NOW Finance - Personal Loan
Unsecured | Fixed
The Personal Loan from NOW Finance offers a borrowing range of between $5,000 and $50,000 as well as advertised interest rates from 6.75% p.a.. The Personal Loan is a Fixed rate, Unsecured loan with comparison rates from 6.75% p.a.. The early repayment fee with this loan will be $0. It also has repayment terms of between 18 and 84 months.
More NOW Finance Personal Loan details can be found below or visit NOW Finance to learn more or apply.
The loan type will be Unsecured with a comparison rate of 6.75% p.a. and an advertised rate of 6.75% p.a.
Rate Type
Fixed
Advertised Rate
From 6.75% p.a. to 26.95% p.a. Fixed
Comparison Rate
From 6.75% p.a. to 26.95% p.a.
Loan Term
18 to 84 months
Interest
Rate Type
Fixed
Advertised Rate
From 6.75% p.a. to 26.95% p.a.
Fixed
Comparison Rate
From 6.75% p.a. to 26.95% p.a.
Application Frequency
Weekly
Calculation Frequency
Daily
Loan Security
Loan Security
Unsecured
Loan Terms
Loan Term
18 to 84
months
Borrowing Range
$5,000 to $50,000
Repayment
Weekly, Fortnightly
Features
Extra Repayments Allowed
Yes
Fees
Establishment Fee
$0
one off
Loan Service Fee
$0
per month
Early Repayment Fee
$0
per event
Who is the product designed for?
This product is designed for a class of consumers who:
- wish to borrow a large sum of credit from a non-bank lender without providing an asset as security for the Loan
Objectives
- Obtain a large lump sum which can be used for a wide range of personal, domestic or household purpose including but not limited to:
- Vehicle, watercraft or caravan purchases
- Home renovations
- Household furnishings
- Debt consolidation
- Travel
- Medical expenses and
- Wedding expenses
Needs
- Spread / smooth the repayments over an extended period of time without a balloon payment at the end.
- Need certainty of repayment amounts.
- Need flexibility to make extra repayments or pay out the Loan early.
Financial situation
- Have the financial capacity to service the loan without a need for providing a security for the loaned amount.
Eligibility Criteria
- being of 18+ years of age
- holding Australian citizenship or permanent residency
- currently employed (full time/ part time/ casual) and not on probation
- no defaults (paid or unpaid)
- Centrelink is not the primary form of income
- not a current or prior bankrupt or party to a court judgement
Visit NOW Finance to view Target Market Determination Effective From: 2024-01-01.
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