about us
We’re a cutting edge lender providing fast, no hassle loans. It’s simple – you can apply from your phone, we’ll process your application and contact you for anything else we need and you can get back to what you’d rather be doing.
credit scores
Traditional lenders are based on good or bad credit scores. We know life’s not that black and white. Our criteria takes into account your current situation to see if a Moni Market loan is a good fit for you.
cutting edge, flexible loans
A market leader in the Fintech space for short term lending our purpose designed platform drives significant efficiency, and complete transparency, often not found in the cumbersome processes of traditional financial service businesses.
what we do
We offer fast loans for people who need cash in a hurry. Our loans are a short term solution to relieve temporary cash flow problems.
ensuring regulation and compliance
As an ethical Financial Services Provider, Moni Market prides itself on being a responsible lender and we strive to be compliant in all respects, with strict credit criteria and legal requirements for qualifying loans. Regular internal audits are also performed to check our policies and systems for compliance.
Moni Market loans are…
flexible
Good credit? Bad credit? Don’t worry – we also consider your current situation.
fast
Our online loan application is quick and clear, apply online in 5 minutes.
upfront
There are no hidden fees. We’ll tell you all costs upfront. See our fees here.
warning about borrowing
Moni Market specialises in providing fast little loans. You can borrow K100 to K2000 for between 2 and 12 weeks.
When you get a loan with Moni Market, you know exactly what you are getting. We promise there are no hidden costs, no small print and no nasty surprises. What you see is what you get.
Our loans have been designed to provide quick, clear and fair finance for people who need help making ends meet.
Moni Market Financial Services Limited is a registered company operating within PNG.
The Credit Agreement (Loan Agreement) will be governed by the laws of PNG.
- Establishment Fee – K25
- K28 extension fee should you require additional time to repay
- Interest is charged at 25%, 40%, per day on the outstanding balance of the loan based on the original loan size
- K30 wage deduction fee if you fail to repay your loan
- K20 default fee if you fail to make your payment
We will get in touch with you if any of your payments dishonour and if you have a genuine reason we will do everything we can to help you. If you are able to make the payment within 36 hours we will not charge a default fee of K20.
If we have not been able to come to some agreement after ten days, or you have dishonoured more than once, we will arrange to recover the loan by wage deduction.
If we still have not been paid in full we will lodge a default against your credit report, this may be followed by legal action.
If you have experienced some form of hardship e.g. sickness, redundancy, family bereavement—between taking your loan and your payment we will look to put a new schedule together without adding additional fees.
If you fail to repay your loan it will negatively affect your credit rating.
Moni Market loans are only suitable to improve short term cash flow requirements.
Any advice provided is generic in nature and may not suit your individual needs. If you are already in debt we would advise you to seek professional budgeting advice before taking out a Moni Market loan.
If you have any questions about our loan, or do not understand what you are signing you should seek independent legal advice.