Understanding Credit

kNOWledge Base | Lifestyle

Read our content on finance for the things that make life a bit more interesting here. From weddings and travel to car finance and home renovation.
When might you need a good credit report?
News outlets regularly run features on personal finance matters and the importance of a good credit [...]
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What’s the best way to increase my credit rating?
A strong personal credit rating is very much an essential part of modern life. With a strong credit [...]
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How can I check my credit history?
Our credit history can play a big part in our lives. From something as innocuous as a mobile phone c[...]
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Categories: Articles, Credit Reports & Ratings
How are credit scores determined?
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Categories: Articles, Credit Reports & Ratings
How to improve a bad credit rating
A bad credit rating can be a barrier to accessing numerous financial products and services, from a s[...]
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How long do bad credit reports stay on our file?
Before deciding whether to offer you a loan, we will undertake a number of checks to ensure your eli[...]
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Categories: Articles, Credit Reports & Ratings
What information is stored on my credit history report?
By understanding what information is held on your credit history report you can start to look into w[...]
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Is it possible to repair your credit score?
For individuals that have a low credit score and are unable to secure credit, this is an important q[...]
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How can I find out why companies reject my loan request?
Being rejected for a loan or another form of credit can be frustrating. Making repeated applications[...]
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What are the key variables that determine if my personal loan will be approved?
At [name], we don’t provide things like ‘pre-assessment’ or ‘pre-approval’ guidelines that[...]
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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. 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.  For unsecured loans you can borrow between $5,000 to $50,000 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*).  For secured loans you can borrow between $15,000 to $100,000 with interest rates ranging from 4.45%p.a. (4.45% comparison rate*) to 15.45% p.a. (15.45% 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.

^CONFIRMED RATE

our confirmed guaranteed personalised rate may change if you provide NOW Finance with incorrect personal information or security details.  In some circumstances, NOW Finance may require further information from you in order to provide you with your guaranteed personalised rate.

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