Important disclosure
No Fee Personal Loan
special
Pay no fees over the lifetime of your loan with NOW Finance. T&C’s apply.2024 Award Winner
Interest Rate
6.75%
p.a
up to 26.95%
Comparison Rate*
From
6.75%
p.a
up to 26.95%
RateCity says
“Make the most of this unsecured personal loan's competitive interest rate with no fees for extra repayments.”
6.75%
p.a
up to 26.95%
From
6.75%
p.a
up to 26.95%
Australian Credit Licence 411227Fees & charges apply
Calculate your repayments for this loan
Your estimated repayment
$154
based on $5,000 loan amount for 3 years at 6.75%
Pros and cons
For No Fee Personal Loan
Benefits
- Flexible repayment options
- No security required
- Can apply online
- Suitable for both new or used car
- Fast time to funding
- Winner of Excellent Credit Personal Loans, RateCity Gold Awards 2024
Drawbacks
- Cannot apply in branch
NOW Finance Rate Personal loan overview
For No Fee Personal Loan
Details
Total repayments | Interest rate type Fixed |
Borrowing range $5k - $8k | Security type Unsecured |
Loan term 1 to 3 years | Secured by |
Loan type Is Fully Drawn Advance | Repayment frequency Weekly, Fortnightly |
Target Market Determination Visit Wingate Consumer Finance (NOW Finance) to view Target Market Determination. |
Features
Extra repayments Yes | Redraw facility |
Instant approval | Time to funding 48 hours |
Fees
Upfront Fee $0 | Ongoing Fee $0 |
Missed Payment Penalty $0 | Early Exit Penalty Fee $0 |
Permitted Loan Purposes
New Car | Used Car |
Motorcycle | Boat |
Debt Consolidation | Renovation |
Holidays | Medical Bill |
Shares | Student Loan |
Wedding |
- Other Pay no fees over the lifetime of your loan with NOW Finance. T&C’s apply.
Other Restrictions
THINGS YOU SHOULD KNOW Applications for finance are subject to NOW Finance’s lending and approval criteria. Terms and conditions may apply. No fees only apply to new NOW Finance personal loans. If you do not comply with the terms of your loan, we may pass on to you any third party enforcement or recovery costs incurred by us. Loan repayment terms range between 18 months to 7 years. For unsecured personal loans you can borrow between $5,000 to $50,000 with interest rates ranging from 6.75% p.a. (6.75% p.a. comparison rate*) to 26.95% p.a. (26.95% p.a. comparison rate*). For secured personal loans you can borrow between $15,000 to $100,000 with interest rates ranging from 6.75% p.a. (6.75% p.a. comparison rate*) to 21.65% p.a. (21.65% p.a. comparison rate*). *ABOUT COMPARISON RATES The Comparison Rate is designed to help you understand the overall cost of the personal loan by taking into account fees and charges, the loan amount and the term of the loan. The comparison rates for the NOW Finance personal loans are based on a loan of $30,000 over 5 years. WARNING: The comparison rates given are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. NOW Finance personal loans do not charge any fees so the Comparison Rate will always equal the interest rate quoted. Representative example: For a borrower with excellent credit, an unsecured personal loan of $30,000 borrowed for 5 years with the interest rate of 6.75% p.a. (6.75% p.a. comparison rate), would estimate to a minimum total amount payable of $35,430 via the fortnightly payment option. Rates are subject to change. NOW Finance does not charge any additional fees for its personal loans, included but not limited to ‘Upfront Fees’, ‘Break Cost Fees’ or ‘Late Fees’.
How to apply
If you'd like to apply for this product or just get more information, follow the application process on NOW Finance.
FAQs
How long are $3000 loans?
Medium amount loans can be repaid between 16 days and 2 years. Many personal loans have terms between 1 year and 5 years, though some are as short as 6 months while others last for 10 years.
Generally, the shorter a loan’s term, the more expensive your regular repayments may be, but the less total interest you’ll pay. Loans with longer terms mean more affordable repayments, but more interest charges over the full term.