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NOW Finance Unsecured Personal Loan
By Rebecca Pike
Edited by Richard Whitten
- Interest Rate (p.a.)
- 5.95% to 26.95%
- Comparison rate (p.a.)
- 5.95% to 26.95%
- Min Loan Amount
- $5,000
Summary
An unsecured personal loan with customised interest rates and zero fees.
Finder Awards 2026 winner
3 things to consider about this loan:
- No security required.
- Personalised interest rates based on your credit history.
- No ongoing fees.
Pros
-
There's no application fee for this product
-
There are no ongoing fees to worry about
-
Have a dedicated loan advisor for the duration of your loan
Cons
-
The worse your credit score, the higher your interest rate will be
-
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 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 |
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