NOW Finance Unsecured Personal Loan
- Interest Rate (p.a.)
- 5.95% to 26.95%
- Comparison rate (p.a.)
- 5.95% to 26.95%
- Min Loan Amount
- $5,000
Summary
This fee-free personal loan offers a highly competitive minimum interest rate that is in the top 5% of loans in our database.
The NOW Finance No Fee Unsecured Personal Loan is a top-tier option, ranking in the top 10% of loans in our database. Its key strength is a highly competitive minimum interest rate which is in the top 5% of loans we've analysed.
The lack of application and ongoing fees also makes it a cost-effective choice for eligible borrowers with strong credit profiles. It has an excellent Finder Score of 9.5 out of 10.
Pros
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There's no application fee for this product
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There are no ongoing fees to worry about
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Have a dedicated loan advisor for the duration of your loan
Cons
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The worse your credit score, the higher your interest rate will be
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The maximum interest rate you might be expected to pay is very high
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You can only borrow up to $50,000, so if you have larger expenses this loan won't work for you
Details
Product details
| Product Name | NOW Finance No Fee Unsecured Personal Loan |
| Interest Rate (p.a.) | 5.95% to 26.95% |
| Comparison rate (p.a.) | 5.95% to 26.95% |
| Interest Rate Type | Fixed |
| Min Loan Amount | $5,000 |
| Max. Loan Amount | $50,000 |
| Loan Security | Unsecured |
NOW Finance is a Finder Awards winner!
The NOW Finance No Fee Unsecured Personal Loan won Best Unsecured Personal Loan in the 2026 Finder Awards.
Full list of 2026 winnersHow does NOW Finance No Fee Unsecured Personal Loan compare?
- A top-ranking loan. It ranks in the top 10% of unsecured personal loans in our database based on its Finder Score.
- A highly competitive interest rate. Its minimum interest rate of 5.95% is in the top 5% of lower rates on Finder.
- No upfront or ongoing fees. This loan has no application or ongoing monthly fees unlike many other personal loans.
How do NOW Finance Unsecured personal loans work?
A NOW Finance unsecured personal loan provides finance to approved applicants for any worthwhile purchase - which means anything from a holiday, to a vehicle, or even consolidating your existing debt.This loan comes with zero fees and a personalised interest rate. This means NOW Finance will base your rate on your personal situation and credit history.
You can apply for loans from $5,000 up to as much as $50,000 with no security. When you take out a NOW Finance loan you will agree to pay it off within a time period of between 18 months to 7 years. Pay weekly or fortnightly.
How to apply
You can apply for a NOW personal loan online.Eligibility criteria
- Be 18 years or over
- Be an Australian Citizen or permanent resident
- Be employed, and have passed your probationary period
- Have no prior bankruptcy or defaults
- Have identification such as a current Australian Drivers License or an Australian Passport
Features of this loan
- Unsecured. You don’t need to provide collateral for this loan.
- Free early repayments.
- Borrow from $5,000 to $50,000.
- No monthly fees.
- No establishment fee.
- Funds are distributed into your account within 2 working days.
- Personalised interest rates.
How much does a NOW Finance Unsecured personal loan cost?
You will pay these fees
| Cost | Amount |
|---|---|
| Interest Rate | 5.95% to 26.95% p.a. |
| Comparison Rate | 5.95% to 26.95% p.a. |
| Establishment fee | $0 |
| Ongoing fees | $0 per month |
You might pay these fees
| Cost | Amount |
|---|---|
| Early pay out fee | $0 |
| Cash advance fee | $0 |
| Additional repayments fee | $0 |
| Late payment fee | $0 |
| Dishonour fee | $0 |
| Paper statement fee | $0 |
Sources
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