How it works

How our loan process works

Getting a loan with NOW Finance is straightforward, and you’ll always know what’s happening at every stage.
No hidden fees, no confusing steps, just a clear path from quote to funds in your account.

step one

Get your rate

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

We’ll show you exactly what your repayments could look like, so you can make an informed decision before applying.

Won’t impact your credit score

step two

Apply online

Once you’ve seen your rate, choose your loan term and complete your application online.

You can upload your documents directly and, with just a few details handy like your income and expenses, you’ll be done in minutes.

Fast and easy completion on your phone

You’ll need about 5–10 minutes

step three

Money in your account

Access your funds within 24–48 business hours of being approved and signing your contract.

A dedicated Loan Advisor will also be assigned to your application to guide you through the process and answer any questions along the way.

Dedicated support

A dedicated Loan Advisor will also be assigned to your application to guide you through the process and answer any questions along the way.

Loan eligibility checker

Who can apply for a loan?

You can check if you’re eligible using our Eligibility Checker.

To be eligible for a loan with us, you’ll need to meet the following criteria:

You’re an Australian citizen or permanent resident.

Unfortunately, we can’t accept applications from temporary visa holders.

Your employment is your primary source of income and you’re not on probation.

If you’re self-employed, you’ll need at least 2 years of business activity. If you’re in a casual role, you’ll need to have been working for at least 3 months.

You haven’t had a bankruptcy or unpaid defaults.

Having a clean credit history helps us assess your application faster and gives you a better chance of approval.

You have a valid form of ID

A current ID, either an Australian Passport or a valid Australian Driver’s Licence, allows us to confirm your identity securely and keep your application safe.

You’re at least 18 years old.

Applicants must be 18 or older to meet responsible lending requirements and qualify for a loan.

Award-winning loans. None of the bank.

Recognised year after year by Finder, Mozo, and WeMoney for simple, no-fee personal loans, and car loans with excellent rates and fees.

NOW Finance and the relevant partner will handle your personal information in line with their privacy policies. We may receive information from the partner to track your activity, confirm whether you qualify for cashback and process your payment.

No. Using NOW Perks does not change the terms of your existing NOW Finance loan. Taking up a separate refinance offer may result in a new loan agreement and different rates, repayments or terms.

No. Econnex and LendUs provide the comparison or referral services. You should review the available products, costs, features and terms and decide whether an option suits your needs.

No. You can choose the option that best suits your needs. Consider the price, features, inclusions, contract terms and service offered by each provider before switching.

Yes. NOW Finance does not charge a fee to access NOW Perks. You should still review the price, features and terms of any product before deciding whether to switch.

Update your details with NOW Finance as soon as possible. Outdated details may delay your cashback payment or prevent us from contacting you.

You will not qualify for cashback if the provider rejects, cancels or cannot complete your switch, or if you do not meet the offer requirements.

First, check that you completed the switch through an eligible NOW Perks link. Tracking times vary by offer. If you have not received a confirmation email within the timeframe shown in the offer terms, contact us and provide: – your full name – the offer you used – the date you completed the switch – any relevant order, application or reference number.

You may no longer qualify for cashback if you: – cancel during the cooling-off period – do not activate or connect the service – do not meet a minimum connection period – do not meet any other requirement in the offer terms.

See all (COUNT) articles