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 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 your 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 acquire 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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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 40 lenders.

3. Choose your loan

Choose your preferred lender with complete transparency of rates and fees.

4. We send you the money!

Review and sign the loan documents, and will 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 40 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.

Apply in 10 minutes

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

Intelligent decisions

We can provide approvals within a few hours using our personalised finance platform

Advanced Technology

Let our sophisticated finance platform work for you with a real-time personalised rate offer

Flexible loan repayments

To suit you and your situation.

Our experience is your advantage

We use our deep market experience to find you the best rate for your situation.

Ready to get started?

Apply anytime, anywhere