Reviews
Car & Vehicle Loans Updated: 14. 04. 2026

NOW Finance Car Loan – review 2026

4,2 / 5

NOW Finance offers secured car loans from AUD 5,000 to AUD 50,000 with no ongoing fees. The lender's car loan product uses the vehicle as security, enabling competitive rates relative to its unsecured personal loan range. NOW Finance holds Australian Credit Licence 425142.

Pros

  • No monthly fee structure
  • Private sale vehicles accepted subject to criteria
  • Terms from 18 months
  • No early repayment penalty
  • Fully online application process

Cons

  • Rates from 9.49% p.a. above leading car finance specialists
  • Maximum AUD 50,000
  • Vehicle age restrictions apply
  • Establishment fee applies
  • Brand less established than ASX-listed competitors

NOW Finance Car Loan Review

NOW Finance offers a secured car loan product from AUD 5,000 to AUD 50,000, using the purchased vehicle as security. Terms range from 18 to 84 months. Rates start at 9.49% p.a. and no monthly fees apply.

The lender accepts applications for new and used vehicles from both dealers and private sales, subject to vehicle age criteria. All applications are assessed under the responsible lending obligations of the National Consumer Credit Protection Act 2009.

Requirements

  • Australian citizen or permanent resident
  • Minimum age 18 years
  • Minimum income AUD 25,000 p.a.
  • 100 points of ID required
  • Vehicle must comply with lender age and condition requirements

Information in this review is based on publicly available sources and is for informational purposes only. Finatino.com is not a financial product broker. Before signing any contract, we recommend reading the provider's terms and conditions.