Secure your next purchase with a top 5% interest rate and no monthly fees.
With a high Finder Score of 9.4, the NOW Finance Secured Personal Loan ranks in the top 9% of products we've analysed. It boasts a minimum interest rate from 5.70%, placing it in the top 5% of the most competitive rates in our database. You also won't pay any ongoing monthly fees.
While its maximum rate is on the higher side, this loan remains a strong option for financing various assets including electric vehicles.
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Apply for an eligible NOW Finance Car Loan by 30 Jun 2026 through Finder. Reward tiers apply: $100 / $200 / $500 based on loan amount. Applications close 30 Jun 2026 and loan must be settled by 15 Jul 2026.
T&Cs and limits apply.
Apply for an eligible NOW Finance Personal Loan by 30 Jun 2026 through Finder. Reward tiers apply: $100 / $200 / $500 based on loan amount. Applications close 30 Jun 2026 and loan must be settled by 15 Jul 2026.
T&Cs and limits apply.
Highly rated by Finder. With a Finder Score of 9.4, this product ranks in the top 9% of personal loans we've reviewed.
Market-leading interest rates. Its minimum interest rate of 5.70% p.a. places it in the top 5% of the most competitive rates in our database.
No ongoing fees. You won't be charged any monthly or ongoing account-keeping fees for the life of the loan.
EV-friendly financing. The loan can be used to finance the purchase of an electric vehicle.
Your asset is required as security. As a secured loan you will need to provide an asset as collateral which could be at risk if you fail to make your repayments.
The lowest rate is not guaranteed. The advertised rate starts from 5.70% and is determined by your credit profile meaning you may be offered a higher rate.
A top loan but not the highest-rated. While its Finder Score is in the top 9% of personal loans a handful of competing products have a higher score.
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
Sources
Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
Bria Horne was a writer for Finder, with a specialist knowledge of personal loans, car loans and business loans. Originally from the UK, Bria has been a professional personal finance writer in Australia for over 2 years. She has an M.A and B.A in Philosophy and Literature from the University of Sussex, and previously worked on the UK’s leading hospitality publication.
See full profile
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