This article outlines how to get your client's rate estimate for a NOW Auto Loan
Rate Estimate Eligibility Considerations
Your client may not qualify for a rate estimate due to some of these factors:
- If your client's comprehensive credit score is below 500
- If your client's Equifax One score is below 400
- If your client has a default, judgement, or bankruptcy
- If the RHI data has a 6 or X or recent missed payments
- If your client lives in a very remote postcode
How to get a rate quote
- In the Application Portal home screen, click New Quote/Application.
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Under the Asset Loans heading, select a single or joint application. Click Create.
- On the quote submission screen, enter the applicant(s) details. This will include their contact information, residential and employment status, loan purpose, customer identity documents and any related assets (for secured loans).
🗣️ Ensure the disclaimer is read out to your client before obtaining a quote.
Click Get Your Customer's Rate.
4. The NOW Auto Loan quote will be displayed.
If required, discount the interest rate and then click Calculate to check the impact to your client's repayments and your commission (excluding GST).
Click Continue with Application to proceed to the next step.
| ➡️ Next Step: Submitting a loan application |