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Can you get a loan on workers compensation?

 

Are you currently on workers compensation? If you are, did you know you may still be eligible for a personal loan with Fair Go Finance?

We understand that being on workers compensation was never planned by you, and it can be a really difficult time. Your life can feel as though everything has been turned upside down, yet the bills and personal expenses keep coming. At Fair Go Finance we can help if you are in need of a personal loan. To be eligible, you’ll just need to provide the following supporting documents:

  • Proof that your payments from your employer will last the term of your requested loan
  • Drivers Licence or Australian Passport, Medicare card, and a key card from a bank or credit union
  • Bank statements showing your name and address as the account holder from the past two months
  • A utility bill, (gas, electricity, telephone) or rent receipt confirming your address

In Australia, each state and territory has its own legislation and body that governs workers compensation. They are:

If you have any questions or concerns about your workers compensation or feel that you may be eligible for workers compensation then you should contact the office in your specific state.

5 Important Things You Should Know About Workers Compensation

  1. Always report every injury or illness to Human Resources or your Supervisor
  2. Tell your Doctor or Hospital it happened at work
  3. Have the Worker Compensation Coverage explained by your employer
  4. Stay sober and drug free at work – otherwise your claim can be denied
  5. Cheaters get caught so don’t try

So if you’re in need of a personal loan and are currently on, or are due to receive, workers compensation, apply today or contact us if you have any questions!

Need up to $10,000?

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Are you eligible to apply?

  • I’m 18 years or older
  • I’m employed (not self-employed)
  • I’m paid $500 or more a week into my bank account
  • My income is not solely from Centrelink
  • I’ve not entered into bankruptcy or part 9 agreement within the last 12 months

WARNING - 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 more 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.
https://www.humanservices.gov.au/individuals/online-help/centrelink/apply-advance-payment-your-centrelink-online-account

The Australian 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.