Same Day Cash Loans Up To $10,000 Available Online. Find Finance In Minutes

Same day cash loans are, as the name suggests, an option for accessing finance fast. Moreover, consumers may be able to access their loan on the same day they apply. With a wide network of lenders potentially offering loans from $300 to $10,000, Monzi’s lender-finder service may be able to help you find the finance you need today!

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.

Same day loans explained

Same day loans are, as the name suggests, a form of credit that can be accessed the same day you’re approved. As a result, these loans are often popular with consumers looking for instant cash loans same day.

Same day cash loans vs payday loans

Many payday lenders may also advertise same day cash loans Australia. Moreover, these lenders seem to offer fast same day cash loans with easy approval. For many borrowers looking to cover an urgent expense, these lenders are understandably attractive.

Payday lenders, however, may not be for everybody. For example, payday lenders may offer short repayment terms, sometimes as few as 4 weeks. In addition, these lenders may charge very high fees if the short repayment terms aren’t met.

As a result, Monzi will always aim to pair you with a lender offering personal loans, not payday loans Australia. The below table shows payday loans and their personal loan equivalent.

Cash loans AustraliaPayday loans Australia
Bad credit loansPayday loans bad credit
Online cash loansPayday loans online
Loans for people on CentrelinkPayday loans Centrelink
Weekend loansWeekend payday loans no credit check
Same day online loansOnline payday loans Australia
Same day loansInstant payday loans

How can I get a same day loan?

Let’s say you’re planning a family road trip this holiday. However, a few days before you are meant to depart, your car decides to give up on you. In a situation like this, you need quick cash in your account ASAP!

Therefore, you may want to apply for a same day loan. Here’s how you can get started:

  • Apply with a lender offering same day loans.
  • The lender will assess your application.
  • You will be sent a digital loan contract if you’re approved.
  • The lender will transfer your funds after you approve the contract.

Keep in mind, access to your loan depends on inter-bank transfer times.

I need emergency money

When emergencies strike, it is natural to want everything resolved as quickly as possible. Especially when it comes to a financial emergency, having the money in your account as quickly as possible can be a great weight off your shoulders.

The majority of us, however, simply do not have the level of savings to deal with a major emergency expense. In these situations, we may need to apply for same day cash loans Australia.

Luckily, Monzi may be able to make the process even easier. In short, we’ll aim to match you with a potential credit provider. Moreover, our network of lenders might be able to offer personal loans from $300 to $10,000.

What does Monzi do?

In essence, Monzi is in the business of making Aussie consumers’ lives easier. In other words, we aim to match consumers with potential credit providers.

What does this mean for you? Well, instead of spending hours online applying with different lenders, Monzi streamlines everything. Therefore, after consumers lodge one application on our site, we try and match you with a lender from our trusted network of credit providers.

In addition, our digital application is super easy to use. When you apply with Monzi, you can forget about the mountains of paperwork, wasting time in queues and listening to please hold music. In fact, you could lodge an application from the comfort of your couch and within minutes.

Am I eligible?

We wanted to keep our service open to as many Aussies as possible. Therefore, we’ve kept our minimum eligibility criteria as open as possible.

To use Monzi, you must:

  • Be an adult (18 years and older).
  • Be an Australian Citizen.
  • Have been earning a regular income (for at least the past 3 months).
  • Have a personal mobile number and email address.

How can I get cash fast?

If you have an emergency expense breathing down your neck, chances are you’re looking for lenders offering fast cash loans same day. Finding these lenders, however, may take longer than you expect.

As a result, if you want to speed the process up, you could consider using our lender-finder service. Interested? Here’s how you can get started:


Get started by heading to our website, where you will find our handy loan slider. Next, select the amount you’re thinking of applying for, as well as your ideal repayment terms. After you do this, examples of what the weekly, fortnightly and monthly repayments will be shown.

As we are the lender-finder, these estimates are just that – estimates. After all, lenders may all vary in the cost of the loan.

Click Apply Now once you are happy with your selections.

Put your feet up

We’ll ask you to supply some important information. Once you have completed the submission form, we’ll take over.

Monzi will gather all your information into an application, and aim to pass this on to a potential lender. If you apply during normal business hours, our system should be able to get to work minutes after applying.


We’ll let you know the outcome of your application as soon as possible. If you’re successfully paired with a lender, they will assess your application. Consumers will receive a digital loan contract if their application is approved.

Lenders are only able to transfer funds after the consumer has approved the contract. In addition, access to funds is dependent on transfer times between banks.

Man in blue shirt using tablet to browse for same day cash loans

Personal loans same day cash

Monzi cannot guarantee that you will be able to access your funds the same day you apply. After all, there are certain variables at play that affect quick loan assessments and when consumers can access their cash. In short, it may be useful to be aware of these variables:

  • Banking rounds. Lenders will have rounds of banking where they are able to transfer funds to borrowers. As a result, if you approve your contract after the lender’s final round of banking, your funds will not be transferred until the next business day.
  • Weekends. Generally, there are no rounds of banking over the weekend. Therefore if you approve your contract over the weekend, your loan may not be transferred until the following business day.
  • Additional information. Aim to supply all relevant information the first time you apply. Lenders may need to stop processing your application if they need to chase up extra information.

Keep in mind, even if you are aware of everything listed above, you are not guaranteed to receive your loan same day.

Monzi equals easy access to same day cash loans online

Our business is 100% online. This means we can offer our clients a streamlined and intuitive application process. In addition, our 100% online business model means:

  • Consumers can lodge an application from any internet-capable device.
  • Our same day loans application process is completely paperwork free.
  • Consumers are able to lodge an application in minutes, at any time and from anywhere.

Keep in mind, however, if you lodge an application outside of normal business hours, you may not receive an outcome until the next business day.

The ghost of bad credit

If you have made some less-than-sound financial decisions in the past, you may feel haunted by your poor credit history. Indeed, with many traditional lenders like banks and credit unions, loans for people with bad credit may not be available. Monzi’s network of lenders, however, may be able to do things a little differently.

In short, our network of credit providers may be able to look past bad credit. Instead, lenders may able to focus on a consumer’s current financial situation. More specifically, credit providers will look at your regular income, expenses and other debts, and whether the loan repayments will fit within that budget.

So, if you’re looking for lenders offering same day cash loans bad credit, we may be able to help.

Why does my credit score even matter?

In short, your credit score is a snapshot of your history as a borrower. Additionally, lenders can use your credit score to quickly get an understanding of your creditworthiness.

Creditworthiness, in short, refers to a borrowers suitability to receive finance, based on how reliable they were paying the money back in the past. As a result, the higher your credit score, the more creditworthy you are perceived to be.

Moreover, your credit history can directly influence the following:

  • Whether or not a lender is willing to offer you a contract.
  • The amount a lender is willing to offer.
  • The interest rate, as well as other fees and charges associated with your loan.

Can I get a personal loan with a credit score of 550?

If you have a credit score of 550, it may prove to be difficult to secure approval from a traditional lender like a bank or credit union. This is because traditional lenders often put a greater emphasis on a good credit history than alternative lending options.

However, if Monzi is able to match you with a lender, they may be able to focus on other aspects of your application. In other words, if lenders can see your repayments will fit comfortably within your regular budget, you may be considered for approval.

Keep in mind, approval is always at the discretion of the lenders. All applications are subject to assessment. Even if Monzi matches you with a lender, you are not guaranteed approval.

What if I’m unemployed? Can Monzi still help me?

We welcome all sorts of applications on our website. Even if you are unemployed, we can still try and match you with a potential lender.

Keep in mind, however, lenders will always look to confirm your income. Moreover, if you are unemployed, you will need to show you are receiving some sort of regular income. This can often be in the form of regular Centrelink payments. As a result, Monzi might be able to match you with a credit provider offering same day loans for people on Centrelink.

In addition, lenders may be able to offer loans for unemployed to applicants who own income-earning assets. For example, if you are unemployed but own a rental property that makes money from tenants.

Obviously, however, approval always rests with the individual lender.

Where can I find same day cash loans for people on Centrelink?

As we mentioned above, certain lenders may be able to accept regular Centrelink payments as income. However, lenders may vary in their assessment criteria.

In other words, certain lenders might only be able to accept certain types of benefits (Family Tax Benefit, Newstart etc.). On the other hand, certain lenders may have rules around how much of your total budget Centrelink income can make up.

As we are the lender-finding service, Monzi cannot speak to the policies of individual credit providers. Therefore, there is no guarantee your application will be approved.

Looking for same day loans for people on benefits? Apply from $300 to $10,000 through Monzi’s lender-finder service.

Same day cash loans for pensioners

If you are retired and looking for fast finance online, Monzi may be able to match you with a lender potentially offering instant cash loans on Centrelink.

So, whether you’re looking for a small loan or something with a little more grunt, Monzi may be able to help.

Can you find me same day cash advance loans?

Very often, the terms payday loan and cash advance loan are used interchangeably. As a result, Monzi is unlikely to pair you with a payday lender.

As we mentioned above, payday lenders can often be quite inflexible with their repayment terms. Personal loan lenders, on the other hand, may be able to offer repayment terms that fit around your life.

To put it another way, imagine taking out a $2,000 loan from a payday lender. Generally, your repayment terms will be around 4 weeks. Repaying $2,000 plus interest and fees over such a short period time can result in unmanageable repayments.

However, if you take out a $2,000 personal loan, you may be offered repayment terms over several months. As a result, your regular repayments may be much smaller, and can fit around your regular lifestyle more readily.

For all finance needs, big and small

When Monzi was founded, we made it our mission to help as many Aussie consumers as we could. To do this, we’ve teamed up with a wide network of credit providers, potentially offering personal loans from $300 to $10,000!

More specifically, Monzi’s network of lenders may be able to offer three broad categories of personal loans:

Small cash loans same day:

  • From $300 to $2,000.
  • Unsecured.
  • 12 month repayment term.

Medium cash loans:

  • From $2,100 to $4,600.
  • Secured.
  • 13 to 24 month repayment term.

Large cash loans:

  • From $5,000 to $10,000.
  • Secured.
  • 13 to 24 month repayment term.

Keep in mind, the repayment terms offered by your lender may vary to those presented above.

Explain secured loans to me

A secured loan is guaranteed by one of the borrower’s assets. Therefore, in the event of a default, the credit provider is able to repossess the asset and recoup some of their losses.

Secured loans pose less of a risk to credit providers than unsecured loans. As a result, lenders may be willing to offer larger amounts, and may even offer better rates and terms.

The downside to secured loans is, obviously, your asset may be repossessed if you default on your loan. However, this is often the last resort for credit providers. Lenders will generally only begin the repossession process once all other avenues have been exhausted.

What can I use as security?

The lender Monzi may pair you with will generally be able to accept a vehicle as security. More specifically, this could include your:

  • Car
  • Motorbike
  • Caravan
  • Boat

Keep in mind, however, borrowers must be the registered owner of the vehicle they wish to attach as security. In addition, if you are applying for a secured loan, remember to keep all the information regarding your vehicle handy.

Will you credit check my application?

As the lender-finder, Monzi will not credit check your application. Instead, we simply aim to gather your information into an application and pass it on to potential lenders.

If you are paired with a lender, they may conduct a credit check. In short, credit checks are at the discretion of individual lenders. Therefore, Monzi cannot guarantee whether or not one will happen.

Often people who search online for no credit check same day loans for instant cash needs are concerned about their credit record. More specifically, they feel their credit score is so poor, they will not secure finance any other way.

Monzi’s network of lenders, however, is less concerned about your credit record. In other words, even if your application is credit checked, you may still be considered for approval.

How can I compare instant cash loans?

Consumers should always weigh up what options are available to them when applying for instant loans online. However, if you have little experience in applying for finance, this may be easier said than done.

Don’t stress though, Monzi is here to lend a hand. So, when you are shopping around for credit online, consider everything below:

Comparison rates

Comparison rates reduce most of the interest, fees and charges of a loan down to a single percentage figure. Therefore, comparing loans is made much easier, especially if they are offered by different lenders.

We’ll give you a simple example of how comparison rates are calculated:

Personal loan 1

  • Interest rate of 8%
  • Fees and charges of 0.5%
  • Comparison rate = 8.5%

Personal loan 2

  • Interest rate of 8.25%
  • Fees and charges of 0.1%
  • Comparison rate = 3.35%

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


Outside of the comparison rate, there may be additional loan features you find important. As a result, you may want to consider the following when shopping for same day cash loans online.

  • Processing times. If you’re looking for cash loans, processing times are crucial. Therefore, apply with lenders that process loans quickly. Keep in mind if you apply outside of business hours, your application may not be processed until the next day.
  • Interest rate. Your circumstances, as well as the type of loan you take out, will have an effect on the interest rate. For example, a bad credit payday loan may have noticeably higher fees than a secured personal loan.
  • Transparency. Certain lenders may be less forthcoming with their additional fees than others. Consumers should always aim to work with a lender that is transparent and upfront about all the fees and charges relating to the loan.
  • Loan term. Does the lender offer flexible repayment terms? Moreover, are you able to choose a repayment schedule that suits your lifestyle?

Need support?

Don’t worry, we haven’t abandoned customer service for the sake of our 100% online business model. Therefore, we have a customer support team waiting just on the other side of your screen.

So, if you have any questions about our lender-finder service or your application, get in contact via We guarantee you’ll always chat to another Aussie who is happy to walk you through whatever questions or concerns you may have.

What are you waiting for?

All consumers need to apply 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 (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.