Security

Monzi maintains reasonable measures to protect the security and confidentiality of your personal information from misuse, interference and loss, unauthorized access, modification or disclosure. We have constructed our systems and processes to protect your information from square one.

Top-notch verification technology
We verify your income through the use of a program called BankStatement. What does BankStatement do? They speed up and streamline loan applications. This means less paperwork, less fuss and a quicker decision about loan approval. They do this with our own technology that retrieves your bank statement data and sends it directly to us. This allows us to form a fully secure connection with your bank and saves you the hassle of providing tiresome paperwork. No one at Monzi or our network of lenders is able to view your internet banking password details and this information is NOT stored anywhere. Click here to visit the BankStatement website and view their Privacy Policy.

Bank level security
We follow the same security and encryption standards as the banks. We use 256-bit secure socket layer (SSL) technology to safeguard you and your financial data.

Certification
Our website is secured by the Comodo SSL Certificate.

Vital website protection
Our website is secured and scanned daily, ensuring protection from identity theft, credit card fraud, spam, and malicious software. All data is encrypted between your system and ours, to ensure that all your data and information is fully protected.

Factor In Costs

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

16 days (minimum)

12 months (maximum)

Costs

20% upfront establishment fee

+ 4% monthly fee

Example

Representative example based on a loan of $1000 over 6 months a borrower can expect to pay a total of $1440.

Disclaimer: Under the current legislation, all Small Amount Credit Contract loan providers don’t charge an annual interest rate. The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The minimum loan term is 16 days and maximum loan term is 12 months. Representative example based on a loan of $1000 over 6 months a borrower can expect to pay a total of $1440.

Loan amount

$2,100 - $4,600

Terms

12 months (minimum)

24 months (maximum)

Costs

47.8% Annual Percentage Rate (APR)

65.85% Comparison Rate p.a.

Example

Representative example based on a loan of $2500 over 24 months a borrower can expect to pay a total of $4,556.88.

The maximum interest rate for a Medium Amount Credit Contract is 47.8%. Comparison Rate 65.85% p.a. The maximum loan term is 24 months. Representative example based on a loan of $2500 over 24 months a borrower can expect to pay a total of $4,556.88. WARNING: This comparison rate is valid 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. Credit criteria and terms and conditions apply.

Loan amount

$5,000 - $15,000

Terms

12 months (minimum)

24 months (maximum)

Costs

47.8% Annual Percentage Rate (APR)

47.8% Comparison Rate p.a.

Example

Representative example based on a loan of $10,000 over 36 months a borrower can expect to pay a total of $18,995.04.

This is an estimate only and the comparison rate based on the example information provided. Other fees, costs and charges are not included. This calculation is not an offer for credit.The maximum interest rate for a Personal Loan is 47.8%. Comparison Rate 47.8% p.a. The maximum loan term is 24 months. Representative example based on a loan of $10,000 over 36 months a borrower can expect to pay a total of $18,995.04. WARNING: This comparison rate is valid 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. Credit criteria and terms and conditions apply.