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.
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To assess your application for credit with NOW Finance, we need to confirm your financial situation by reviewing your bank statements. Partnering with BankStatements.com.au is an efficient and secure way for us to obtain a copy of your bank statements. NOW Finance will not collect, see or store your banking credentials or bank login details.
We’re serious about our reponsible lending obligations. We need your bank statements to verify the information provided on your loan application.
We use an encrypted tool provided by Bankstatements.com.au to securely access a copy of your bank statements.
Once your application has been submitted, we’ll carry out an initial assessment and give you a response within 2 minutes.
If your application progresses to the next phase, you’ll be asked to:
- share access to your bank statements; and
- complete an ID scan
Once we’ve received these documents, we’ll complete our assessment of your application. In some cases, your application may be referred to our Credit team who may ask for additional information like payslips or a PAYG summary.
If successful, the money will be transferred into your nominated account in as little as 24 hours.
No. You can get your personalised quote without it impacting your credit score.
To calculate your rate, we’ll carry out a soft enquiry, sometimes called an AccessSeeker check, on your credit file which allows a lender to see your credit score and some other information from your credit history to decide whether they can offer you a loan. A soft enquiry does not impact your credit score.
On average, it takes 2 minutes to get your personalised quote.
After submitting your application, we’ll perform an initial assessment on your application and provide a response within 2 minutes.
If successful, the money will be transferred into your nominated account in as little as 24 hours.
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 acquision.
A NOW Finance personal loan must be used wholly for an acceptable personal purpose.
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.
To apply for a NOW Finance personal loan, you must meet the eligibility criteria.
You must:
- be an Australian citizen or resident; and
- be employed and not currently on probation; and
- have no defaults or prior bankruptcy; and
- hold an acceptable ID document
(current Australian driver’s licence or current Australian passport)
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.