Small Cash Loans Australia – $300 To $2,000 Quickly

Small cash loans from $300 to $2,000 applied for online with short repayment terms. Need a bigger cash loan? $2,100 to $10,000 personal loans available. Secured loans for bad credit consumers also considered.

How do small cash loans work?

Small pesky expenses are, at the best of times, annoying inconveniences. Despite this, expenses can quickly snowball and become a serious financial headache. If you cash in your account quickly, why not consider applying for small convenient loans?

Consumers apply for an unsecured loans between $300 and $2,000. Lenders then assess the application. The lender will often consider your:

  • income
  • expenses
  • spending habits
  • repayment history.

Lenders send through a digital loan contract if the application is approved. Depending on the lender, you may have up to 12 months to repay your loan. The direct debit stops automatically once the borrower settles their loan. Pretty easy, right?

Finally, consumers can spend their loans essentially like cash.

Are all small loans unsecured?

Any loan under $2,000 will be unsecured. This is because Australian Law prohibits credit contracts worth less than $2,000 to be secured.

If, however, you apply for loans over $2,000, you may be required to use an asset as collateral against the loan. Usually, lenders are able to accept one of the following as security:

  • car
  • caravan
  • motorcycle
  • boat.

Moreover, using one of your assets as security may increase your chances of approval. Why? Well, lenders can repossess your asset if you fail to repay your loan. On the other hand, lenders have no such option for unsecured loans. As a result, unsecured loans may be seen as riskier than secured loans, and may come with higher rates and fees.

Small cash loans Australia wide

No matter where you are in Australia, you can use Monzi to apply for cash loans; all you need is a device and an internet connection.

In fact, Monzi has already helped people from all over the country – Aussies just like you! Here are just a few examples:

Small cash loansAmount approved (AUD)Location
Small cash loans same day$500Port Hedland, WA
Short term loans bad credit$900Colac, VIC
Instant approval loans need cash today$1,700Tuncurry, NSW

Am I eligible?

Consumers must meet all eligibility criteria before starting with Monzi.

  1. 18 years of age or older.
  2. Have Australian Citizenship or hold Permanent Residency.
  3. Have a personal contact number and email address.
  4. Earn a consistent income for the most recent 3 months.

Do you meet everything listed above? You’re free to apply with Monzi.

Please note, however, that we cannot guarantee you will be approved. Each lender in our network may have their own eligibility criteria you will need to meet before approval. In short, being eligible to apply with Monzi does not mean you will be offered a loan.

Fast small cash loans for urgent expenses

Life in Australia is beautiful. Unfortunately, however, we aren’t exempt from life’s more unexpected moments.

If you have to move house at short notice, or urgently need a loan for a new set of tyres, head over to Monzi. We work with an extensive network of credit providers, potentially able to offer the fast emergency cash loan you need.

What’s more, our loans application is super easy to complete. From there, we’ll do our best to match you with a potential lender as quickly as possible.

If you’re approved, you might have access to your cash loans the same day or the next business day at the latest. Keep in mind, access to cash is dependent on inter-bank transfer times.

Can I apply if I’m unemployed?

You’re welcome to apply if you’re unemployed, you just may not be approved.

This is because you will need to show you are earning a regular and consistent income. After all, you need to repay your loan according to your loan terms. As such, lenders will always look to confirm you earn a sufficient income.

If you are unemployed, you might be considered for approval if you can prove you:

  • receive a sufficient Centrelink payment; or
  • earn income through an asset like a rental property.

If, however, you are unemployed or receiving benefits, please consider all the other options available to you. In short, it can be expensive to borrow small amounts of money and it may not solve your financial issues.

In particular, get in contact with the Department of Human Services to see if you’re eligible for assistance. Alternatively, get in contact with your utility provider if you are struggling to afford certain bills.

Finally, call 1800 007 007 from anywhere in Australia. This number is free to call and you will be put in touch with an independent financial counsellor. In short, consumers can explore the options available to them.

Is it possible to apply for small cash loans no credit check?

Anyone is welcome to apply for small loans on Monzi. Unfortunately, however, we cannot guarantee you’ll be offered a loan without a credit check.

This is because each lender may go about assessing applications differently. In other words, certain lenders might offer a no credit check loan, while others may not.

Moreover, each lender within our network is completely separate to Monzi, so we cannot speak on their behalf.

If you are worried that your credit score is so poor that you’ll automatically be declined, don’t stress. The lenders within Monzi’s network live in the real world, and will always try to consider the whole picture. In particular, lenders will also consider:

  • Your regular income
  • Your day to day expenses
  • Overall spending habits
  • How reliable you are paying back other lenders.

To conclude, a bankruptcy from your past may not stand between you and approval.

Short term loans to see you through

Short term cash loans may be an option for covering a less-than-expected cost. Moreover, you can get the funds you need now while spreading your repayments over several months.

Moreover, fast short term loans mean you get that cash pronto! So, if your oven has decided to blow black smoke instead of cooking the Christmas ham, consider Monzi.

You may be able to apply in minutes and receive an outcome in no time. If a lender assesses and approves your application, you could potentially have your money before the end of the day.

As a result, you save Christmas dinner and your repayments are manageably spread over months.

The best thing about short term cash loans? You can use the money on essentially whatever you want. This may include:

  • Car repairs
  • Rental bond
  • Removalists
  • Car registration
  • Plane tickets and holiday expenses.

Smiling woman sitting in front of aqua wall using laptop to apply for small cash loans

Payday loans vs. small personal loans?

Payday loans and personal loans might look similar on the surface. Despite this, there are a few key differences between the two types of money lenders.

Payday loans, for example, generally offer easy approval and may come without a credit check. These loans, however, are generally valued at $2,000 and under, with relatively short repayment terms. Moreover, consumers apply for these loans online, Australia wide.

Personal loans may, on the other hand, be offered at larger amounts, sometimes up to $10,000. Moreover, these lenders are usually able to offer both secured and unsecured loans.

I need small cash loans now – how do I apply?

Have an urgent expense you need to be covered ASAP? Take a deep breath and consider Monzi; our application is easy and shouldn’t take you very long. In fact, the whole lender-finder process takes only 3 simple steps.

  1. Select the amount you’re thinking of applying for on the loan slider. Click apply now if you’re happy with your selection.
  2. Complete the submission form by following the instructions at each step. Once you submit your application, sit back and relax.
  3. If we match you with a lender, they will first assess your application and offer a loan contract if you’re approved.

Keep in mind, consumers are not guaranteed approval.

Small cash loans on Centrelink – can I find them here?

There potentially are lenders in our network willing to consider Centrelink applicants.

As always, however, approval is never guaranteed. Furthermore, individual lenders may have their own rules around Centrelink applicants. For example, lenders may vary in terms of:

  • The type of payment they can accept (e.g. Disability Support Pension, Newstart)
  • What percentage of your total income these benefits make up.

At the end of the day, lenders assess applications on a case-by-case basis.

What about a same day loan?

Are you looking to get your cash the same day you approve your loan contract? Well, the good news is same day access to funds is definitely possible. The bad news? There’s no guarantee.

Ultimately, a number of external factors determine your access to funds. To give you a better idea, the list below outlines what might affect your access to funds.

  • Banking rounds. Lenders may have points throughout the day when they transfer loans to borrowers. Generally, the final round of banking will be towards the end of the day. Consumers may only receive their money the next business day if they miss the final round of banking. Normally, there are no rounds of banking over the weekend or on public holidays.
  • Banks. Who you bank with may also affect when you see your cash. Specifically, transfer times between certain banks may be quicker than others.
  • Your application. The nature of your application may also affect outcome speeds. After all, no two applications are the same, and it may be quicker to assess certain ones.

Where do I find cash loans for bad credit?

Bad credit history has a way of overstaying its welcome. Moreover, a few financial slip-ups in your past may impact your ability to access credit. Bad credit history may be the result of:

  • Repeated missed payments
  • Bankruptcy
  • Court orders
  • Debt agreements.

Monzi’s network of lenders, however, look at bad credit differently. In other words, these lenders will look at the whole financial picture and not just your credit history. Specifically, bad credit lenders also consider your:

  • income
  • expenses
  • repayment history
  • spending habits.

As a result, you may be considered for approval if you apply with Monzi.

How quick are instant loans?

Processing times vary between lenders. Moreover, certain applications may be quicker to assess than others. There is, as a result, no guarantee of whether you will receive an instant loan.

As mentioned, processing times vary. If Monzi pairs you with a lender, they will first assess your application before providing an outcome. Depending on the lender, as well as your application, you might receive an outcome within an hour.

How do I repay quick small cash loans?

Repaying your quick cash loan is straightforward and hassle-free. The list below outlines how the repayment process works.

  1. Consumers and lenders agree to repayment terms.
  2. Lender sets up direct debit.
  3. Repayments automatically come out on the agreed cycle.
  4. Direct debit automatically stops once the loan settles.

As you can see, the main thing you need to worry about is making sure there is enough money in your account each time the repayment day rolls around.

Get in contact with your lender if you cannot afford an upcoming repayment. If you give them enough notice, they may be able to waive or reschedule your payment for a fee. Generally, you will need to provide at least 24 hours notice.

Why Monzi?

It’s no surprise that we think our lender-finder service is pretty incredible. Ultimately, however, it’s not ourselves we’re trying to convince, it’s you.

So, in an effort to sway any undecided consumers, here are a few of our favourite things about Monzi:

Apply 24/7

We love our 100% online business model. Not only is it incredibly straightforward to use, but consumers can apply 24/7. In short, if you have an internet connection and a device, you’re ready to get going.

Bear in mind, you may not receive an outcome until the next business day if you apply outside of normal business hours.

Paperwork free

Another huge benefit of our 100% online business – no mountains of paperwork!

After all, our smart system is often able to digitally access a lot of the information we need. As a result, consumers can forget having to rifle through filing cabinets or dustbins to find old bank statements.

Security is paramount

We ask you to provide your internet banking logins when you apply. Moreover, we understand that this may make some consumers nervous; let us assuage those fears.

The security of all your information is protected by both tech-security companies McAfee and Comodo. You can, as a result, rest assured your information is always kept safe and secure.

Spend small cash loans how you wish

If you are approved for a loan, you’re free to spend your money as you wish. After all, these loans can be spent essentially like cash!

In other words, you can use your money to cover any legal expense. The list below outlines some of the more popular expenses people cover.

  • Minor car repairs. Need a new radio? Maybe a new set of tires? Whatever it is, cash loans of up to $2,000 may be a great way of getting you back in the driver’s seat.
  • Pet expenses. Don’t leave your furry friend sleeping outside this winter; why not buy them a kennel fit for a king?
  • Appliances and whitegoods. From toasters to washing machines and everything in between.
  • Presents. Is a birthday or anniversary is approaching quicker than your budget cares for? Don’t let your loved ones go without. Get them the perfect gift now, and then spread your repayments over the coming months.

Not happy? No stress

Lenders send through a digital loan contract if they feel they can make you an offer. Keep in mind, the loan you’re offered may not exactly reflect what you originally applied for on our site. Therefore, it is very important you read through your contract carefully before approving anything. In particular, pay attention to:

  • amount offered
  • repayment terms
  • rates and fees.

The good news is you are under absolutely no obligation to approve the contract offered to you. If you don’t like it, simply walk away – easy as!

Easy repayments

Making repayments is easy and generally automatic. This is because a direct debit is often set up from your account.

Keep in mind, you should get in contact with your lender ASAP if you feel you are going to miss a repayment. While there are no guarantees, lenders may be able to cancel or reschedule your repayment for a contractual fee.

Ready to apply?

Consult our FAQs page if you have any further questions. Alternatively, get in contact with us directly at

Keep up with Monzi Loans on Facebook, Instagram, Twitter and Pinterest.

Factor In


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


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.

The Interest Rate for Secured Medium Loans is 48%. The Typical Comparison Rate is 67.41% p.a. 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

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.

The Interest Rate for Secured Large Amount Loans is 48%. Maximum Comparison Rate is 48% p.a. 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.