Debt Management

kNOWledge Base | Debt Management

Wrangling your debt under control can feel daunting. Use our guides and articles to get insights into managing your debts, learning about consolidation strategies, and working towards becoming debt free.
Which Comes First – Saving or Paying Off Debt?
The interest rate on your credit card is unattractive. You’re not paying much more than the minimu[...]
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5 Steps to Refinancing a Personal Loan
Refinancing a personal loan may be a great financial solution that could bring many benefits
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Categories: Debt Management, Personal Loans, Refinancing
How to Become a Millennial First Home Buyer
A lot is said and written about the difficulties that millennials face in being able to afford their[...]
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Debunking the Negative Aspect of Taking Out a Financial Loan
We’re going to take a look at many of the negative beliefs that surround personal loans
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How to Deal with Existing Debts and Divorce
Going through the breakdown of your marriage is stressful enough without worrying about how you’re[...]
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How to Prioritise Your Life with a Personal Loan
Taking out a personal loan is a fantastic opportunity for you to start getting your life back in ord[...]
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Is Your Debt Consolidation Really a Bankruptcy? Don’t be Fooled!
Avoid being fooled into a bankruptcy when you think you’re consolidating your debts
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Millennials are Borrowing More than They Can Afford
Gen Y is generally pessimistic about the prospect of ever being able to own their own home.
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Things you should know

Applications for finance are subject to NOW FINANCE’s lending and approval criteria. Terms, conditions, fees and charges may apply. For example, there is usually an establishment fee and a monthly administration fee applicable. Settlement times may vary depending on individual circumstances. Loan repayment terms range between 18 months to 7 years.

No Fee Personal Loan: No fees apply only to approved applicants for loan amounts between $5,000 to $15,000. Charges such as default or enforcement costs may apply if you do not comply with the terms of your loan. Interest rates range from 6.95% p.a. (6.95% p.a. comparison rate) to 17.95% p.a. (17.95% p.a. comparison rate). See below for information on comparison rates.

Unsecured and Secured Personal Loans: Unsecured interest rates start from 6.95% p.a. (8.56% p.a. comparison rate) to 17.95% p.a. (19.51% p.a. comparison rate). Secured interest rates start from 5.95% p.a. (7.60% p.a. comparison rate) to 15.45% p.a. (17.07% p.a. comparison rate). See below for information on comparison rates.

*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 no fee personal loans are based on a loan of $10,000 over 3 years. The comparison rates for the NOW FINANCE unsecured and secured personal 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 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