Are you considering a home renovation but want to weigh all of your payment options? Momnt offers a straightforward and flexible way to fund your next project, big or small, from a stunning kitchen remodel to a much-needed HVAC upgrade. We partner with trusted home improvement professionals to help you get the financing you need at the moment you need it, directly through your contractor.

What is Momnt financing?

Momnt is a financing platform designed to make home improvement projects more accessible. We facilitate installment loans ranging from $3,100 to $75,000 that go up to 15-year terms for qualified individuals. These loans are exclusively offered through home improvement professionals who partner with us, providing you with a convenient payment option right when you're planning your project. Our loan options are diverse, including promotional offers, fixed rates, fixed payments, and risk-based financing to suit various needs.

Your Momnt Loan Journey: From Dream to Reality

Step 1: Discovering Momnt with Your Contractor

Your journey with Momnt typically begins when you're discussing a home improvement project with your contractor. Whether it's a kitchen remodel, a bathroom facelift, or new windows and doors, your contractor can introduce Momnt financing as a flexible payment option for your project.

Step 2: Shop Your Loan Offers – No Impact to Your Credit!‍

Ready to see what you qualify for? Your contractor will send you a secure, digital invitation via text or email. From your personal device, you'll complete a simple application with information such as:

• The desired loan amount (between $3,100 and $75,000).
• Basic personal information, such as your name, contact details, household income, etc.

Here's the best part: When you shop for offers, Momnt performs only a soft credit pull, which means it won't affect your credit score. Qualified customers will then see multiple loan offers, presented clearly with easy-to-understand terms.

Step 3: Selecting Your Loan & Getting Approved

Carefully review your personalized loan options and choose the one that best fits your budget and project needs. If you decide to proceed with an offer, a hard credit pull will be initiated, which may impact your credit score.

Once you select an offer, you'll be presented with detailed loan documents. You'll need to acknowledge the terms and provide an e-signature. Shortly after your acceptance, our dedicated Momnt Customer Care team will reach out during a Welcome Call to review your loan details, verify information, and ensure you fully understand your financial obligations.

Congratulations! Your Momnt Loan is Funded

With your loan approved, you now have funds available to spend exclusively on your project with the contractor you applied through. This spending period is called the Purchase Window, and it lasts for five months. Fund are sent directly to your contractor after you approve them.

How to Spend on Your Loan

Your home improvement professional will send you a Charge Request via email and text message whenever a payment is due. This request will clearly show the amount, a description of the charge, and instructions on how to approve it in your Payment Portal.

You'll have 48 hours to approve each Charge Request. You can also simply ignore a request if you don't agree with it.

IMPORTANT: Only approve Charge Requests that you agree with. By approving a request, you are directly releasing funds from your loan to your contractor. This transaction is an agreement between you and your contractor, and you are responsible for repaying the amount and any applicable fees as outlined in your loan agreement.

Loan Repayment: Simple and Convenient 

Your loan repayment schedule will depend on the specific loan you selected. You have several convenient options for paying your bill:

• Autopay: Automatically have your monthly payment debited from your account worry-free in your Payment Portal!
• Online: Easily make a one-time payment through your Payment Portal. 
• Phone: Call our Customer Care team at 855-943-3485 to make a payment.
• Mail: Send a check to the mailing address listed on your loan documents (addresses vary by lender).

Exceptional Customer Service is Our Pledge to You

We're passionate about making your loan process as smooth and easy as possible. Our customers consistently praise the simplicity of the application, the speed of funding, the variety of loan options, and the helpfulness of our Momnt Customer Care team. That's why Momnt consistently earns a 4.8 out of 5-star customer satisfaction score. Don't just take our word for it—read what other customers are saying on Google and Trustpilot!

“Momnt is an easy site to use. I was approved in less than 5 minutes. The application took less than 10 minutes. Then Bonnie called to welcome me, and that was a nice surprise. I had a 10/10 experience.” - Tomeika

“I am having a new furnace put in, and it was really easy to apply for a loan with Momnt.” - Amy

“I used Momnt for a home improvement project through our patio company. The process from application to payoff was simple and painless. The customer service was fantastic. I would absolutely use them again if needed.” - Sabrina

“Momnt has proven to be a great financing option for our home improvement needs. The process was simple, fast and it offered compelling options for terms.” - Joseph

Ready to invest in your home and pay over time? Ask your home improvement professional to send you a Momnt loan invitation today or refer them to Momnt below! We look forward to helping you make your home improvement dreams a reality.

Loan Terminology Explained

Soft Credit Pull

A soft credit pull happens when a lender checks your credit but it doesn't affect your credit score. This often occurs when you pre-qualify for a loan or when you check your own credit score. It's a way for lenders to get a general idea of your creditworthiness without impacting your credit history.

Hard Credit Pull

A hard credit pull occurs when a lender reviews your credit report as part of a loan application. Unlike a soft pull, a hard pull can temporarily lower your credit score by a few points. It stays on your credit report for about two years, but its impact on your score usually lessens over time.

Purchase Window

The purchase window is a specific period during which you can use your loan funds to make purchases. For example, with Momnt loans you have a 5-month window to transact once your loan is approved. After this window closes, you can no longer use the loan for new transactions, although you'll still need to repay any outstanding balance and applicable fees.

Charge Request

A charge request through Momnt is when your contractor initiates a request to add funds to your loan balance for a specific transaction you're making with them, such as a deposit, during your Purchase Window. This request is sent to you via email and SMS and includes instructions on how to approve the charge request in your Payment Portal. 

IMPORTANT: Only approve Charge Requests that you agree with. By approving a request, you are directly releasing funds from your loan to your contractor. This transaction is an agreement between you and your contractor, and you are responsible for repaying the amount and any applicable fees as outlined in your loan agreement.

Payment Portal

The Momnt Payment Portal is an easy to use platform where you can pay your bill with a one-time payment, or automate your payments with Autopay. The Payment Portal is also where you will approve charge requests received from your merchant and manage your payment settings. 

Promotional Period

A promotional period is specific to promotional loans and is a set amount of time at the beginning of your loan during which special terms apply. This might include a 0% interest rate, no payments, or other benefits. Once the promotional period ends, your loan terms will revert to the standard rates and conditions of your particular loan.

Amortization

Amortization is the process of paying off a loan over time through a series of regular, equal payments. Each payment includes both principal (the original amount borrowed) and interest, as applicable. Early in the loan, a larger portion of your payment goes toward interest, and as time goes on, more goes toward paying down the principal.

APR (Annual Percentage Rate)

Annual Percentage Rate (APR) represents the total cost of borrowing money over a year, expressed as a percentage. It includes not just the interest rate but also other fees and charges associated with the loan, giving you a more complete picture of the loan's cost.

Installment Loan

An installment loan is a type of loan where you borrow a fixed amount of money and repay it over a set period through a series of regularly scheduled payments (installments). Common examples include car loans, mortgages, and personal loans. All Momnt loans are installment loans.

Welcome Call

A welcome call is an initial phone call from the Momnt Customer Care team shortly after your loan is approved. This brief call is to confirm key details, answer any questions you may have about your loan and the financing process.

Autopay

Autopay is a convenient way to pay your bill automatically each month. You can customize the amount and the payment date. Choose a payment date that is at least three (3) days before your due date to help ensure on-time payments. Payments scheduled for the 29th, 30th, or 31st will be processed on the last day of the month. You can edit your Autopay details at any time.

Note: Selecting a date after the due date could result in late fees or missed payments.