How to Get a Cheaper Loan with Risk-Based Pricing (and Build Your Credit Score Too) 

We use something called risk-based pricing, which means your interest rate is tailored to your financial situation. So, if you’re managing your money well, you could qualify for a cheaper loan and at the same time, improve your credit score for the future. 

Why other lenders may charge more 

Most lenders stick to capped interest rates. These are often set at the highest level they’re legally allowed to charge. That means whether you’re doing well financially or still working things out, you pay the same high rate. 

With Fair Go Finance, it’s different. We look at your habits, not just your credit score. If you’re on the right track financially, we’ll reflect that with a lower interest rate  which is tailored to your individual situation rather than a one size fits all interest rate for your personal loan.  

What’s risk-based pricing? 

Risk-based pricing means your interest rate is based on how likely you are to repay the loan on time. If you’ve shown responsible financial behaviour like paying your bills and other loans on time you’re seen as a lower risk, and we can offer you a lower rate. 

If your credit history isn’t perfect, don’t stress. You’ll still get a fair go, and a clear path to lower rates next time. We reward responsibility! 

How risk-based pricing helps you move forward 

It’s not just about saving money today. It’s about giving you the tools to build a stronger financial future. Here’s how: 

1. You could get a cheaper loan 

Show you can repay on time, and we may offer you a lower rate from the start—saving you money over the life of the loan. 

2. You build your credit score 

We report to all major Australian credit bureaus. That means every on-time repayment helps boost your credit score, opening up more financial opportunities down the line and cheaper rates in the future. 

3. You unlock better rates in future 

Even if your first loan isn’t at our lowest rate, keep up the repayments and you’ll likely qualify for a lower rate next time. We call it mates rates you’ve earned it. 

What can help you qualify for a better rate? 

We’re all about giving you the chance to improve. Here’s what helps: 

• Making repayments on time – reliability matters. 

• Stable income and spending habits – consistency builds trust. 

• Clean credit file – tidy up errors and avoid late payments where you can. 

Why choose Fair Go Finance? 

We’re not your typical lender. We offer personalised pricing, a fully online application process, and a local Aussie support team. We’re here to help you not just borrow—but build. 

So whether it’s your first loan or you’re coming back, we’ll support you with fair rates and helpful advice, every step of the way. 

 Learn more about Fair Go Finance and how we help our customers go forward.