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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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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New loans only. Applications for finance are subject to NOW Finance’s lending and approval criteria. Terms and conditions may apply. No fees apply however if you do not comply with the terms of your loan, we may pass on to you any third party enforcement or recovery costs incurred by us. 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*).  


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. NOW Finance does not charge any fees therefore the true cost of the loan or Comparison Rate will always equal the interest rate quoted.


An unsecured personal loan of $30,000 borrowed for 5 years with the interest rate of 5.95% p.a. (5.95% p.a. comparison rate), would estimate to a minimum total amount payable of $34,686.60 via the weekly payment option. Rates are subject to change.


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