NOW Finance
Secured Personal Loan
NOW Finance · pers loans
Provider last updated this product 2026-05-20.
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A secured personal loan offering the most competitive rates with loan amounts from $15,000 to $100,000 over terms of 18 months to 7 years. Secured by bill of sale on eligible assets including vehicles, motorcycles, caravans, and other approved security.
As published by the lender
- Security - Secured
- Vehicles - New or used vehicles, up to 21 years old
- Headline rates - from 5.95% to 16.25%The lender publishes several headline rates; which one applies is the lender's decision.
Lending rates
| Type | Rate | Comparison^ | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| FIXED | 5.95% | 5.95% | UNCONSTRAINED | PRINCIPAL AND INTEREST | 18 months | - | calculated daily, paid monthly |
| Minimum annual percentage rate for this product. Fixed rate for the term of the loan. Interest calculated daily and charged monthly in arrears. Excellent Credit | |||||||
| FIXED | 8.95% | 8.95% | UNCONSTRAINED | PRINCIPAL AND INTEREST | 18 months | - | calculated daily, paid monthly |
| Minimum annual percentage rate for this product. Fixed rate for the term of the loan. Interest calculated daily and charged monthly in arrears. Very Good Credit | |||||||
| FIXED | 13.45% | 13.45% | UNCONSTRAINED | PRINCIPAL AND INTEREST | 18 months | - | calculated daily, paid monthly |
| Minimum annual percentage rate for this product. Fixed rate for the term of the loan. Interest calculated daily and charged monthly in arrears. Good Credit | |||||||
| FIXED | 16.25% | 16.25% | UNCONSTRAINED | PRINCIPAL AND INTEREST | 18 months | - | calculated daily, paid monthly |
| Minimum annual percentage rate for this product. Fixed rate for the term of the loan. Interest calculated daily and charged monthly in arrears. Average Credit | |||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Establishment fee | UPFRONT | $0 | - |
| Monthly fee | PERIODIC | $0 | - |
| Early repayment fee | EXIT | $0 | - |
| PPSR fee | UPFRONT | $0 | - |
Rate history
Rate Comparison rate
The figures behind this chart
| From | Until | Rate | Comparison |
|---|---|---|---|
| 2026-09-25 | 2026-09-30 (current) | 5.95% | 5.95% |
Published figures as captured daily since 2026-09-25. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- Available for cars, motorcycles, motor homes, and reduced emissions vehicles
- Available for both new and used car purchases
- Available for consolidation of existing debts
- Available for home renovations and improvements
- Available for green loans including EVs, PHEVs, solar panels, battery packs, heat pump hot water systems, double glazed windows, EV charging systems, and rainwater tanks
- Available for caravans and marine vessels
- Available for holidays, weddings, education expenses, medical or funeral costs
- Loan is secured by an eligible asset. Maximum vehicle age of 21 years applies.
- Repayments can be made weekly or fortnightly as preferred
- Security swap allowed with no fee
Who can apply
- min age - 18Applicant must be at least 18 years old
- natural personAvailable to individual persons only
- residency status - Australian ResidentApplicant must be an Australian resident with proof of residency
- employment status - Full-time, Part-time, Casual, Self-employedAvailable to full-time, part-time, casual, and self-employed applicants. Self-employed applicants must have minimum 2 years of self-employment.
- other - DocumentationBank statements required. Acceptable proof of income: 90 days bank statements or most recent payslip (employed); Last notice of assessment, 90 days bank statements, potentially BAS (self-employed).
- other - InsuranceMotor vehicle comprehensive cover and third party cover required for vehicle security
Limits
- min limit - 15000.00Minimum loan amount of $15,000
- max limit - 100000.00Maximum loan amount of $100,000
- other - P18MMinimum loan term of 18 months
- other - P7YMaximum loan term of 7 years
- other - 16 yearsMaximum age of vehicle allowed for security is 16 years
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-05-20T05:48:56.499Z · Product ID: 2e5b9984-0ddc-4865-9e32-c84953e3a8cc