A robust balance sheet supported by an institutional grade funding program means we’re here for the long haul.
A balance sheet lender since inception, NOW Finance has developed an institutional-grade funding platform with a diverse range of bank and institutional investors, as well as an established ABS programme.
Consumer unsecured lending: 30%
Consumer secured lending: 70%
NOW Finance uses a rigorous credit assessment and rate for risk framework, underpinned by a proprietary multifactor pricing and decision engine to underwrite new loans. This capability, combined with its servicing and collections expertise, enables NOW Finance to originate a high-quality portfolio and consistently deliver market-leading credit and margin performance.
NOW Finance’s strong risk management capability and strategy provide a reliable risk profile for investors and partners alike.
NOW Finance executed its inaugural NOW Trust 2019-1 ABS transaction in September 2019, with four follow-on transactions totalling A$2,550m. The success of the programme demonstrates the strong and growing appetite of institutions to invest in a strategically diversified loan portfolio, seasoned and originated within a proven risk management framework.
NOW Finance is a programmatic issuer of ABS transactions to a growing domestic and offshore investor base.
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