What is a Line of Credit and how does it work?

A line of credit offers you continuous and instant access to a quick loan when you need it most. It’s the perfect ‘go to’ when life throws you a curveball or you need a fast financial boost for a specific purpose.

It works by giving you money on demand up to a maximum pre-approved limit. You can choose to use the entire amount or access smaller portions when you need them.

Need easy, manageable repayments? We hear you. That’s why we will set up a very affordable direct debit so you know your minimum payment will always be made, and you can pay extra whenever you want to.

Here’s a guide as to what the direct debit amount will be, depending on what size line of credit you choose.

What can you use a line of credit for?

  • Unexpected expenses
  • Purchases, small or big
  • Emergency costs
  • Deposits or bonds
  • Travel money
  • more...

Rates, fees & features

from 14.90%p.a – 34.90% p.a.

Comparison rates: from 35.32% p.a. – 39.11% p.a.
Application fee:  3% – 15%
Monthly fee:  $9

How much can I borrow?

from  $200 – $3,000

What is the loan terms?

from  12 – 24 months

 

All prices are indicative for an unsecured line of credit facility and fees and charges are payable. WARNING: The comparison rate is true only for the example loan amount and terms and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
EXAMPLES $1,000 $2,000 $3,000
Average Term 24 months 24 months 24months
Repayment Per Week $12 $23 $55
Establishment Fee $150 $89 $125
Monthly Fee N/A $9 $9
Interest Rate Per Annum (APR) 25.12 25.03% 22.97%
Comparison Rate * 31.40% 35.84% 35.25%

* Comparison Rate is based on an unsecured line of credit facility of $2500 over a term of 24 months. Fees and charges are payable. WARNING: The comparison rates are 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.

Why choose Fair Go Finance?

We’ve been giving our customers a Fair Go since 2008.

We listen, adapt, innovate and grow with our customers so we can provide ongoing value to you.

Fair Go Finance Unique Selling Point

Genuine Customer Service

Real and caring consultants to help you go forward.
Funded in minutes!

Apply, approved and funded in as little as 15 minutes

Fair Go Finance Unique Selling Point

Risk Based Pricing

Your credit profile is rewarded with tailored pricing.
Rewarded on return!

Save up to $115 on small loan
Save up to $357 on medium loan

Fair Go Finance Unique Selling Point

Mates Rates Loyalty Program

Enjoy rate and discount rewards for your loyalty.
Get more & pay less!

Returning customer gets up to $453 more on the second loan

Fair Go Finance Unique Selling Point

Boost Your Credit Score

Improve your financial future by repaying your loan with us.
Good credit, not bad!

65% of our customers enjoy a 42 point increase to their credit score.

How to Apply

Fair Go Finance Unique Selling Point

Apply Online

All it takes is 6 minutes with our smart online application form.
Fair Go Finance Unique Selling Point

Accept Offer

Once approved, accept your offer by electronically signing with a secure SMS code sent to your mobile.
Fair Go Finance Unique Selling Point

Receive Finance

Real-Time Funding will make sure your funds are transferred as cleared funds within 1 min, so you can start using it sooner!
Fair Go Finance Unique Selling Point

Personalised Support

If you need a little help with anything, simply talk to our support team.
Apply Online

The most common questions about our Line of Credit

Ready to get started?

Apply online and enjoy peace of mind knowing you can have quick access to an ongoing line of credit, anytime

Apply Online

See what our customers are saying

Read all reviews

Are you eligible to apply?

  • I am 18 years or older
  • I have not entered into bankruptcy or part 9 agreement within the last 6 months
  • I am willing to provide my Bank Statements online
  • My income is not solely from Centrelink
Please note: Bank statements can only be submitted via our secure online service.

Notice

Please be aware our phone lines are temporarily down. Whilst they are being fixed, please contact us either via our Chat function or you're welcome to email us at apply@fairgofinance.com.au and we will be happy to assist you. We apologise for the inconvenience and hope to have this rectified soon.