Looking for Short Term Loans? Monzi is Here to Help Find Lenders

short term loans

Here at Monzi Loans, we understand that sometimes you need that little bit of extra cash. We’ve all been there at some point or another. That moment when you find yourself looking for short term loans to tie you over. Some of us may know it all too well.

You’re running a bit short and your rego expires Your kids need a new textbook that you forgot to budget for. You’re upgrading your business to ensure a greater level of customer satisfaction and productivity. Whatever the reason, when you need cash, you need it now. So, how can you make it happen?

At Monzi Loans, we’re passionate about making it easier for Aussies to find lenders that can offer short term loans. A short term solution to unexpected expenses, FAST. Whether you need a few hundred for a few weeks, or a few thousand for a few months. Monzi can help you to find a wide range of appropriate short term loans to consider in your time of need.

Our job is to pair you up with lenders that can say ‘Yes!” to your application. Luckily, we have many lenders in Australia to put you in touch with. Our in-depth knowledge of short term lending can help you apply for the money you need, irrespective of whether you have a good credit rating or not.

How Much Can I Borrow?

That’s the first question that most Monzi customers will ask. First things first, it doesn’t matter if you need short term business loans or personal loans. You have the option to borrow between $100 – $10,000. We can find you lenders who will be willing to offer you the specific amount that you’re after.

How Long Will I Have to Pay it Back?

On choosing one of the easy loans offered to you, you might wonder how long you will have to pay the amount back? Well, that depends on how much you have opted to borrow. For example, you will need to pay back small loans ($300 – $2,000) within 12 months. While medium loans (i.e. from $2,001 – $4,600) must be paid back between 13 months and 24 months. For larger loans ($5,000 and up) it’s a little different and will vary depending on the lender.

Oh yes, and there’s also the option to make your repayments once a month, every fortnight, or even on a weekly basis. Therefore, it all depends on what works for you. Just scroll up and you’ll find our loans calculator, where you can design your proposed loan terms. Just remember that all costs displayed are just an example and costs differ depending on the lender.

Secured vs. Unsecured Short Term Loans

Some people are better off only applying for unsecured loans. Monzi Loans can help you to find both secured and unsecured loans. Not sure what this means? Don’t fret.

So, a secured loan is a loan that requires you to provide security upon acceptance. You can use your car, motorbike, boat etc. as security. This is pretty much your way of promising the lender that you will pay the loan back within the stipulated time.

An unsecured loan is a personal loan that does not require security. Unsecured loans, however, are usually small loans. We can assist you in finding unsecured loans up to the value of $2,000.

How it Works

The application process for short term loans is simple and streamlined. When you’re stressed out and strapped for cash, the last thing you need is to face the daunting world of online lenders. You don’t need to get even more frustrated than your situation has already made you. That’s why we act as the middleman between you and your next lender. We go the extra mile to ensure that our process is 100% user-friendly. It’s also ultra-convenient. Plus, it’s all done online – so feel free to stay in your PJs!

The first step is to fill in our quick online forms. This shouldn’t take you more than a few minutes, tops. You’ll only have to share your basic details with us at this stage. We will also ask for the reason for your loan. The best part? We don’t ask you for any paperwork to kick-start the process! Oh, and we encourage pretty much anyone to apply.
Simply complete your forms online, then send them off to us by clicking ‘submit’. As soon as we receive them we’ll get cracking to ensure a fast outcome for you. Our team of short term loans Australia experts use state of the art technology. They scan through hundreds of lenders to find you a match. And it’s usually one with the best possible chance of acceptance.

Any lender willing to provide you with short term loans bad credit record ‘n all will be in touch in a flash. Further details are supplied, and if you are approved, you will be given a chance to sign an agreement. So, our team will notify you if your application has not been successful.

It’s as simple as that.

Who Can Apply

As mentioned, we welcome almost anyone to apply for a loan via our website. We are proud of the fact that we only have a few rules in place when it comes to limiting our applicants. For starters, you will need to be over the age of 18. You also need to be an Australian citizen (or someone with permanent residence in the country). So, have a valid contact number and email address so that we can get hold of you are both important. And lastly, proof that you have been receiving a regular income for at least three months.

Therefore, if you meet all these requirements, you can apply for our lender-finding service, and we’ll get to work finding you a lender that can help.

What Are the Interest Rates Like?

Ahhh. The big question. When you apply for short term loans, you will need to pay a certain amount of interest and or fees on top of what you originally borrowed. There’s no getting away from it. Monzi can find lenders offer some of the most competitive rates in the country. Knowing that we’ll do our best to find you a quality deal is one less thing to worry about.

The interest rates and fees vary. The fees depend on whether you take out a small, medium or large loan with our lenders. A small loan up to $2,000, could incur a 20% upfront establishment fee, along with monthly fees of up to 4%.

If you choose a medium loan (between $2,001 – $4,600), it all works a little bit differently. Most lenders offer up to a 48% annual interest rate with a comparison rate of 67.41%.

Larger loans (over $5,000 – $10,000) could require a 21.24% annual percentage rate and other fees and charges up to a 48% comparison rate per annum.

Of course, all costs are subject to individual lenders, so make sure you’re aware of all the possible costs before signing a loan contract.

Do You Conduct Credit Checks?

Are you on the hunt for short term loans Australia no credit checks? Well, we’re happy to inform you that at Monzi Loans, we don’t conduct any credit checks upon receiving your application.

However, we cannot guarantee that our partnered lenders won’t. Each lender will have a unique vetting process that they will follow. Before granting quick loans to any Australian, some will conduct credit checks. There are some that don’t. Either way, when you apply with Monzi Loans, we work to protect your privacy.

What Can I Use the Money for?

We just require the reason for your loan, to pass onto your possible new lender.

We have helped many Australians get the cash they need for a wide variety of uses. Some clients have used the money to pay:

  • Fines

    Nobody likes getting fined – but, it happens. Unfortunately, it is almost always an expense that you won’t have planned for. If money is tight, this can be a problem budget-wise. Luckily, a small loan may help to ease the strain.

  • Car Services

    You have to take proper care of your car if you expect it to serve you well. Plus, regular car services will help to reduce the chance of your car breaking down. Unexpectedly, and at the least opportune moment possible. Cars can be costly though, so it’s little wonder so many Australians struggle to afford them.

  • Car Repairs

    Servicing the car is one thing. Repairing it when it does give up the ghost can be another expense entirely. Whether it needs patching up because it’s old or it has surface damage in the form of dents and scratches, repairing a vehicle can be a costly affair. So, some repairs can wait until a time when money is more abundant. But, if you need to send your car to a mechanic to get it back on the road fast, a personal loan may be an option to consider.

  • Bills

    Utility bills, phone bills, unplanned bills – they seem to be endless, don’t they? Whatever the reason or service, it’s always a struggle to keep up with bills. A bit of extra cash can help to ease the stress.

  • Holiday Costs

    In desperate need of a holiday? Aren’t we all? Don’t worry. If you’re considering short term loans to take a well-deserved vacation, we won’t judge you for it. When you need a break, you need a break! We have helped countless Aussies enjoy the holiday they’ve been dreaming of, and we’d love to help you to do the same.

  • Medical Cost

    We all know how exorbitant doctors’ fees and hospital-related costs can be. Perhaps you don’t have medical cover. Or your cover has run out, and the bills winds up on your doorstep. An unexpected medical expense can take a massive toll on the bank account. Sickness and stress don’t go well together. So, you can apply for a lender that can offer short term loans for medical expenses with Monzi.

  • Schools Fees

    A great education is priceless. Well, for the receiver of said education anyway! Their parents know that it definitely doesn’t come free. If those school fees are starting to tug harder on the purse strings, you’re not alone. Many parents have paid education-related fees with a manageable short term loan.

  • Furniture

    To turn your house into a home, you’ll need furniture. A cozy bed, an inviting lounge suite, a classy dining room table and chairs. Let’s not forget that ‘oh so inviting’ patio furniture that makes spending time in the garden even more enjoyable. Unfortunately, these pieces of furniture can cost a fortune. Short term loans may help to ease the struggle.

  • Gifts

    We tend to think of giving gifts as a luxury – unless it’s your anniversary or your partner’s birthday, of course! In these economic times, many people struggle to find the cash to do this. That’s why so many of our clients opt to go down the loan route.

Get started by applying today!

So, if you’re in need of a short term loans, you can apply with Monzi Loans for a lender that can offer cash when you need it most.

At the end of the day, when you need cash, and you need it fast, Monzi is here to help you find it. We’re in the business of finding you a lender quickly, no fuss, just complete our application in minutes and we’ll get to work finding you a lender. So, go ahead and give it a try. All you need is a touch of Monzi!

Let’s stay in touch

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How customers rate Monzi

Looking for Short Term Loans? Monzi is Here to Help Find Lenders Overall rating: 4.7 out of 5 based on 4 reviews.

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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.

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


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.

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.