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Mini meca 2022

NOW Finance Secured Personal Loan

Advertiser disclosure
Interest rate from
4.45% 17.45% p.a.
Comparison rate from
4.45% 17.45% p.a.based on $30,000
over 5 years
Upfront fee

Mozo editorial review NOW Finance Secured Personal Loan - last updated: 13 May 2022

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What's hot
  • Fixed rates from 4.45% p.a. (4.45% p.a. comparison rate*)
  • 2022 Mozo Experts Choice Award
  • Extra repayments allowed
  • No upfront, ongoing or exit fees
What's not
  • No redraw facility
Mozo snapshot

Don’t like fees? With NOW Finance, you may not have to worry about them! Not only does this loan come with fixed rates starting at a low 4.45% p.a. (4.45% p.a. comparison rate*), there are no application, ongoing monthly, exit or early repayment fees. There are also flexible repayment options - choose weekly, fortnightly or monthly repayments, and make free extra repayments if you want to. 

Any surprise then that it was named a winner in the best Secured Personal Loan category at the 2022 Mozo Experts Choice Personal Loan Awards?  

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Key features

The NOW Finance secured personal loan is a competitive product that can come with both a low fixed rate and no fees. Loans range from $15,000 to $100,000 and can be repaid over 2 to 7 years. 

Fixed rates are determined by a customer’s credit rating, meaning the better your credit, the lower rate you’ll receive. Rates start at a competitive 4.45% p.a. (4.45% p.a. comparison rate*), but bear in mind they go up to 17.45% (17.45% comparison rate*). 

NOW Finance doesn’t charge any application, ongoing service, exit or early repayments fees. Not to mention, there’s plenty of flexibility on this loan. Borrowers can choose a weekly or fortnightly repayment schedule and make additional contributions at no extra cost. There is no redraw attached to this product, so once you make an extra repayment, you cannot access it later.

Who is it good for

This loan could be an option worth considering if you're someone who doesn’t want to pay fees on their personal loan. Plus, those that have an excellent credit rating can benefit from competitively low fixed interest rates.

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Any catches

This loan is a secured option, meaning you’ll have to put up an asset against the loan as security. The catch is the value of the security must be at least 33% of the loan amount you intend to take out.


Rates and fees information correct as at 21 May 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.


4.45% 17.45% p.a. fixed

4.45% 17.45% p.a.based on $30,000
over 5 years







Other financial bits



2 Years

7 Years



Weekly, Fortnightly



Value of security must be at least 33% of the loan amount.


WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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