Small Loans Can Come Quickly. Just Apply Today!

Small loans up to $10,000 with Monzi. Quick cash loan applications with no paperwork. Monzi could match you with a lender ASAP. Flexible repayment terms. No hassle. Apply now!

What are small loans?

These loans are a type of small unsecured personal loan up to $2,000. These bad credit loans generally have a 12 month repayment term and fast processing times. Monzi is able to find available lenders who may be able to offer small short term loans up to $2,000.

Do any lenders offer small loans with bad credit?

Yes. While in the past, lenders tended to avoid bad credit applicants, things have changed. These days, lenders are much more understanding of your circumstances when they assess your loan application.

In short, it’s all about a new focus. Rather than zeroing in on your credit score, lenders look at the bigger picture. While they will still assess your credit history, they’ll also look at the balance of your income and expenses to determine your capacity to meet your small loan repayments.

As a result, if you’ve worked yourself into a secure financial position then you can potentially be approved for a small loan with bad credit even with a few credit mistakes in your past.

However, keep in mind that not all lenders will be willing to offer small personal loans with bad credit. As a result, approval is not certain and may depend on the lender that you are dealing with.

Can I get small loans without a job?

In short, there may be some lenders willing to offer loans for unemployed individuals up to $2,000. However, this comes with a significant condition.

To be eligible, you will need to prove that you are earning regular income in some form. While that won’t be a wage, it could include rent payments received or potentially even benefit payments.

Without this, you will be denied as your loan application will be ineligible. After all, lenders must be sure that you can repay any money that you borrow.

In saying this, even if you can show this, approval is not certain. Offering unemployed loans is risky for lenders. As a result, they may be hesitant to offer these loan products.

Can I get small personal loans on the same day that I apply?

At Monzi, we work with a host of lenders who offer small quick loans online. In saying this, same day cash loans won’t always be possible. However, there may be a few things that you can do to improve your chances.

Firstly, you will need to apply during business hours. Do this, and we can potentially pair you with a lender in just 60 minutes. The other thing that you will need to do is supply all the required details when you apply. That way, your application can go off without a hitch.

If your application is approved, you’ll then be transferred your cash. Interbank transfer times do vary meaning access to your money won’t necessarily be immediate.

In any case, if everything goes perfectly, then it may be possible to receive your small same day loan. However, given that there are several factors at play, it’s often wise to account for a waiting time of up to 24 hours.

Can you find me small loans no credit check?

Often, people who search for no credit check loans are concerned about their poor credit history. Therefore, these borrowers may be inclined to apply for no credit check payday loans. Unfortunately, for most lenders, credit checks will be a necessary part of your loan assessment.

As we are only the lender-finder, Monzi cannot guarantee you will be offered a no credit check loan. However, please understand Monzi works with lenders who are prepared to look beyond your credit rating. In other words, lenders will prefer to look at your current relationship with money. Specifically, lenders consider your regular income, expenses and banking history before providing an outcome.

Our partners are true professionals. As such, they will take all relevant factors into account to determine your suitability for instant approval payday loans.

Can you find lenders offering small loans on Centrelink?

There are ways of borrowing money for people who need a short term cash loan but are receiving Centrelink benefits. In short, loans for Centrelink customers are small personal loans that can be repaid out of your Centrelink benefits. Monzi is able to find lenders that will count regular Centrelink payments as a form of income.

What expenses can I cover with small loans Australia?

In short, a small fast loan can cover almost any legitimate personal expenses. All you need to do is provide the exact reason when you apply. From there, your application will be assessed and you’ll receive an outcome.

While by no means an extensive list, some of the more common reasons for applying for a cash loan include:

Which lender offers the best small loans Australia?

In short, Monzi is unable to say. After all, we work with a range of great lenders as part of our lender-network. Moreover, the best lender for you may be different to another person.

In any case, if you’re looking for a small cash loan fast, then applying with Monzi could be the simple and convenient option. We’ll do what we can to pair you with an available lender offering the loans you need.

All the lenders in our network hold an Australia Credit Licence, meaning we’re sure that they will treat you fairly. At the end of the day, we’re here to try and ensure the best experience for all our users. So, if you need a loan, apply today.

How can I access low interest small loans?

If you apply and receive approval, then your interest rate will be outlined in your loan contract. In short, your interest rate determines the amount that you must pay on top of the principal amount that you borrowed. As a result, lower is usually better.

With this, if you’re looking to access a better rate then there are potentially a few things that you can do.

Firstly, if you’ve got a solid credit history then lenders may be prepared to offer you more competitive rates. After all, you’ve shown over time that you will make your repayments on time.

If this isn’t possible then securing the loan with an asset could be an option too. Guaranteeing your loan with your vehicle means that even if you are unable to make repayments, lenders still have a way to recover their losses. As a result, lenders face less risk and can potentially offer better rates.

In saying this, Monzi cannot guarantee if these strategies will result in a lower rate or if you will be offered a low rate personal loan. Ultimately, your interest rate will be determined by your lender. Often, costs will be high.

Do any lenders offer easy small loans?

Yes, some lenders may have terms that aren’t quite as strict as other lenders. As a result, they may be prepared to offer an easy loan for small amounts to consumers with less than ideal circumstances. For instance, this could include low-income earners, borrowers with bad credit or even benefit payment recipients.

However, as with all loans, your application will still be subjected to an assessment. While these lenders may be more understanding of your circumstances, that does not mean that approval is certain. To be offered small bad credit loans and other such products, you must still meet the lender’s eligibility requirements.

Small payday loans

Payday lenders are the epitome of speed. In short, they offer small cash amounts ranging from $300 to $2,000 with repayment terms of up to one year. When you apply, you can expect an outcome fast. After all, it’s what their business is built on.

Payday loans Australia typically exist to get you through until your next payday. With their small cash amounts and short-term repayment periods, you can potentially get the cash you need now and have your debt repaid before you know it.

At Monzi, we tend to work with lenders who specialise in personal loans. Best of all, these lenders will work fast and allow you to apply for loans from $300 to $10,000. Get started with Monzi today!

Find small loan lenders with Monzi

Small short term loans are like cash loans. If you need emergency cash after your budget is thrown into chaos, consider a small loan.

Monzi is a lender-finder that can potentially pair you with a credit provider. Even if you have poor credit history or are receiving Centrelink, we may still be able to pair you with a lender. In addition, Monzi may also find lenders offering medium and large personal loans of up to $10,000.

Looking for loans under $2,000? You may be eligible for payday loans.

Is Monzi for me?

At Monzi, we like to think we can help anyone find an available, licensed lender. Put simply, Monzi has helped people from all over Australia find a lender. Below is a table illustrating the type of loans our network of lenders’ small loans range.

Small LoansAmountApproved
Small loans for Centrelink customersAUD ($) 300
Quick small loansAUD ($) 1,200
Small cash loans bad creditAUD ($) 2,000

Disclaimer: Keep in mind that the above examples are for demonstrative purposes only. You might not be offered a loan.

Small personal loans Australia: find lenders with Monzi

Monzi caters to Aussies looking for small quick finance nationwide. In short, Monzi makes it easy to apply for small loans.

We may find a top-notch lender to provide loans for people on Centrelink and unsecured loans for Centrelink customers. In short, we help our customers find lenders when they need them most. We may be able to find lenders that could offer you secured personal loans from $2,100 to $10,000.

How we work

Put simply, you apply, and we get to work looking for an available lender.

Microloans are up to $2,000 and usually come with a 12 month repayment term. Therefore, you can access your cash now and spread your repayments over several months.

Keep in mind, no paperwork is required to apply. In addition, Monzi may find you a lender that might provide an instant loan outcome.

If your application is approved, lenders will be in contact. In addition, your lender will show you how repayments on small amount loans work.

What is a small cash loan?

Small cash loans from Monzi’s network of lenders are unsecured loans under $2,000, that can be processed quickly online. These credit products will have a repayment period of 12 months.

Monzi works with lenders that can offer you cash loans for bad credit for small amounts up to $2,000. However, if you need to borrow a little bit more, Monzi may be able to find you lenders offering cash amounts of up to $10,000.

How do I get small cash loans online?

There are a number of ways to apply online for a small personal loan. Initially, most people are able to find personal loan lenders online. However, the sheer volume of online lenders can often complicate things.

You are able to skip all of this with Monzi’s lender-finder service. With a single request, Monzi is able to search through our network of lenders to find an available credit provider. From there, we will pass your details on to the lender, and they will get in contact with you.

Forget multiple applications, queuing in a bank or mountains of paperwork. Make Monzi your new best friend in finance. Apply for a no paperwork loan today. It’s 100% online from start to finish.

How Monzi finds lenders offering small loans fast

Monzi’s lender-finder service can really fast-track applying for a small loan.

1. Fill in our online application form.

2. We’ll scan through hundreds of credit providers to find you an available lender.

3. If successful, your lender will first assess your application and get in contact if they can make you an offer.

4. Consumers will deal with their lender directly from here on in.

The loan slider shows you how small loan repayments might look. These are, however, just examples. The actual cost of your loan may vary depending on the lender you’re paired with.

So, Monzi’s lender-finder service could be the express ticket for getting in touch with a lender.

Where can I get loans online?

Initially, you could apply for a personal loan from a bank. Also, you may be able to apply for a bank loan in a branch. Generally, however, you’ll need good credit history to qualify for a personal loan from a bank.

On the other hand, you could apply through a short term lender. Short term lenders often have more lenient assessment criteria and may process your fast cash loan application before you known it. You may receive a same day loan after you approve the contract. This is, however, dependent on the lender and your own circumstances.

When you use Monzi’s lender-finder service, we take the hassle out of finding a lender. With one application, we’ll do our best to pair you with an available lender from our network. These lenders will then conduct their own assessment of your application.

Are you looking for information about other options available to you? Consumers could potentially apply for medium.

How can I get approved for a small loan?

Credit providers are required to lend money responsibly. Specifically, lenders will look to confirm your repayments will fit comfortably within your normal budget, even if you only borrow a small amount.

Please note, Monzi is not a credit provider. As a result, it is up to the lender themselves to approve or decline your application. Plus, each lender may have slightly different assessment criteria and procedures.

Small loans woman laughing while talking on phone with pink background

Small loans for bad credit: how can I improve my credit score?

Keen to avoid relying on bad credit finance? Luckily, it is certainly possible to improve your credit score. However, it will take time.

In short, your credit score is a reflection of your borrowing history. If you’ve made a few borrowing mistakes, then these listings can remain for on your credit report for up to seven years. However, if you can implement effective borrowing habits over a long period then slowly but surely you can see improvements.

As a guide, strategies to improve your credit score may include:

  • Pay your bills on time and in-full.
  • Keep your credit card debt to a minimum.
  • Rely on credit only when you need it.
  • Monitor your credit report regularly for mistakes and incorrect listing.

Is it hard to get a small loan?

As each lender is different, their assessment criteria and policies may differ as well. These credit products are generally unsecured, meaning they do pose a greater risk to the lender. As a result, attaching security against a larger loan may increase your chances of being approved when you need cash today. This is because attaching security guarantees the loan, allowing your lender to potentially recover their losses should you default.

Again, though, the assessment policies and criteria may differ from lender to lender. Therefore, if your lender declines your loan application, consider getting in contact with them for an explanation.

Who is eligible to apply?

To apply, you must be 18 years of age or older and a citizen or permanent resident of Australia. Plus, you need a valid mobile number and email address. Finally, you must have been receiving a regular income for the past 90 days, deposited into a personal bank account.

Keep in mind, qualifying to apply online does not guarantee approval.

Can Monzi help me find quick small loans with no credit check?

Are you concerned that your poor credit history will ruin your chances of approval? In this case, you may find yourself looking for loans no credit check. No credit check lenders will base their assessment on your income and expenses, not your credit score.

As Monzi is only the lender-finder, we can’t guarantee whether or not a lender will conduct a credit check. What we can guarantee, however, is that we work with lenders who prefer to look at your current relationship with money. So, credit check or not, these lenders may be able to look beyond the mistakes you made in the past.

Does Monzi work with lenders offering quick loans?

Monzi is able to find lenders that may be able to process your small loan application so quickly it may feel almost instant. Instant cash loans are processed fast and transferred into your account once you approve the loan contract. Access to funds will depend on inter-bank transfer times. You could, however, potentially see your loan within 24 hours of approving the contract.

Can we find lenders offering small loans bad credit Australia?

Monzi works with certain lenders that may offer loans for people with bad credit. See, both Monzi and the lenders we work with believe in second chances.

Therefore, if you have been turned down for credit before, why not consider using Monzi? We work with lenders who may approve your bad credit loan application.

Can I get a small loan as a pensioner?

Do you receive a pension from the Australian government? The good news is that you can still apply with Monzi. So, if you find yourself in a pickle and need a loan, you can apply from just $300 today. From there, we’ll do our best to match you with an understanding lender from our network. With this, individuals on the aged pension or disability support pension can apply.

However, if you are a low-income earner, then a pension loan may not be the most appropriate option for you. Borrowing money comes at a cost. As a result, if a pension is your primary source of income, then the repayments may not be affordable for you. As a result, it’s usually better to consider alternatives.

What are the possible costs?

Our lender-finding service is completely free; match or no match, you’ll never pay a cent. In addition, you can cancel at any time without incurring a cost.

When you apply online with Monzi, we search through our network of lenders to try and find an available credit provider. As each lender is a separate company, however, Monzi cannot guarantee what the cost of your small loan will be.

Ultimately, the cost of your small cash loan will be determined by your lender, as well as how much you borrow. Keep in mind, lenders may also charge establishment and monthly fee.

Transparent terms

Your lender will disclose the repayment terms in the loan contract. However, fees can differ depending on each lender and each loan type (e.g. an unsecured small loan vs a large secured loan).

As a lender-finder, we cannot guarantee what the fees and charges on your loan will be. Your loan contract, however, should outline all possible fees and charges. In addition, we recommend that you look at the costs page of the proposed lender. If you have questions regarding the terms of your loan, you’ll need to get in contact with your lender directly.

Micro loans – fast outcomes shouldn’t be a problem

Forget endless online loan searches, and annoying phone calls and meetings. Essentially, these are the benefits when you apply online with Monzi. Put simply, applications through Monzi are more convenient.

Consumers can lodge an application from any internet-capable device. In addition, our automated system is able to digitally access a lot of the information we need.

We will also need to confirm a few personal details, and MyGov login details if you are receiving Centrelink benefits. Also, your bank statements will be viewed by lenders in a read-only format. Our partners use the latest security software to protect your information, so your data is safe and sound.

Our partnership with you ends when and if we pair you with a lender. Next, your lender will conduct their own assessment of your application. Finally, if you’re approved, they’ll send through a copy of your digital loan contract.

Keep in mind, you are under no obligation to approve any credit contract offered to you. If you are unhappy with any of the terms and conditions offered, simply decline the contract. You will not be charged a cent for declining a contract.

Repayments are subject to the loan provider and their client terms. Usually, our clients and their lenders set up a direct debit, so repayments are automatic.

Instant small loans: are they possible?

Yes, there may be plenty of lenders willing to offer instant cash loans for Australians. However, it’s worth understanding what exactly is meant by an instant loan.

In short, you won’t get your cash the second that you apply. This is because, in Australia, all loan applications must undergo an assessment. With this, lenders must determine your suitability for credit and must not offer credit contracts that are unsuitable for the borrower’s needs and objectives. This is done through making inquiries into your financial situation.

Given this information, it’s evident that there will always be some processing time involved. As a result, instant loans refer to loans where you receive an outcome so quickly that it feels like no time has passed at all. In other words, lenders will waste no time in assessing your application. It’s all about speed and efficiency.

What is the smallest loan I can get?

The minimum loan amount you can apply for through our site is $300. Moreover, this amount may be ideal for covering an urgent bill or other minor expense. If, however, you are looking a small amount that’s less than $300, you may need to look elsewhere.

Luckily, certain lenders may be able to offer a small loan from as little as $100. Just make sure you understand all the terms and conditions before you apply online with these lenders.

Lenders that understand

At Monzi, we know that can emergencies strike without warning. After all, disaster may come in the form of sudden illness, accident, or divorce. Put simply, we work with lenders who are both reasonable and flexible. Just get in touch with your lender if you’d like to make changes to your repayment structure.

Ideally, get in contact with your lender 24 hours before your payment is due. If you fail to provide your lender will sufficient warning, then there may be little that they can do to help.

Any questions?

At Monzi, we love hearing from you. So, if you have any queries or concerns about what we can do for you, contact us at

Once we receive your message, our customer service team will do what they can to get back to you ASAP. Just remember that we only monitor this account during business hours. Moreover, as we are not a lender, we cannot answer specific questions regarding the personal loan you may be offered.

Monzi: an Aussie lender-finder

Monzi is not a lender, we only offer online referral services. In other words, Monzi does not fund any loans directly.

We refer applications to a third-party lender who decides if applicants fulfil their conditions. Next, the lender will inform you of their fees and other terms, where relevant. Also, please review offers and read loan contracts carefully before signing.

Our network of lenders can potentially offer bond loans, travel loans or a range of other products.

Responsible lenders

You can be sure you will match with a responsible lender through Monzi. More specifically, they will take their responsible lending obligations seriously.

This includes taking reasonable steps to verify your financial situation, as well as your financial objectives. Therefore, your lender will not offer you a credit contract they deem to be unsuitable for your situation. In other words, you should not be offered a loan you cannot afford.

To find out more, you can access a full copy of the Australian responsible lending guidelines online.

Finally, note that Monzi will only match you with lenders who hold a current Australian Credit Licence.

So, are you ready to apply?

A personal loan may have its advantages, but there are downsides too. They can be expensive and might not solve your debt issues. We recommend calling a free financial counsellor at 1800 007 007 if you have debt problems. This professional service can explain how these credit products work and suggest a course of action.

Keep in mind you have options for managing bills outside of micro loans. If you’re having trouble paying your utility bills, talk to your gas, electricity or water provider. Hopefully, your utility provider suggests other options available to you.

You may be eligible for an advance from Centrelink if you are receiving government benefits.

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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


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%. The minimum and maximum loan term is 12 months. 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.

Loan amount

$2,001 - $4,600


13 months (minimum)

24 months (maximum)


48% Annual Percentage Rate (APR)

67.41% Comparison Rate p.a.


Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principal Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.

The Annual Percentage Rate (APR) for Secured Medium Loans is 48%. The Typical Comparison Rate is 67.41% p.a. The minimum loan term is 13 months and the maximum loan term is 24 months. 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 (minimum)

24 months (maximum)


21.24% Annual Percentage Rate (APR)

48% Comparison Rate p.a.


Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principal Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.

The Annual Percentage Rate (APR) for Secured Large Amount Loans is 48%. Maximum Comparison Rate is 48% p.a. The minimum loan term is 13 months and the maximum loan term is 24 months. 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.