Have you suddenly been faced with needing to travel somewhere urgently and don’t have the money to pay upfront?
It’s a situation that unfortunately can happen. Sometimes it can be for a very happy reason, like being selected for a state rugby team while other times it can be for something unexpected and you just need to get there.
At Fair Go Finance we’ve made sure our online travel loan application and approval process is incredibly fast, so for whatever reason you need to travel urgently for, the money could be in your account as fast as this afternoon or tomorrow.
If you’ve decided an emergency travel loan is your best option, here’s 5 tips to help you make sure you do it the right way.
If you’re rushing to find a loan, don’t let the urgency cause you to apply with the very first one that pops up.
Taking a loan out with an unscrupulous lender will only cause you more stress, excessive costs and no support.
Responsible lenders, like ourselves, operate fairly and will make sure the loan is affordable for you and achieves your needs.
Here’s some things you can look for:
The Australian Government strictly regulates small loans up to $2000 because many vulnerable Australians were getting charged excessive fees by irresponsible lenders.
All loans up to $2000 aren’t charged interest but they generally have an establishment fee and a monthly fee charged instead.
The Governments’ rule is that these loans cannot be charged any more than 20% of the loan amount for the establishment fee and no more than 4% of the loan amount for a monthly fee.
Most lenders stick to this and charge these maximum rates for all their loans up to $2000.
At Fair Go Finance, we’re different because we offer lower priced small loans in Australia.
We will take into consideration your credit history when we assess your loan and will reward you based on your individual file.
If you have a good credit rating you will be rewarded with a reduced establishment fee AND lower monthly fee on your loan – it’s just another way we stand out from the other lenders who offer these size loans.
We understand you’re feeling anxious about getting your travel loan sorted, but its critical you don’t jump online and apply to numerous places.
When you apply for a loan, a credit check is completed by the lender.
When another lender sees you’ve made new applications to other lenders, it will work against you.
IMPORTANT TIP: Submitting multiple loan applications over a short period of time will negatively impact your credit report and credit rating.
If they are a trustworthy and transparent lender, they should also have a loan eligibility page where you can make sure you are actually eligible to apply for a loan before submitting an application, so please make sure you check.
Finding an urgent loan provider may be easy when you are in a good financial position, but what if that changes after you’ve taken out the loan?
It’s very wise to find a lender who you know will support you and assist in every way they can if you hit difficulty such as losing your job or having an accident so you can’t work.
At Fair Go Finance our Customer Care team are dedicated to assist our customers throughout their financial future, in good times and in bad.
Have a quick look at the lenders reviews, social media sites and if they have any website pages focused on financial hardship.
You may be looking for an urgent travel loan today, but it’s worth checking to see if the lender offers other loan products too.
Do they offer larger loans or car loans perhaps?
It makes sense to choose a lender that has other loan products too, because if you ever need another type of personal loan, your good repayment history from your urgent travel loan will greatly improve the likelihood of you being approved again.
At Fair Go Finance we also reward all of our returning customers with an express application form and further reduced fees and interest rates – it’s called our Mates Rates reward program.
Do you feel Fair Go Finance is the right lender for you? We hope so, because we’re here to help you go forward.