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
Access a top 5% interest rate with no ongoing fees
The NOW Finance No Fee Unsecured Personal Loan is a standout option, ranking in the top 10% of loans in our database based on its Finder Score. Its minimum interest rate from 5.95% is among the top 5% of the most competitive rates available.
On top of this you'll pay no application or ongoing monthly fees. You can also make extra repayments without penalty allowing you to clear your debt faster and save on interest.
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 compare?
- A top-rated loan. This loan ranks in the top 10% of unsecured personal loans based on its Finder Score.
- A highly competitive interest rate. Its minimum interest rate of 5.95% p.a. is among the top 5% of the lowest rates for unsecured personal loans on our database.
- No upfront application fee. You won't pay an application fee which can save you up to $600 compared to other personal loans.
- No ongoing fees. There are no monthly account-keeping fees saving you money over the life of the loan compared to other lenders.
- Fee-free extra repayments. You can make extra repayments at any time without incurring a penalty unlike some other lenders.
- The lowest rate isn't for everyone. While the minimum interest rate is in the top 5% of personal loans we track you'll likely need an excellent credit history to qualify for it.
- Tougher eligibility criteria. As this loan ranks in the top 10% based on its Finder Score it may have stricter income and credit requirements compared to less competitive options.
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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