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% (4.45% comparison rate*), there are no application, ongoing monthly, exit or early repayment fees. There are also flexible repayment options - choose a weekly, fortnightly or monthly repayments as well as make free extra repayments if you want to.
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 paid back 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% (4.45% comparison rate*) but just bear in mind they go up to 15.45% (15.45% comparison rate*).
When it comes to fees - you may not pay a thing. NOW FINANCE doesn’t charge an application, ongoing service, exit or early repayments fees. The only cost to be mindful of is a $35 late payment fee if you miss a regular repayment. So be sure to make all your payments on time.
And on the topic of repayments, there’s plenty of flexibility on this loan. Borrowers can choose a weekly or fortnightly repayment schedule as well as make additional contributions at no extra cost. There is no redraw attached to this product though, so once you make an extra repayment you cannot access it later on.
This loan could be the perfect option for someone that 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.
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.
Fixed
4.45% p.a.to 15.45% p.a. fixed
4.45% p.a.to 15.45% p.a.based on $30,000
over 5 years
$0.00
$0.00
$35.00
$0.00
0
$15,000.00
$100,000.00
2 Years
7 Years
Various
Weekly, Fortnightly
yes
no
Value of security must be at least 33% of the loan amount.
none
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.
This product is not currently reviewed.
NOW Finance
Unsecured Personal Loan
5.95% p.a.to 17.95% p.a.
5.95% p.a.to 17.95% p.a.based on $30,000
over 5 years
Plenti
Unsecured Personal Loan (Fixed)
6.39% p.a.to 8.69% p.a.
6.39% p.a.to 9.61% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
6.75% p.a.to 8.48% p.a.
6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years
Latitude
Secured Personal Loan
5.99% p.a.to 21.99% p.a.
7.26% p.a.to 23.15% p.a.based on $30,000
over 5 years
SocietyOne
Unsecured Personal Loan (Fixed)
6.99% p.a.to 10.49% p.a.
6.99% p.a.to 11.92% p.a.based on $30,000
over 5 years
Symple Loans
Personal Loan
5.75% p.a.to 25.99% p.a.
6.47% p.a.to 29.2% p.a.based on $30,000
over 5 years
Wisr
Unsecured Personal Loan
6.49% p.a.to 19.95% p.a.
6.76% p.a.to 20.26% p.a.based on $30,000
over 5 years
Heritage Bank
Standard Personal Loan (Unsecured)
7.99% p.a.
8.62% p.a.based on $30,000
over 5 years
NOW Finance
Secured Personal Loan
4.45% p.a.to 15.45% p.a.
4.45% p.a.to 15.45% p.a.based on $30,000
over 5 years
Wisr
Secured Car Loan
5.19% p.a.to 18.95% p.a.
5.46% p.a.to 19.26% p.a.based on $30,000
over 5 years
Plenti
New Car Loan (Fixed)
4.89% p.a.to 8.89% p.a.
5.44% p.a.to 9.46% p.a.based on $30,000
over 5 years
Latitude
Secured Personal Loan
5.99% p.a.to 21.99% p.a.
7.26% p.a.to 23.15% p.a.based on $30,000
over 5 years
NOW Finance
Unsecured Personal Loan
5.95% p.a.to 17.95% p.a.
5.95% p.a.to 17.95% p.a.based on $30,000
over 5 years
Symple Loans
Personal Loan
5.75% p.a.to 25.99% p.a.
6.47% p.a.to 29.2% p.a.based on $30,000
over 5 years
Wisr
Unsecured Personal Loan
6.49% p.a.to 19.95% p.a.
6.76% p.a.to 20.26% p.a.based on $30,000
over 5 years
OurMoneyMarket
Low Rate Personal Loan
6.75% p.a.to 8.48% p.a.
6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years
SocietyOne
Unsecured Personal Loan (Fixed)
6.99% p.a.to 10.49% p.a.
6.99% p.a.to 11.92% p.a.based on $30,000
over 5 years
Plenti
Unsecured Personal Loan (Fixed)
6.39% p.a.to 8.69% p.a.
6.39% p.a.to 9.61% p.a.based on $30,000
over 5 years
Heritage Bank
Standard Personal Loan (Unsecured)
7.99% p.a.
8.62% p.a.based on $30,000
over 5 years
Harmoney
Unsecured Personal Loan
6.99% p.a.to 24.79% p.a.
7.79% p.a.to 25.74% p.a.based on $30,000
over 5 years
