Eligibility Criteria

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Are You Eligible for a Personal Loan?

In order to apply for a personal loan, you must fulfil the following eligibility criteria.

  • Be at least 18 years or older.
  • Be an Australian citizen or permanent resident.
  • Have no defaults (paid or unpaid) or active payday loans.
  • Be employed (not on probation): full time, part-time, self-employed (for more than 24 months) or casual (for more than six months).
  • Not be a current or prior bankrupt or be party to a court judgement.
  • Centrelink can be used as a secondary income together with regular income.
  • Have acceptable identification, either:
    • – Australian Passport (current or expired within the last 24 months) OR
    • – Australian Drivers Licence (current) and Medicare Card (current)

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Our loan application is simple, secure, and fast

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Information We'll Need

To ensure a smooth and speedy process we'll need to have access to the following information:

  • A copy of the front and back of your ID that you're using for your application.
  • Proof of your employment and income. These could be payslips or a letter from your employer.
  • Bank Statements.
  • Proof of address. This can be a letter from a utility provider or your bank.
  • Proof of rent and/or mortgage payments.
  • Details of any amounts owing, including other loans, credit/store cards, and overdrafts.
  • Depending on you circumstances, your personal loan advisor might ask you for additional documentation.

Why NOW?

We provide a range of personal loans designed specifically to meet the needs of our customers.

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About us

Our personal loans aren’t just personal by name, they’re personal by nature.

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Contact Us

If you have any questions, please contact us on 1300 275 669 - Monday to Friday, from 9am to 6pm AEST.

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Approved customers only. Terms, conditions, fees and charges apply. All applications are subject to NOW FINANCE’s lending and approval criteria. Settlement times may vary depending on circumstances. Loan repayment terms range from 18 months to 7 years. Interest rates range from 6.95% p.a. (8.57% p.a. comparison rate) to 17.95% p.a. (19.53% p.a. comparison rate).

*Comparison rates are based on a loan of $30,000 over 5 years.

^No fees apply only to approved loan amounts between $5,000 to $15,000. Other fees including late payment fees and dishonour fees may apply.

WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

EXAMPLE: An unsecured personal loan of $30,000 borrowed for 5 years with the interest rate of 6.95% p.a. (8.57% p.a. comparison rate), would estimate to a minimum total amount payable of $36,883.60 via the weekly payment option (including a $495 establishment fee and $13 per month administration fee). Rates are subject to change.