Credit Reports & Ratings

kNOWledge Base | Credit Reports & Ratings

Credit reports and ratings contain information about your personal finances including approvals, rejections, credit checks, and defaults. Find out about these terms and how it effects your finances here.
Do Australians Understand When a Credit Check is Done?
In the majority of cases, a credit check would only be done with your consent, but are you agreeing [...]
Read More
When do Personal Loan Providers Check Your Credit File?
Let’s take a look at when personal loan providers check your credit file, and what you can do to p[...]
Read More
Negative vs. Positive Credit Reporting
From 1 July 2018, the big four banks will be required to share much more information with credit rep[...]
Read More
Why are Some Banks against Comprehensive Credit Reporting?
Despite this generally positive outlook, some banks have concerns regarding CCR.
Read More
Missed a Payment or was Denied Credit? Comprehensive Credit Reporting Could Help You Recover from a Poor Credit History
you are given more control over whether lenders see you as being “credit-worthy” or not
Read More
Who Will Access my Comprehensive Credit Reporting?
Most people are aware that they will be credit checked when they apply for a personal loan, or want [...]
Read More

Things you should know

Applications for finance are subject to NOW FINANCE’s lending and approval criteria. Terms and conditions may apply. No establishment, account keeping or early repayment fees will apply to all new personal loans. Charges such as default or enforcement costs may apply if you do not comply with the terms of your loan. Settlement times may vary depending on individual circumstances. Loan repayment terms range between 18 months to 7 years with interest rates ranging from 5.95% p.a. (5.95% p.a. comparison rate*) to 17.95% p.a. (17.95% p.a. comparison rate*).

*About Comparison Rates

The Comparison Rate is designed to help you understand the overall cost of the personal loan. It combines the amount of the loan, loan term, repayment frequency, interest rate, fees and charges into a single rate to show the total true cost of the loan. The comparison rates for the NOW FINANCE loans are based on a loan of $30,000 over 5 years. WARNING: The comparison rates given are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Due to the fact NOW Finance does not charge any establishment, account keeping or early repayment fees, the true cost of the loan or Comparison Rate will always equal the interest rate quoted.

NOW FINANCE is a trademark of Now Finance Group Pty Ltd ACN 158 703 612 Australian Credit Licence number 425142, as agent for NF Finco 2 Pty Ltd ACN 164 213 030