Calculate your EV Loan with Now Finance

Loan amount
Loan term
6.75%
Per month
Pros
  • Flexible repayment options
  • No Ongoing Fees
  • Secured and Unsecured Options
Cons
  • No Local Branches
  • Slightly Higher Rates

What I love about Now Finance

Now Finance’s Electric Vehicle (EV) finance program has unique features that make it a standout choice for those interested in electric vehicle financing. Here’s what we appreciate about Now Finance:

  1. Tailored Solutions: Now Finance provides personalized loan options to meet the specific needs of customers, ensuring flexibility and affordability in EV financing.
  2. Accessibility: They have a user-friendly online application process, making it easy to apply for EV financing from the comfort of your own home.
  3. Low Minimum Loan Amounts: Now Finance offers the flexibility of lower minimum loan amounts, making it accessible for a wide range of customers, including those seeking financing for less expensive EV models.
  4. Fast Approval: The bank is known for its swift loan approval process, ensuring that customers can acquire their electric vehicles without unnecessary delays.

Other deal-sweeteners and perks

In addition to its core features, Now Finance’s EV finance program offers several deal sweeteners and perks:

  1. Credit Score Flexibility: Now Finance may be more lenient in terms of credit score requirements, making it a more inclusive option for a broader range of customers.
  2. Personal Loan Expertise: As a personal loan specialist, Now Finance brings expertise in tailoring loan solutions to individual circumstances, ensuring a personalized experience.
  3. Optional Insurance: They may offer optional insurance or protection plans to enhance the security of your EV investment.

What’s not so great

While Now Finance’s EV finance program has many merits, there are some considerations to keep in mind:

  1. Interest Rates: Interest rates may be higher compared to traditional bank loans, potentially resulting in increased overall costs for the loan.
  2. Limited Branch Network: Now Finance may have a limited physical branch network, which can affect in-person customer service and accessibility.

Overall Rating

Now Finance’s Electric Vehicle finance program is a flexible and accessible option for individuals looking to finance their electric vehicles. Personalized solutions and fast approval processes make it a compelling choice. While interest rates and the limited branch network may be drawbacks, the flexibility in credit score requirements and the focus on personal loan expertise can offset these concerns.