Bad Credit Loans

When you apply for a bad credit loan with us, 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.

We want you to know that we’re not here to judge your past, so if you’re willing to rebuild your credit history and are looking for a loan between $500 and $5000, that’s great and we'd love to help if we can!

You’re definitely heading in the right direction to go forward. 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 the first time is our hope, so why not see how much you repayments could be by using our loan slider below?

How much do you need?

I need



3 months7 years

My credit is

rate p.a.


rate p.a.


Minimum weekly


Total repayment


Want more than $5000

What is a bad credit loan used for?

A bad credit loan can help with things such as:

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!

What can be listed on your credit report

Do you have any of the following listed on your credit report? We may be able to help, subject to our policies and guidelines.

Have you been applying to a number of 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’re happy to talk to you about your credit file before you apply so you know where you stand. Our goal is to help you go forward!

Keeping small loans clear and simple!

Am I Eligible? To apply you need to be: 18 years of age or older, a permanent Australian resident and in regular paid employment.
How much can I borrow for a bad credit loan? $500 to $2000
How long can the loan term be? 3 to 12 months
Is it a fixed or variable rate loan? Fixed
Who will be the lender? Fair Go Finance

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

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

(Are you reading this outside our business hours? You can still call and leave a message or e-mail us with any queries, and we’ll reply as soon as we’re back at work!)

Bad Credit Loans Pricing

New Customers

  Min Loan Max Loan Average Term Typical Establishment Fee Monthly Fee Interest Rate per Annum Comparison Rate
Small Amount Loans $500 $2,000 5 months 20% 4% of principal 0% N/A
Medium $2,250 $5,000 8 months $460 - $695 $5 29.9% 39.9%


Loan Amount Available Term Repayments per week ( depends on affordability) Establishment Fee Monthly Fee Interest Rate per Annum Comparison Rate
$500 3 - 5 months $33 up to $155 $100 $20 0% N/A
$1750 3 - 11 months $61 up to $178 $350 $70 0% N/A
$2250 4 - 12 months $62 up to $169 $460 $5 29.9% 38.1% - 44.6%
$4500 7 - 12 months $116 up to $188 $635 $5 29.9% 41.3% - 46.8%

Mates Rates Discounts

At Fair Go Finance we reward you with a discount on your second loan, given you will have demonstrated a positive repayment history on your first loan. You will be rewarded with an express service and, depending on the loan amount, a reduction on your establishment fee / interest rate. See table below.

Loan Amount Min Loan Max Loan Reduction Applied to Establishment Fee Reduction Applied to Interest Rate Express Service
Small Amount Loans $1,000 $2,000 $50 0% YES
Medium $2,250 $5,000 $50 5% YES

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).

"Smooth process - transparent and honest quotes and an extremely helpful web application. Awesome staff on the phone also"

Paul, February 2016