NOW Finance No Fee Unsecured Personal Loan

9.1

Finder Score

Excellent

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Interest Rate (p.a.): 6.75% to 26.95%
Comp. Rate (p.a.): 6.75% to 26.95%
Min Loan Amount: $5,000

Summary

An unsecured personal loan with customised interest rates and zero fees.

Finder Awards winner

3 things to consider about this loan:

No security required.
Personalised interest rates based on your credit history.
No ongoing fees.

Pros

No security is required
Use the loan on any worthwhile purchase
Fast application

Cons

Interest rates may be high if you have a low credit score

Details

Product details

Product Name	NOW Finance No Fee Unsecured Personal Loan
Interest Rate (p.a.)	6.75% to 26.95%
Comp. Rate (p.a.)	6.75% to 26.95%
Interest Rate Type	Fixed
Min Loan Amount	$5,000
Max. Loan Amount	$50,000
Loan Security	Unsecured

Congratulations, NOW Finance!

NOW Finance received the highly commended award for 'Personal Loans (Unsecured)' in the 2024 Product Awards.

Full list of 2024 winners

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	6.75% to 26.95% p.a.
Comparison Rate	6.75% 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

Compare other personal loans

1 - 8 of 8

Name	Interest Rate (p.a.)	Comp. Rate (p.a.)	Application Fee	Monthly Fee	Monthly Repayment
Harmoney Unsecured Personal Loan Finder award winner Fixed3 - 7 Years $2,000 - $70,000	Interest Rate (p.a.) 5.76% to 24.03%	Comp. Rate (p.a.) 6.55% to 24.98%	Application Fee $275 - $575	Monthly Fee $0	Monthly Repayment $926.83	More Info Compare
NOW Finance No Fee Unsecured Personal Loan Finder award winner Fixed18 Months - 7 Years $5,000 - $50,000	Interest Rate (p.a.) 6.75% to 26.95%	Comp. Rate (p.a.) 6.75% to 26.95%	Application Fee $0	Monthly Fee $0	Monthly Repayment $922.89	More Info Compare
OurMoneyMarket Unsecured Low-Rate Personal Loan ($5,000-$75,000) Finder award winner Fixed1 - 7 Years $5,000 - $75,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee 1.50% - 6% min. $250	Monthly Fee $0	Monthly Repayment $934.23	Go to site More Info Compare
Latitude Variable Rate Personal Loan Variable2 - 7 Years $5,000 - $70,000	Interest Rate (p.a.) 9.49% to 29.99%	Comp. Rate (p.a.) 10.37% to 30.69%	Application Fee $0	Monthly Fee $13	Monthly Repayment $973.85	More Info Compare	Special Finder offer: $395 establishment fee waived for approved personal loan applications submitted through Finder. Latitude may withdraw offer at any time. T&Cs apply.
NAB Personal Loan Unsecured Fixed Fixed1 - 7 Years $5,000 - $55,000	Interest Rate (p.a.) 8.49% to 20.49%	Comp. Rate (p.a.) 9.88% to 21.78%	Application Fee $250	Monthly Fee $15	Monthly Repayment $969.78	Go to site More Info Compare
OurMoneyMarket Secured Personal Loan ($5,000-$75,000) Fixed1 - 7 Years $5,000 - $75,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee 1.50% - 6% min. $250	Monthly Fee $0	Monthly Repayment $934.23	Go to site More Info Compare
OurMoneyMarket Home Improvement Loan Fixed1 - 7 Years $5,000 - $100,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee 1.50% - 6% min. $250	Monthly Fee $0	Monthly Repayment $934.23	Go to site More Info Compare
NAB Personal Loan Unsecured Variable Rate Variable1 - 7 Years $5,000 - $55,000	Interest Rate (p.a.) 8.49% to 20.49%	Comp. Rate (p.a.) 9.88% to 21.78%	Application Fee $250	Monthly Fee $15	Monthly Repayment $969.78	Go to site More Info Compare

Showing 8 of 8 results

Sources

NOW Finance Unsecured Personal Loan information PDF
NOW Finance Unsecured Personal Loan TMD

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Rebecca Pike is Finder's senior writer for money. She joined Finder after almost four years writing for business publications in the mortgage and finance industry, including three years as editor of Mortgage Professional Australia. She regularly appears as a money expert on programs like Sunrise and Today, as well as across radio and newspapers. She also holds ASIC-recognised certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products. See full profile

NOW Finance Unsecured Personal Loan