Personal Loans & Car Loans

Yes, you may be able to refinance your NOW Finance Personal Loan to better suit your current financial situation. Refinancing means replacing your existing loan with a new one, which may offer lower interest rates, different repayment terms and access additional funds.

You might consider refinancing if your credit score has improved, your income has increased, or market rates have dropped.

Please note that refinancing involves a new credit assessment and credit check, and eligibility depends on your existing loan balance and our lending criteria. There is a minimum additional lend of $3,000 required to refinance an existing loan. Make sure to review your personal circumstances and the loan terms to ensure refinancing is suitable for you.

No. NOW Finance Personal Loans have no fees, ever.

That means:

• No establishment fee
• No monthly fees
• No extra repayment fees
• No exit fees

You’ll only ever pay interest on the amount you borrow.

Please note that our Car Loans include a once off establishment fee. Like our Personal Loans, there are no monthly fees, extra repayment or exit fees.

Yes. You can repay your loan in full anytime with no fees or penalties. You’ll only need to pay the interest accrued up to the payout date.

Yes. You can make extra repayments anytime with no fees or penalties. This helps you pay off your loan faster and save on interest, giving you more flexibility and control over your finances.

Yes, NOW Finance offers joint personal loans for couples living at the same address. Both applicants share equal responsibility for the loan and its repayments.

To apply, select “With my partner” when getting your rate. Both applicants will need to:

• Meet our loan eligibility criteria,
• Provide bank statements, and
• If the application is approved, verify their identity before the loan is settled.

Applying jointly may help increase your borrowing power.

You certainly can. To be eligible to apply for a NOW Finance personal loan if you’re self-employed:

• your business’ ABN must have been registered for a minimum of 24 months; and
• you must be able to provide your ATO issued Individual Notice of Assessment for the current or prior financial year ending

To apply for a NOW Finance personal loan, you must meet the eligibility criteria.
NOW Finance customers must be employed and not currently on probation. As such, NOW Finance will only consider Centrelink income, including pension, if it is a secondary income source.