We manage so much of our lives online, it only makes sense to offer the same convenience for personal loans. Umi lets you apply and take care of everything you need to process your loan. And what’s better is your money is transferred directly into your bank account within two working days.
Sounds too good to be true, right? It’s possible with the backing of GE Capital, one of the largest financial lenders in Australia.
If you have any questions you can give us a call.
Personal loans are all about money. So naturally you don't want to pay more than you need to. And you won't with Umi as our rate is less than many other personal loans on the market.
Your time is as valuable as your money. That’s why we’ve streamlined our loan process to ensure you won’t waste either.
Apply anytime from anywhere. With Umi you don’t even need to leave your couch!
Choose what you want your loan for, how much you want to borrow and how long you want to pay it back.
Umi keeps borrowing clear and simple so you can make the most out of life. That usually starts at home.
Top up your savings with up to $15k and hit the road or water. Umi’s swift approvals and competitive rates mean we’ll have you driving, riding, sailing or cruising in no time.
Get a loan for a:
Whether it’s coral reefs, snow-filled slopes, bustling cities or coastal escapes, Umi can help you get away from it all.
Other figures you need to know:
You’re not confined by set regular payments so if you can afford a little extra, or a lot extra, then no problems. And there’s no early payout fee if you pay your loan out in the last six months.
$250
Once-off Establishment fee
A once-off fee for establishing your account
$10
Monthly service fee
Charged monthly on all loans
$150
Early payout fee
This will only be incurred if you pay out your
loan before the last six months of the loan term
$35
Late payment fee
Only incurred if you don’t make your
payment on time
Here’s every cost upfront, with the fees and charges across all Umi loans.
We offer two fee-free repayment options for your convenience:
For starters you will need a regular income with capacity to make your repayments. Use our easy repayment calculator to check your capacity. You’ll also need to be:
You also may need to be able to satisfy other credit and approval criteria
Applications take less than 15 minutes
You’ll need to tell us:
Within 60 seconds you’ll either be approved unconditionally, approved pending more information (like ID and/or proof of income) or declined.
Sometimes we need further proof of your income or that you are who you say you are, e.g. two recent payslips, driver's license or passport. If so, we’ll let you know during the application process.
Once you’ve accepted our loan offer we will electronically transfer your money into your account. This will take no longer than two working days.
^Based on an unsecured loan of $10,000 over 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Terms & conditions, fees & charges apply.