--- title: "Auto Loan — NOW Finance" description: "Personal Loans from NOW Finance. Rates, fees, features and eligibility as published under Australia's Consumer Data Right." canonical: https://www.cdrcompare.au/brands/now-finance/products/3fa78259-eff4-4880-a326-b5cdd0d461e9 source: "CDR Compare" language: en-AU last_updated: 2026-05-20T06:03:37.795Z --- # Auto Loan — NOW Finance > Personal Loans from NOW Finance. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare. **Personal Loans** A secured auto loan offering the most competitive rates with loan amounts from $3,000 to $150,000 over terms of 18 months to 7 years. Secured by bill of sale on eligible assets including vehicles, motorcycles, caravans, and other approved security. ## At a glance - **From:** 8.89% (9.6% comparison) ## Apply Applications are handled by the provider: [Apply at NOW Finance](https://nowfinance.com.au) ## Interest rates | Type | Rate | Comparison | Applies to | | --- | --- | --- | --- | | Fixed · 18 months (Minimum annual percentage rate for this product. Fixed rate for the term of the loan. Interest calculated daily and charged monthly in arrears. · Premium tier. Credit score 1080+. New and demo assets only) | 8.89% | 9.6% | — | | Fixed · 1 year 6 months (Minimum annual percentage rate for this product. Fixed rate for the term of the loan. Interest calculated daily and charged monthly in arrears. · Tier 1. Credit score 800+. New and used assets. Residential status dependent.) | 8.99% | 9.7% | — | | Fixed · 1 year 6 months (Minimum annual percentage rate for this product. Fixed rate for the term of the loan. Interest calculated daily and charged monthly in arrears. · Tier 2. Credit score 660-799. New and used assets. Residential status dependent.) | 9.89% | 10.6% | — | | Fixed · 1 year 6 months (Minimum annual percentage rate for this product. Fixed rate for the term of the loan. Interest calculated daily and charged monthly in arrears. · Tier 3. Credit score 500-659. New and used assets.) | 12.39% | 13.12% | — | | Fixed · 1 year 6 months (Minimum annual percentage rate for this product. Fixed rate for the term of the loan. Interest calculated daily and charged monthly in arrears. · Tier 4. No credit file. New and used assets.) | 14.75% | 15.5% | — | ## Fees | Fee | Type | Amount | | --- | --- | --- | | Establishment fee | Upfront | $495.00 | | Monthly fee — Charged monthly | Ongoing | $0.00 | | Early repayment fee | Exit | $0.00 | | PPSR fee | Upfront | $0.00 | ## Features - **Pre-approval available** — Pre-approval - **Extra repayments** (Extra repayments and lump sum repayments allowed without penalty) - **Digital banking** (Full online application with electronic ID verification and digital contract acceptance) - **Notifications** — Online application progress notifications and status tracking available - **Fraud protection** (Comprehensive fraud protection measures in place) - **Available for cars, motorcycles, motor homes, and reduced emissions vehicles** — Motor Vehicles - **Available for both new and used car purchases** — Vehicle Purchase - **Loan is secured by an eligible asset. Maximum vehicle age of 21 years applies.** — Secured by Bill of Sale - **Repayments can be made weekly or fortnightly as preferred** — Flexible Repayment Frequency - **Security swap allowed with no fee** — Security Swap - **Available for both new and used recreational vehicles such as caravans and campervans** — Recreational Vehicle purchase - **Available for both new and used boat purchases** — Boat purchase ## Eligibility - **Minimum age** — 18 years (Applicant must be at least 18 years old) - **Individuals only** (Available to individual persons only) - **Residency status** — Australian Resident (Applicant must be an Australian resident with proof of residency) - **Employment status** — Full-time, Part-time, Casual, Self-employed (Available to full-time, part-time, casual, and self-employed applicants. Self-employed applicants must have minimum 2 years of self-employment.) - **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).** — Documentation - **Motor vehicle comprehensive cover and third party cover required for vehicle security** — Insurance ## Constraints - **Minimum limit** — $15,000.00 (Minimum loan amount of $15,000) - **Maximum limit** — $100,000.00 (Maximum loan amount of $100,000) - **Minimum loan term of 18 months** — P18M - **Maximum loan term of 7 years** — P7Y - **Maximum age of vehicle allowed for security is 21 years** — 21 years - **This product is only available via accredited Brokers** — Brokers only ## More information from NOW Finance - [Overview](https://nowfinancebrokers.com.au/) - [Terms & conditions](https://nowfinance.com.au/legal-and-policies/) - [Eligibility](https://nowfinance.com.au/legal-and-policies/target-market-determination-now-finance-secured-personal-loan/) - [Fees & pricing](https://nowfinancebrokers.com.au/) ## Data provenance - Published by NOW Finance under the Consumer Data Right - Product ID: `3fa78259-eff4-4880-a326-b5cdd0d461e9` - Last updated by the provider: 20 May 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/now-finance/3fa78259-eff4-4880-a326-b5cdd0d461e9 - Provider page: https://www.cdrcompare.au/brands/now-finance --- Source: [CDR Compare](https://www.cdrcompare.au/brands/now-finance/products/3fa78259-eff4-4880-a326-b5cdd0d461e9) — product data published by Australian data holders under the Consumer Data Right. 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