Reviews
Personal Loans Updated: 14. 04. 2026

NOW Finance Personal Loan – review 2026

4,2 / 5

NOW Finance is an Australian non-bank lender offering personal loans from AUD 5,000 to AUD 50,000 with no ongoing fees. The lender emphasises a no-fee structure beyond its establishment fee. NOW Finance holds Australian Credit Licence 425142.

Pros

  • No monthly or ongoing fees
  • Terms up to 84 months for manageable repayments
  • Fully online application process
  • Short initial terms from 18 months available
  • ASIC-licensed with responsible lending assessment

Cons

  • Establishment fee of AUD 495 is above average
  • Minimum loan of AUD 5,000
  • Rates from 9.49% p.a. higher than leading fintech lenders
  • Maximum AUD 50,000
  • Less brand recognition than ASX-listed lenders

NOW Finance Personal Loan Review

NOW Finance offers unsecured personal loans from AUD 5,000 to AUD 50,000 with a headline no-ongoing-fee structure. Loan terms range from 18 to 84 months. The lender advertises rates from 9.49% p.a. to 25.99% p.a.

NOW Finance assesses applications using standard credit reporting data and bank statement analysis. An establishment fee applies, but there are no monthly or annual fees, which reduces the total cost for longer-term borrowers.

Fees and Charges

Establishment fee: AUD 495. Monthly fee: nil. No early repayment penalty.

Requirements

  • Australian citizen or permanent resident
  • Minimum age 18 years
  • Minimum income AUD 25,000 p.a.
  • 100 points of ID required
  • Regular employment or income verifiable by bank statements

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.