NOW Finance Rates & Review

Compare NOW Finance Products

Now Finance (stylised NOW) is an online only non bank lender. It's one of Australia's newest lenders, founded in 2012, and currently offers a range of personal loans.

Now has received plenty of industry recognition for its user experience. It's notable for its 'VIP' service: every borrower has a permanent loan consultant that manages their account, which can streamline the customer experience.

As a non bank lender, Now Finance does not take customer deposits. Until 2021, it relied on Wingate Group for its funding, but it has since moved into the securitisation market. Now Finance sells securities backed by its loan book to investors that work similarly to bonds. In 2022, Now raised $200 million from selling these securities.

Products and services

Now Finance offers an array of personal loan products for various uses. There are a range of unsecured personal loans that can go towards purposes like home renovation, debt consolidation, medical expenses, and travel. If you're looking for a new vehicle, Now can also help, with secured loans available with a higher borrowing ceiling.

Now distinguishes itself from other lenders with zero fees. That means there are no upfront costs, no early exit penalties and no fees for missed payments.

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Unloan Home Loans

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Comparison Rate Warning and Base Criteria

For home loans, the base criteria include a $400,000 loan amount over 30 years. For car loans, the base criteria include a $30,000 loan over 5 years. For personal loans, the base criteria include a $20,000 loan over 5 years. These rates are only examples and may not include all fees and charges.

*The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Monthly Repayment Figures

Monthly repayment figures are estimates that exclude fees. These estimates are based on the advertised rates for the specified term and loan amount. Actual repayments will depend on your circumstances and interest rate changes.

Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you.

Related Brands

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