NOW Finance Secured Personal Loan

NOW Finance is a Finder Awards winner!

The NOW Finance Secured Personal Loan won Best Secured Personal Loan in the 2026 Finder Awards.

Full list of 2026 winners

FINDER SCORE

9.4 / 10

Top 9% of 107 products benchmarked

FINDER SCORE / 10

Rank unavailable of 124 personal loans benchmarked

This product Market average

How does NOW Finance Secured Personal Loan compare?

• High Finder Score. This product's features and competitive pricing earn it a Finder Score of 9.4 placing it in the top 7% of personal loans we've reviewed.
• Competitive interest rates. With a minimum interest rate of 5.70% this loan sits in the top 5% for lowest rates in our database.
• No ongoing fees. You can save money over the life of the loan as there are no ongoing monthly or annual fees.
• EV financing available. You can use this loan to finance the purchase of an electric vehicle which isn't offered by all lenders.

• Your final rate could be higher. While its lowest rate of 5.70% p.a. is among the top 5% in the market you may be offered a higher rate depending on your credit history.
• Watch out for the establishment fee. This loan charges an upfront establishment fee which will be added to your total loan cost unlike some other no-fee loans on the market.
• It's not our highest-rated loan. While its Finder Score of 9.4 places it in the top 7% of personal loans we review there are a handful of other options with higher scores available.

How does the NOW Finance Secured Personal Loan work?

NOW Finance secured personal loans feature personalised rates. Therefore, the better your credit score, the lower the rate that you could be offered. Rates vary between 5.95% p.a. and 21.65% p.a. with comparison rates varying between 5.95% p.a. and 21.65% p.a.

NOW Finance also offer a personal loan advisor who is there to help borrowers throughout the life of their loan. These advisors can talk to you over the phone to help you understand your rate, repayment schedule, and all fees and charges associated with your personal loan application.

How to apply

If you're thinking of applying for a personal loan from NOW Finance, simply click "Go to site" to visit the lender's site directly. Applications take roughly 10 minutes to complete.

Eligibility

• Be an Australian citizen or permanent resident
• Be 18 years old or over
• Have a stable income – full time, part-time, self-employed (for more than 24 months) or casual (for more than 3 months) are all eligible. Centrelink applicants can be eligible if Centrelink is a secondary income to employment (i.e. less than 50% of your entire income).
• Have no defaults (paid or unpaid) or active payday loans
• Not be a current or prior bankrupt or be party to a court judgement
• Have viable asset security

Documentation

You will also need to have the following documentation handy:

• A copy of your Australian passport or driver's licence and Medicare card
• A letter or payslips from your employer
• Proof of address - Driver's License / Bank statement/ Utility Bill/ Centrelink Statement/ Rates Notice/ Lease Agreement.
• Proof of rent and/or mortgage payments
• Bank statements
• Details of any amounts owing, including other loans, credit/store cards and overdrafts

Depending on your circumstances, your advisor may ask you for additional information.

Remember that while this is a competitive loan product, it's still a good idea to compare your secured loan options prior to submitting an application.

Features of this loan

NOW Finance's personal loans come with the following features:

• Personalised rate. Rates for NOW Finance loans are risk-based. So, the better your score, the lower the rate you could be offered.
• Loan amount. Funding amounts vary from $15,000 to $100,000.
• Loan term. Terms vary from 18 months to 7 years.
• Fixed rate. NOW Finance offers fixed rate personal loans, meaning that rates won't change over the course of the loan term.
• Flexible terms. You can adjust the loan amount, term and repayment schedule to suit your needs.
• Loan advisor. Borrowers will be allocated a personal advisor to guide them through the loan process.
• Quick application. Applications take around 10 minutes to complete.
• Quick funding. Once your application is approved, you could see funds in your account from 24-48 business hours.
• Secured. This loan product requires asset security as collateral.
• No fees. This loan comes with no establishment or monthly fees. Also, there are no penalties for repaying your loan early.

How much does a NOW Finance Secured Personal Loan cost?

You will pay these fees

Cost	Amount
Interest Rate	5.95% to 21.65% p.a.
Comparison Rate	5.95% to 21.65% 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