With NOW Finance, you can opt for a secured or unsecured personal loan. Your borrowing limits are determined by the type of loan you apply for. For a secured loan, you can borrow up to $100,000, while $50,000 is the limit for an unsecured loan. NOW Finance loans can be used for a variety of purposes, and they have loans covering debt consolidation, travel, home improvement, medical expenses, funerals, career development etc. Interest rates are fixed, but will depend on the type of loan you apply for and your credit score. Rates for secured loans start from 6.45% p.a. and are capped at 21.65% p.a., while for unsecured loans rates start from 6.45% p.a. and are capped at 26.95% p.a. This means that you can get a low rate if you have excellent credit, but a high rate if your credit score isn’t perfect. There are no establishment, ongoing or early payout fees with these loans.
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Types of personal loans available from NOW Finance
Depending on your needs, one of these personal loans might be right for you.
Debt consolidation loan. If you have outstanding debt from credit cards, personal loans or other credit accounts, you can take out a debt consolidation loan to help you pay down your debt with one manageable repayment.
Travel loan. Looking at taking a trip away? A NOW Finance travel loan can give you some extra spending money or even help you purchase the tickets.
Vehicle finance loan. Whether you want to buy a new car or upgrade your current car, you can consider the vehicle finance loan to help you fund your new purchase.
Home improvement loan. Want to add value to your home? You can borrow up to $100,000 to add a new room, upgrade your backyard or renovate your bathroom.
Medical loan. You could apply for between $5,000 and $100,000 for dental surgery, cosmetic surgery, or even to cover the cost of laser eye surgery.
Funeral loan. Funeral costs can add up quickly, and the quick turnaround of NOW Finance loans can make its funeral loan an option to consider if you're in need of additional funds.
Other loans. These include loans for career development, weddings and even loans for veterinary bills.
Features of NOW Finance personal loans
A personal loan from NOW Finance comes with a few features and benefits:
Interest rate. Loans come with a fixed interest rate, keeping your repayments the same over your entire loan term.
Loan amount. You can apply for between $5,000 and $100,000, depending on how much you need.
No security needed. You aren't required to attach a guarantee on loans under $50,000.
Fast turnaround time. You can apply online or over the phone in about 10 minutes. Once you're approved, you can receive your funds within 24 to 48 hours.
Repayment terms. You can choose to make weekly or fortnightly repayments over terms of up to 7 years.
Personal loan advisor. When you apply, you will have someone walk you through every step of the loan process.
No fees. When you choose to borrow between $5,000 and $100,000, there are no application or ongoing fees.
Congratulations, NOW Finance!
The NOW Finance No Fee Unsecured Personal Loan won Best Unsecured Personal Loan in the 2025 Finder Awards.
You have the option of completing your application online or over the phone. Before you do so, make sure you meet the eligibility criteria outlined below:
You’re an Australian citizen or permanent resident
You're employed as a full-time, part-time, casual or self-employed person and have cleared probation
Your main source of income isn’t from Centrelink payments
You have not been declared bankrupt or had a credit default with a lender
If you meet the minimum criteria, you can apply. Make sure you have your personal, financial and employment details on hand to complete the application.
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Elizabeth Barry is an experienced journalist with over 10 years of expertise in personal finance, contributing to outlets like the ABC, Sydney Morning Herald, and 7News. She holds a Master of Arts in Creative Writing and a Bachelor of Arts in Communication from the University of Technology Sydney, and has earned multiple award nominations, including a Highly Commended recognition at the 2017 Lizzies. Elizabeth began her career at Finder in 2013, progressing through roles to become Lead Editor, where she oversaw a wide range of personal finance coverage until 2024. See full bio
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This secured loan may be used for any worthwhile purchase and requires security against a vehicle. It uses risk-based pricing, so your interest rate will be set based on your credit score and history.
Why not be rewarded for your good credit history? MoneyPlace offers unsecured personal loans with rates starting at 8.49% p.a. – finance a range of personal purposes and borrow up to $80,000. Read the review and see if you're eligible to apply.
If you are budget-conscious and looking for a personal loan with clear expectations and repayments, the ANZ Fixed Rate Personal Loan is an option worth considering. With low fees and a competitive interest rate, this loan might be an option for you.
The ANZ Variable Rate Personal Loan may be a great choice for borrowers who want options. With a free redraw facility and the option to make additional repayments, borrowers get the comfort of a personal loan that will let them access much-needed funds.
Use a personal loan calculator to work out your repayments or compare loans with a comparison calculator.
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