security
ensuring your personal information is secure
Moni Market will protect any information provided to us or gathered by us about you. This information will be retained and used strictly in accordance with our privacy policy.
Moni Market takes all reasonable efforts to ensure the security and confidentiality of your personal information.
Moni Market uses secure socket layer (SSL) encryption technology, firewalls and other security measures to protect your personal and financial information.
However, even though Moni Market takes every reasonable effort to ensure the security of your personal information, the nature of the internet means that there can be no complete guarantees or warrantees relating to security. Because of this, Moni Market does not offer a guaranty or warranty for the security of the information you give us or which we obtain during the process of your application nor are we responsible for any consequent use of information that has been gained through unauthorised access of your information.
You have the right to access any information about yourself and can request that Moni Market correct this information. Should you want to access this information or have it corrected you need to contact our privacy officer. There could be a charge for this, which will be disclosed before you take the action.
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.