Now Finance review
Personal
Best suited for good-credit borrowers who want a genuinely fee-free fixed-rate personal loan
Loanseekers is a broker, not a lender, and may receive commission from lenders on our panel. This does not change what you pay. See our Credit Guide.
Advertised rates
5.95% - 26.95% p.a. fixed unsecured, 5.95% - 21.65% p.a. fixed secured; vehicle loans 7.59% - 15.39% p.a.
Comparison rate equals the interest rate on personal loans (no fees); 8.43% - 16.29% on vehicle loans*
Approval speed
Personalised quote in 2 minutes, application around 10 minutes, funds in as little as 24 hours after approval and ID verification
Credit-profile fit
Rate personalised by Equifax credit score across Average to Excellent tiers. No bad-credit or credit-impaired offering is published.
Pros & cons
Pros
- Zero fees on personal loans, so the comparison rate equals the interest rate
- Rates from 5.95% p.a.
- 2-minute rate check with no credit score impact
- Funds in as little as 24 hours
- Combine up to four purposes in one loan
Cons
- No monthly repayment option - weekly or fortnightly only
- Vehicle loans carry an establishment fee up to $595
- Unsecured rates reach 26.95% p.a. for weaker scores
- No published lane for impaired credit files
Key features
- Fixed rate and fixed repayments, weekly or fortnightly
- Borrow $5,000 - $50,000 unsecured or $15,000 - $100,000 secured; vehicle loans to $150,000
- Terms 18 months - 7 years
- Rate check in 2 minutes with no credit score impact
- Combine up to 4 loan purposes in one loan
- 100% online application
Fees
- Personal loans: no fees at all - no establishment, monthly, extra repayment or exit fees
- Vehicle loans: once-off establishment fee up to $595, no other fees
- Third-party recovery costs can be passed on only if loan terms are breached
NOW Finance: decide which loan you are comparing
A NOW Finance personal loan and vehicle loan can both fund a car, but the payment process and product conditions are different.
Who receives the money matters
NOW Finance says personal-loan funds go to the borrower, who then pays the seller. Vehicle-loan funds go directly to the seller, with the vehicle's VIN checked before release. Confirm which process applies before organising the purchase, particularly when dealing with a private seller.
Separate the fee structures and insurance requirements
NOW Finance distinguishes its personal loans without establishment or ongoing fees from vehicle loans with a one-off establishment fee. Its car-loan page requires comprehensive insurance for a car used as security. Confirm the product, the complete quote and the insurance needed; an unsecured personal-loan offer should not be compared as though it were the same contract as a secured vehicle loan.
Documents depend on how you earn your income
NOW Finance's personal-loan guidance lists an Australian driver's licence or passport, recent payslips and bank statements showing income and expenses. For self-employed applicants it lists an ABN active for at least two years and ATO tax-assessment documents. These are preparation points, not a complete assessment; the lender may need further evidence for your circumstances.
Questions to bring to your finance comparison
- Will the funds go to me or directly to the seller?
- Is a vehicle establishment fee included, and what insurance is required?
- What income and vehicle checks remain after the initial rate estimate?
Related guides
Sources for these notes checked . Lender requirements can change; confirm the current conditions for your application.
Frequently asked questions
Who is Now Finance best suited to?
Based on our review, Now Finance is best suited for good-credit borrowers who want a genuinely fee-free fixed-rate personal loan.
What are Now Finance's rates?
5.95% - 26.95% p.a. fixed unsecured, 5.95% - 21.65% p.a. fixed secured; vehicle loans 7.59% - 15.39% p.a.. Comparison rate: equals the interest rate on personal loans (no fees); 8.43% - 16.29% on vehicle loans. Profile record dated 1 Sep 2026. Rates and fees are subject to change by the lender at any time.
What fees does Now Finance charge?
Personal loans: no fees at all - no establishment, monthly, extra repayment or exit fees. Vehicle loans: once-off establishment fee up to $595, no other fees. Third-party recovery costs can be passed on only if loan terms are breached.
How fast is Now Finance's approval?
Personalised quote in 2 minutes, application around 10 minutes, funds in as little as 24 hours after approval and ID verification.
What credit profile does Now Finance accept?
Rate personalised by Equifax credit score across Average to Excellent tiers. No bad-credit or credit-impaired offering is published.
How do I apply through Now Finance?
Start a Loanseekers enquiry and we compare Now Finance against 70+ lenders for your situation. The initial check does not affect your credit score, and our specialists manage the application to settlement.
See if Now Finance suits your situation
One enquiry compares Now Finance against 70+ lenders for your exact position. No obligation, no impact on your credit score to enquire.
This is general information only, not personal advice; we have not considered your objectives, financial situation or needs. Loanseekers is a broker, not a lender, and may receive commission from lenders on our panel. This does not change what you pay. Approval is subject to lender criteria. See our Credit Guide.
Profile record dated 1 Sep 2026. Rates and fees are subject to change by the lender at any time.
*The comparison rate is based on the lender's published example and is true only for that example. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Lender source pages
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