Fair Go offers both small loans up to $2,000 and personal loans between $5,000 and $10,000. Loans are offered to both good and bad credit applicants. If you have a negative credit listing, you can apply as long as you haven't declared bankruptcy in the last 12 months. Loan terms for small loans range from 3 to 12 months, while for personal loans it can be up to 3 years. These loans are expensive. For small loans, there is a 0% establishment fee and a 4% monthly fee. For personal loans, the interest rate ranges between 17.9% p.a. and 29.9% p.a.
Are you struggling financially?
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
⚠️ Warning about Borrowing
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:
- For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor
- Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
- If you are on government benefits, ask if you can receive an advance from Centrelink: Phone: 13 17 94
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.
Types of personal loans available through Fair Go Finance
- Small Loan. This is a small, short-term loan that offers between $500 and $2,000. The loan terms are for between 3 to 12 months.
- Personal Loan. Fair Go Finance also offers larger personal loans of up to $10,000. Loans under $5,000 have a maximum term of 18 months and loans between $5,001 and $10,000 have a maximum term of 3 years.
Features of loans from Fair Go Finance
- Bad credit applicants considered. People with negative credit listings can apply, as long as they have not declared bankruptcy in the last 12 months.
- Various loan amounts available. Borrow between $500 and $10,000.
- Variety of loan terms. Fair Go Finance offers Small Loan terms between 3 to 12 months and Personal Loan terms of up to 3 years.
- No fees for early repayment. Repay your loan early without being charged a penalty.
The loan costs you should consider
Loan costs differ depending on the loan you apply for:
- Small loan. When you apply for a loan between $500 and $2,000, an establishment fee of 0% applies as well as a monthly fee of 4% will apply.
- Personal Loan. Loans between $5,000 and $10,000 come with an interest rate of 17.9% p.a. and 29.9% p.a.
How to apply for a Fair Go Finance loan
Fair Go Finance loans can be applied for online. Before applying, make sure you meet the following eligibility requirements:
- You are over 18
- You reside in Australia as a citizen, permanent resident, on a working visa or on a sponsorship visa
- Your weekly income is more than $500
- You are employed on a casual, part-time or full-time basis and are not on probation
You’ll need the following information on hand to complete the application:
- Identification documents. Details of your Medicare card or your driver's licence.
- Document with your address. A utility bill or rent receipt confirming your address.
- Internet banking details. This will give Fair Go Finance read-only access to the last three months of your banking history.
- Financial and employment details. Information regarding your income, assets, debts and your employment situation, including your payslips.
I have filled out my application and it was checking credit report but lost page don’t know if it was finished
Hi Scott,
Thanks for your inquiry.
Sorry to hear you lost the page for your Fair Go Finance application. You can try to check the history tab on your browser or you can log back into your account to see what else needs to be completed.
Hope this helps!
Best,
Nikki
Hello,
I am currently in a Part IX agreement and have been for 1 year. I want to borrow to buy a Toyota coaster bus to live in. Would you be able to help? I am employed casual, working 38.5 hrs a week and have been in the job for 5 years.
Hi Kurt,
Thank you for getting in touch with Finder.
On this page, there are questions asked that would let you know if Fair Go Finance is able to service your loan or not.
You may use our comparison table on getting a car loan with bad credit. Once you have chosen a particular lender, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with your loan application or get in touch with their representatives for further assistance. Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision and consider whether the product is right for you.
I hope this helps.
Thank you and have a wonderful day!
Cheers,
Jeni
Hello my name is Paul Cox a have stayed in Australia 2 months been working 3 weeks just started a full time job last week were a will be earning over 1500 a week but my rent is due this Monday an don’t get paid to Thursday is there any company who would offer a short term loan am on the working holiday visa
Hi Paul,
Thanks for getting in touch with Finder.
I understand that you are looking for a short-term loan. Unfortunately, the options for you can be very limited since you are on a working holiday visa.
However, you might still want to check our page on personal loans for temporary residents. Please use our comparison table to help you find a lender that suits you. Once you have chosen a particular lender, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with your loan application or get in touch with their representatives for further assistance. Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.
Alternatively, you might want to negotiate with your landlord to give you some leeway since your payment will only be delayed for three days.
I hope this helps. Should you have further questions, please don’t hesitate to reach out again.
Have a wonderful day!
Cheers,
Joshua
I require a personal loan of $6000, however, my last credit applications were rejected due to a bad credit check that was applied by Dunn & Bradstreet for, apparently, a unpaid power company bill.
I am an aged pensioner but still working .
Hi Obelix,
Thanks for reaching out to us.
You may check our list of pensioner loans to explore lenders who may be able to help you.
Please read more about how to improve your credit score as well to increase your chance of getting approved for future credit applications.
Please click the name of your preferred lender to find out the details and the minimum eligibility. You may then click the green “Go to Site” button to submit your loan application online.
Cheers,
Rench
I have two actually. We need a loan of 5000. How soon will I get it and how much are our payments of a loan that size?
Hi Stacey,
Thanks for reaching out. I believe you’re referring to Fair Go Finance Personal Loan. If this is the case, let me go ahead and answer your question.
One of the features from Fair Go Finance, when you apply for a second loan you receive an “Express Service” application, and any loan application beyond that gives you a reduced application fee and interest rate for your loan. You’re also able to apply for larger loans.
You can make use of the personal loan calculator to know how much the repayments will be.
Please contact Fair Go Finance directly to inquire about their loans.
Hope this information helped.
Cheers,
Rench