Fair Go Finance Small Loan

An unsecured small loan from $500 to $2,000 to help you overcome the unexpected.

If you’re looking for funds to buy an essential item or pay an emergency bill, the small loan from Fair Go Finance is worth considering. You can apply for amounts ranging from $500 up to $2,000 and pay off the loan early without penalty. Find out if this loan is right for you by reading the review below.

Product NameFair Go Finance Small Loan
Minimum Loan Amount$500
Maximum Loan Amount$2,000
Loan Term3-12 months
Cash Deposited In1 business day
CostsEstablishment fee from 10% of loan amount + monthly fee from 2%
Available to Centrelink Borrowers?No


  • Generous loan terms
  • No security required
  • Early repayments allowed


  • High loan costs
  • 18 years +
  • Permanent Australian resident
  • In regular paid employment

Main points to consider about the Fair Go Finance Small Loan

The Fair Go Finance Small Loan allows you to borrow amounts up to $2,000 for any purpose, such as:

  • Buying white goods or furniture
  • Paying for an unexpected expense
  • Paying medical or dental expenses

No assets are required as security for the loan, and no interest is charged on the amount you borrow. However, you’ll need to budget for an establishment fee and the ongoing cost of a monthly fee for the life of the loan.

The Fair Go Finance Small Loan offers fixed repayments, allowing you to plan your budget so that you never miss a repayment.

Features of the Fair Go Finance Small Loan

If you take out a small personal loan from Fair Go Finance, you can take advantage of the following features:

  • Loans from $500 to $2,000. The small loan allows you to borrow up to $2,000 to fund essential purchases or pay urgent bills.
  • No security required. This is an unsecured loan, which means you are not required to offer any assets as collateral for the loan.
  • Terms from 3 months to 12 months. The Fair Go Finance Small Loan is available with repayment terms ranging from 3-12 months.
  • Fees apply. You’ll need to pay an establishment fee when you apply for a Fair Go Finance Small Loan, plus you will also need to pay an ongoing monthly fee for the life of the loan. The fees and charges that apply to this loan are explained in more detail further down the page.
  • Fixed repayments. The Fair Go Finance Small Loan offers a fixed repayment schedule, allowing you to budget ahead for future repayments.
  • Early repayment allowed. There are no fees for early repayment, so you’re free to pay your debt off early if you come into some extra cash.
  • Easy online application. It’s quick and easy to apply for this loan online by providing a few personal and financial details.
  • Bad-credit borrowers accepted. Even if your credit history is less than perfect, it’s still possible to get approved for this loan.

Fees and charges

There are two fees you need to be wary of:

  • The establishment fee
  • An ongoing monthly fee

The amount you will be charged for these fees varies depending on the amount you borrow. For example, borrowing $2,000 for a 6-month term means you will have an establishment fee of $400 and a monthly fee of $80. Meanwhile, borrowing $500 for the same period results in a $100 establishment fee and a monthly fee of $20.

The cost of your loan will be outlined in your loan contract when you apply, so read this closely to determine whether this loan is affordable for you.

How to apply for a Fair Go Finance Small Loan

If you’ve compared your finance options and decided that the Fair Go Finance Small Loan sounds like a good fit for you, click on one of the “Go to site” links on this page. You’ll be taken to the Fair Go Finance website to begin the application process.

You’ll need to satisfy a few eligibility criteria to be approved for this loan. You must be:

  • 18 years of age or older
  • A permanent Australian resident
  • In regular paid employment

If you satisfy these criteria you can apply online for a loan in the space of a few minutes. You’ll need to provide the following details:

  • Proof of ID, for example, your driver’s licence
  • Three months’ worth of bank statements
  • A recent payslip

There’s an online customer portal where you can track your application. If your application is approved, the funds can be transferred to you within 30 minutes.

A Fair Go Finance Small Loan is well worth a look if you need funds to overcome a short-term financial problem. However, make sure you carefully consider your borrowing needs and compare a range of loan options before deciding whether it’s right for you.

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8 Responses

  1. Default Gravatar
    DanielOctober 4, 2018

    If I if I was to borrow $700 and could
    Pay it back within a week will there be any additional fees other than the establishment fee?

    • finder Customer Care
      CharisseOctober 5, 2018Staff

      Hi Daniel,

      Thanks for reaching out to finder.

      There is no specific information about the fees a borrower will have to pay if he is able to repay the loan amount in 1 week; whether or not he still needs to pay the monthly fee on top of the admin fee. It’s mentioned on their website though, that Go Finance small loan has a minimum payment term of 3 months and they don’t charge early repayment fee.

      You need to contact Fair Go Finance directly to get full information on their loan terms and conditions.

      I hope this helps.


  2. Default Gravatar
    RachaelAugust 16, 2018

    I have terrible credit history and am only on centerlink eoll anyone lend to me

    • finder Customer Care
      JoelAugust 16, 2018Staff

      Hi Rachael,

      Thanks for leaving a question on finder.

      You need to be in regular paid employment to be eligible for Fair Go Finance. You still may be eligible for a loan if you receive Centrelink payments as part or even all of your income. These include loans from short-term lenders, banks and credit unions. Government and community financial assistance schemes are also available. To compare, please click HERE.

      If you’re experiencing financial hardship and would like to speak to someone for free financial counselling, you can call the Financial Counsellors hotline on 1800 007 007. It is open from 9:30am to 4pm, Monday to Friday. When comparing short term loans, ensure you take into consideration any fees, charges and rates you may be charged. It’s important to weigh up all your options before applying for any form of credit.


  3. Default Gravatar
    JayMarch 28, 2018

    Is a credit check preformed ?

    • finder Customer Care
      MayMarch 28, 2018Staff

      Hi Jay,

      Thanks for your inquiry.

      With Fair Go Finance, yes, a credit check will be performed when you apply. They also do not accept applicants who have entered into bankruptcy (including Part IX) within the last 12 months. The brands with no credit check outlined on this guide.


  4. Default Gravatar
    HelenFebruary 16, 2018

    Good day, I am inquiring as to whether your company does small personal loans for people on Newstart as I am finding that pretty much no one will given the income is considered short term. If a person gets a job and is no longer on Newstart I don’t see the problem but that is my question.

    • finder Customer Care
      JoelMarch 1, 2018Staff

      Hi Helen,

      Thanks for leaving a question on finder.

      With Fair Go Finance, you can get approved for a personal loan as long as your income does not come solely from Centrelink and you are currently employed (not self employed). Please also note that Fair Go Finance can not approve you if you entered into bankruptcy in the last 12 months.

      If you are looking to compare loans for people on Newstart and Centrelink, you can check this out so you can weigh your options. If you need anything else, please send us a message anytime.


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