What's the process?

At Nemo, we know that taking out a secured loan is an important decision, so we have explained the process below so you know what to expect.

• Before you apply
  Before you apply, you might like to use Nemo’s loan calculator to see what your monthly repayments could be. Our secured loans calculator will show you Nemo's best secured loans which could be available to you, based on the amount you want to borrow, and the time over which you'd like to repay. If you like what you see, then you can apply online.
• Applying online
  If you’d like to apply online, you can either fill in our short application form or if you’re in a hurry, submit a call back request and Nemo will call you back at a time to suit you.
• What happens when Nemo calls you following your loan application
  When we call you, we’ll run through some basic details with you and will then run a credit search with your permission. Your dedicated Loan Officer will then be able to provide you with a quotation which will be based on the best secured loan we could offer you.
• What happens when you confirm you’re happy with your quotation
  If you’re happy with the secured loan Nemo is able to offer you, we’ll then send an application pack to you which will include all the documents you need to complete your loan.
• Getting your Nemo application pack
  When you receive your application pack, you’re in what is known as your consideration period. Your application pack will contain everything you need to complete the Nemo loan application process, starting off with an application form which we will have completed for you. You should check that all the details are correct and then fill in anything that is missing. There is also an Advance Copy of your Loan Agreement which is for reference only.
• What happens next
  Eight days into your consideration period, you’ll receive a copy of your signable credit agreement which needs to be signed by you and returned to Nemo. Once this is returned to us, we can then start to process your loan for payout. If you’re unsure about what to do with any of the information in your secured loan application pack, your loan officer will be on hand to help if you need to call them.
• Paying out your secured loan
  Before we pay out your secured loan, we contact all borrowers to re-confirm the details of your loan and to organise your direct debit. We will also check you have been happy with your loan process and answer any final questions you may have.