now FINANCE Unsecured Personal Loan

7.95% p.a.to 11.45% p.a.

9.42% p.a.to 12.9% p.a.based on $30,000
over 5 years

$395

12.95% p.a.to 16.95% p.a.

14.39% p.a.to 18.38% p.a.based on $30,000
over 5 years

$395

now FINANCE Unsecured Personal Loan Review

Rates and fees information correct as at 20 July 2018.

Review published: 22 July 2016

What's hot:

  • Borrow from $4,000 up to $40,000

  • Tailored interest rate based on your credit score

What's not:

  • $395 application fee

Mozo snapshot:

If you have an excellent credit score, then not having assets or property to put down as security, shouldn’t stop you from getting your hands on a low rate personal loan deal. And with the now Finance Unsecured Personal Loan, it won’t! Get a fixed interest rate tailored to your credit score, plus the ability to make extra repayments on your loan. Just watch out for the fees!

Key features:

The now Finance Unsecured Personal Loan is available for any amount you want to borrow between $4,000 and $40,000, and you can repay it over a term ranging from 2 to 7 years. It comes with the flexibility to make your repayments either weekly or fortnightly.

The really good news is that the now Finance Unsecured personal loan interest rate is tailored to suit your credit history. Rates range from 7.95% to 11.45% and the better your credit score, the lower your rate. After all, you’ve put the hard work into keeping an excellent credit score so why settle for an ordinary interest rate?

You can also make extra repayments to pay your loan off quicker and save on interest - just remember that there’ll be an early break fee ($175 if you repay entirely in the first 6 months, $120 if you do in 6-12 months) for paying off your entire loan before the fixed term is up. There's also a $395 application and $13 service fee to account for, and be sure to make your repayments on time to dodge the $35 late payment fee.

Who it's good for:

Customisable to you as a borrower, this personal loan is perfect for someone without assets to put up as security, but who wants to be rewarded for maintaining a great credit score.

Any catches?

As an unsecured loan, you’ll usually wind up with a higher interest rate on this product than if you were to opt for a secured personal loan, even if you have a top-notch credit score.

Plus, if you decide to make extra repayments, remember that there’s no redraw facility to access that cash again.

The Mozo community has not yet rated now FINANCE for this personal loan.

Currently showing

Rates

  • Fixed

  • 7.95% p.a.to 11.45% p.a. fixed

  • 9.42% p.a.to 12.9% p.a.based on $30,000
    over 5 years

Fees

  • $395.00

  • $13.00

  • $35.00

  • $0.00

  • $175 in first 6 months, $120 if 6-12 months

Other financial bits

  • $4,000.00

  • $40,000.00

  • 2 Years

  • 7 Years

  • Unsecured

Features

  • Weekly, Fortnightly

  • yes

  • no

  • Rates based on borrower with excellent credit score. Application fee based on $10,000 loan amount.

  • none

Rates

  • Fixed

  • 12.95% p.a.to 16.95% p.a. fixed

  • 14.39% p.a.to 18.38% p.a.based on $30,000
    over 5 years

Fees

  • $395.00

  • $13.00

  • $35.00

  • $0.00

  • $175 in first 6 months, $120 if 6-12 months

Other financial bits

  • $4,000.00

  • $40,000.00

  • 2 Years

  • 7 Years

  • Unsecured

Features

  • Weekly, Fortnightly

  • yes

  • no

  • Rates based on borrower with excellent good score. Application fee based on $10,000 loan amount.

  • none

*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 for the amounts and terms quoted, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans, and apply only to these examples. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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