“Noble Loans are very misleading in many of their claims. Not even their phone number is up to date. I applied for an $8000 business start up loan with them online under their claim that no ABN Is required and no assets needed as security which was false. I was required to put all personal details as well as provide ABN and disclosed assets for security purposes. My car is worth $20k They pre-approved the loan for $5k but then only offered $3300. By that stage they had already wrecked my perfect credit score and made it harder for me to obtain any future loan from another lender. I'm planning on taking them to vcat. I don't believe their star review is real either based on my personal experience.”
“On face value Nobles web page all seems they will really try to help sole traders to start up a new business when on centrelink payments will still considered on the individuals circumstances ,,,, But i was redirected almost immediately to Max Fundings web page then , multiple speed humps started to appear ,all which were what nobles web page had advised may not be an issue.
Firstly and most upsetting was the fact my business had not yet started up ,,, even know i had spent over $6,000 of my own money on purchasing out right the higher value items needed for my business to begin to generate income , so my business was past the idea stages .
Secondly , vastly reduced amount was approved but in way of 3 part installments , not low interest rates as low as 1.8% more like with terms of %38 interest unless paid off faster .not possible to do if business is fundless.
End of the three days all of the processing with this application was pointless , had no option other than withdraw from the application ,.
Disappointing i am when trying to really have a go and move forward .”