Lender Review: Safe Financial
Product Highlights
- Loans from $500 to $250,000
- Over 13 to 50 weeks
Company Brief
Safe Financial offers loans from $500 up to $250,000. The company has been in the industry for more than 15 years and has headquarters in Queensland, Australia. The company’s office hours are from Monday to Thursday, 8 AM to 4:30 PM, and Friday, 8 AM to 4 PM AEST. The ACN of Safe Financial is 098751930, with a Credit Licence Number of 391958.
Small Personal Loans and Bad Credit Loans: $500 – $2,000
| Type of Loan | Interest Rate | Interest Type | Min Loan Amount | Max Loan Amount | Turnaround time | Min Loan Term | Max Loan Term |
| Small Personal Loans or Bad Credit Loans | $20-$80 monthly fee | Fixed monthly fee | $500 | $2,000 | 24 hours | 13 weeks |
50 weeks |
Medium Personal Loans: $2,001 – $5,000
| Type of Loan | Interest Rate | Interest Type | Min Loan Amount | Max Loan Amount | Turnaround time | Minimum Loan Term | Maximum Loan Term |
| Medium Personal Loan | 8.7%-48% fixed interest rate per annum | Fixed interest rate + fixed establishment fee of $400 and management fee of up to $399 (for loans greater than $2,000 up to $5,000) | $2,001 | $5,000 | 24 hours | 13 weeks |
40 weeks |
Safe Financial also offers big personal loans and business loans. See details below:
Big Personal Loans
- From $5,000 to $100,000
- Maximum loan term repayment period: 40 weeks
- APR: 8.7% to 48% (depending on the loan amount)
Business Loans
- From $1,000 to $10,000
- 13 weeks (for loans up to $2,000) to 40 weeks (loans greater than $2,000)
- APR: 8.7% to 48% (depending on the loan amount)
- an establishment fee of $400 and a loan management fee of up to $399 (for loans greater than $2,000 up to $5,000)
Borrowers will need to enquire about default fees, early repayment fees, specific monthly fees, and any other associated loan fees to Safe Financial customer hotline directly.
Note: All information included here on Friendly Finance is accurate and in line with the data provided on Safe Financial’s website as of November 2023.
Secured Car Loan: $3,000 – $250,000
| Type of Loan | Interest Rate | Interest Type | Min Loan Amount | Max Loan Amount | Turnaround time | Minimum Loan Term | Maximum Loan Term |
| Secured Car Loans | 8.7%-48% fixed interest rate per annum | Fixed interest rate + fixed establishment fee of $400 and loan management fee of up to $399 | $3,000 | $250,000 | 24 hours | no minimum loan term mentioned; enquire directly with Safe Financial to know more |
40 weeks |
Safe Financial’s simple loan calculator gives you a choice of terms for repayments including all fees, charges, and interest.
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Apply NowApplication Process
The loan application for Safe Financial is made online by completing an online application form. To be eligible to borrow money, you need to meet the following eligibility criteria:
- Must be an Australian resident on a permanent basis.
- 18 years of age or older
- Have a bank account and phone number
- Provide a Driver’s licence or 100 points of ID
- New clients have to be employed
- If receiving Centrelink benefits, the borrower’s salary should be at least $500 per week.
After completing the application form online, an agent from the company will contact you to confirm the details you provided in the online form. Applications finished during business hours will receive conditional approval within hours.
As part of the responsible lending regulations, lenders will have to check your source of income as part of the borrowing process. Once the application is approved, you will receive the funds of the loan within the same day, depending on how quickly you revert the signed documents to the lender.
Notable Loan Product Features
One of the notable loan product features of Safe Financial is that the application is done online with conditional approval sent within hours of the application. There are also no penalties imposed for late payments or dishonoured payments. This is helpful in the case of an unfortunate event or financial emergency.
Borrowers with a bad credit history are also welcome to apply for a loan subject to the approval of the lender. This may help people get access to the finances they need, and the company’s office hours make it easy to apply and answer customer queries.
The Company: Safe Financial
Positives
- Quick-release of conditional approval
- Zero fees on late payments
- Borrowers with poor credit scores can apply for loans with the lender
Negatives
- High administration fees for loans above $2,001.
- Loans getting declined after minor discrepancies in the application details
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