Personal Loans & Car Loans

Getting a loan with NOW Finance is simple, fast, and completely online, whether you’re looking for a personal loan or a car loan. Here’s how it works:

1. Get your personalised rate, Check your rate in under 2 minutes with no impact on your credit score.
2. Apply online, Complete your application and provide a few details about your loan.
3. Receive funds fast, Once approved and your ID is verified, your funds can be in your account in as little as 24 hours.

All with no ongoing fees, no surprises, and none of the bank.

Our Vehicle Loans are secured by your vehicle, which means there are additional setup and registration requirements. The $595 establishment fee covers the cost of securing and registering your car as part of the loan.

Our Personal Loans, whether secured or unsecured, have no fees ever. That means no establishment, monthly, or early repayment fees.

With NOW Finance, you always know exactly what you’ll pay, no hidden fees, no surprises, none of the bank.

The documents required may vary depending on your financial situation, but you’ll generally need to provide:

• A current ID, either an Australian Passport or a valid Australian Driver’s Licence
• Recent bank statements showing your income, expenses, and savings
• Payslips or proof of income
• Employment details, including at least 12 months of history where applicable

Having these documents ready helps speed up your loan assessment and ensures a smoother application process.

No, NOW Finance does not offer business or commercial loans. Our loans are designed exclusively for personal use.

You can use a NOW Finance personal loan for almost any personal purpose. This could include a holiday, home improvements, household furnishings, purchasing or repairing a vehicle, vehicle upgrades, medical or dental expenses, wedding or funeral costs, or sporting equipment.

Unacceptable loan purposes include:

• Mortgage, rent or credit arrears
• Tax debts
• Payment of defaults or court judgements
• Business purposes

No. Getting a quote for a Car Loan or Personal Loan with NOW Finance won’t affect your credit score.

When you request a quote, we perform a soft credit enquiry (known as an Access Seeker check) to check your eligiblity and provide you with a personalised quote. This won’t impact your credit score.

If you decide to proceed with a full loan application, we will do a full credit check (known as a hard enquiry). This may appear on your credit file (as is standard with all lenders) and could impact your credit score.

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 sure can, and there are no exit fees.

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.