What is a non-bank lender?

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At NOW Finance, not only are we proudly a non-bank lender; we’re a “none of the bank” lender too.

So, what does that mean for you if you’re looking for a personal loan?


Non-bank lender then and now

A non-bank lender was once the place you went if the bank said no, or you didn’t have any credit history.

Those days are over.

While we can’t speak for every non-bank lender in Australia, we know that how we work means we help our customers get their loan quicker, make them happier, and allow them to get on with their lives.


So NOW Finance isn’t a bank?


As a non-bank lender, you can’t get an everyday or savings account, credit card, or mortgage from us because we specialise in personal loans.

And because it’s our specialty, you get a personal loan with no fees, an interest and comparison rate tailored to your circumstances, and fantastic service.


Tell me more about NOW Finance

We do things differently.

Here’s a handful of ways you get none of the bank when you come to us for your personal loan.


All NOW Finance loans are no-fee loans

Whether you’re borrowing $5,000 to pay an unexpected medical bill or a $100,000 secured loan to fund your dream home renovation project, you’ll pay no fees.

That means your interest rate and comparison rate will always be the same. And, paying no fees means you might unlock extra borrowing capacity, meaning getting your new car or finally taking that dream holiday is even cheaper.

Fees? What a load of bank.


Hassle-free application

Applying for our personal loan is easy:

  1. We confirm your personal loan eligibility
  2. You tell us about yourself and your circumstances, including how much you want to borrow
  3. If you’re eligible for a loan, we give you a guaranteed personalised interest rate
  4. You complete your application

You can do all that in less than 10 minutes.

If your application is conditionally approved, you send us your identification and other documents, and could have the cash in your bank account in 24 to 48 hours.

From enquiry to receiving your funds and pursuing your dreams in less than 72 hours. That’s the power of NOW.


Market leading customer service

When it comes to service standards, we’ll let our satisfied customers do the talking.

Check out our TrustPilot reviews here.

When you apply for your personal loan, you’ll be assigned a personal loan advisor. They will be the person you always speak to whenever you need to contact us about your loan.

Being transferred around departments and learning the on-hold music by heart – what a load of bank.


Non-bank lender loans tailored to your needs

We’ll get to know you and understand how we can best help you achieve your hopes and dreams.

That’s why we ask for the type of loan you’re looking for and give you the power to choose your loan term and repayment frequency.

Your personal loan is yours, not ours!


Get your rate today

Start your application for a no-fee personal loan today by getting your rate, and take the first step to getting an award-winning personal loan with none of the bank.

That’s the power of NOW.

Disclaimer:  This article contains general comments and recommendations only.  This article has been prepared without taking account of your objectives, financial situation or needs.  Before taking any action you should consider the appropriateness of the comments made in the article, having regard to your objectives, financial situation and needs. If this article relates to the acquisition, or possible acquisition, of a particular credit product you should obtain and consider the relevant disclosure documents before applying for the product.





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