A secured loan is a loan secured against an asset such as property or vehicle. Here, at NMONI, our secured loans can expose you to lower interest rates as the loan is backed against the asset. A good display of banking conduct, stability in income and credit standing can heighten the exposure of a lower interest rate. Our secured loans can accommodate for all purposes such as for home improvements or renovations, travel/holiday, purchase of another asset, medical expenses, debt consolidation and many more.
Here, at NMONI, our secured loans cater for all type of credit clients whether good credit or bad credit. Bad credit may involve having entered a Part 9 Debt Agreement or Bankruptcy or even being discharged from the Bankruptcy. The requirement is you need to be at least 12 months into the Part 9 Debt Agreement or Bankruptcy for the application to be assessed. A Bad credit standing may also be a result of paid and/or unpaid defaults on the credit file which may create obstacles in obtaining finance. A good display of banking conduct, steadiness in income and overall capacity for the loan will attribute to the application especially if you have bad credit.
In addition to offering secured loans no matter where you are located in Australia, NMONI also does not perform upfront credit checks unlike other lenders. We will assess your application first, look at your income, your expenses and debts, overall serviceability level and banking conduct. We also strive to ensure our secured loan are tailored in accordance to your current circumstances including the repayments and loan term.
Moreover, not only is NMONI a credit provider but also licensed to be a broker (Credit Assistant Provider). This means we can refer your application, with your consent, to our partnered panel of lenders in accordance to your current circumstances, asset type and loan needs. The referral of your application also allows for all avenues in credit assistance to exhausted to overall ensure that your loan needs are meet and expose you to lower interest rates.
Although our secured loans are secured against your asset such as the property or car we nevertheless value our customers as primary priority. We ensure transparency in the loan details such as the fee involved and in the total repayments to be made. We also do not have account keeping fees nor early termination fees. We will also work with your current circumstances and can assess for further funds throughout the loan term to maintain that your loan needs continue to be meet.
Simply start our step by step processing by completing an application through our website for an secured loan, send your supporting documents and your application will be assessed.
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Level 1, Suite 1 39 Plenty Road,
Bundoora, Victoria - 3083
Mon-Fri: 9:00am - 5:00pm AEST
Sat: 9:30am - 12:30pm AEST