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$10,000
Maximum loan amount
Within 24 hours
Turnaround time
Up to 3 years
Term of loan
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Product Name | Fair Go Finance Personal Loan (Above 5K) |
---|---|
Minimum loan amount | $5,001 |
Maximum loan amount | $10,000 |
Arrears Fee | $35 |
Loan term | Up to 3 years |
Turnaround time | Within 24 hours |
Costs | from 17.90% p.a. + establishment fee of between $595 - $771 |
Requirements | 18 years old, a permanent Australian resident and in regular paid employment |
Available to Centrelink Borrowers? | No |
If you're struggling financially and would like to speak to someone for free financial advice, information and assistance you can call the Financial Counsellors hotline on 1800 007 007 (open from 9:30am to 4pm, Monday to Friday). If you are suffering financial problems related to the coronavirus pandemic you may be eligible for additional support. Find out more here: https://www.finder.com.au/coronavirus-financial-help
Do you really need a loan today?*
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.
Check your options before you borrow:
The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.
* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.
Prospective applicants can apply for between $5,001 and $10,000, depending on what they're looking to finance and what repayments they can afford. The application takes about five minutes to complete and successful applicants could receive their loan 24 hours after approval.
Fair Go Finance will direct debit repayments automatically from the loan borrower's nominated bank account on the agreed upon dates until the loan is repaid in full. However, customers can opt to repay their loan earlier without penalty. Subsequent loans applied for as a repeat borrower qualify for a quicker application process.Taking out a small personal loan (below $10,000) with Fair Go Finance gives customers access to the following features:
For loans of between $5,001 and $10,000, the following costs will apply:
Prospective applicants can click "Go to Site" to get the process started. The following eligibility criteria applies:
All applicants must meet this criteria in order to be eligible to apply. Prospective applicants need to submit their application online. To do so, they'll need the following details:
With Fair Go Finance customers can borrow up to $10,000 even if applicants have a bad credit history and have up to 3 years to repay it. While this is a competitive offer, it’s important to compare it with other personal loans prior to submitting an application.