The Moneyhub App is a digital platform that provides access to online loans in the form of a credit line to small business owners. Our partners provide us with their banking details so that we can disburse the loan to the partner bank account directly.

It does not matter if you are a salaried employee, a businessman, or a self-employed individual. You can apply for a loan. You can also apply if you are an entrepreneur with a loan of up to Rs 2,000,000.


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I have a friend (honestly) who needs a personal loan, most likely unsecured. I've never gone down this road before, so I don't have any personal knowledge to offer. But a bit of googling threw up Harmoney, which claims to offer loans of up to $70k unsecured. Setting aside the interest rates (which are like credit card rates), what is Harmoney like to deal with as a lender? Anything to be concerned about? Are there better alternatives (for the record, this friend's bank doesn't offer a personal, unsecured loan product)?

Depending on what it is for perhaps consider vehicle finance (if this is for a vehicle) or putting it on the home loan if they have that capability. I highly doubt a responsible lender, especially with the responsible lending code we have in NZ will lend that amount, unsecured with high interest.

Edit: I note you didn't really list the amount of the loan but said "up-to" in your example. On the first instance if your friend has good banking etiquette it'll be worth going through their bank first as often it is cheaper and comes with zero fees if you pay it off early. Many times you can actually barter with them a little on interest rates.

For the record, this kind of loan is not something I would ordinarily recommend. The high interest rates are pretty heavy. But my friend has been in the country for a couple of years, has residency, but hasn't yet acquired a significant asset (such as property) to secure a loan against. They need to help out family who are in a difficult position, but they don't have the cash readily available. They're looking for options to consider, and Harmoney was one of the first that popped up. I've also suggested contacting a financial advisor who may be able to suggest other options.

Most of t he banks offered unsecure personal loans for around 13% - 15% interest which is certainly a better option than anything nearing 20%ish. Approach whoever they do their regular banking with first imo.

Most of t he banks offered unsecure personal loans for around 13% - 15% interest which is certainly a better option than anything nearing 20%ish. Approach whoever they do their regular banking with first imo.

Vehicle loans can be used for all types of reasons, whether it is financing the purchase of a motorbike, car, carvan, campervan, boat or even a jetski. 

A vehicle loan could also be using an existing car you own to utilize the equity within your vehicle to borrow against and achieve a must lower interest rate than a personal loan.

Cashraising is where you use a vehicle that you already own, and us it as security for your loan to achieve a much lower interest rate, compare to an unsecured loan. Think about it like a mortgage but secured against a car, motorbike, boat, jetski or even commercial vehicles.

Yes, here at better we are proud of the tools we have to offer to help our clients pay off their debt faster and get debt free earlier. 

Some lenders will have fees and charges within their loan contracts if your loan is repaid before the term of the loan. So check the fine print before signing your contract.

Bad credit can seem like a burden when trying to get approved. A vehicle loan does help mitigate some of the risks from a lender when providing finance as there is collateral to claim against if the loan is unpaid.

Although being offered finance is not a given, a vehicle loan does open more options when there is a vehicle to use as security.

Yes. You can refinance your loan to a different lender even if you have finance secured against a vehicle. 

Refinancing can be a good option to reduce your annual interest rate, saving you money in the long run and helping to pay off your debt faster.

Make sure you consider fees to repay your existing debt early, and any additional fees in securing the new finance.

1. *Fixed interest rates for vehicle loans range from 9.95% p.a. to a maximum of 29.95% p.a. on a minimum 12 month to a maximum 60 month loan term. The actual interest rate charged to you will depend on your circumstances, the type of lending required, the security provided, and is determined by the lender. 

2. Fees apply, including an establishment fee of up to $450 and an introducer fee of up to $995. 

Example: A loan of $5,000 over 12 months at 10.95% p.a. has fees totaling $495 and a total repayment of $5,832.00 equating to 12 monthly payments of $486.00.

3. Approval is subject to meeting lending criteria, and affordability test applies. Our lender will independently assess whether you are eligible for a loan. We don't provide advice on whether a particular car loan offered by a lender is suitable for you.

4. One hour application decision subject to affordability test, the applicant meeting the lending criteria and supplying all the required information to process the loan application.

5. Same day payout subject to the applicant meeting the above conditions and completing loan documentation by 12pm.


If you have any questions, you can email homesandmoneyhub@lbbd.gov.uk or drop in to Barking Learning Centre, 2 Town Square, Barking, IG11 7NB or Dagenham Library, 1 Church Elm Lane, Dagenham, RM10 9QS.

Flashpoint intelligence analysts have taken a look at the cybercrime economy through the lens of dark web marketplace prices over the last two years. Everything is for sale here, from a $20,000 bank loan for next to nothing, through to services that will attack sites and services on a rental basis.

On September 13, I wrote about how an earlier dive into the dark web economy by Armor Threat Resistance Unit researchers revealed it was possible to exchange $800 (630) of Bitcoin for $10,000 (7,900) cash. At the time, that sounded like an unbeatable deal for those willing to break the law and face the jail time. And then along came the Flashpoint analysts who found even bigger illicit "bargains" in these dark web marketplaces. Access to a compromised bank account, known as a "bank log" in cybercrime parlance, with a balance of $10,000 (7,900), could be yours for $25 (19.75), for example. While personal information packages that enable a criminal to steal the victim's identity, or "fullz" as they are known, and achieve a promised $20,000 (15,800) bank loan cash-out were on offer for just $5 (4) more. If that sounds cheap, fullz packages start at around $4 (3) as they are seen as a commodity item within these circles.

Credit is almost as old as human civilisation itself. Ever since the first recorded loans were arranged in ancient Sumeria more than 5,000 years ago, lenders have asked the same question when making a decision: will this borrower be able to pay back my money?

Reduced loan delinquency: Lenders can use Open Banking to build engaging tools that assist borrowers in setting and tracking budgets, reducing the risk of missed payments and improving their repayment capacity.

Salad Money offers financial solutions to individuals seeking affordable and responsible borrowing options. Describing itself as a purpose-driven fintech, Salad Money offers small-sum loans to a range of applicants including key workers in the public sector and NHS.

Freedom Finance offers secured or personal loans, allowing applicants to compare deals from more than 50 leading UK lenders. It recently introduced an innovative scoring system called Fusion Score, which allows individuals to securely share their financial data using Open Banking.

The Moneyhub platform enables lenders and financial institutions to conduct in-depth affordability assessments to ensure that individuals are not burdened with excessive debt and can comfortably manage loan repayments.

Refinancing your home loan could allow you to pay for your renovation at home loan interest rates which would usually be more competitive than the interest rates charged on an unsecured personal loan.

You are protected by responsible lending laws. Because of these protections, the recommendations given to you about home loans are not regulated financial advice. This means that duties and requirements imposed on people who give financial advice do not apply to these recommendations. This includes a duty to comply with a code of conduct and a requirement to be licensed.

All applications are subject to Pepper's credit assessment and loan eligibility criteria and lending limits. Terms, conditions, fees and charges apply. Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser.

Nigeria-based startup Moneyhub is using mobile technology to create a new way to borrow and lend money. At the end of the loan, the principal and interest is refunded, and a credit score is generated. No collateral is required, people can loan money easy without a bank, all through the benefit of this MoneyHub loan App. 17dc91bb1f

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