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What is the new humm?
What is the new humm?
humm is humm group’s new product that provides our customers with the flexibility to make their purchases at a point of sale in our merchant network to manage their spending and cash flow.
Listening to our customers about their changing needs in the current climate and working closely with our merchant partners, we have designed this product, in compliance with the National Credit Code (“NCC”) and other relevant laws dealing with consumer credit.
With humm, you can borrow up to $50,000 and pay it back in monthly or fortnightly instalments over 3-120 months*. You can access the new humm app or web portal to review your loan and manage your cashflow/payments
*Fees, charges and interest (if applicable) vary depending on the product type, merchant and the amount of credit. Your application will be subject to the product terms and conditions and lending criteria. Your loan schedule will detail the fees, charges and interest (if applicable) that apply, and specify if your contract is a low cost credit contract. Low cost credit contracts are subject to fee caps and interest will not apply. Please review your loan schedule and the product terms and conditions carefully before accepting. For more details, please refer to your loan schedule and the product terms and conditions.