Personal Loan

What is Loan for Tools?

Whether you’re starting an apprenticeship, launching your own business, or replacing your old equipment, you need the best tools for the job. Unfortunately, young apprentices and new business owners often don’t find themselves in a position to pay for the tools they need. That’s where a loan for tools from the team at Nmoni comes in.

At Nmoni, we can fund the purchase of your tools today, allowing you to get the education you need or properly launch your business without having to wait. Don’t get stuck with old equipment, second-hand tools, or the problem of not having the right gear for the job. Ask Nmoni about a loan for tools today.

When you choose a loan for tools from our team, you’re taking out a form of personal loan. This type of loan can also be used for a range of other purposes, such as purchasing a new car or performing renovations on the house. The only difference is that in this case, it will be a loan for tools that’s spent on the equipment you need.

Another option for this type of loan is a commercial loan. Commercial loans are specifically for business owners who need to purchase tools, hire staff, or accrue other resources to launch or grow their business.

Whatever type of loan for tools you choose, we can ensure a fast application and approval process. We don’t want your loan to get bogged down in unnecessary credit checks, which is why we’re more interested in your current financial situation.

You can apply for a loan for tools from Nmoni online.

Who is eligible to receive loan for tools?

Nmoni offers a range of personal loan options. This includes secured and unsecured loans, as well as loans for people who have been bankrupt or on a payment plan, and those who have defaulted on payments in the past. With Nmoni, bad credit history is no barrier to your loan for tools.

As long as you are 18 or over, a Permanent Australian Resident, currently employed, and you meet our other simple criteria, you will be eligible for a loan.

Click here to apply for a personal loan for tools with fast approval!

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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
Application

Why Choose Flexible Loan Repayment

Flexible Loan
Repayments

Why Choose Speedy Decision

Speedy
Decision

Why Choose Fast Funding

Fast
Funding

Why Choose Credit History

Bad Credit
History Considered

Why Choose Risk Rates

Rate for Risk Rates Starting
From 8.50 % Comparison Rate

Why Choose Secure

Your Information
is Secure

Ready to get started?
Easy to use and fast!
  • No early termination fees
  • No upfront credit checks
  • Loan repayments are per customers request
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Head Office

Level 1, Suite 1 39 Plenty Road,
Bundoora, Victoria - 3083
Australia.

Business Hours

Mon-Fri: 9:00am - 5:00pm AEST
Sat: 9:30am - 12:30pm AEST
Sunday: Closed