Credit Impaired Loans

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

Bad credit tends to create obstacles for applicants seeking finance as their past credit history is often used by lenders as the primary way to assess a loan application. Here at nmoni, we understand that life can sometimes throw some curve balls so 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 more than 2 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 any upfront or automatic credit checks while you are submitting an application which means that we will go through your bank statements and supporting documents first rather than having an outcome that is purely based on your credit history. Our process gives 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 photo id or birth certificate 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 your 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 suitable 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. If it’s a debt consolidation funds will go directly to the lenders and if its a car loan, funds go directly to the seller/dealer.

If you have any question feel free to call us on 03 9468 8200.

If you are ready, click here to apply!

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