Financier Personal Loan

Information verified correct on December 4th, 2016

Need a loan with a bit a convenience?

Financier provides quick, unsecured personal loans of between $150 and $3,000. The loans are structured around a step-up system, which means you won't be able to borrow the full $3,000 the first time around. You can pay your Financier loan on your next payday, and loan terms can extend up to 6 months.

Applying for this loan requires that you follow a simple online process and pre-approval is instant. Upon the loan’s approval, you can expect access to your money in around an hour.

Once you pay your first Financier loan completely, you can get a Financier debit card, which, amongst other things, gives you quicker access to subsequently approved loans.

How does a loan from Financier work?

You start by submitting an online application, and you find out if your application is pending approval or declined immediately. Financier relies on the latest in technology to confirm your identification and your ability to repay, and it also does a reference check to verify your employment details.

After verification, Financier provides you with a loan contract which you have to review and accept in order to move forward. Once you do, they transfer the money into your bank account. At this point they also schedule direct debits from that same bank account so you don’t have to remember making repayments each time they’re due.

After you pay your first Financier loan in full you qualify for a Financier debit card. With this card, the next time you need a Financier loan you can expect much quicker access to approved funds.

Compare other payday loans

While we don't compare Financier Personal Loans directly, you can compare your other options using the table below:

Rates last updated December 4th, 2016
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The features on offer from Financier

Knowing of the features this lender offers before applying is a good idea, so here’s what you need to know.

  • Various loan amounts available. The minimum you can borrow through a Financier loan is $150 and you can borrow as much as $3,000. The first time around you cannot borrow more than $450, but once you repay the first loan you qualify for more on a step-up basis. Financier offers a tiered system for their maximum approval limits where you're able to move from one level to the next.
  • Variable loan term. Financier gives you the ability to repay your loan on your next payday and you can also opt for loan terms extending up to six months.
  • Personal loan manager. Right from the moment you apply for a Financier loan you get to work with a personal loan manager, and this person continues to remain your single point of contact from start to finish.
  • Easy repeat borrowing. Once you repay your first Financier loan, applying for and getting another Financier loan is simpler and quicker. As a repeat customer the application process is much faster, as is the approval. You can even get quicker access to the money using your Financier debit card.

What does a Financier personal loan cost?

Financier gives you a clear indication of what you might end up paying in terms of fees and charges as the loan progresses through the loan’s contract, which you receive upon your application’s approval. Going through these ahead of time is important, because you then know just what to expect. The following should give you an indication of the costs associated with a Financier loan.

  • Administration fee for direct debits: $1.10 (one-time direct debit set up fee)
  • Transaction fee for direct debits: $0.88 (charged each time)
  • Credit card fee: Different for Visa/MasterCard and AMEX/Diners (applicable for payments that come from credit card accounts)
  • SMS payment reminder: $0.28 (optional service, charged for each text sent to your phone 24 hours before the scheduled debit)
  • Direct debit dishonour fee: $9.90 (charged by third party, not by Financier)

Discover the benefits of a Financier Card

When you successfully repay your first Financier loan, Financier issues you a Visa debit card that gives you instant access to money when you need it next. You can use this card at any ATM or EFTPOS terminal across Australia, just like you’d use any other debit card.

This card comes linked to a personalised account using which you can check your account balance, go through transaction history, make changes to your personal details, transfer funds to your Financier card, and access BPAY.

How to apply for a loan from Financier

To apply for a Financier loan you have to visit the Financier website, but make sure you meet the eligibility criteria (listed below) before you apply:

  • You are a permanent resident of Australia
  • You have steady employment and earn at least $500 each week
  • Your wage goes into your bank account directly
  • Your bank account is at least four months old
  • You don’t have bankruptcy, judgements, or defaults on your credit file
  • Your bank statements for the last two months don’t show more than two dishonoured or reversed payments

Completing the application requires that you part with different kinds of information, which includes the following:

  • Personal details like your name and driver's licence number
  • Contact detail like your residential address, email address, and phone number
  • Your employment status and your employer’s contact details
  • Details surrounding your income and expenditure

Financier’s step-up loan system along with its debit card can work well in your favour, but since you can find such features in other loans and lines of credit, compare a few before applying.

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