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 $10,000. 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 $10,000
  • Minimum loan term 3 months
  • Maximum loan term 3 years
  • Minimum interest rate for new customers 17.9% p.a. (*Comparison rate 23.20% p.a.) 
  • Minimum interest rate for returning customers 15.2% p.a. (**Comparison rate 19.93% p.a.)
  • Maximum interest rate 29.9% p.a. (***Comparison rate 53.12% p.a.)

Your credit rating and affordability will help determine your eligibility

*This comparison rate is based on a $10,000 loan over 3 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 $10,000 loan over 3 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 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.

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 for New Customers. 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).  For more information about our loyalty discounts check out our Mates Rates page.

Credit Rating Indicative Veda Score Interest Rate from Comparison Rate Typical personal loan amount
(security may be required for this loan size)
         
Good Credit 600 and above 17.9% 23.20%^ Up to $10,000
OK Credit 400 - 600 22.9% 29.47%^^ Up to $7,000
Poor Credit Below 400 29.9% 53.12%^^^ Up to $5,000 

^ This comparison rate is based on a $10,000 loan over 3 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 $10,000 loan over 3 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 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

To find out more about credit scores watch this video.

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 - $2,000)                 Medium loans ($2,001 - $5,000)             Large loans ($5,001 - 10,000)

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

Small Loans $500 - $2,000

 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 from 12 % from 2% of principal N/A N/A

Use our slider below for small loan repayments

I need

$
$500$2,000

For

6 months12 months

My credit is

Interest rate
from p.a.

19.9%

Comparison rate
from p.a.

44.2%

Minimum weekly
repayment

$72.48

Total repayment

$3,766

Medium Loans $2,001-$5,000   

 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 from $360 $5 from 17.9% 36.64% 
               

 ^ The 36.64% 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.   

Large Loans $5,001 - $10,000

Looking for a larger loan? 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 2 years from $595 from 17.9% p.a $122.67 23.20%
             

^ The 23.20% comparison rate is based on a $10,000 loan over 3 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.  

 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 great discounts including an express service! Go forward with us again, and you will be rewarded with great benefits!

Existing Customers
Fair Go Finance - click if you are an existing customer

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