After A Secured Loan? Apply with Monzi Loans!

secured personal loan

Of all the things in your life that take a few minutes, would you believe that a loan application could be one of them? Well, fast loans applications are what Monzi Loans does best! Monzi Loans is an expert lender-finder that’s ready to help find you a lender that can offer a secured personal loan. The brokers we find provide loans ranging from $300 to $10,000 and the repayment period depends on the loan amount you choose. So, whether you’re in the market for a little financial pick-me-up or a rocket boost to fund your next holiday, chat with Monzi and we’ll find you a lender that can say ‘Yes’.

About Monzi Loans

Monzi Loans is a lender-finder that is ready to help Aussies get the finance they need when they need it most. We can find unsecured and secured personal loan providers offering loans from $300 to $10,000. The repayment period depends on the amount you choose to borrow.

Whether you’re looking for secured or unsecured loans, you can complete our application in just a few minutes. We’re 100% online, so you can complete an application on the go or snuggle into your comfiest couch with a cuppa in hand. So, wherever you are, if you need to find a lender that can provide quick, easy loans, then apply online today!

What exactly is a secured personal loan?

When you apply with Monzi, a secured personal loan is a personal loan secured by equity, such as a car, motorbike, caravan or boat. A secured personal loan typically starts at $2,001 and goes up to $10,000. The repayment period depends on the amount you choose to borrow.

There are two types of secured personal loans, medium and large:

  • Medium secured personal loan: secured personal loan from $2,001 to $5,000 and can be repaid over a period of 13 to 24 months
  • Large secured personal loan: secured personal loan from $5,000 to $10,000 and can be repaid over a period of 13 to 24 months

If you apply for any loan over $2,001 then you should attach security and we’ll do our best to find you a lender in a jiffy! However, you may not be looking for a large boost to your funds. If something smaller is to your taste, then consider an unsecured personal loan.

What about unsecured personal loans?

Unsecured personal loans are personal loans that don’t require security. Typically, unsecured personal loans are small, short-term loans. We find lenders that offer small, unsecured loans from $300 to $2,000 and can be repaid over a 12 month period. Small loans can act like a little pick-me-up when you feel your finances getting tighter, or when an emergency strikes and there’s no more breathing room in your budget. So, whether you’re after a secured personal or unsecured loan, apply with Monzi Loans and we’ll do our best to find you a lender that can provide the cash you need.

Who can apply with Monzi Loans?

Monzi Loans is always ready to help Aussies find the cash advance providers they need to tie over some loose expenses. Before you apply, however, we do have a few requirements to meet.

To apply you must:

  1. Be at least 18 years old
  2. Be an Australian citizen or permanent resident
  3. Have a regular income flowing into a personal account for at least the past 3 months
  4. Have an active mobile number and email address

That’s it! Just make sure before you apply that you meet these little requirements. If you have checked off these boxes, then you’re ready to go!

What to have by your side when you apply?

At Monzi Loans, we like to give our customers the best start. That’s why we like to tell you how to prepare so your application is as painless as possible. All you need is a few minutes of your time and these details handy:

  • Personal contact details e.g. mobile number and email address
  • The reason for your loan
  • Internet banking details
  • MyGov info (if applicable)
  • Employment info

If you have these essential nuggets of information by your side, then you can complete your application in one sitting! No need to rummage through files in search of your login details.

How to apply with Monzi Loans

Applying with Monzi Loans is pretty simple. An application is always waiting for you. We’re 100% online and you can complete an application in minutes! Just follow these steps to apply for our lender-finding service:

1. You apply online

To find a lender that can offer an unsecured or secured personal loan, all you need to do is apply! That’s it. We’ll do the rest. To get started, scroll up and you’ll find our loan calculator. Select how much you wish to borrow and for how long. You’ll see an estimation of your weekly, fortnightly or monthly repayments. Of course, all costs are subject to individual lenders.

Once you are happy with your proposed loan terms, click the ‘Apply Now’ button. You’ll be taken to your application where we’ll ask you for a few more details, then when you’re ready you can click Submit and you’re done!

2. We get to work

After you submit your application, it’s time for us to get to work. We’ll start searching for a lender that can provide cash loans, and we’ll do it quickly. It may only take us a few minutes to find you a lender. If we find a loan provider for you, we’ll let you know.

3. Meet your lender

When we find you a lender, we’ll send on your application and contact you. Then, your potential lender should be in touch shortly. If your lender approves your application, they should send an electronic contract for you to review and return. Then, it’s cash straight to your pocket (where it belongs!). Exact transaction speed will depend on your lender and bank.

Voilà! Three steps, one application, one lender. Cut through the clutter with the help of an expert lender-finder and you could have cash in no time. Just apply today with Monzi! You can head straight to the application by clicking the floating Apply Now button below.

What are the possible costs?

As lender-finders we cannot guarantee the costs of your secured loan, however, we can give you the possible costs.

Here are the possible costs for each type of loan our lenders offer:

Small personal loans: small loans from $300 going up to $2,000

  • Establishment fee: 20% of the principal
  • Ongoing fee: 4% of the principal, typically charged monthly

Medium personal loans: medium secured loans from $2,001 to $4,600

  • Establishment fee: Once-off $400 fee
  • Ongoing fee: 48% annual percentage rate

Large personal loans: large secured loans from $5,000 to $10,000

  • Ongoing fee: 21.24% annual percentage rate

If you fail to make a repayment, your lender may charge additional fees. Before you sign a contract it’s important to aware of all the possible costs of your loan. If you’re unsure about any costs, chat to your lender.

Do we conduct employment checks or credit checks?

As lender-finders, we don’t conduct employment checks or credit checks, or any kind of assessing. We simply do our best to find you a lender, quickly! However, we cannot guarantee the lenders we find won’t conduct credit checks or employment checks. Don’t let that deter you from applying with Monzi Loans. The lenders we find can look at more than just your credit score. They can also look at your current relationship with money. So, don’t let the possibility of a credit check or employment check scare you off; apply with Monzi Loans today and we’ll do our best to find you a lender that can help when you need it most.

Do we find lenders that can provide a bad credit secured personal loan?

Yes! At Monzi Loans, we believe that all Aussies should have a chance to apply for the finance they need, bad credit and all. That’s why we find lenders that can offer a secured personal loan to people with bad credit. We find lenders that can look at more than just your credit score. They can look at your income, expenses and other relevant information. They don’t think that one or two past financial mishaps should wholly dictate your financial future. So, if you have bad credit, then apply today and we’ll do our best to find you a lender that can offer a secured personal loan with bad credit history.

What about Centrelink customers and secured personal loans?

If you’re looking for a secured personal loan, and you receive Centrelink, then you may have been knocked back by traditional lenders. If that’s the case, we’re glad you found us! Monzi Loans can find lenders that classify Centrelink as a regular income as long as you’ve been receiving the repayments for three months. So, if you’re receiving Centrelink and looking for secured personal loans, then enlist the help of the lender-finding expert (that’s us!).

Why choose Monzi Loans?

When your budget is tight the last thing you need is more pressure, but when your fridge no longer cools or your washing machine has flooded the bathroom, your budget might just burst. That’s when you can turn to Monzi Loans. We can find lenders that offer cash loans and quickly. We know that when you need cash loans, it’s usually bloody fast!

Need a few more reasons to choose Monzi Loans? Easy.

We’re 100% online

At Monzi Loans, there’s no need to run down to your local bank, wait in an endless line, only to jump through an array of hoops, just to apply for a loan. No, Monzi Loans is 100% online. Just jump online, either on a phone or laptop and fill out an application in a few minutes. It’s that simple! Just click ‘Apply Now’ and you’ll be taken straight to an application.

No paperwork

If there’s one thing we dislike more than long lines, it’s piles of paperwork. That’s why when you apply with Monzi Loans, we require ZERO paperwork! We find lenders that can use the latest in safe banking technology to pull the relevant info from your login details. That’s why we ask for your internet banking details and employment details and/or MyGov info. Lenders can access read-only copies of the relevant info to assess your suitability. That means no paperwork for you and we can give the trees a break!

No need to pay

Applying with our lender-finding service is absolutely free! You can submit your application, free of charge. Don’t waste your valuable time searching for a lender, when we can do all the legwork instead. We know that time is money and we don’t want to waste either. So, apply with Monzi today, no need to pay!

Lenders in your pocket

We find lenders that can offer a top secured personal loan straight to your pocket. No fuss, just simple cash. When you need wiring done you hire a professional, and finding a lender is no different. Enlist the help of experts that know what they’re doing.

Let’s stay in touch

If you’re ready to apply with Monzi Loans, simply click the apply now button and you’ll find yourself at our loan calculator. Whether you’re looking for a bond loan or travel loan – we’ll do our best to find a lender that can help! If you have any questions about our lender-finding service, don’t hesitate to contact our team of lender-finding specialists at hello@monzi.com.au.

Want more Monzi? Great! Stay in touch on Facebook, Twitter, Pinterest and Google. And to get the latest tips and tricks to hit personal finance, follow Monzi blog.

How customers rate Monzi

After A Secured Loan? Apply with Monzi Loans! Overall rating: 4.7 out of 5 based on 4 reviews.

Factor In

Costs

Two credit cards
Two credit cards

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

Terms

12 months

Costs

20% upfront establishment fee

+ 4% monthly fee

Example

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

Terms

13 months

24 months

Costs

48% annual percantage rate

67.41% comparison rate p.a.

Example

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.

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.

Loan amount

$5,000 - $10,000

Terms

13 months

24 months

Costs

21.24% annual percantage rate

48% comparison rate p.a.

Example

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.

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.