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NOW Finance - Personal Loan

Secured | Fixed

THINGS YOU SHOULD KNOW: Applications for finance are subject to NOW Finance’s lending and approval criteria. Terms and conditions may apply. No fees only apply to new loans. If you do not comply with the terms of your loan, we may pass on to you any third-party enforcement or recovery costs incurred by us. Loan repayment terms range between 18 months to 7 years. For secured loans you can borrow between $15,000 to $100,000 with interest rates ranging from 6.75% p.a. (6.75% p.a. comparison rate) to 21.65% p.a. (21.65% p.a. comparison rate).

Compare Personal LoansProduct Image For NOW Finance - Personal Loan - Secured | Fixed
A Secured loan with an advertised rate from 6.75% p.a. and comparison rate from 6.75% p.a.
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Rate Type

Fixed

Advertised Rate

From 6.75% p.a. to 21.65% p.a. Fixed

Comparison Rate

From 6.75% p.a. to 21.65% p.a.

Loan Term

18 to 84 months
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Interest

Rate Type
Fixed
Advertised Rate
From 6.75% p.a. to 21.65% p.a.
Fixed
Comparison Rate
From 6.75% p.a. to 21.65% p.a.
Application Frequency
Weekly
Calculation Frequency
Daily

Loan Security

Loan Security
Secured

Loan Terms

Loan Term
18 to 84
months
Borrowing Range
$15,000 to $100,000
Repayment
Fortnightly, Weekly

Features

Extra Repayments Allowed
Yes

Fees

Establishment Fee
$0
one off
Loan Service Fee
$0
per month
Early Repayment Fee
$0
per event

Who is the product designed for?

This product is designed for a class of consumers who:

  • wish to borrow a large sum of credit from a non-bank lender and are able to provide an asset as security for the Loan

Objectives

  • Obtain a large lump sum which can be used for a wide range of [expensive] personal, domestic or household purpose including but not limited to:
    • Vehicle, watercraft or caravan purchases
    • Home renovations
    • Household furnishings
    • Debt consolidation
    • Travel
    • Medical expenses and
    • Wedding expenses

Needs

  • Spread / smooth the repayments over an extended period of time without a balloon payment at the end.
  • Need certainty of repayment amounts.
  • Need flexibility to make extra repayments or pay out the Loan early.

Financial situation

  • Owns (or will acquire with the funds) a vehicle, watercraft or caravan to provide as security for the Loan.
  • Have the financial capacity to service the loan

Eligibility Criteria

  • being of 18+ years of age
  • holding Australian citizenship or permanent residency
  • currently employed (full time/ part time/ casual) and not on probation
  • no defaults (paid or unpaid)
  • Centrelink is not the primary form of income
  • not a current or prior bankrupt or party to a court judgement
Visit NOW Finance to view Target Market Determination Effective From: 2024-01-01.

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*Tyrian Pty Ltd (ABN 91 158 954 655, credit representative number 486373), is a credit representative of QED Credit Services Pty Ltd (Australian Credit Licence 387856). Tyrian Pty Ltd is a wholly owned subsidiary of iSelect Pty Ltd and has partnered with Fair Comparison Pty Ltd (ABN 48 647 552 958, credit representative number 530417) who operate this website as a credit representative of QED Credit Services Pty Ltd (Australian Credit Licence 387856) to help you compare a range of credit card, personal loan and car loans. Tyrian Pty Ltd and Fair Comparison Pty Ltd may receive a commission payment if users click through, apply and/or successfully acquire a loan or credit card product from or through the provider.

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