NOW Finance Unsecured Personal Loan picks up a 2020 Mozo Experts Choice Award

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By Peter Marshall, Mozo Experts Choice Judge

As our analysis of the personal loan market in Australia for this year’s Mozo Experts Choice Personal Loan Awards demonstrates, there are big differences between the best loan deals and the most expensive ones. This is why for Australians who are seeking to get a loan I strongly recommend they look outside the bigger banks towards online and smaller niche lenders.

NOW Finance has just been named as one of the leading unsecured personal loans on the market in the 2020 Mozo Experts Choice Personal Loan Awards and for good reason.

To take out one of Mozo’s coveted awards, NOW Finance’s Unsecured Personal Loan was compared head to head with loan products from 88 Australian financial institutions, and ranked amongst the cheapest based on a range of customer scenarios.

And with over 330 personal loan products in the market, this win is no mean feat.

In addition to its competitive fixed interest rates for borrowers with excellent credit, NOW Finance’s Unsecured Loan also impresses with its no upfront and ongoing fees and generous loan amounts of between $5,000 to $40,000.

There are so many reasons for Australians to seek out a loan. It could be to buy a new car, fund a home improvement project or take a much needed holiday. The great thing about choosing a fixed rate loan over a variable option is that it can give you peace of mind knowing exactly what your loan repayments are month to month.

Another big plus for NOW Finance customers is that unlike some fixed rate loans, NOW Finance allows you to pay out your loan early without any early penalties. This can be a big saving if you find yourself with the means to pay out your loan earlier than expected. 

For more information about how you can use the NOW Finance Unsecured Personal Loan to make your financial dreams a reality, check out our loan approval process.

Things you should know

Applications for finance are subject to NOW Finance’s lending and approval criteria. Terms and conditions may apply. No establishment, account keeping or early repayment fees will apply to all new personal loans. Charges such as default or enforcement costs may apply if you do not comply with the terms of your loan. Settlement times may vary depending on individual circumstances. Loan repayment terms range between 18 months to 7 years 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*).

*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 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. Due to the fact NOW Finance does not charge any establishment, account keeping or early repayment fees, the true cost of the loan or Comparison Rate will always equal the interest rate quoted.

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