NOW Finance car loan repayment calculator

Thinking about taking out a car loan with NOW Finance? Use our car loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how NOW Finance car loans compare with other options.

I'd like to borrow

$

Loan term

Credit Score ()

Your estimated repayment

at interest rate 4.67 %

Total interest payable

$0

Total amount payable

$0

NOW Finance car loans rates

Advertised Rate

4.65%

Fixed

Comparison Rate*

4.99%

Company
People's Choice Credit Union
Monthly repayment

$561

Upfront Fee

$250

Loan amount

$20k to $100k

Total repayments
Go to site
Company
People's Choice Credit Union

Winner of Best new car loans, Best used car loans, RateCity Gold Awards 2020

More details
Product
Advertised Rate

From

3.99%

Fixed

Comparison Rate*

5.08%

Company
Credit Concierge
Monthly repayment

$552

Upfront Fee

$350

Loan amount

$10k to $150k

Total repayments
Go to site
Company
Credit Concierge

Winner of Best broker car loans, RateCity Gold Awards 2020

More details
Advertised Rate

4.67%

Fixed

Comparison Rate*

5.22%

Company
loans.com.au
Monthly repayment

$562

Upfront Fee

$400

Loan amount

$5k to $100k

Total repayments
Go to site
Company
loans.com.au
More details
Product
Advertised Rate

From

4.47%

Fixed

Comparison Rate*

5.28%

Company
Driva
Monthly repayment

$559

Upfront Fee

$400

Loan amount

$2k to $250k

Total repayments
Go to site
Company
Driva
More details
Product
Advertised Rate

From

5.19%

Fixed

Comparison Rate*

5.46%

Company
Wisr
Monthly repayment

$569

Upfront Fee

$195

Loan amount

$5k to $63k

Total repayments
Go to site
Company
Wisr

Winner of Best new car loans newcomer, RateCity Gold Awards 2020

More details
Product
Advertised Rate

From

4.05%

Fixed

Comparison Rate*

5.63%

Company
Stratton
Monthly repayment

$553

Upfront Fee

$700

Loan amount

$10k to $250k

Total repayments
Go to site
Company
Stratton
More details
Product
Advertised Rate

From

5.50%

Fixed

Comparison Rate*

5.85%

Company
OurMoneyMarket
Monthly repayment

$573

Upfront Fee

$250

Loan amount

$2k to $75k

Total repayments
Go to site
Company
OurMoneyMarket

Winner of Best used car loans, RateCity Gold Awards 2020

More details
Advertised Rate

From

5.75%

Variable

Comparison Rate*

6.47%

Company
Symple Loans
Monthly repayment

$577

Upfront Fee

0%

of loan amount up to 5%

Loan amount

$5k to $50k

Total repayments
Go to site
Company
Symple Loans
More details
Advertised Rate

From

5.99%

Fixed

Comparison Rate*

7.26%

Company
Latitude Financial Services
Monthly repayment

$580

Upfront Fee

$140

up to $250 . $140 for loans < $5000. $250 for loans > $5000

Loan amount

$3k to $70k

Total repayments
Go to site
Company
Latitude Financial Services
More details

Learn more about NOW Finance

What is dealer finance?

Dealer finance is a car loan organised through a car dealer – as opposed to car loans organised by a finance broker or directly by the lender.

Can I get a no credit check car loan?

You may be able to get a no credit check car loan in certain circumstances, although it’s important to weigh up your options before doing so.

Most lenders refuse to provide no credit check car loans, because they don’t want to give loans to borrowers without first confirming that they have a track record of repaying debts. So any lenders that do provide no credit check car loans would take measures to protect themselves against the risk of default.

That’s why no credit check car loans have higher interest rates than other car loans. Also, borrowers often have to provide security and put down a larger deposit.

Where can I find lenders who offer no credit check car loans?

You can find lenders who offer no credit check car loans through comparison sites like RateCity or by doing an online search.

One thing to bear in mind is that lenders who offer no credit check car loans are likely to charge higher interest rates and higher fees than on car loans that include a credit check. Also, lenders who no credit check car loans might expect you to pay a higher deposit. You might also be expected to provide security.

Lenders regard no credit check car loans as riskier than other car loans, which is why it’s a niche product that often features special conditions.

What is a finance lease?

A finance lease, also known as an asset lease or car lease, is an arrangement by which a finance company buys a car on your behalf. You get to borrow the car in return for making regular payments to the financier. At the end of the lease, you can either buy the car or hand it back. 

What is a car lease?

A car lease, also known as an asset lease or finance lease, is an arrangement by which a finance company buys a car on your behalf. You get to borrow the car in return for making regular payments to the financier. At the end of the lease, you can either buy the car or hand it back. 

What is CTP insurance?

CTP insurance, also known as compulsory third-party insurance or a green slip, is compulsory if you want to register a vehicle in Australia. If you’re responsible for a car accident, your CTP insurance will be used to pay any compensation due to anyone who might be injured or killed. However, CTP insurance doesn’t cover you for vehicle damage or theft.

What is a dealership?

A dealership is a car yard or a place where cars are sold.

How do you get a car loan?

There are four different ways you can get a car loan. You can go straight to a lender. You can get a finance broker to organise a car loan for you. You can get ‘dealer finance’ – which is when the car dealer organises a car loan for you. Or you can organise your own car loan through a comparison website, like RateCity.

Whichever method you choose, you will need to provide proof of identification, proof of income and proof of savings. So you may be asked for any combination of passport, driver’s licence, bank statements, payslips, tax returns and utility bills. You might also be asked to provide proof of insurance.

What is an asset lease?

An asset lease, also known as a finance lease or car lease, is an arrangement by which a finance company buys a car on your behalf. You get to borrow the car in return for making regular payments to the financier. At the end of the lease, you can either buy the car or hand it back.

Can I get car finance on a pension?

 

Yes, as long as you meet basic criteria set out by lenders you are eligible for car finance. Your interest rate will be determined based on your financial history which can be found in your credit report, your income and any property you may own.

Comparing car loans for pensioners before you settle on one is important though, if you want to secure the best possible loan for your circumstances.

Can I buy a car as a student?

Buying a car is a huge financial decision, and shy of marriage and purchasing a house (or perhaps around the world travels), it may be the biggest financial decision you make. But if you’re looking at your empty pockets, don’t despair! Your dream of owning your own car could become a reality, if you look for and compare the right car loans for your circumstances.

Where can I find lenders who offer no credit check car loans?

There are companies that claim to offer no credit check car loans. However, you may find that companies that offer no credit check car loans have high fees and high interest rates.

You might be better off finding a specialist lender who will look at your credit history and income, who will decide whether or not you are able to responsibility pay back the loan. Alternatively, you could contact a car finance broker.

Who provides bad credit car loans?

Lenders that provide bad credit car loans tend to be smaller challenger lenders rather than the bigger banks.

Bad credit car loans are a niche product. The bigger banks tend to focus on mainstream car loan finance for borrowers with better credit histories. That’s why smaller lenders tend to be the ones that provide bad credit car loans.

Bad credit car loans can have high interest rates and fees, so it’s important to compare options before submitting an application.

What is a car loan?

A car loan, also known as vehicle finance, is money that a consumer borrows with the express purpose of buying a vehicle, such as a car, motorbike, van, truck or campervan. Car loans can be used for both new and used vehicles.

What is an unsecured car loan?

An unsecured car loan is a loan that is not connected to a form of security, or collateral. Not all lenders provide unsecured car loans – and if they do, they generally charge higher interest rates for their unsecured car loans than their secured car loans.