Short Term Loans Up To $10,000? Monzi Is Here!

Short term loans from $300 to $10,000? Monzi can find you the lenders who may be able to help. With one, easy application, you could be put in touch with a lender within minutes. Apply today!

What are short term loans?

Put simply, these loans are a form of credit, usually provided by a lender other than a bank. Generally, these loans will have a repayment term of several months. In addition, the process of applying for a short term loan is often much quicker than traditional forms of credit. You may also receive a seemingly instant loan outcome.

Monzi may be able to pair you with an available short term lender. Therefore, with one application, you could avoid all the hassle of finding lenders providing same day loans.

Short term loans and Monzi

Here at Monzi, we understand that sometimes you need small loans for extra cash. After all, we’ve all been there at one point or another. That moment when you’re looking for a loan to tide you over. It may even be tempting to apply with lenders offering no credit check loans.

At Monzi, we’re passionate about making it easier for Aussies to find lenders that can offer loans with a short repayment term. Whether you need a few hundred for a few weeks or a few thousand for a few months, Monzi may be able to match you with a lender offering quick cash loans that you can repay over a short term.

We will always try to help, even if you’re searching for loans on Centrelink.

In short, our job is to pair you up with a lender who might be able to approve your cash loan application. Luckily, we have many lenders in Australia to put you in touch with. As a result, our in-depth knowledge of short term lending might help pair you with a lender offering loans to bad credit Aussies.

How do short term loans work?

Generally, consumers can apply directly with the lender online. From there, the lender assesses your application, taking into account your:

  • income
  • expenses
  • credit history
  • repayment history
  • Other relevant factors

Based on their assessment, your lender may offer you a loan contract. Your funds are transferred after you approve your contract.

Finally, a direct debit is set up from your account, so your repayments are automatically deducted until the loan settles.

Where do I find the best short term loans in Australia?

Looking for the best or most popular short term loans? It’s a little tricky to provide an answer.

This is because consumers often vary in what they look for in an Australian credit provider. In other words, one borrower may value an easy application process, while others may want a loan with flexible repayment terms.

You should, as a result, consider the following when looking for an online loan:

  • Amount on offer. Confirm the lender offers the loan amount you’re looking for.
  • Loan terms. Consider how long you will need to repay your loan. A longer repayment term may mean lower regular repayments. Shorter repayment terms may mean fewer fees.
  • Repayment flexibility. Some lenders may offer weekly, fortnightly or monthly repayments. Moreover, consider whether you want the option of paying your loan out early.
  • Fees. Government regulations limit what Australian credit providers can charge on certain loans. Despite this, lenders may still vary in terms of the fees they charge.

In addition, it may be a good idea to check the best short term loans reviews to get an idea of what other Aussie consumers have to say.

Short term loans bad credit: are they available?

Is your credit score looking a little worse for wear?

The good news is that there may be several lenders willing to offer short term bad credit loans. Best of all, Monzi can potentially help you find them.

In short, when it comes to bad credit loans, some lenders take a different approach. Rather than fixing their attention on your credit history, they’ll assess the bigger picture. In other words, to determine your outcome, lenders will assess your budget (via your bank account) and a number of other factors.

As a result, even if your credit history is a little bruised, you may still be able to access the cash loans you need now.

However, note that not all lenders will offer bad credit short term loans. Moreover, approval is not certain as lenders retain the right to approve or deny applications where they see fit.

Short term loans no credit check

If your credit history isn’t the best, then applying for a loan with no credit check may seem like an attractive option. After all, your lender won’t consider your past mistakes.

However, no credit check loans are often difficult to find. For most lenders, a credit check is a vital step in the assessment process. As a result, they are often unwilling to bypass it.

Given this, Monzi cannot guarantee if you will be offered a short term loan without a credit check. It will simply come down to your lender’s assessment policies.

Finally, keep in mind that credit checks aren’t always the be-all and end-all. As we mentioned, many lenders are now more willing to consider bad credit applicants. As a result, if you’re in a secure financial position, then you may still be able to access fast cash loans with bad credit.

What are the benefits of short term loans?

Short term cash loans may be a helpful option in certain situations. Moreover, they can give you the cash boost you need to see you through a financial emergency.

You may wish to consider these loans because:

  • Fast. You can often apply for these loans 100% online. This means a fast, paperwork-free application You can even apply from your mobile. Moreover, lenders quickly gather all your information and may be able to provide an outcome within the hour.
  • Criteria. Short term loans usually have relatively open criteria when compared to traditional lenders. If you have poor credit history or are on a low income, you may still be considered for approval.
  • Capped fees. The Government heavily regulates the short term loans industry and places caps on fees and rates.

What are the drawbacks of short term loans?

As with any credit product, there are a number of risks associated with short term loans. Therefore, be aware of the following before applying:

  • Fees. While the Government caps fees and charges on cash loans, they may still be relatively high when compared to other lenders. This is to compensate for the added risk of applicants with poor credit, as well as the short repayment terms.
  • Term. Depending on the lender, your repayment terms may be as short as 16 days. While shorter terms may mean less paid in overall interest, your regular repayments may also be unmanageable. This could result in missed payments and eventually, poor credit.

What are short term payday loans?

A payday loan in Australia is characterised by having a short repayment period, sometimes as few as four weeks. In addition, payday loans may come with no credit check.

Monzi may not be able to find you a payday loan. Instead, we try to match you with short term personal loan lenders. In short, these lenders may offer loans at larger amounts with repayment periods of several months to years.

What are the chances of getting a short term loan on Centrelink?

At Monzi, we work with lenders who may accept benefit payments as income. As a result, if you’re looking for a loan on Centrelink with a short term commitment, then you could consider applying with us.

Having said this, lenders can vary in their policies. While some may offer credit to benefit payment recipients, others are hesitant. In addition to this, your eligibility may vary based on the type of payment you receive (e.g. Youth Allowance). As a result, approval is not guaranteed.

Finally, remember that cash loans, and short term loans, in particular, can be expensive. As a result, if you’re receiving Centrelink, then this may not be the best choice for you. In other words, consider your financial situation before applying.

How can I get a short term loan with no paperwork?

At Monzi, we don’t like paperwork. Even the thought of filling out forms gets us annoyed. That’s why we’ve designed our application process to be paperwork-free.

So, when you’re looking to apply for short term loans without the hassle, turn to Monzi. All you need to do is select your loan amount and repayment term (where applicable), then enter a few necessary details. From there, we’ll take over and will attempt to match you with an available lender from our network.

However, keep in mind that while you can avoid the paperwork, Monzi cannot guarantee if you will be offered short term loans no credit checks no paperwork. After all, credit checks are completed at your lender’s discretion. Moreover, more often than not, they are a non-negotiable element of your assessment.

How much can I borrow?

That’s the first question most Monzi customers ask. First things first, it doesn’t matter if you need short term business loans or personal loans. You have the option to borrow money from $300 to $10,000. We can find you lenders who may be willing to offer you the specific amount you’re after.

How it works

When you’re stressed out and strapped for cash, the last thing you need is to face the daunting world of online loans and lenders. After all, you don’t need to feel even more frustrated than your situation has already made you. Therefore, the application process for Monzi’s lender-finder service is simple and streamlined.

In short, 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 form. This shouldn’t take you more than a few minutes, tops. After all, 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!

Click here for more information on applying.

Short term loans Australia

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 quick outcome for you. Next, our automated system will try to pair you with a lender from within our network who may offer the fast cash loans you need.

If we successfully match you with a lender, they’ll be in touch. From there, they’ll conduct their own assessment of your application. If you’re approved, your new lender will send through a digital loan contract. Approve your contract if you’re happy with all the terms and conditions of your loan. Finally, once you approve your contract, your lender should begin transferring your funds.

Finally, it doesn’t matter where you are in Australia, Monzi will try to help. If you’re living in New South Wales and need quick cash, we can try to help. Looking for cash loans in Victoria? No worries, Monzi is here.

In short, you can count on Monzi no matter where you are. You can even apply if you’re lost in the wilderness of Tasmania; Monzi does it all.

Who can use Monzi?

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. So, before you apply to use Monzi’s lender-finder service, just make sure that you:

  1. Are 18 years or older.
  2. Have a valid contact number and email address.
  3. Are an Australian citizen or permanent resident.
  4. Have proof you have been receiving a regular income for at least three months.

If you are unemployed and want a loan, make sure you are earning some sort of regular income.

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

Should I apply for short term loans with Monzi?

Searching the internet for lenders may quickly feel confusing. To make things a little easier, if you have been searching any of the following terms, consider applying with Monzi. Monzi may be able to find you an available lender willing to help with:

Short Term LoansShort Term Loans Australia
Best short term loans AustraliaShort term loans for bad credit same day
Most popular short term loansQuick short term loans
Centrelink loans short termCash loans short term
Short term loans easy approvalBad credit loans Australia short term
Short term loans for pensioners with bad creditOnline short term loans

How long does it take to repay short term loans?

On choosing one of the short term 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 short term loans ($300 – $2,000) within 12 months. On the other hand, loans from $2,100 to $10,000 may come with repayment terms ranging from 13 to 24 months.

Oh yes, and there’s also the option to make your repayments once a month, every fortnight, or even weekly. 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. The actual cost of your loan may differ depending on the lender you’re paired with.

What are short term loans interest rates like?

Ahhh. The big question.

When taking out credit, you will need to pay a certain amount of interest and fees on top of what you originally borrowed. Put simply, there’s no getting away from it.

As each lender may have different interest rates, we can’t give you an exact quote on what the interest rates will be on your loan. Therefore, you will need to get in contact with your lender directly for more information. To get an idea, though, you can visit our costs page.

However, as you may know, ASIC caps what Australian credit providers can legally charge you. These limits depend on the size of the loan. So, check out their website to determine how much you may be charged.

Finally, consider using an online loan calculator to get an idea of how your may costs may vary based on your terms.

short term loans used by smiling man with glasses

Do short term loans come with easy approval?

Some lenders may indeed offer loans with easier approvals than other credit providers. In short, this may include short term loans for bad credit, low income or a host of other circumstances. As a result, these short term loans with easy approvals could be an accessible credit option for you.

However, before you apply, you must remember that while some lenders may be more lenient in their requirements, your application will still be assessed to ensure the loan is suitable for you. As a result, approval is not guaranteed.

In any case, Monzi works with a network of understanding lenders. As a result, if you’ve got bad credit or other similar circumstance, we could be here to help you. Best of all, you can apply for short term loans from $300 to $2,000 with a 12-month repayment term.

Need a little more? That’s ok. You can potentially apply for up to $10,000 through Monzi. Scroll up and submit your application now.

Do banks offer short term loans?

Generally, the personal loans that banks could offer will differ from personal loans from online lenders, as the banking industry is heavily regulated. In particular, loans from banks may be characterised by a more stringent application process and longer processing times. As a result, it may take days to be approved and to see your funds.

Monzi, however, might be able to pair you with a lender who may be able to offer you a loan. In addition, we may find you lenders that could transfer your loan within 24 hours of signing your loan contract. Put simply, Monzi makes it simple to find lenders offering easy loans online.

Do short term loans affect your credit score?

Just like any other form of credit, these loans affect your credit rating. If you borrow money and make repayments according to the loan terms, your credit rating will improve. In other words, consistently making your repayments on time could improve your credit score.

On the other hand, if you consistently miss your repayments, your credit score could be negatively affected. Therefore, the way a loan affects your credit score is really up to you.

Do you conduct credit checks?

Are you on the hunt for short term cash loans in Australia with no credit checks? Well, at Monzi, we won’t access your credit report upon receiving your application.

However, we cannot guarantee that our partnered lenders won’t. As a result, each lender will have a unique vetting process that they will follow. Before granting quick loans to any Australian, some lenders conduct credit checks as part of their assessment process. However, we work with lenders who understand that you’re so much more than just a credit score.

In other words, even if your lender does conduct a credit assessment on your application, you may still be considered for approval.

When will my loan be paid out?

We understand that you want your short term loan paid out in minutes. That way, you can get the cash you need today to cover whatever expenses you’re dealing with. Unfortunately, though, Monzi cannot guarantee if you will be offered an instant short term loan.

In any case, when you apply with us, we’ll do what we can to pair you with a lender ASAP. From there, they will be in touch to assess your application. While lenders often work fast, all loan applications must be assessed, meaning that instant approval or same day loans won’t always be possible. Instead, there will always be some waiting time involved.

So, need a loan fast but don’t want to make a long term commitment? Turn to Monzi, we’ll do what we can to match you with a fast online lender today offer cash loans from $300. However, note that you won’t necessarily be paid out in minutes.

What are short term loans used for?

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

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 at the worst possible moment. Cars can be costly though, so it’s little wonder that 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. So, 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, 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.


Utility bills, bond loans, 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 with a travel loan to cover your holiday costs.

Medical fees

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 wind 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 may offer a short term loan 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.

New tech

Ever tried to live without a mobile phone? It’s almost impossible. As a result, if you’re looking to buy a new phone, Monzi might be able to put you in touch with a lender who can offer the quick cash you need. You could borrow money today and divide the cost of your purchase of the coming months.


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 the patio furniture that makes spending time in the garden even more enjoyable. Unfortunately, these pieces of furniture can cost a fortune. Therefore, a convenient short term personal loan may help to ease the struggle.


We tend to think of giving gifts as a luxury – unless it’s your anniversary or your partner’s birthday, of course! Therefore, 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.

So, if you’re after a short term loan, you can apply with Monzi for a lender that might offer a cash loan 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 offering quick loans same day. No fuss, just complete our application in minutes and we’ll get to work finding you a lender. Well, go ahead and give it a try. All you need is a touch of Monzi!

Can I apply if I’m on a low income?

Absolutely! Monzi does not discriminate when it comes to applicants. If you earn some sort of income, you’re free to apply. However, taking out new credit may not be your best option, especially if you are on a low income or unemployed. Therefore, please consider these alternatives to short term loans before making a decision.

No Interest Loans Scheme

The No Interest Loans Scheme (NILS) is a community focused initiative by Goodshepherd Microfinance. Put simply, NILS aims to provide low-income Aussies with safe access to credit. Specifically, you can apply for small amount loans to cover essential items and services, and then make interest and fee-free repayments over the coming months.

You can use NILS to pay for things like:

  • Fridges, washing machines and other essential household items.
  • Essential medical procedures and dental services.
  • Textbooks and computers for education.
  • Car repairs or registration.

NILS offers loans of up to $1,500 in over 600 locations nationwide.

Short term loan alternative – StepUP

StepUP is another initiative of Goodshepherd Microfinance. Moreover, Australian individuals and families can apply for short term cash loans from $800 to $3,000. With a low interest rate of 5.99% per annum, no fees and flexible repayment terms, StepUP may be a great option for Aussies looking to improve their quality of life.

The StepUP process looks like this:

  1. Enquire. Apply with StepUP online or by calling 13 64 57.
  2. Documentation. Your StepUP worker will provide you with paperwork which you need to complete.
  3. Interview. Bring your completed paperwork to a meeting with a StepUP representative.
  4. Assessment. Your application is assessed. A credit check is part of the assessment.
  5. Outcome. Lenders offer you a loan contract to look over and sign if they approve your application.
  6. Repayments. You make repayments either weekly, fortnightly or monthly.

Centrelink advance payment

If you receive Centrelink benefits, you may be able to receive an advance of your payment. Specifically, Centrelink gives you part of your future payment as a lump sum, which is then repaid out of your upcoming benefit payments.

Consider the following:

  • Amount. Depends on what Centrelink payment you receive. Also determined by the amount you can afford to repay in 6 months.
  • Term. Generally repaid within six months.
  • Interest & fees. No interest is charged, nor are any fees.
  • Purpose. You’re free to use your advance for general living expenses as well as one-off purchases.

To be eligible for an advance, make sure you can say yes to the following:

  • Receives a Centrelink payment, like:
    • Age Pension
    • Carer Payment
    • Disability Support Pension
    • Newstart
    • Youth Allowance for job seekers
    • Plus more.
  • Currently residing in Australia when requesting the advance.
  • No money owed to the Australian Government.

How can I get a small loan fast?

Instead of applying for payday loans immediately, why not consider a service like Monzi. Here’s how:

  • Enter in the amount you want to borrow and your ideal repayment terms.
  • We’ll try to find you an available lender.
  • If successful, your new lender will get in touch.
  • And that’s it! Easy, fast loans, without the stress of finding a lender.

What happens if I’m approved?

Lenders first assess your application and send you a contract if they can make an offer. You must read through your contract carefully to confirm you are happy with everything. After all, an instant unsecured personal loan for a bad credit may look different to a normal personal loan.

Therefore, confirm you are happy with the following:

  • Amount offered: lenders may not always be able to offer the exact amount you applied for on our site, but they’ll do their best.
  • The amount of time you have to repay your short term cash loan.
  • What are the fees and charges associated with the loan? Will you be charged for making early repayments?

If you are unhappy with something, get in contact with your lender directly before signing the contract.

Finally, you are under no obligation to approve your contract. You are free to walk away if you find the proposed short term loan unsuitable.

Let’s stay in touch

Want more Monzi content? Great! Stay in touch on Facebook, Instagram, Twitter and Pinterest.

If you want to learn a bit more about money management, enlist the help of the experts at MoneySmart.

Finally, if you have any questions about Monzi or our lender-finder service, then don’t hesitate to reach out. Just submit an online contact form here.

Factor In


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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


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 comparison rate on loans between $300 and $2000 could be up to 199.43%. 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. 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.

Loan amount

$2,100 - $4,600


13 months (minimum)

24 months (maximum)


47.8% Annual Percentage Rate (APR)

65.85% Comparison Rate p.a.


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


13 months (minimum)

24 months (maximum)


17% Annual Percentage Rate (APR)

36% Comparison Rate p.a.


Representative example based on a loan of $10,000 over 36 months a borrower can expect to pay a total of $16,489.

The starting interest rate for a Personal Loan is 17%. Comparison Rate 36% 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 $16,489. 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.