kNOWledge Base | Bankruptcy

You may have heard the term, but what is personal bankruptcy? How does it effect individuals and their ability to access credit? Find out all you need to know about bankruptcy as we sift fact from fiction.
How much debt is too much debt?
We all have our own set of individual financial circumstances, therefore the answer to the question [...]
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Insolvency vs. bankruptcy
The terms insolvency and bankruptcy are often used interchangeably. As such, they are often confused[...]
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What are the alternatives to bankruptcy?
Being declared bankrupt is a serious matter, and it can have far reaching consequences for yourself [...]
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Categories: Articles, Bankruptcy, Money Matters
What are the effects of bankruptcy?
Being declared bankrupt, irrespective of whether you declare yourself bankrupt or become bankrupt fo[...]
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Categories: Articles, Bankruptcy
What is a part IX Debt Agreement and how is it different to bankruptcy?
A debt agreement is a binding agreement between a debtor and their creditors. Debt agreements are wh[...]
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Categories: Articles, Bankruptcy, Debt Management
What is bankruptcy?
Under Australian Law, personal bankruptcy laws are covered under the Bankruptcy Act 1966 (Cth). The [...]
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Categories: Articles, Bankruptcy, Debt Management


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