A Debt Consolidation loan is designed to combine all your outstanding credit debts into one loan where the repayment is one and easy to manage. By having one loan repayment, you will be able to comfortably take care of your other commitments such as the cost of living and expenses whether expected or not.
At NMONI our debt consolidation loans aim to place you a better financial position and help you continue to move forward. It will improve your financial stability and help you save on excessive fees and charges. It can also act as a catalyst in improving your credit file.
We understand that sometimes situations do get out of control therefore we take each loan application on case by case basis.
To be eligible for a debt consolidation, you must either have a good credit score or can offer a property as security. We do not offer unsecured debt consolidation loans to clients that have bad credit history.
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.
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Come in and see us at our head office during office hours
Level 1, Suite 1 39 Plenty Road,
Bundoora, Victoria - 3083
Mon-Fri: 9:00am - 5:00pm AEST
Sat: 9:30am - 12:30pm AEST