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 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 $3,000, you can get access to these 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.

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How we find great rates

1. Complete our online application

10 minutes is all it takes.

2. We search for the best lenders

We go to work to find the best deal for your situation from a panel of over 20 lenders.

3. Choose your loan

Choose your preferred lender with complete transparency of rates and fee's.

4. We send you the money!

Review and sign the loan documents and we transfer the money within 24 hours.

Use the nmoni advantage to save

We compare, you save

We'll find a great deal from our panel of over 20 lenders.

Low rates

We use our 20 years of experience and cutting edge technology to find you the lowest possible rate for your circumstances

Protect your credit score

Applying for a loan won't impact your credit score until you are ready to proceed.

No nasty surprises

All fees and charges are fully disclosed upfront so you know exactly what is going on and what it’s going to cost.

Easy. Apply in 10 minutes.

We’ve built a simple, easy and secure online system to fast track your loan request.

Speedy decisions

We can provide approvals within a few hours.

Fast Funding

Get your funds the same day.

Flexible loan repayments

To suit you and your situation.

Bad credit history considered

We look beyond your credit score to understand your situation.

Ready to get started?

Apply anytime, any where