PERSONAL LOANs

Get the funds you
need with no fees

Say goodbye to hidden fees and hello to financial
freedom. Apply for a no-fee personal loan today.

Get My Rate  

Won’t impact your credit score

  Get a rate in 2 minutes

4.7/5

No fees

Forget about fees. Our personal loans are fee-free, forever. No ifs or buts about it.

Uniquely yours

Like a custom-tailored suit, your rate is made just for you. Get your personalised quote in less than 2 minutes.

VIP service

You’ll have a dedicated personal loan consultant to steer you through the entire process.

Find the right loan to
power your next big move

Unsecured
Personal Loan

Whether you’re consolidating debt, making a big purchase, or just need some extra cash, our unsecured personal loan has got you covered.

From 6.75 % pa Interest rate
From 6.75 % pa Comparison rate*
No fees
Flexible loan terms
Borrow up to $50,000
Apply now  
Secured
Personal Loan

Whatever you’ve got planned, our secured personal loan can make it happen sooner. Get access to our lowest rate by providing a secured asset.

From 6.75 % pa Interest rate
From 6.75 % pa Comparison rate*
No fees
Flexible loan terms
Borrow up to $100,000
Apply now  

LOAN PURPOSES

What’s your next big move?

    Personal Loan Application Process
    Quick, easy, and all online

    1

    Get your rate

    It takes 2 minutes to get your personalised quote
    without impacting your credit score.

    2

    Apply online

    Complete your online application
    and get a response in 2 minutes.

    3

    Money in your account

    Access your funds within 24-48 hours
    of being approved.

    Get My Rate  

    Won’t impact your credit score

    Raving reviews & awards

    With over 1,900 5 star reviews, it’s now your turn to join the ranks of our satisfied customers
    who have made their dreams a reality with our fee-free personal loans.


    Trustpilot

    Eligibility criteria

    In order to apply for a personal loan, you must fulfill the following eligibility criteria:

    You’re at least 18 years old You have no defaults or prior bankruptcy
    You’re an Australian citizen or permanent resident You have a current Australian driver’s licence or current Australian passport
    You’re employed and not currently on probation*
    You’re at least 18 years old
    You have no defaults or prior bankruptcy
    You’re an Australian citizen or permanent resident
    You have a current Australian driver’s licence or current Australian passport
    You’re employed and not currently on probation*

    *The minimum employment length for a person who is self-employed is 2 years; the
    minimum employment length for casual position is 3 months

    FREQUENTLY ASKED QUESTIONS

    Personal Loan FAQs

    NOW Finance offers unsecured loans, where you can borrow from $5,000 to $50,000, and secured personal loans, where you can borrow from $15,000 to $100,000. A secured loan means you provide an asset as security on the loan.

    A personal loan is a loan you can use for just about anything. You can use it to pay for home extensions, debt consolidation or even a holiday. You can get small personal loans or big ones (up to $100,000). You have to repay the loan with interest over a fixed term. NOW Finance offers fixed terms from 18 months to 7 years. For more information, read about how it works.

    To get a personal loan in Australia, you first need to select a loan provider. It’s always best to choose a lender with an excellent reputation and glowing customer reviews, such as NOW Finance. If you meet the eligibility criteria, you can apply for a personal loan online. Before you dive in, you can use our repayments calculator to calculate your estimated repayments.

    Money from a personal loan is not classed as income, and therefore it is not taxable. A personal loan is a debt. If you choose to use the loan money to generate income, then you will have to pay tax on any profit you make.

    Usually, you cannot transfer your personal loan to another person. There’s a good reason for this. All lenders must comply with ASIC’s responsible lending conduct obligations, under which all credit contracts with a consumer must be suitable for that particular consumer’s personal financial situation. If a lender allowed you to transfer your personal loan to another person, the lender would not be meeting their obligation to assess the suitability of the loan for the other person.

    You can have more than one personal loan at once. However, if you want to take out a second or third personal loan, your options may be more limited. Your debt to income ratio would be higher, and your financial position would be less advantageous. You should also bear in mind that multiple loans can have a negative impact on your credit score.

    If you have more than one personal loan, you should consider NOW Finance’s debt consolidation options.

    You can get a free, online copy of your credit report, which will contain your credit rating. Your credit score will be in a “band” — low, fair, good, very good, excellent. Contact a credit reporting agency to obtain your free credit report.

    NOW Finance will not charge fees if you pay off your personal loan early. You may even save money on interest, depending on the terms of your credit contract.

    With a NOW Finance personal loan? None. Zero. Zilch. No setup fee, no early repayment fee, no service fee, no late fee…. none… not a single fee.  
     
    At NOW Finance we believe in offering you a single easy to follow repayment rate and that’s it. Simple.

    Our unsecured loans have a limit of $50,000. However, if you have an existing asset, such as an eligible car, or if you are purchasing a new one, you can use it as collateral to apply for a secured loan of up to $100,000.

    It’s very very simple. Simply click on the large “GET MY RATE” button in the top right of the website (or just click here if you like…) and follow the instructions. Don’t forget your Aussie passport or drivers license! You’ll need that. 
     
    Once you complete and submit the form (takes about 3 to 4 minutes), we’ll give you your unique personalised quote for your loan. If you’re happy with it… you can finalise your application. We’ll let you know if we need anything else from you. Once it’s all dusted, done and approved, we’ll send the money to you in as little as 48 hours. 

    At NOW Finance, we like to offer options. An unsecured loan means that you do not need to put up anything up against your debt, and we will endeavour to give you a competitive rate on your new NOW Finance personal loan with NO fees. 
     
    However if you are interested in a secured loan, you can use an eligible asset (such as a car, campervan, bike… that sort of thing) that you’re purchasing or already own to potentially unlock even LOWER rates for your loan. And still with no fees to pay. 
     
    When you apply for a personal loan, we can give you rates for both secured and unsecured loans, and you can decide what type of loan you’d like during the application.  

    Yes. And unlike many personal loan companies, we don’t even know the meaning of the words “early repayment fee”. 😉  
     
    That’s right, if you are in the position to pay off your entire loan early, or just throw a few extra dollars towards the debt, we’ll reward you with a smile and a thank you, and you’ll be several steps closer to finalising your loan.

    No. You won’t incur any fees or penalties for paying off your loan early. 
     
    In fact, you’re free to make extra repayments on your loan at any time. Paying off your loan sooner can save you money, as you won’t be charged interest on the remaining balance, so it could make a lot of sense.

    Oooh yeah this is a good question.   
     
    To apply for a personal loan, you must be an Australian citizen or permanent resident, employed and past that probation stage, have either an Aussie passport or driver’s license, and have no unpaid defaults or bankruptcies.  

    Once approved, you can expect the money to appear in your chosen bank account in as little as 24 to 48 hours. We don’t hang about here at NOW Finance! It’s why we have over 2,800 reviews on TrustPilot, Google and ProductReview.com.au from customers talking about just how wonderful we are!

    Get informed with our comprehensive FAQ section. 

    Get your personalised quote today

    Get My Rate

    What should I know about a NOW Finance personal loan?

    Is lack of cash stopping you from making memories and achieving your goals? A personal loan could be the solution. Whether you want to renovate your home, consolidate your debt or do something else entirely, NOW Finance may be able to help.

    We offer personal loans with no fees, competitive rates and none of the bank. Not only are our personal loans affordable, but they’re also simple, tailored, easy to manage and fast.

    NOW Finance is not a bank. We give our all into providing fast personal loans. Our personal service means customers consistently give us excellent reviews. Isn’t it time you experienced the power of one of Australia’s leading personal loan providers?

    Personal loans, both big and small

    NOW Finance provides a range of loan sizes. The amount you can borrow ranges from $5,000 to as much as $100,000. Whatever the size of your personal loan, it can make a big difference to your life when you borrow from a trusted lender like NOW Finance.

    Our Personal Loan Options

    We understand that everyone is different, which is why we offer both secured and unsecured no-fee personal loans.

    Low-Rate Secured Personal Loan

    When applying for a personal loan, one option you have is to provide a new or existing asset as security, such as an eligible car, van, or caravan. By applying for a Secured Loan, you can access the very best rate for your personal circumstances.

    Flexible Unsecured Personal Loan

    Don’t have an asset to put on your application? Don’t worry! At NOW Finance, we offer unsecured personal loans too! We’ll give you the best possible rate tailored to your circumstances, without any fees to increase the cost of your loan.

    The best news? When completing your personalised quote, we will give you interest rates for both secured and unsecured loans, and you can choose whichever loan is best for you!

    Competitive rates

    NOW Finance provides highly competitive interest rates. We’re an excellent alternative to the big banks and credit cards.

    Because we don’t charge fees, our comparison rates are identical to our interest rates. NOW Finance makes it simpler to shop for your personal loan in Australia and compare costs with other lenders.

    Use our get my rate service to get your personalised quote.

    Personal Loans for Various Life Moments

    Our personal loans can be used for a wide range of purposes. In fact, some of the most popular reasons for NOW Finance loans include:

    Debt Consolidation Loans
    Have old debts, whether it’s just one or multiple? Consolidate your debts into one simple-to-follow repayment with the help of a no-fee NOW Finance personal loan.

    Home Renovation Loans
    Our homes are our castles, and we want them to be the best reflection of ourselves. Accelerate your nest building with our competitive personal rates.

    Travel Loans
    The world is your oyster thanks to NOW Finance’s no-fee personal loans! With NOW Finance, you can get the funds you need to check off that bucket list location or explore some of the best destinations across the globe.

    Medical Loans
    NOW Finance is there to support you at all stages of your life. If you need to fund an important medical procedure, NOW Finance can offer you a competitive rate with no fees. Apply now.

    Dental Loans
    Smile and the world smiles with you. Getting a little dental work done is something many of us have to face, and if you need it sooner rather than later, no worries! Simply apply for a no-fee loan now and you’ll be smiling again in no time.

    Wedding Loans
    Having the greatest day of your life can add up quickly. But you don’t have to compromise your vision of your special day! With a competitive rate and no fees, a NOW Finance personal loan can be the perfect way to make your wedding day stress-free and affordable.

    Funeral Loans
    NOW Finance can help fund funeral costs when saying goodbye to your loved one. Apply for a competitive rate, no-fee loan now.

    Student Loans
    If you want to invest in yourself and your future, a no-fee NOW Finance personal loan may be the solution. Many of our customers use our competitive rate loans to help fund their education, paving the way to a better future for themselves and their families. 

    Best of all, you’re not limited to just one loan purpose. At NOW Finance, your loan can be used for up to four acceptable loan purposes, meaning in one simple application you could, for example, apply to consolidate your debts and get the funds for that holiday you deserve! 

    Borrow with confidence

    When you borrow from NOW Finance, you repay the loan over an agreed period of time, ranging from 18 months to 7 years.

    Fixed repayments give you peace of mind — you can relax, knowing your repayment will be the same every time, making it so much easier to manage your money.

    NOW Finance also offers flexible repayment terms. You can choose a weekly or fortnightly repayment schedule that suits your lifestyle and budget.

    If you want to make extra repayments on top of your regular repayments, you won’t be penalised. There is no extra charge.

    Use our personal loan calculator now to calculate your estimated repayments.

    No fees

    When we say “no fees”, we mean it. There are no establishment fees, no monthly fees, no fees for extra repayments and no early repayment fees.

    NOW Finance really does make borrowing money simpler and more transparent.

    Easy application for fast personal loans

    Applying for a NOW Finance personal loan in Australia is easy and fast. You can do everything online in a few simple steps and our online personal loan application takes just 10 minutes.

    The three basic steps include:

    • Get your rate — It takes 2 minutes to get your personalised rate without impacting your credit score.
    • Apply online — Complete your online application and get a response in 2 minutes.
    • Money in your account — Access your funds within 24-48 hours of being approved.

    To get a fuller picture, read how it works.

    Approved Australian Credit License holder

    NOW Finance operates under the trading name and registered trademark of Now Finance Group Pty Ltd, ACN 158 703 612, holding Australian Credit Licence number 425142.

    We prioritize the protection of personal information and are dedicated to respecting the privacy of our users and customers. Our practices are governed by the Privacy Act 1988, the Australian Privacy Principles, and the Privacy (Credit Reporting) Code.

    For more details, please review our Privacy and Credit Reporting Policy here.