There’s a lot of research that suggests a short break or holiday is not only great fun but can also be very beneficial for those who feel overly stressed, tired or run down. Whatever the reason, if a short break seems appealing, the next step is to work out if it’s affordable. For those who don’t have the money already saved up, the next option could be to take out a short-term loan. A Short-term loan is a small personal loan that is taken over a short time frame, generally 12 months or less. Short-term loans can be used for any general personal need, such as a holiday, to pay bills, buy whitegoods/furniture, pay a tenant bond, cover school fees and many, many more!

What would the repayments be on a short term loan?

This really depends on how much is being borrowed, over what length of time and what product is chosen. As a guide, please see below for a few different scenarios if applying to Fair Go Finance.

Loan AmountLoan TermAvailable Loan ProductsSecured/Unsecured LoanWeekly Repayment Fixed Loan
$5005 monthsFixed LoanUnsecured Loan$33
$10007 monthsFixed LoanUnsecured Loan$49
$20009 monthsFixed LoanUnsecured Loan$80
$450012 monthsFixed LoanSecured Loan$116

As a responsible lender, the applicant’s income and current debts are taking into consideration. If a loan is offered, the amount and term will be tailored to the applicant’s affordability. It is very important that the loan meets the applicant’s needs and can be repaid. We hope this has explained what short-term loans are and what they can be used for. If you have any further questions, please contact our customer service team on 1300 324 746. If you feel you have enough information and would like to apply for a short-term loan, please apply below.

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Are you eligible to apply?


It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:
For more information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor.

Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan.
If you are on government benefits, ask if you can receive an advance from Centrelink.

The Australian Government’s MoneySmart Website shows you how small amount loans work and suggests other options that may help you.

* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.