What is a Line of Credit? 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.

Line Credit Minimum Monthly Direct Debit Amount
$500 $25
$1,000 $50
$2,000 $100
$3,000 $150

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.

Get more & pay less!

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.

Rewarded on return!

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.

What can you use a line of credit for?

You can use our line of credit for any personal need such as:

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

Rates and Fees

from 14.90% - 34.90%

Our line of credit interest rates start from an incredibly competitive 14.90% p.a. and go up to 34.90% p.a..

Our personalised rates mean we can ensure good credit customers are rewarded, while those with lower credit scores can access fair-priced loans while they repair their credit profile.

How much can I borrow?

from $200 - $5,000

We offer line of credit limits from $200 up to $5,000 which can be reused whenever you want without having to re-apply.

How to Apply?

Fair Go Finance Unique Selling Point

Apply Online

All it takes is five 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 repayments, simply talk to our support team.

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

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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
Please note: Bank statements can only be submitted via our secure online service.