Secured Personal Loans

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Get a lower interest rate by offering your purchase as security.

NOW Finance offers the choice of secured personal loan or unsecured loans. A secured loan means putting up a vehicle, boat or caravan as security. In return, we reduce the interest rate for our secured personal loans by 1% to 2.5% compared to a similar unsecured loan, and offer higher loan amounts for secured loans.

Secured loans can be used to purchase a car, boat, caravan, motorhome, motorbike or for any other worthwhile purpose, like improving your home for example. You can use an eligible asset you already own as security, or, the asset you are purchasing with your loan.

Why Secure a personal loan?

  • Borrow up to $100,000
  • Unlimited extra repayments at no cost and flexible repayment frequency options
  • A lower interest rate reduces the total cost of your loan, saving you money
  • No establishment fees, no monthly fees or penalties for paying your loan early
  • Freedom to use a car, boat, motorcycle, or caravan as a security
  • Loan terms available between 1.5 and 7 years
  • Our customers have rated us 4.8 out of 5 in 1,500 reviews

Loan Terms

Loan repayment terms range between 18 months to 7 years with interest rates ranging from 4.45% p.a. (4.45% p.a. comparison rate*) to 15.45% p.a. (15.45% p.a. comparison rate*).

Cost of the loan

Your interest rate is based on several factors including your credit score. Interest rates for secured loans range from 4.45% to 15.45%. 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. Click here to get your own personalized interest rate without any credit checks.

Loan Repayments

We have made it easy to work out your repayment amount. You can use the calculator below by entering the desired amount, total loan term and your approximate credit rating along with your preferred repayment frequency and we will work out your repayments for you.

Credit History

Higher credit scores show lenders you are a lower risk compared to people with lower credit scores. Borrowers with higher credit scores may be eligible for lower interest rates.
If you have your credit score, you could get a more accurate picture of what interest rates are available to you. Please click here to read more about credit scores.

Lending Criteria

For secured personal loans less than $50,000 our usual lending and eligibility criteria applies – you can find our more here. For secured personal loans between $50,001 and $100,000 additional eligibility requirements apply. Secured loans may require additional documentation, your Personal Loan Advisor will help you through the process.

Joint Loans

Apply together with your partner to unlock exclusive benefits.

Learn More

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New loans only. Applications for finance are subject to NOW Finance’s lending and approval criteria. Terms and conditions may apply. No fees apply however if you do not comply with the terms of your loan, we may pass on to you any third party enforcement or recovery costs incurred by us. Settlement times may vary depending on individual circumstances. Loan repayment terms range between 18 months to 7 years. For unsecured loans you can borrow between $5,000 to $50,000 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*). For secured loans you can borrow between $15,000 to $100,000 with interest rates ranging from 4.45%p.a. (4.45% comparison rate*) to 15.45% p.a. (15.45% p.a. comparison rate*).  


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. NOW Finance does not charge any fees therefore the true cost of the loan or Comparison Rate will always equal the interest rate quoted.


An unsecured personal loan of $30,000 borrowed for 5 years with the interest rate of 5.95% p.a. (5.95% p.a. comparison rate), would estimate to a minimum total amount payable of $34,686.60 via the weekly payment option. Rates are subject to change.


Our confirmed guaranteed personalised rate may change if you provide NOW Finance with incorrect personal information or security details. In some circumstances, NOW Finance may require further information from you in order to provide you with your guaranteed personalised rate.

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