What criteria do I need to meet to apply for a loan?
To be eligible for a NOW Finance loan, you must:
How do I check if I’m eligible for a loan?
You can check your eligibility for a personal or car loan in minutes using our Eligibility Calculator. It’s fast, free, and won’t affect your credit score.
Does NOW Finance offer joint loans?
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: Applying jointly may help increase your borrowing power.
Does NOW Finance provide business or commercial loans?
No, NOW Finance does not offer business or commercial loans. Our loans are designed exclusively for personal use.
How secure is BankStatements.com.au?
BankStatements.com.au is Australian owned and developed technology with strict adherence to Australian Privacy Principles and laws. Their technology has been independently designed and vetted by world-class security experts to ensure the highest levels of data protection and security. Use of this tool is in accordance with these Terms of Use. You can read more about […]
Why do I need to complete an ID scan?
We’re serious about protecting your identity. We need a completed ID scan so that we can verify the loan application is being requested by the right person. We use an encrypted tool provided by BRYK.ID to securely scan your ID document.
What is Comprehensive Credit Reporting?
The introduction of CCR in 2017 changed the way credit reporting bodies calculate credit scores. This change can mean you are rewarded for positive credit performance rather than only being punished for negative aspects of your credit file, as was the case before.
Can I get a loan as a pensioner?
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.
Does NOW Finance provide business / commercial loans?
Unfortunately not. NOW Finance does not provide finance for any type of business lending enquiry, business capital injection or cashflow purpose; or, for business asset or equipment acquisition. A NOW Finance personal loan must be used wholly for an acceptable personal purpose.