Bad Credit Loans

A Bad Credit loan is essentially for applicants who have an impaired and/or imperfect credit file as a result of defaults, Part 9 debt agreement or Bankruptcy.

Bad credit tends to create obstacles for applicants seeking finance as their past credit history becomes the primary measure. Here at nmoni, we understand that sometimes situations do get out of control therefore we take each loan application on case by case basis.

You may get approved for a bad credit loan if your current circumstances are good meaning if you have a regular income, have not borrowed 2 or more short term loans in the last 90 days, can afford a new loan and meet our responsible lending guidelines.

These loans can be secured or unsecured depending upon the loan amount, loan purpose and your situation.

We do not do upfront, automatic credit checks while you are submitting an application which means that we will go through your bank statements first rather than having an outcome that is purely based on your credit history. So we will give you a fair go.

Minimum eligibility criteria include 18 years or over in Age, Permanent Australian Resident and Employed with a regular income. Centerlink benefits can only be considered as a secondary income.