, reflect the rates you may be charged on your actual loan.

Are there guaranteed approval quick loans?

There may be certain lenders advertising a guarantee on loans no matter what. Consumers should, however, be very cautious of any lender advertising guaranteed approval.

Why? After all, guaranteed approval could help so many people in tough situations? Why is it a bad thing?

Put simply, lenders are required by law to assess whether or not a loan product is suitable for the consumer. In particular, an unsuitable loan product would include if the consumer is unable to afford the repayments, or can only do so under serious financial pressure.

Therefore, if a lender approves your application for quick cash loans no matter what, and you are then unable to afford the repayments, they are going against ASIC’s responsible lending obligations.

This is why any lender Monzi pairs you with will conduct an assessment of your application.

How to handle dodgy lenders

Are you concerned you’re dealing with a less-than-reputable lender? If so, there are some steps you can take to protect yourself.

  1. Cease all contact with the lender. Do not provide them with any additional information or move further in the application process.
  2. Call your bank to report your suspicions.
  3. Consult ASIC’s list of companies you should not deal with.
  4. Check whether the credit provider is licensed by ASIC. You can do this by consulting the professional register, or calling ASIC’s infoline on 1300 300 630.
  5. Report the lender to the correct authority. You can find a list of agencies on the Moneysmart website.

Using Monzi’s lender-finder

Our lender-finding service may be a great way to get in contact with a quality lender. Depending on when you apply, our automated system might be able to start scanning through lenders within minutes of you submitting your application.

The best part? Using Monzi couldn’t be any more simple or straightforward. In short, we’ve designed our entire platform to be as as streamlined as possible.

Submit an application

The first step is to submit an application. To do this, consumers just need to scroll up to the loan slider. Next, select the amount you’re thinking of borrowing, as well as your ideal repayment terms.

You’ll be given a rough guide to what your weekly, fortnightly and monthly repayments may look like. This, however, is just a guide. The actual cost of your loan may vary depending on the lender you’re paired with.

Finally, once you’ve clicked Apply Now, you’ll be taken to our submission form. We only ask for the essentials, so this may only take a few minutes to complete.

Put your feet up

Once you submit your application, we’ll be able to take it from here. Our automated system will begin scanning through hundreds of different loan products. In particular, we’ll aim to match you with a lender whose assessment criteria suits your application.

If we successfully pair you with a lender, we’ll let you know. Next, your new lender should be in contact with you directly.

If we can’t find you a lender today, we’ll also let you know as soon as possible. Therefore, you can get on with the rest of your day.

Meet your new lender

Your new lender should now be in touch. The next step is for your lender to assess your application. If you’re approved, you’ll be sent through a digital loan contract to read over and sign.

It is, however, very important you read through your loan contract closely. In particular, pay attention to the terms of your loan, as well as the payable fees and charges associated with your loan.

If you understand and are happy with everything in your contract, go ahead and approve your contract digitally. On the other hand, if you don’t understand something in your contract, get in contact with your lender. Generally, they should be able to walk you through all aspects of your loan.

Finally, remember you are under no obligation to approve your loan contract – financial or otherwise. If you are unhappy with anything in your contract, you are free to simply decline the offer and walk away.

Quick small loans explained

If you just need a little extra cash to play with, you could consider applying for a small personal loan.

Quick small loans are valued at $2,000 and under. Generally, these unsecured small loans have a repayment period of 12 months. However, repayment terms may vary depending on the lender you’re paired with.

Secured quick loans explained

If you need something a little larger, consider applying for secured loans. Monzi works with lenders that offer both medium ($2,100 to $4,600) and large ($5,000 to $10,000) secured personal loans.

These bigger loans can do much more than cover a temporary cash shortfall. You could, instead, use your medium or large personal loan to help fund your small business, cover holiday expenses, or even use it to repair your car.

What can I use as security?

Generally, lenders are able to accept your car, motorbike, caravan or boat as security.

Keep in mind, you must be the registered owner of the vehicle you wish to use as security. If you are not the registered owner of a vehicle, you may be unable to apply for a secured loan.

Why secured loans?

If a borrower simply cannot repay their loan, the lender is able to repossess and sell their asset to recoup some of their losses. As a result, attaching an asset as security reduces the risk posed to the lender.

Because of the reduced risk, lenders are often able to offer larger amounts of credit, as well as reduce the interest rate.

What happens if I cannot repay my secured loan?

If you cannot afford the repayments on your secured loan, your asset may be repossessed by the lender. However, this is often the last resort for the lender.

Additionally, borrowers have certain rights when it comes to repossessed goods. For example, the repossession process can only start if:

  • the borrower is behind on their repayments; and
  • the lender has provided the borrower with a default notice, giving 30 days to pay the overdue amount; and
  • overdue amount is not paid, nor is a resolution negotiated or a request to postpone repossession lodged within the 30 period.

Again, it is important to stress lenders only take the repossession route if all other avenues have been exhausted.

If consumers are having difficulties affording their contractual repayments, they need to get in contact with their lender as soon as possible. They may be able to reach an agreement with their lender.

Will Monzi find loans with no credit check?

As the lender-finder, Monzi will not conduct a credit check on your application. Instead, we will simply aim to match your application with an appropriate lender.

Monzi cannot guarantee whether or not your lender with will perform a credit assessment. After all, it is completely at the discretion of the lender themselves, and their own assessment procedures.

People who search terms like quick cash loans no credit check or quick loans no credit check, may feel their poor credit will get between them and approval. This is, however, simply not the case.

With Monzi in particular, we aim to work with lenders that are understanding of less-than-perfect credit.

Can I get approval for quick loans while on benefits?

Again, as we are the lender-finder, we cannot speak to the individual approval criteria of the lenders themselves. What we can say, however, is receiving Centrelink benefits may not automatically disqualify you from approval.

Lenders will examine your income and expenses when assessing your application. If you receive regular Centrelink benefits (and have been for the last three months at least) you may still be considered for approval.

This is because some lenders may be able to regard regular Centrelink benefits as income.

And if I’m unemployed? Can Monzi help?

You can absolutely use Monzi’s lender-finder service if you are unemployed.

However, you will need to show you are receiving a regular and consistent income. Often, this can be in the form of regular Centrelink payments. However, this can also include owning income-earning assets, like a rental property.

In essence, borrowers will just need to show their regular income will comfortably cover both their usual expenses as well as their contractual repayments. If lenders are able to see this, they may consider your application for approval.

However, it is important to note Monzi cannot guarantee approval on your application. Approval is always at the discretion of the lender. Therefore, even if you think you meet the above criteria, it is up to your lender to approve or decline your application.

Can I get same day loans?

We understand if you’re looking for fast cash loans, you actually want them to be processed fast!

Indeed, it is possible you could receive your cash loan the same day you approve your contract. However, if you approve your contract outside of your lender’s normal business hours, your lender may not be able to transfer your funds until the next business day.

1 hour cash loans very quick funds

Monzi works with certain lenders that may be able to transfer your funds within an hour of approving your contract.

Keep in mind, however, that 1 hour access to funds is dependent on:

  • the lender you’re paired with;
  • the time of day you approve your contract; and
  • your own bank’s transfer policies.

Is it possible to borrow money with bad credit?


While traditional lending institutions like banks and credit unions may turn their nose up at less-than-perfect credit scores, Monzi works with lenders that do things a little differently.

Consumers will be asked to supply their internet banking credentials during the application. This is so lenders can get a better understanding of you and your relationship with money. In particular, lenders will look at your regular income, expenses, and how you’ve been handling whatever other repayments you may have.

Therefore, if lenders are able to see you’ve been earning a regular income, and have been responsible with your expenses and debts, you may be considered for approval.

Quick loans Australia

Being 100% online, we may be able to pair consumers all across Australia with the lender they need. Regardless of whether you live in Alice Springs, the Gold Coast, Perth or anywhere in-between, we can try help!

Consumers could use their personal loan to cover anything from car registration, car repairs, a rental bond, travel costs or even your next vacation!

Quick easy loans

Happy with everything you’ve read through?

Alternatively, if you have any questions about anything you’ve just read, consult our FAQ page. Otherwise, you can get in contact with our customer service team at hello@monzi.com.au.

Factor In


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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.