NOW FinanceSecured Personal Loan
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.
Also sold at the same rates and fees as Pepper Money Personal Loans by NOW Finance.
At a glance
- Fixed
- 5.95%5.95% comparison
- Loan size
- $15,000 to $100,000
- Upfront fee
- $0
- Monthly fee
- $0
How it compares
This personal loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This personal loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Personal loanLowest advertised rate, fixed or variable, leaving out car loans | 5.95% | 5.80%Plenti Personal Loan | 7.96%of 68 institutions | 2nd lowest of 68 |
| Fixed personal loanRepayments stay the same for the term | 5.95% | 5.80%Plenti Personal Loan | 7.96%of 42 institutions | 2nd lowest of 42 |
Rates
Every rate NOW Finance publishes for this personal loan, 4 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedMinimum annual percentage rate for this product. Fixed rate for the term of the loan. Interest calculated daily and charged monthly in arrears. | P&I | 18 mo fixed | - | 5.95% | 5.95% | Excellent Credit |
| FixedMinimum annual percentage rate for this product. Fixed rate for the term of the loan. Interest calculated daily and charged monthly in arrears. | P&I | 18 mo fixed | - | 8.95% | 8.95% | Very Good Credit |
| FixedMinimum annual percentage rate for this product. Fixed rate for the term of the loan. Interest calculated daily and charged monthly in arrears. | P&I | 18 mo fixed | - | 13.45% | 13.45% | Good Credit |
| FixedMinimum annual percentage rate for this product. Fixed rate for the term of the loan. Interest calculated daily and charged monthly in arrears. | P&I | 18 mo fixed | - | 16.25% | 16.25% | Average Credit |
Fees
4 fees published, grouped by when they're charged.
- When you take it outVaries2 fees, each listed below
- While you hold itNo feeMonthly fee
- When you close it or pay it offNo feeEarly repayment fee
When you take it out2
- Establishment feeNo fee
- PPSR feeNo fee
While you hold it1
- Monthly feeNo fee
When you close it or pay it off1
- Early repayment feeNo fee
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
Eligibility and limits
- Minimum age 18
- Residency: Australian Resident
- Employment: Full-time, Part-time, Casual, Self-employed
- Available to individuals
- Amount $15,000 to $100,000
- Bank 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).
- Motor vehicle comprehensive cover and third party cover required for vehicle security
- Minimum loan term of 18 months
- Maximum loan term of 7 years
- Maximum age of vehicle allowed for security is 16 years
Compare it with others
Put this product through a calculator
Published by NOW Finance under the Consumer Data Right, last changed by them on 20 May 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.