Now Finance Personal Loans



NOW Finance Personal Loans

NOW Finance is an Australian owned, top non-banking lender that provides simple, data backed personal loans. Headquartered in Melbourne, the company also provides services through its corporate offices located in Perth, Sydney, and Brisbane. The company provides a number of retail banking products like Home Renovation Loans, Car Loans, Debt Consolidation Loans, Medical Loans, and Personal Loans.

Now Finance Personal Loans Rates

Rate of Interest:6.75% - 20.95%
Comparison Rate:6.75%

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Pros & Cons-Now Finance


  • Signup Fees.
  • Strict Age Restrictions.
  • Customer Support.


  • Strict lending policies.
  • High Property Value for First Home Buyers.
  • Home Loan for Self-Employed.

About NOW Finance Personal Loans

NOW Finance offers an option of a secured or an unsecured personal loan with NOW Finance. Your borrowing capacity depends on the kind of loan you're applying for. You can borrow up to $100,000 for a secured loan but only $50,000 for an unsecured one. Loans from NOW Finance can be used for a variety of things, including debt consolidation, travel, home improvement, medical costs, funeral costs, and career advancement. Although interest rates are fixed, they are still influenced by the sort of loan you are applying for and your credit score. Unsecured loans offer rates that start at 6.75% p.a. and go up to 26.95% p.a., while rates for secured loans begin at 6.50% p.a. and are capped at 21.65% p.a.


  • A $5,000 to $50,000 loan with a period of 18 months to 7 years is possible.
  • Depending on your credit score and financial position, you may get a fixed interest rate that varies from 5.95% p.a. to 17.95% p.a.
  • There are no costs associated with making extra repayments or paying off your loan early.
  • A specialised personal loan advisor will be accessible to help you with the application process and address any queries you may have.
  • Before applying, you can get a free credit report and a customised interest rate.


  • To qualify, you must have a strong credit history and earn a minimum of $20,000 annually.
  • A $495 or $995 establishment charge is required, depending on the size of the loan you are requesting. 
  • If you forget to make a repayment or don't have enough money in your account, you can be charged late fees or dishonour fees.

Features & Benefits of a NOW Finance Personal Loan

Below are some features and benefits of a NOW Finance personal loan:

  • Rate of interest: Loans have fixed interest rates, so your monthly payments will remain the same for the duration of the loan.
  • Loan borrowed: Depending on how much money you require, you can apply for any amount between $5,000 to $100,000.
  • No need for security: On loans under $50,000, you are not required to attach a guarantee.
  • Quick turnaround: In around 10 minutes, you can apply for a loan it can be online or over the phone. You can get your money within 24 to 48 hours of being authorised.
  • Payment conditions: You have the option of choosing to repay over terms of up to 7 years at regularly scheduled intervals.
  • Personal loan consultant: Every step of the loan application procedure will be outlined to you when you submit your application.

Who is eligible for a NOW Finance personal loan? 

To be eligible for a personal loan from NOW Finance Australia, you must meet the following criteria:

  • Applicant must be at least 18 years old.
  • Applicant must be an Australian citizen or permanent resident.
  • Applicant must be employed and not currently on probation.
  • Applicant must have no defaults or prior bankruptcy.
  • Applicant must have a current Australian driver’s license or current Australian passport.

If you meet the eligibility criteria, you can apply for a personal loan online by visiting Urban Money or the NOW Finance website. Once you submit the application form, NOW Finance will review your application and get back to you with a decision within 24 hours.

How to apply for a NOW Finance personal loan? 

You can visit the Urban Money website to apply for a NOW Finance personal loan online. Here are the steps you need to follow for the application:

  • On your PC or smartphone, visit the Urban Money website and select the NOW Finance Personal Loan option.
  • Click on the Enquire Now button to start applying for the personal loan.
  • Provide all the necessary information according to the instructions and proceed with the application process.
  • After submitting all the accurate information, our representative will contact you regarding the personal loan you are looking for.

You can also apply on the bank’s official website to apply online or visit the bank physically for offline application proceedings.

Documents required for NOW Finance personal loan 

Make sure you meet the eligibility requirements listed below before proceeding:

  • You are a permanent resident or a citizen of Australia.
  • You've completed probation and are working full- or part-time or on your own.
  • Centrelink payments are not your primary source of income.
  • You haven't been declared bankrupt or experienced a lender credit default.

You can apply if you meet the requirements. To complete the application, be sure to have your personal, financial, and employment information ready.

Customer Service NOW Finance personal loan

Credit Union SA Customer Service is available to the customers on call. Online enquiry is also available on the website. Customers can also visit the bank for any enquiry. 

Customers can contact the bank via phone at 1300 275 669. Customer service is available from 9 a.m.-6 p.m. on weekdays and from 9 a.m. to 12 pm on Saturdays via call.

NOW Finance Personal Loan Calculator 

A Personal Loan Calculator is a digital calculator that runs on an algorithm to calculate the possible EMIs using information like loan tenure and interest rate. You can visit the Urban Money Oceania website to use a digital calculator to calculate EMIs. The Digital EMI calculator will ask for the Credit Union SA Personal Loan amount and loan tenure. After providing the information, it will automatically calculate your loan's per-month EMI and repayment amount, if applicable.

Frequently Asked Questions

What is the interest rate of a personal loan in NOW Finance?

The interest rate for a NOW Finance personal loan depends on the loan amount, loan term, and credit score of the borrower.

What is the minimum and maximum loan amount for a NOW Finance personal loan?

The minimum and maximum loan amounts for a NOW Finance personal loan vary between $5,000 and $50,000, respectively, for unsecured loans and $15,000 and $100,000 for secured loans.

What is the loan term for a NOW Finance personal loan?

The loan term for a NOW Finance personal loan ranges from 18 months to 7 years.

How can I calculate my NOW Finance personal loan repayments using the loan calculator?

You can calculate your NOW Finance personal loan repayments using their online loan calculator. You will need to enter the loan amount, loan term, and interest rate to get an estimate of your monthly repayments.

How does NOW Finance customer service support customers with their personal loans?

NOW Finance customer service provides support to customers with their personal loans through phone and email. You can contact them at 1300 275 669 or email them at [email protected] 

What happens if I miss a payment on my NOW Finance personal loan?

If you miss a payment on your NOW Finance personal loan, you may be charged a late fee. It’s important to contact NOW Finance customer service as soon as possible if you’re having trouble making payments.

Can I get a NOW Finance personal loan if I have bad credit or no credit history?

NOW Finance offers personal loans to individuals with bad credit or no credit history. Moreover, they will assess your creditworthiness based on your income and employment status.


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