Secured Loans

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Get a lower rate by offering your purchase as security.


NOW FINANCE offers you the choice of a secured personal loan to fund the purchase of a car, motorbike, caravan, or boat. A secured loan means putting up something of value as security – usually the item you’re purchasing – against the loan. In return, we lower the interest rate compared with similar unsecured loans. However, if you do not pay back your loan, this means forfeiting whatever you put up as security.

Secured Loans

Secured loans might seem complicated; it’s why we give you an Australian-based personal loan advisor to help you through the process and answer all your questions.

Want to get started? Check if you meet our eligibility criteria first and get your personalised interest rate. There’s no credit check involved.

  • Loan rates from 5.95% p.a. (Comparison Rate – 7.60%)* to 15.45% (Comparison Rate – 17.07%)*
  • Valuation of security offered is based on our internal estimates
  • To be eligible for a secured loan, your collateral must be value not less than 33% of the loan amount. Eg – For a $20,000 loan, the value of the security provided must be at least $6,667. Specific rules for each type of vehicle applies.

Joint Loans

Apply together with your partner to unlock exclusive benefits.

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Loan Categories

We provide a range of flexible personal loans designed to suit your needs.

Vehicle Finance
Medical & Dental Loa...
Travel Loan
Home Renovation Loan
Debt Consolidation L...

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 6.95% p.a. (8.57% p.a. comparison rate) to 17.95% p.a. (19.53% p.a. comparison rate).

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

^No fees apply only to approved loan amounts between $5,000 to $15,000. Other fees including late payment fees and dishonour fees may apply.

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 6.95% p.a. (8.57% p.a. comparison rate), would estimate to a minimum total amount payable of $36,883.60 via the weekly payment option (including a $495 establishment fee and $13 per month administration fee). Rates are subject to change.