Interest Rates

kNOWledge Base | Interest Rates

Interest rates are the foundation of all personal finance. Learn about how they're calculated, what a comparison rate is, and how credit reports can influence interest rates with our blogs and guides.
Why are Australians Preferring Personal Loans Over Credit Cards?
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Categories: Credit Cards, Interest Rates, Personal Loans
There’s More to Personal Loans Than Just Interest Rates
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Why Am I Not Getting the Same Interest Rate as My Friends?
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Personal Loan Applications are Equal, but Some Personal Loan Applications Are More Equal Than Others
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A Personal Loan Isn’t as Personal as we Thought
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Is Negotiating Personal Loan Rates Really a Positive Experience?
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Overconfident Aussies Can Lead to Interest Rate Shock
Knowing your credit score, as well as knowing that everything on your credit file is correct, can ha[...]
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The Difference Between 12.95% and 16.95%; The Real Monetary Difference
When seeking out and making a choice about personal loans, many Australians look predominantly at th[...]
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Approved customers only. Terms, conditions, fees and charges apply. All applications are subject to NOW FINANCE’s lending and approval criteria. Settlement times may vary depending on circumstances. Loan repayment terms range from 18 months to 7 years. Interest rates range from 7.95% p.a. (9.56% p.a. comparison rate) to 16.95% p.a. (18.53% p.a. comparison rate).

*Comparison rates are based on a loan of $30,000 over 5 years.

WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

EXAMPLE: An unsecured personal loan of $30,000 borrowed for 5 years with the interest rate of 7.95% p.a. (9.56% p.a. comparison rate), would estimate to a minimum total amount payable of $37,741.60 via the weekly payment option (including a $495 establishment fee and $13 per month administration fee). Rates are subject to change.

NOW FINANCE is a trademark of Now Finance Group Pty Ltd | ACN 158 703 612 Australian Credit Licence number 425142