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Previously operating under the name Needy Money, nmoni has extended its loan offering to provide a wider range of loans to people in need of finance. These include both secured and unsecured personal loan options.
nmoni's personal loans are available to both good and bad credit borrowers. This is because nmoni assesses its customers' needs and financial status on an individual basis. Borrowers with good credit are able to apply for low interest personal loans, while alternative options are available for people with lower credit scores, bankruptcies or those on Centrelink payments.
As well as being a lender, nmoni is also a licensed broker. So, if it can't provide you with a personal loan itself, one of its reputable partnered lenders may be able to help meet your borrowing requirements. nmoni does not perform upfront credit checks.
1 to 7 years
Term of loan
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Product Name | nmoni personal loan |
---|---|
Minimum loan amount | $2,001 |
Loan term | 1 to 7 years |
If you're struggling financially and would like to speak to someone for free financial advice, information and assistance you can call the Financial Counsellors hotline on 1800 007 007 (open from 9:30am to 4pm, Monday to Friday). If you are suffering financial problems related to the coronavirus pandemic you may be eligible for additional support. Find out more here: https://www.finder.com.au/coronavirus-financial-help
Do you really need a loan today?*
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.
Check your options before you borrow:
The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.
* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.
Once you've completed an application form for a nmoni personal loan and provided the supporting documents, nmoni will assess your current financial circumstances to determine which interest rate is applicable to you. If you have a good credit score, you could qualify for a low interest personal loan. If your credit score is less than perfect, you may be required to pay a higher interest rate or provide asset security.
Once your application is approved, nmoni will email you a loan contract. Depending on your circumstances, this could be a contract for a loan with nmoni or one of its lending partners. If you agree to the terms of the contract, nmoni will deposit the funds into your nominated bank account the same day or overnight.
nmoni personal loans are available from $2,001. There is no maximum limit to the amount that can be borrowed. This is because the maximum that can be borrowed will depend on factors including the circumstances of the borrower, the purpose of the loan and whether or not security is required. nmoni also provides a range of other loans.
The following features apply to nmoni loans:
Because nmoni offers a range of personal loans to applicants with different financial backgrounds, fees and charges will vary. However, nmoni charges:
Please note that borrowers who opt for financing from nmoni's lending partners may have to pay the above fees.
Other fees and charges may also apply. These will be outlined in a loan's contract. Therefore, it's always important to read a contract thoroughly prior to signing.
In order to qualify for a loan through nmoni, applicants must be:
Borrowers can apply for nmoni personal loans completely online. To apply for a loan with nmoni, simply click "Go to site" to submit an application. You will need to provide the following documentation:
nmoni will respond to applications within one business day.
While nmoni may be an option worth considering for your circumstances, remember to compare other $5,000 loan options prior to submitting an application.