NOW Finance

NOW Finance: personal and vehicle loans in Australia

NOW Finance is an Australian lender focused on personal and vehicle financing. Its offering includes secured and unsecured personal loans, loans for cars and other vehicles, and debt consolidation. The company presents its model as an alternative to the banks, with fixed rates and a streamlined fee structure.

Personal loan range

The personal loan portfolio is organised by the purpose of the funds. The website lists financing for furniture, funeral expenses, medical and dental treatments, education, weddings, holidays and travel, home improvements, and debt consolidation. In the latter case, the proposition is to combine multiple payments into a single instalment.

Vehicle financing

The vehicle loan line includes campervans, jet skis and personal watercraft, boats, motorcycles, motorhomes, caravans, and cars. These loans are secured by the vehicle itself, which entails additional security and registration requirements.

Loan terms and costs

Personal loans, both secured and unsecured, are offered with no establishment, monthly, or early repayment fees, and a fixed interest rate. Vehicle loans, by contrast, include an establishment fee of up to AUD 595 that covers securing the loan and registering the vehicle. Available terms range from 18 months to 7 years, with the option to repay early at no cost. The website's calculator shows estimated weekly repayments, interest rate, and comparison rate based on the amount, term, and credit profile.

Application process

The customer first obtains a personalised quote in about two minutes without the enquiry affecting their credit score. They then complete the online application and receive an initial response in around two minutes; most applications are assessed within one to two business days. Once the application is approved and identity is verified, funds can be transferred within 24 to 48 hours. The company uses Equifax to determine credit score and applicable rate.

Joint loans and tools

NOW Finance offers joint personal loans for couples living at the same address, with shared responsibility for the debt and repayments; both applicants must meet the criteria, provide bank statements, and verify their identity. The website provides an eligibility calculator, a repayment calculator, a financial terms glossary, and a customer portal with a mobile app to check the balance.

Awards and promotions

The company states that its loans have been recognised by Finder, Mozo, and WeMoney. The site also displayed a spring promotion with a monthly draw for AUD 1,000 among eligible loan applicants who settle before 30 November 2026.

Location and contact

Phone: 1300 275 669 · Email: customerservice@nowfinance.com.au · Hours: Monday to Friday, 09:00 to 18:00