Personal Loan

Unsecured Personal Loan with Bad Credit

Is your bad credit hindering you from obtaining a loan? Bad credit could result from paid and unpaid defaults, court judgments, Part 9 Debt Agreement or bankruptcy and tends to create obstacles for applicants seeking finance.

Nmoni do not believe in putting up barriers to those seeking finance even if they have bad credit. You are still eligible to apply, as we will process your application based on your current serviceability and will not put too much focus on your past credit history. To meet this objective, we offer unsecured personal loans for bad credit Australia- wide, opening up a world of possibilities to our clients.

With personal loans starting $2001, you can get access to fast loans in no time. The application process for our personal loans is simple and straightforward, and can all be done online, from the application to the final approval. Here at Nmoni we also do not perform automatic credit checks, so your application will be assessed first and foremost on the information provided. Not only are our loans fast but as a direct lender we are involved in each and every step to ensure that you gain a great credit experience.

What is an unsecured loan?

An unsecured loan doesn’t provide any security against your property or car for the lender. Some benefits of an unsecured personal loan for those with bad credit in Australia include:

  • No risk to your personal property, meaning you won’t lose your home or assets if any unforeseen circumstances prevent you from paying your loan.
  • Can be used in a variety of ways, from financing a wedding to consolidating debt.
  • Often provides a lower interest rate than many credit cards, while allowing you to enjoy the same financial liberties.
  • Control over your repayment term and the amount that you feel comfortable with.

What is the difference between secured and unsecured loans?

A secured loan is secured against something you own, like your car or your house. If you can’t repay your debt on time, your lender could sell your asset to get their money back. An unsecured loan, on the other hand, is not secured against your property, thereby presenting a higher risk to your lender but greater peace of mind to you.

Can you get an unsecured personal loan with bad credit?

Nmoni can be a direct lender as well as a broker depending upon the loan amount, purpose or your credit history as we aim to offer you the best possible solution. With Nmoni, even individuals with bad credit can potentially find a loan that suits their circumstances! Your best interests are considered carefully, as we strive to meet your loan requirements. If you suit a deal provided by one of our partners, we will refer you to them. A display of good conduct such as a stable and regular income and few current debts/commitments can ultimately lead to fast approval of your credit financing. In some cases, guaranteed approval may be possible!

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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!

Why Choose nmoni
Top reasons that makes us great
Why Choose Online Application

Easy Online

Why Choose Flexible Loan Repayment

Flexible Loan

Why Choose Speedy Decision


Why Choose Fast Funding


Why Choose Credit History

Bad Credit
History Considered

Why Choose Risk Rates

Rate for Risk Rates Starting
From 7.65 % Comparison Rate*

Why Choose Secure

Your Information
is Secure

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Easy to use and fast!
  • No early termination fees
  • No upfront credit checks
  • Loan repayments are per customers request
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