Relocation Loans Up To $10,000. Get Into Your New Home Sooner!

Relocation loans could be a great way to secure the finance you need to settle into your new home. Whether you’re relocating to an apartment, townhouse or acreage, personal loans of up to $10,000 may make your life a little easier. Monzi is a lender-finder service that may be able to match you with a potential credit provider.

Monzi is a lender-finding service. We do not offer financial advice. Consider seeking independent legal, financial, taxation or other advice to check how the information and ideas presented on this website relate to your unique circumstances.

What is a relocation loan?

Put simply, relocation loans are short-term finance that can help pay for all the goods and services associated with moving house. More specifically, these loans can cover:

  • Truck hire.
  • Removalists costs.
  • Rental bond.
  • New furniture and whitegoods.

And much, much more! Essentially, personal loans can be used to cover any moving-related expenses.

Monzi Loans

Before we get any further, we should introduce ourselves! We’re Monzi, a lender-finding service based in Brisbane that helps consumers match with lenders, Australia-wide.

Our network of lenders may be able to offer personal loans potentially ranging from $300 to $10,000.

Wondering how Monzi can help you? Well, within minutes of lodging your application with us, we’ll get to work scanning through different loan products. If we successfully pair you with a lender, they’ll be in touch.

So, if you have been searching online for any of the below-terms, Monzi may be able to help you match with a lender:

Relocation loans AustraliaRelocation loans bad credit
Personal loans for relocationRelocation loans for pensioners
Finance for house relocationRelocation loan Centrelink

Keep in mind, the above table does not necessarily reflect the type of loan you may be approved for in the future.

How do relocation loans work?

These loans work much like any other form of credit; the borrower and credit provider will reach an agreement on the loan amount and repayment terms. Then, after the borrower approves their contract, the lender will transfer the funds.

Next, the borrower is able to use their funds to cover any part of the moving process. From removalists, hiring a truck or paying the rental bond, a relocation loan can do it all.

Finally, the lender will usually set up a direct debit from the borrower’s account. Repayments will be automatically deducted from the borrower’s account and once the debt is settled, automatically stop.

Also, keep in mind, your repayments will normally include:

  • The loan’s principal amount.
  • Interest.
  • Additional fees and charges.

What is a bridging loan?

Bridging loans are designed to finance the purchase of a second property, with the intention of selling the existing one. In other words, consumers who are looking to purchase a new house, while still living in their existing property, can use a bridging loan. The loan amount is determined by the equity in the current property.

Often, bridging loans are an interest-only loan with a limited loan term, and are secured by the consumer’s property.

In essence, a bridging loan is almost like an additional home loan that can be taken out on top of an existing mortgage.

How do bridging loans work?

During the bridging period, a consumer will have two loans, both being charged interest. This is because a bridging loan is a second loan on top of your current home loan until the property is sold, and the loan can be settled.

Often, when the existing property is sold, the bridging loan is combined into the consumer’s home loan for the new house.

Bridging loan eligibility will be determined by the individual lender.

Can Monzi help me with a bridging loan?

Unfortunately, no.

This is because Monzi’s network of lenders offers secured and unsecured personal loans ranging from $300 to $10,000.

In addition, the loan offered to you will not be determined by the equity in your property, but rather by your:

  • Income and expenses.
  • Employment status.
  • Credit history.
  • Security.

Keep in mind, Monzi’s network of lenders can accept assets like cars, motorbikes, caravans or boats as security. The borrower, however, must be the registered owner of the vehicle they wish to use as security.

Case study: Laura moves house

Laura is 24 and has recently split up with her long-term partner. Over the last three years, her partner and herself have lived together in an flat, and are both on the lease. Now, obviously, Laura needs to find alternative living arrangements.

Luckily, a few of her old school mates are looking to move to a suburb nearby. While this timing is perfect, Laura still needs to figure out how she is going to afford to move houses. After all, she needs to pay for the removalists, as well as new furniture.

Because she needs to move as quickly as possible, Laura needs fast and convenient finance. As a result, she decides to use a lender-finding service.

She submits an application and is matched with a lender. The lender assesses and approves Laura’s application, and offers her a contract.

After securing her loan, Laura is able to move into her new place in half the time she expected. She is also able to choose a repayment plan that fits around her normal lifestyle.

How do I get started with Monzi?

If you’ve found the best place to live in Australia and you’re ready to get settled into your new place, consider using Monzi’s lender-finder service. In short, we may be able to match you with a credit provider potentially offering you finance for house relocation.

Not only is our service super-fast and easy to use, but you may be able to lodge an application in minutes!

Fly through the application

Our online form can even be completed in minutes! Why? It’s because Monzi cuts through the jargon and rigamarole, and only asks for the essentials.

Consumers can get started by scrolling up to the loan slider at the top of the page and selecting their ideal loan amounts and repayment terms. Next, once you’re happy with your choice, click Apply Now.

Finally, keep in mind the repayment examples you’ll be shown are just a guide. The actual cost of your loan may vary depending on the lender you’re paired with.

Put your feet up

We’ll now ask you to complete our submission form. We only ask for the essential information and use banking technology to automatically retrieve a lot of what we need. As a result, you may be able to complete the application in no time.

Once you click submit, we do what we do best: matching you with a lender. Keep in mind, however, that you not guaranteed to be matched with a credit provider. After all, credit providers will have different assessment criteria.

Match? Money!

If you’re successfully paired with a lender, they’ll assess your instant loan application and send through a loan contract if you’re approved.

It is important you read your contract thoroughly before signing anything. In particular, pay attention to the repayment terms, rates and fees associated with your loan.

Applicants may receive their relocation loan the same day they apply. Or, alternatively, you may receive your funds the next business day. However, access to funds is dependent on inter-bank transfer times.

Finally, remember that lenders cannot offer guaranteed approval loans.

Woman sitting on bed with latte browsing for relocation loans

Am I eligible for relocation loans?

We think every Aussie should be able to move house on their own terms. As a result, we’ve tried to keep our eligibility criteria as open as possible. Therefore, to use Monzi’s lender-finder service, just make sure you meet the below-criteria.

  • At least 18 years old.
  • Hold an Australian Citizenship or Permanent Residency.
  • At least 90 days of receiving a regular income into a personal bank account.
  • Have a personal email address and mobile number.

Relocation loans despite poor credit

At times, a poor credit record can feel like its dictating too many of your life decisions. Monzi, however, doesn’t think it should be like this.

After all, why should a few financial mistakes in the past determine your ability to access a relocation loan, and in turn, your ability to move into a new place?

Luckily, however, Monzi’s network of lenders are able to focus on more than just your credit score. Even if these lenders do conduct a credit check of your application, they will aim to focus on more and dig a little deeper. That way, they can potentially offer personal loans for bad credit to help you relocate.

Stress-free credit checks

As the lender-finder, Monzi cannot speak to the assessment policies of individual credit providers. In other words, we cannot guarantee whether or not a credit check will occur on your application, as this is at the lender’s discretion.

We understand if you are searching online for no credit check loans, you are concerned your credit will hold you back. Unfortunately, we cannot guarantee you will be offered one of these loans. However, we can guarantee lenders will not solely focus on your credit history.

In any case, if your heart is set on avoiding a credit check, you may need to investigate no credit check payday loans or other such products. Unfortunately, though, Monzi will be unable to assist you.

I receive Centrelink. Is this an issue?

No, not necessarily.

Certain lenders may be able to count regular Centrelink payments as a form of income. However, lenders may also have policies surrounding what kind of benefits are accepted. In addition, lenders may have rules around how much of your income Centrelink can make up.

All-in-all, it is at the discretion of the lender themselves to approve or decline your relocation loan Centrelink application.

Relocation loans Brisbane

Are you looking to relocate in The River City? Well, if you are looking to move house or apartment close to Brisbane’s CBD, consider the following suburbs.

  • Highgate Hill: Located a mere 2km south of the Brisbane CBD, Highgate Hill may be a great option for both city workers and students alike.
  • Graceville: This leafy suburb is in Brisbane’s west. If you’re a young family, Graceville’s many parks and recreation facilities may be a huge plus.
  • West End: West End is less than 2km away from the heart of Brisbane, but almost feels like a different town. The many quirky shops and café options, as well as the proximity to the University of Queensland, make West End a popular home for many of Brisbane’s student population.

Loans for relocation Sydney

It’s no secret that living in Sydney is expensive. After all, Sydney regularly features in top 10 lists for most expensive cities in the world!

Generally, however, the further west you go, the cheaper the rent tends to be.

Therefore, if you’re looking for value in Sydney, but don’t want to spend half your day commuting, here are some of the best-value suburbs within 10 to 20 kilometres of the CBD:

  • Croydon Park
  • Gladesville
  • Ashfield
  • Eastlakes

Relocation loans Melbourne

Looking for a change of scenery in Melbourne? While the rental market may feel like it is becoming increasingly competitive, the locales listed below still remain relatively budget-friendly.

  • Brunswick: Popular among the young creatives that Melbourne is so famous for, Brunswick is famed for its mixture of traditional and modern culture.
  • Cheltenham: Cheltenham is located 18km South-East of Melbourne’s CBD and provides a great option for renters looking to live Bayside, but avoid the heavy price tag.
  • Altona Meadows: If you’re willing to forgo proximity to the CBD, Altona Meadows may be an extremely affordable option. While traffic can often be an issue when driving into town, there are train stations nearby.

Moving house in Perth

Moving house in the wild wild West? Not sure where you should relocate to? Well, here are Monzi’s top three Perth suburbs to rent in.

  • Victoria Park: One of the oldest suburb in the city, Victoria Park straddles the Swan River and continues to be a hugely popular choice for rentals in Perth.
  • Como: Como is a large, leafy suburb popular with families. Located near the centre of the city, Como still offers an easy-going lifestyle for all of its residents.
  • East Perth: Obviously nestled in the inner-east of the city, East Perth boasts a plethora of fantastic cafés, restaurants and bars. East Perth residents do not have to travel far to enjoy the best the city has to offer.

Relocation loans for pensioners

Moving home is tough enough as it is, even for students. If you are, however, a pensioner, the rigamarole of moving address can become a Herculean task.

Ideally, pensioners should have a network of families and friends that can help out. Although, as we all know, this situation is becoming less common.

Pensioners could, alternatively, use Monzi’s lender-finder service. In short, we may be able to pair you with a credit provider, potentially offering up to $10,000 for relocation purposes.

Therefore, if you successfully secure a loan, you can use the funds to cover the packing and relocation of all your possessions. In addition, you could even use the same funds to secure the rental bond.

When will I see the cash?

Generally, after you approve your digital loan contract, your lender will be able to transfer your funds. The processing speeds, however, may depend on a few variables.

To shed a little more light on the situation, we’ve included some examples of these variables below:

  • Banking rounds. Some lenders will have rounds of banking throughout the day where they transfer funds to the borrower. However, most lenders will have their last round of banking towards the end of the day. As a result, if you approve your contract after the final round of banking, your loan may not be transferred until the following business day.
  • Weekends. Be aware some lenders will not be able to transfer funds over the weekend.
  • Additional information. If lenders need to get back in contact with you to obtain additional information, your loan application may be stalled. Therefore, try and provide all relevant information (employment info, vehicle registration etc.) the first time you apply.

Responsible lenders

When you find a lender through Monzi, you can be sure they will be a licensed, reputable credit provider that takes their responsible lending obligations seriously.

What does this all mean? Well, lenders are required by Australian law to lend responsibly. In short, lenders will conduct an assessment to make sure a loan product is suitable for the consumer.

A loan is suitable for the consumer when:

  • It fulfils the consumer’s needs and objectives.
  • The consumer is able to afford the repayments without any significant hardship.

To confirm the suitability of a product for the consumer, lenders will often take reasonable steps to verify a consumer’s financial situation, as well as their needs and objectives.

What if I can’t afford a repayment?

If you are concerned you will miss an upcoming repayment, get in contact with your lender as soon as you can.

Generally, if you get in touch with your lender at least 24 hours before the payment is due, your lender may be able to cancel or reschedule your repayment as per the terms in your contract.

I am no longer earning enough money

Sometimes, life happens. We get it.

One minute you’re working your 9 to 5 quite happily and then, all of a sudden, you find yourself made redundant. If a situation like this happens, you may find your ability to afford your loan affected indefinitely.

Luckily, credit providers have departments set up to deal with situations like these. If you are concerned about your ability to afford your repayments, you should get in contact with your credit provider’s hardship department.

Here’s how the hardship process works:

  1. Get in contact with your lender’s hardship department.
  2. Provide all relevant supporting documentation (termination of employment, medical certificate etc.).
  3. The lender will assess your claim.
  4. Credit providers will offer a restructured payment plan if approved.

Before signing your relocation loans contract

Consumers need to approve the credit contract before the lender is able to process funds. As a result, it is important consumers read through their contract carefully before signing anything.

In particular, consumers need to make note of:

  • The interest rate and additional fees.
  • The repayment terms.
  • Any missed or late payment fees.

If the proposed credit contract does not meet your needs or objectives, do not sign it. You are under no obligation to approve any contract offered to you.

Alternatively, get in contact with your lender if you are confused by anything in your contract. Generally, they will be able to walk you through all aspects of your loan.

Why Monzi for relocation loans?

We think we are the top lender-finder service in Australia. However, some consumers may not be as convinced as we are.

To remedy this, we’ve included some of the key reasons existing Monzi customers keep returning to our service.

Easy to apply

Gone are the days of filling in paperwork or waiting in queues in a bank branch. Moreover, finding finance online has never been easier, with Monzi.

Usually, Aussie consumers will be able to submit an application on our website in minutes. Then, our automated system will get to work within minutes. Outcome times may vary, but you can be sure we’ll do our best to get back to you as soon as possible.

100% online

Each step of our lender-finder process takes place online. Therefore, if you have any internet-capable device and a signal, you can try and match with a lender through Monzi. Moreover, our 100% online business model gives our clients added benefits:

  • Apply from anywhere 24/7.
  • No paperwork.
  • No queues.
  • Apply within minutes.

The Fort Knox of lender-finders

Monzi does not take security lightly. That’s why we’ve teamed up with tech-security giants McAfee and Comodo.

Bad credit is not the be-all and end-all

Monzi’s network of lenders understand that consumers are so much more than a credit score. As a result, if you have a few leftover blemishes on your credit report, your application may still be considered.


Monzi keeps you in the loop and is upfront with everything. That’s why we’ll let you know whether or not we can match you with a lender ASAP. Regardless of whether we’re successful or not, you’ll be the first to know.

In addition, Monzi’s trusted network of lenders will include all the fees, charges and rates associated with the loan in your contract.

Human support

While we are 100% online, we haven’t lost sight of the importance of customer service. Therefore, if you have any questions regarding Monzi or your application, you can chat with a real human at

Let’s go

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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.