Novuna Personal Finance Review 2022: All You Need To Know

In this article, You will learn about Novuna Personal Finance and provides insight into the future of money on Novuna Personal Finance. Novuna Personal Finance approaches financing in a very personal way.

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They personalize their loans to your needs, from automobiles to campervans, and home upgrades to vacations, making the procedure as simple and stress-free as possible. They also provide excellent customer service, which distinguishes them from others.

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What Is Novuna Personal Finance?

Novuna Personal Finance is a trading name of Mitsubishi HC Capital UK PLC, one of the UK’s top financial services organizations with millions of clients and a reputation for offering innovative finance solutions that assist people and businesses in realizing their goals.

Formerly Hitachi Personal Finance, we rebranded from Hitachi Capital (UK) PLC to Novuna on February 14, 2022, which is taken from the Latin words “Novo” – To Make New and “Una” – Together. They believe this expresses their business’s spirit and ongoing dedication to providing competitive goods and exceptional customer experiences that consumers appreciate.

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They provide some of the most inexpensive rates on the market, starting at 3.6 percent APR Representative on loans ranging from £7,500 to £25,000.

Their quick, straightforward online application takes minutes to complete, and if accepted, the funds might be in your account within 48 hours (excluding weekends and Bank Holidays).

Who Owns Novuna Personal Finance?

Novuna Personal Finance is a financial technology firm that provides personal finance products and services. Novuna was created in 2016 and is headquartered in San Francisco, California.

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A consortium of private investors, including venture capitalists and individual investors, control Novuna. These investors have contributed more than $50 million to Novuna.

Novuna provides personal finance products such as credit cards, savings accounts, and checking accounts. Novuna also provides personal financial services, including budgeting and credit counseling.

Novuna has received accolades for its unique approach to personal finance. Several magazines, including Forbes, TechCrunch, and VentureBeat, have covered the startup.

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What Does Novuna Personal Finance Do?

Novuna Personal Finance may assist you in making your aspirations a reality. Our low-interest personal loans are tailored to you, with an online application that makes the process quick and straightforward. 

Hitachi Personal Finance loans have a fixed interest rate, which means the amount you pay back to your loan total each month will remain the same. This might make managing your monthly payments easier because the amount you have to set away will not fluctuate.

Pros Of Novuna Personal Finance

Using Novuna Personal Finance has various advantages:

  • It is a highly user-friendly platform. It is simple to open an account and begin managing your funds.
  • Novuna provides many services to assist you in managing your money. Budgets, expenditure tracking, and goal setting are all possible.
  • Novuna is an excellent tool for assisting you in saving money. It has several tools that might assist you in reducing your expenditure and finding methods to save money.
  • Novuna is a low-cost platform that offers a free trial period before charging $5 per month.
  • Novuna Personal Finance is an excellent tool for managing your finances. Easy to use, with a wide range of options, and reasonably priced. If you’re searching for a unique financial platform, Novuna is an excellent option.

Cons Of Novuna Personal Finance

Before joining Novuna Personal Finance, you should know the following disadvantages.

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Novuna is that there is no free trial period, which implies you’ll have to pay for the service right now. Novuna also does not provide refunds, so if you are dissatisfied with the service, you will be unable to obtain a refund.

Novuna is that it is exclusively sold in the United States. This implies you won’t be able to utilize the service if you live in another nation.

Novuna Personal Finance is a new firm. As a result, there isn’t a lot of information out there regarding it. This lack of information might make deciding if Novuna is appropriate for you challenging.

Is Novuna Hitachi?

Mitsubishi HC Capital UK PLC, the new name for Hitachi Capital (UK) PLC, trades as Novuna. Novuna leverages on four decades of experience as one of the UK’s most successful and trusted financial services firms Hitachi Capital (UK) PLC.

What Happened To Hitachi Finance?

They rebranded from Hitachi Personal Finance to Novuna Personal Finance on February 14, 2022, with a new design and feel. They’re ecstatic with their new brand and hope you enjoy it as much as they do.

Is Hitachi And Novuna The Same?

Hitachi and Novuna are two different corporations. Novuna is a personal finance firm that provides tools and services to assist people in managing their finances. Hitachi is a Japanese multinational corporation that provides various products and services, including financial services.

Novuna Personal Finance Contact

Novuna Personal Finance is a financial services firm that provides its customers with a wide range of goods and services. This category falls under personal loans, credit cards, financial advice, and other services.

Excellent customer service is a trademark of the organization. Novuna Personal Finance may be reached by phone or email. The firm also has a comprehensive website with a wealth of information about its goods and services.

Overall, Novuna Personal Finance is a fantastic firm that provides its consumers with a wide choice of financial services. Whether you need a personal loan, credit card, or financial guidance is an excellent option.

Novuna Personal Finance On Bank Statement

Novuna Personal Finance is an excellent alternative if you want an easy and effective approach to managing your funds. This program keeps track of your expenditures and assists you in staying within your budget. All your transactions can be viewed in one spot, and you can classify them to understand where your money is going. The software also has a useful function that displays your money balance on your home screen.

Novuna Personal Finance is available for free download and usage. There are, however, certain extra premium features that you may purchase if you so choose. For example, you may upgrade to the app’s premium edition to access additional features such as bill tracking and goal setting.

Novuna Personal Finance is an excellent financial management tool. It’s simple to use and has all the functionality you need to keep track of your spending.

Read Also:

10 Ways to Rapidly Catch Up on Your Retirement Savings in Your 40s

30 Simple Ways to Save Money Fast on a Low Income

5 Best Investment Portfolio Management Software for Individuals

Novuna Personal Finance App

Novuna is a personal finance app that assists you in budgeting and making smarter financial decisions. The software provides a comprehensive picture of your finances, allowing you to understand where your money is going and where you may save it. Novuna also offers tailored advice depending on your financial condition and objectives.

Novuna is an excellent tool for everyone who wishes to manage their finances better. The software is simple to use and has many valuable functions. If you’re seeking an all-in-one money management solution, Novuna is well worth a look.

FAQs

Why Was My Loan Approved Then Declined?

If your loan was granted but refused, Novuna may want further information to verify and accept your loan application. To supply the necessary information, we recommend calling Novuna Personal Finance. Before being approved, you may be required to pass a security check.

Can I Withdraw From A Novuna Loan?

Yes, Novuna allows you to execute the loan agreement within 30 days of the loan being accepted. If you do not sign the agreement at this point, you will be immediately pulled from the loan and must begin the procedure all over again.

After you have signed the agreement, you have 14 days to determine whether or not to cancel the loan by phoning the Novuna customer care team at 0344 375 5500. You must then repay the entire amount within 30 days.

Novuna does not levy a penalty for early repayment or overpayment during the loan period; nevertheless, you should review the terms of your loan offer to determine whether you may save money on interest.

Will I Need To Sign a Paper Agreement?

If you finish your application online, you may e-sign the loan agreement, making the entire loan procedure paperless.

What Is Meant By The Term ‘Mortgage Age’ On The Novuna Application Form?

On Novuna’s application form, “mortgage age” refers to the entire period you have held a mortgage at the address you are using for your application. Similarly, “time at the bank” refers to the entire amount of time you have been a customer of the bank mentioned in your application.

When Will I Hear About The Outcome Of My Application?

Once your application has been filed, a decision should be made immediately; however, further information may be required in certain situations.

Do Novuna Offer Preferential Rates Or Discounts For New Or Existing Customers?

Novuna does not presently provide special rates.

Does Novuna Charge An Application Fee?

No, there is no application/arrangement/product cost charged by Novuna.

What Does A Credit Search Involve?

Suppose you apply for a loan through Novuna. In that case, it will conduct a credit file check through a Credit Reference Agency to examine your previous and current financial obligations and their payment history. Novuna’s searches will be recorded on your credit report so that other lenders are aware of Novuna’s demands.

Does Novunai Offer Joint Loans?

No, Novuna does not currently offer joint loans.

Conclusion

Novuna is a great personal finance app that helps you keep track of your spending, saving, and goals. The app is easy to use and has a clean interface. Novuna also offers many features, such as the ability to set up budgets and track your progress over time.

The biggest downside to Novuna is that it doesn’t offer any investment or retirement planning features. However, if you’re looking for a simple and straightforward personal finance app, Novuna is a great option.

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About Author

Lydia Alolade
I am a professional article and e-book writer with 4 years of experience, I write on well research content on cryptocurrency, stocks, loans and finances.

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