Your weekly, fortnightly or monthly repayments will be direct debited out of your nominated bank account on the days that coincide with your income payments.
As your Lender of choice, we want to ensure that you get the loan approval that you want. We take the time to fully understand your situation and put together the best loan package we can for your individual circumstances. As we give many customers loans who do not qualify for a traditional bank loan, we do charge higher Interest Rates. Please read our Interest Rate Statement below.
If you are not happy with what we can offer you, you can simply let us know that you don’t wish to proceed with the loan offer, and it will cost you nothing nor affect your credit file.
No. We do not perform credit checks on every loan application.
Having said that, remember, we are Bad Credit experts, and we love giving people a financial Second Chance. So, even if there is something nasty on your credit file, that alone, will not necessarily stop you getting a loan with us, as we will take the time to understand and assess your circumstances.
We have a fast online loan process. Using the latest technologies to help you, we can have a loan pre-approval in place within hours. Some deals, however, require workshopping, which means it can take a certain amount of business days before we can give you an official outcome.
As part of our process, we make sure that we protect your credit file and credit score. To get your second chance loan with us, it’s important that you do not apply for any other loans right now. If you make other loan applications elsewhere, this will reduce your credit rating and could hurt your chances of obtaining the best car loan approval.
We are available for your call between 8:30am and 5pm Monday to Friday, or between 9am to 12pm on Saturdays. Simply call us on 07 5443 3863.
Its not a NO, it’s a not yet
If Ume Loans is unable to approve your application, we will explain to you why and what you can do to improve your financial situation so that you may be approved in the future. In fact, we have put together an article that details the 5 Steps you should take to improve your chances of getting a loan.
We use a secure, electronic link to obtain your last 3 months bank statements. This is by far the fastest way to get your application assessed ready for approval.
After applying online, you will need to make yourself available to talk to one of our Lending Specialists for around 20 minutes. During this call we will be asking lots of questions to better understand your current financial circumstances so we can offer you the most suitable loan. We will also need supporting documents such as:
On most occasions we simply verify your income from your last 3 months bank statements.
No, our minimum loan is $5000.
Yes. We take our obligation to be a responsible lender seriously and are very focused on compliance and treating every customer fairly.
Consumers are well protected when using Australian licenced lenders.
Our Australian Credit Licence number is 383502 and can be verified at https://asic.gov.au/
Ume Loans company policy is that someone on the loan must be working.
Even with some previous or current credit concerns, you may still be eligible for a loan with Ume Loans. Our Lending Specialists are experts in bad credit loans and we take the time to personally understand and assess your financial situation to make sure any loan we offer you is suitable.
We have FAQ’s on our web pages, customized to each page so the most relevant information is at your fingertips. You can see all our FAQ’s on the one page if you prefer
Our team just love helping our customers finance the things they love and want, whether it’s brand new or used car, boat, caravan, camper trailer, Jet Ski, motorcycle, or something bought with a personal loan, we are very happy to share our Ume Loans reviews.
Yes. Often a guarantor is not actually required by Ume Loans. However, in certain circumstances it may be appropriate, and, in these cases, your Lending Specialist will discuss this with you.
Yes. Ume Loans have no minimum credit score requirement. We are more interested in your future and your ability to repay a loan, than what has happened in the past.
If your customer experience has been great, please click one of the below links to provide a great review of the team member that helped you. If your customer experience was not good, we want you to email our founding director, Dan Fox to let us know personally, how we can improve. Email Dan directly on email@example.com