Bad Credit Loans

A Bad Credit loan is essentially for applicants who have 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 something 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 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.

To apply, you need to submit an application form and provide us with 90 days of bank statements which can be generated automatically using a secured link. We will also require a copy of your driver's licence or photo id along with Medicare Card and a document/bill with your current address on it.

For Employed clients we will require 2 most recent payslips and for Self Employed/Contractors/Sub Contractors clients we will require at least one most recent tax return.

Once we have received all the required documents, you will have an outcome within a few business hours.

When reviewing an application we will check the details you have provided us on the application form against your bank statements and will check if the applied loan is unsuitable for you. Responsible Lending criteria applies.

On approval, we provide a free, no-obligation quote and if satisfied, you can move onto taking the loan offer. The loan contract documents can be easily signed electronically so there is no paper work involved.

Once we receive the signed documents, we disburse the funds into your account straight away.

If you have any question feel free to call us on 03 9468 8200 or chat with us now.

If you are ready, click here to Apply!

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