NOW Finance - Personal Loan

This product is designed for a class of consumers who:

• wish to borrow a large sum of credit from a non-bank lender without providing an asset as security for the Loan

Objectives

• Obtain a large lump sum which can be used for a wide range of 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

• Have the financial capacity to service the loan without a need for providing a security for the loaned amount.

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