Bad Credit Loans - Cash Loans for People with Bad Credit

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When you apply for a bad credit personal loan with Fair Go Finance, we understand you’ve had a few financial hiccups that have meant your credit report isn’t too great and you’ve possibly found it hard to get a personal loan from anywhere else.   

What is a bad credit loan?

A bad credit loan, or a loan for poor credit, is a personal loan for people who may not have a perfect credit file. There are many reasons for an impaired credit score, including defaults, debt agreements or bankruptcy. 

We want you to know that we’re not here to judge your past, so if you want to rebuild your credit history and are looking for a loan between $500 and $10,000, we're here to help you with a loan that suits your circumstances.  

How do I know if I have bad credit?

Have you had trouble getting a personal loan from a bank or credit union?  Do you feel like no one is willing to lend you cash?  It could be that your credit rating has taken a hit.  There are several reasons why your credit score may not be up to par including missed bill payments, defaulting on a loan or forgetting credit card repayments.

However, there are still options available to you: a bad credit loan, or poor credit loan, is designed to assist those who may have had trouble borrowing in the past because of their credit history.  If this sounds like you, apply for a bad credit loan with Fair Go Finance and let us help you go forward to a brighter financial future.

Top tip: be proactive and find out your credit score so you know what type of loan might be suited to you. Paul Walshe, our founder and also known as 'Walshy', talks about how to find out your credit score in this video blog.  

Why should I get a bad credit loan with Fair Go Finance?

If you have bad credit and need a loan, Fair Go Finance want to help you. Here's why Fair Go Finance is Australia's favourite bad credit lender.  

Best value loans for people with bad credit

Our best value bad credit loans are competitively priced; you will not find a better value small loan with any lender in Australia. We also have great loyalty discounts for our existing customers, so each time you get a small loan with us it will be cheaper than anywhere else.  

30 minute funding

At Fair Go Finance we know that when you need a loan, you need it fast. Not only is our application form simple to ensure that quickest processing of you loan, once your loan is approved, we will transfer the funds to you within 30 minutes. 

Australia's best customer service

We have a team of friendly Customer Solutions Consultants who want to hear your story and help you Go Forward to a stronger credit score and ultimately a better financial future. 

If we can't help you with a loan straight away, we'll be supportive and educate you on how to improve your loan chances next time. Helping you with an online bad credit loan the first time is our hope, so why not see how much your repayments could be by using our loan slider. 

Here are just a few of our success stories: 

Reviews and feedback from customers about Fair Go Finance’s Bad Credit Loans
Overall 4.81
18 reviews
  1. 5

    They gave me a chance even though I’m an ex bankrupt person.

  2. 5

    Friendly service, willing to give people a "fair go" where other lenders wouldn't.

  3. 5

    Fair Go Finance were there to support me when I needed the support

  4. 5

    You guys have helped me out with a few sticky situations and things could be a lot harder if you didn't help.

  5. 4.5

    It gave me a chance of getting a personal loan even with defaults.

  6. 4

    I didn't think you'd be able to help me but you did.

  7. 5

    Application is quick and painless and I now have a good credit rating thanks to Fair Go Finance.

  8. 5

    Great service. Easy process and second chance to redeem a good credit rating again.

  9. 5

    FGF really helped me when I needed it the most and were really easy to talk to, very understanding.

  10. 4.5

    Wasn't expecting to get approved with my credit history but they gave me a chance and it was a quick and easy process.

  11. 5

    You guys helped me when I really needed it and no one else would.

  12. 4

    You have flexibility in credit assessment and a fast approval process one way or the other.

  13. 5

    Excellent service and willing to give people a go.

  14. 5

    Credit History is History for them.

  15. 4.5

    Very fast approval and communication. I also liked that they sent me my credit score and history, as I was having trouble getting that information before.

  16. 5

    I don't think I could ever truly explain how this changed my circumstances and gave the chance to move forward after a part 9 debt agreement and no one would help me after that.

  17. 5

    Awesome service, great people very handy in time of money troubles.

  18. 5

    Helped us out when other companies would not.

More Reviews

If you're looking for a bad credit lender, you have come to the right place; you’re definitely heading in the right direction to go forward and improve your credit worthiness. Can we help every bad credit customer in Australia?  Unfortunately, there are times we can’t.  That’s why, if we can’t help straight away, we’ll be supportive and educate you on how to improve your loan chances for next time.   Helping you with an online loan the first time is our hope, so why not see how much your repayments could be by using our loan slider above? 

How do I apply for a poor credit loan with Fair Go Finance?

Apply for a bad credit loan 100% online – no need to visit a bank during office hours or print documents, you can do it from the comfort of your home or even on the go! 

Simply follow these three easy steps: 

From there, we will deposit your bad credit loan straight into your bank account within 30 minutes.    

What can I use a bad credit loan for?

A personal loan can help with things such as: 

How did I get a poor credit score?

There are several ways that your credit score could take a hit and be classed as poor. Do you have any of the following listed on your credit report? We may be able to help, subject to our policies and guidelines. 

Top tip: have you applied to several different lenders? Each time you do this, it can add an enquiry on your credit file which makes it harder to get a loan approved. We recommend doing your research before applying for any bad credit loans. We're more than happy to talk to you about your credit file before you apply so you know where you stand - give us a call on 1300 FAIR GO or use our live chat!   

How can I fix my bad credit rating?

It can take some time and effort to repair your credit file but we assure you it is worthwhile.  In order to repair your credit history, you'll need to demonstrate that you're able to borrow and repay responsibly.

The first step would be to get a copy of your credit report - this can be done through Equifax (formerly Veda Advantage).

For more tips on improving your credit file, check out our blog on the subject!  

Moving? Protect your credit report with these tips!   

Why you should always keep an eye on your credit report!


A previous customer contacted us to say he was declined by a bank due to his credit file.  He couldn’t understand why, because his Fair Go Finance loan had been repaid some time ago, without any problems. We asked to look at his credit report, and discovered a utility default had been listed since he repaid his loan with us. He wasn’t aware of it because he had moved houses and never received the outstanding bill.


He was very grateful for the time we spent explaining the cause of his loan decline, and ended up taking out a bad credit loan with us to fix the outstanding default and get back on track!


OUR TIP TO MOVERS! Please remember to notify all your utility companies and lenders of your new contact details when you move address!

How much can I borrow and am I eligible?

To apply for a bad credit loan online you need to be: 18 years of age or older, a permanent Australia resident and in regular paid employment.

Fair Go Finance offers poor credit loans from $500 up to $10,000. For a bad credit personal loan of $500 to $10,000, depending on your repayments, you can borrow cash from 3-12 months. 

Ready to move forward with a bad credit loan? Apply here.

Who can help me with my bad credit loan?

Need help first? Give us a call on 1300 324 746 or instant message us. 

How much does a Bad Credit Loan Cost?

Loan Type Loan Amounts Average Term Typical Establishment Fee Monthly Fee Interest Rate per Annum Comparison Rate
Small Amount Loan $500 - $2,000 5 Months 20% 4% of Principal 0% N/A
Medium Amount Loans $2,250 - $5,000 8 Months $460 - $695 $5 29.9% 53.12%-62.04%


Loan repayment examples
Loan Amount Available Term Repayments per week* Establishment Fee Monthly Fee Interest Rate per Annum Comparison Rate
$500 3 - 6 months $28 up to $52 $100 $20 0% N/A
$2,250 3 - 12 months $61 up to $220 $460 $5 29.9% 53.12%-62.04%


*Repayments per week depend on affordability 

Want reduced fees on your personal loan for bad credit?

To get a better rate on a bad credit personal loan, you will need to have completed at least one loan with us previously and have demonstrated a solid repayment history on your loan. 

In return we can offer a:

  • Better interest rate on your loan
  • Reduced establishment fee
  • Faster application and approval process

For more information on Fair Go Finance' loyalty discounts, check out our Mates Rates page.

Warning: The comparison rates provided 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. Maximum fees, charges and or interest equal to a maximum all inclusive equivalent cost rate of 48% APR (Annual Percentage Rate). Minimum loan term 3 months. Maximum loan term 12 months. For our loans of $500 to $2,000 an APR (Annual Percentage Rate) does not apply.  

"Honest and Trustworthy"

Leah, January 2016