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Apply now and have an approval decision within minutes
Associated fees:
20% establishment fee
4% monthly fee
Example Loan Cost:
Borrow $1,000 → Repay $1,560 over 6 months
Borrow $2,000 → Repay $3,120 over 12 months
Best For:
✔ Unexpected expenses (medical bills, urgent repairs, utility bills)
✔ Borrowers needing quick access to small loans
Associated fees:
Establishment fee varies
Interest rates range from 17.5% – 48% p.a.
Example Loan Cost:
Borrow $3,000 → Repay ~$5,200 over 18 months
Borrow $5,000 → Repay ~$7,900 over 24 months
Best For:
✔ Debt consolidation, home renovations, car repairs
Associated fees:
Interest Rate: Varies based on credit score
Best For:
✔ Borrowers looking to combine multiple debts into one repayment
Keypoints:
Can help reduce interest rates and fees across multiple debts
Fixed repayments make budgeting easier
Not available for borrowers with recent defaults or bankruptcy
✔ Most applications are approved within hours.
✔ Funds are transferred same day for approved applicants before 3 PM AEST.
✔ Flexible repayment schedules (weekly, fortnightly, or monthly).
The information found here on Friendly Finance is accurate and in line with the data on Fair Go Finance website as of February 2025.
About Fair Go Finance
📌 Founded: 2008
📌 Headquarters: Perth, Western Australia, Australia
📌 Credit Licence: Australian Credit Licence (ACL) 387993
📌 Regulated by: Australian Securities and Investments Commission (ASIC)
📌 Main Services:
✔ Small & Medium Personal Loans
✔ Bad Credit Loans
✔ Secured & Unsecured Loans
✔ Debt Consolidation Loans
Fair Go Finance is an Australian personal loan provider that specialises in small and medium personal loans, catering to borrowers who may have less-than-perfect credit or limited borrowing options. The company provides fast approvals, flexible repayment terms, and a strong focus on responsible lending.
Unlike many payday lenders, Fair Go Finance offers structured repayment options and rewards customers with lower interest rates over time for good repayment behavior.
Fair Go Finance: Eligibility Requirements
The application process for Fair Go Finance is done through the company’s website or you can also easily apply for a loan using this form. To process your loan application, you need to pass Fair Go Finance's eligibility requirements:
- At least 18 years old
- Australian citizen or permanent resident
- Must have a stable income source (wages, salary, or Centrelink)
- Must have an Australian bank account
- Bad credit borrowers may still qualify
- Higher loan amounts require a credit check
Because the loan application procedure is entirely online, you do not need to produce any paper copies of your documents. For example, the lender provides an online bank statement service called bankstatements.com.au to assist you in submitting your bank statements quickly and conveniently throughout the application process. This allows the company to safely view 90 days of your bank statements in a read-only format, ensuring that your money is protected. Because of its 256-bit data encryption, this service is quick and safe. If your loan is conditionally accepted, Fair Go will send you an SMS message with a unique code that you can input directly into the page to accept the offer.
It usually takes 24-48 business hours for the loan to be finalised and funds released. Fair Go Finance uses Real-Time Funding to have cash sent to your bank account in less than a minute. If your bank participates in the Split Payments technology, you may expect to receive your loan money within the day.
Quick application process and quick turnaround time for preliminary assessments: To manage your expectations, the company provides a 5-6 minute initial assessment based on the information you provided through the website. Final results of the loan are also released within 1-2 business days, with the loan proceeds credited real-time (if the borrower’s nominated bank supports Split Payments technology).
Repayments are made through a direct debit arrangement with your bank: The entire application process is 100% online, with document signing made using unique SMS codes. As part of this direct debit process, you may need to supply Fair Go Finance with your internet banking details.
Flexible repayment options: The company provides alternative repayment options for individuals experiencing difficulties paying off loans.
Borrowers with less-than-ideal credit scores are still considered: Funds are provided to borrowers with both good and bad credit. You may apply if you have a bad credit history as long as you’ve not filed bankruptcy in the recent 12 months.
Perks for returning customers: Fair Go operates a ‘Mates Rates’ program where returning customers get up to $453 additional loanable amount on their second loan.
The Company: Fair Go Finance
There are some positives and negatives for prospective borrowers to consider before using Fair Go Finance as an online lender. As part of the reviewing process for this page, customer feedback and common questions answered on the company website were considered for the overall assessment.
Positives
- Speedy loan application process and loan approval resulting in good customer experience.
- 100% online and paperless application with SMS Code signatures
- The additional loanable amount for second-time borrowers
- Auto-debit arrangement for scheduled payments
Negatives
- Errors with the company website can be addressed by calling the customer service hotline directly.
