Loan Rates

If you’re looking for a personal loan, we understand you’d like to know what the expected costs are, before you go forward!

We have one of the best ranges of personal loans from $500 up to $50,000. We've tried to keep it as clear as possible for you, so here are the basics to get started!

     Our personal loan range

  • Minimumm loan $500
  • Maximum loan $50,000
  • Minimum loan term 3 months
  • Maximum loan term 7 years
  • Minimum interest rate 4.39% p.a. (*Comparison rate 11.84% p.a.)
  • Maximum interest rate 29.99% p.a. (**Comparison rate 38.32% p.a.)

Your credit rating and affordability will help determine your eligibility

*This comparison rate is based on a $2,500 loan over 2 years.WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

**This comparison rate is based on a $2,500 loan over 1 year. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

How important is your credit rating? 

Your credit rating (or score) influences the likelihood of you obtaining a personal loan. It also impacts the loan amount and interest rate you could be offered.

Think of it like this. The lower a person’s credit rating (or score) is, generally means that person is considered more of a risk to lend to, so they could be knocked back, or offered a smaller amount and/or a higher interest rate.

Below is a simple guide that looks at credit ratings. It shows what you could expect in terms of interest rate and loan amount. (It is only a guide because it does not look at your affordability). 

Credit Rating Veda Score Interest Rate from Comparison Rate Typical personal loan amount
(security may be required for this loan size)
         
Good Credit 700 and above 4.39% 11.84%^ Up to $50,000
OK Credit 500 - 699 16.95% 20.92%^^ Up to $15,000
Not great/Poor/Bad Credit Below 500 29.9% 38.32%^^^ Up to $5,000

^ This comparison rate is based on a $2,500 loan over 2 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. 

^^ This comparison rate is based on a $15,000 loan over 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. 

^^^ This comparison rate is based on a $2,500 loan over 1 year. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. 

Now that you know how your credit rating may influence the loan amount and interest rate, let’s look at the different loan sizes we have to help you move forward!

We've broken them up into three groups, which are:

Small loans ($500 - $2000)                 Medium loans ($2001 - $5000)             Large loans ($5001 - 50,000)

Let's see what the expected costs will be for each, after all, that's why you're here!

Small Loans $500 - $2000

Arranged by Fair Go Finance 

Funded by Fair Go Finance 

 Lender Min Loan Max Loan Average Term Typical Establishment Fee Monthly Fee Interest Rate per Annum Comparison Rate
               
Fair Go Finance $500 $2,000 5 months 20% 4% of principal 0% N / A

Medium Loans $2001-$5000 

Arranged by Fair Go Finance

Funded by Fair Go Finance or a Lender Partner

 Lender Min Loan Max Loan Average Term Typical Establishment Fee Monthly Fee Interest Rate per Annum Comparison Rate
               
Fair Go Finance $2,250 $5,000 8 months $460 - $695 $5 29.9% 38.32%
Lender Partners $2,000 $5,000 6 months - 5 years $100 - $895 Up to $13.00 4.39% - 16.95% 11.84% - 34.16%

^ The 38.32% comparison rate is based on a $2500 loan over 1 year. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. 

^^ The 11.84% comparison rate is based on a $2500 loan over 2 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

 ^^^ The 34.16% comparison rate is based on a $5000 loan over 2 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. 

Large Loans $5001 - $50,000

 Arranged by Fair Go Finance

 Funded by our Lender Partners 

Looking for a larger loan? We have expert staff ready to review your information and research potential loans for you through our lender partners.

Leave the hard work to us! We’ll always discuss the options with you as well as confirm the rates, commission and fees at the time of application. Here are some examples of the types of larger loans we can help with. 

Average Loan Typical Use Average Term Typical Establishment Fee Interest Rate Weekly Repayment Comparison Rate
             
$10,000 Holiday, car purchase, medical 3 years $395 8.89% p.a $82 16.57%
$35,000 Debt Consolidation, home renovations 7 years $150 13.95% p.a $156 14.81%p.a

^ The 16.57% comparison rate is based on a $2500 loan over 1 year. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. 

^^ The 14.81% comparison rate is based on a $35000 loan over 7 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Want more than $5000

Mates Rates Reward Program – It’s our way to say thanks for coming back!

Do you like being rewarded for loyalty? Well, our mates rates reward program does just that!

Be funded a second time (or more!) by Fair Go Finance, and you'll be eligible for the discounts outlined below including an express service! Go forward with us again, and you can be rewarded with great benefits!

Loan Amount Min Loan Max Loan  Establishment Fee reduced by Interest Rate reduced by Express Service
           
Small Loans $1,000 $2,000 $50 0% YES
Medium Loans $2,250 $5,000 $50 5% YES
Existing Customers

Why you should choose us!

Don’t restrict your finance options to just one lender. By coming to us, we’re a personal loan lender who can access other personal loans through our lender partners! Come to us for all your personal loan needs and let us help you go forward with your financial future, starting today!

All applications are subject to approval and will be assessed separately by reference to the applicant’s individual circumstances.