Fair Go Finance is a digital online lender that provides various types of loans to the people of Australia to meet their financial requirements. this article will help you to get an idea of Fair Go Finance Car Loans | How to Get Car Loans With Fair Go Finance.
It has been providing its loan services from the year 2008 which shows it has good experience in the loan sector.
It has also won the 2020 Australian small business Champion Awards. you can see it on its website. Fair Go Finance provides its services currently to Melbourne, Brisbane, Sydney, Adelaide, and Perth.
Contents
Types of Loans Fair Go Finance Offers
It offers various types of loans as mentioned below.
- Personal loans
- Line of Credit
- Debt Consolidation loans
- Car loans
- Bad Credit loans
- Education loans
- Medical loans
Today we will discuss Car loans that Fair go finance offers.
Fair Go Finance Car Loans
Do you need a car loan? fair go finance is available for this as it offers a wide range of loans.
Fair go finance offers car loans as well as car repair loans. You can use car loans to buy a new or used car or for anything else car-related or trailer or caravan Or take out a small personal loan for car repairs, new tyres, rego, or your insurance.
It is one of the largest non-banking lenders in Australia that has made its process for a car loan application so simple and fast by using the latest technology.
Features of Fair Go Finance Car Loans
- It has a good experience in the loan sector.
- At Fair Go, you can apply for a loan from $500 to $20000 online, anytime.
- It also personalise the rates and terms on all of the loans to minimize the cost of your car loan as much possible.
- The application is quick and easy.
- At fair go finance the interest rate ranges from 15.95% p.a – 27.99% p.a.
- The loan term is quite flexible i.e from 2 years to 5 years.
- Your loan will be aproved and the amount will be transferred to your bank account in within few minutes.
Fair Go Finance Car Loan Eligibility & Requirements
- You must have 18 years of age or over.
- Living in Australia (citizen, permanent resident, on a working visa or sponsorship visa).
- You must not entered into bankruptcy or part 9 agreement within the last 6 months.
- Employed on a casual, part-time or full time basis
- Your weekly income should be more than $500.
- Your income is not solely from Centrelink.
Documents you may need to provide for Fair Go Car Loan
- Your photo ID documents such as your Australian driver’s license and passport.
- Details of your current and previous (if applicable) employer.
- Details of your income, assets, expenses and liabilities.
- If you are self employed you need to show most recent individual tax return and the corresponding notice of assessment from the Australian Taxation Office.
- last 3 months bank statements.
How to Apply for a Car Loan with Fair Go Finance?
- Visit Fair Go Finance official website and click on the button Apply Here on the top right-hand side.
- Click on New Customers if you are new to Fair go loan, else click on Existing customers option. Once you click on new customers anew will open.
- Now you need to select Loan type as Car Loan, reason of the loan, loan amount (should be greater than $5000), enter your personal details like name, DOB, Email ID, Phone number and click on the Go button.
- Next, you need to verify your identity, connect your online banking to verify your income and expenses and some additional information based on your loan purpose is required.
- A car loan specialist will be in touch to answer any questions and confirm the pre-approved amount they can offer you.
- Find the car you want to buy and provide the required details to fair go finance. They will complete a final credit check and ensure the loan amount suits your vehicle.
- After that accept the loan contract and sign the loan offer via SMS code. No printing. No signing. No scanning.
- Once everything is settled, the funds will be transferred to the car seller or dealer account. you just have to pick up your car.
How Does a Fair Go Finance Car Loan Process Work?
- Apply Online: Complete the Online loan application process by sharing basic information about your income, employment, personal details, address etc.
- Lending Decision: Once the application process is completed, Fair Go Finance will process your application and provide you a lending decision quickly.
- Accept Offer: Once approved, accept your offer by electronically signing with a secure SMS code sent to your mobile. sign your loan agreement as well.
- Get Funds: After accepting & signing the loan agreements, you will receive cash to your linked bank account via Direct deposit within few minutes.
Fair Go Finance Car Loan Interest Rate & Fees
- Interest Rate: At Fair Go Finacne, the Car loans interest rates range from 15.99% p.a to 27.99% p.a (Comparison rates from 26.69% p.a. – 36.32% p.a.).
- Establishment Fee: The establishment fee or application fee will be $550. It is one time fee.
- Monthly Fee: You have to pay a monthly fee between $15 to $28.
- Discharge Fee: The discharge will be $125.
- Other Fees: Other fees, charges and commissions may apply.
| Types of Charges or Fee | Rate or Payable Amount |
|---|---|
| Interest Rate | The Car loans interest rates range from 15.99% p.a to 27.99% p.a |
| Establishment Fee | The establishment fee or application fee will be $550. It is a one-time fee. |
| Monthly Fee | You have to pay a monthly fee between $15 to $28. |
| Discharge Fee | The discharge will be $125. |
Fair Go Finance Car Repair Loans
If you need money for the short term for car repairs or any car or vehicle expense, including crash repairs, tyres, or even insurance costs, fair go finance is available for you.
It offers car repair loans for the bad credits too.
It provides an easy and fast service that if your loan is auto-approved up to $5000, you can get the loan amount within 1 hour to your bank account.
Fair Go Finance Car Repair Loans Featurs
- It has a good experience in the loan sector.
- At Fair Go, you can apply for a car repair loan from $300 to $10000 online, anytime.
- The application is quick and easy.
- At fair go finance the interest rate ranges from 15.92% p.a – 29.90% p.a.
- The loan term is quite flexible i.e from 1 month to 3 years.
- If you are auto approved for loan amount up to $5000, the fund will be credited to your bank account within an hour.
Fair Go Finance Car Repair Loan Eligibility & Requirements
- You must have 18 years of age or over.
- Living in Australia (citizen, permanent resident, on a working visa or sponsorship visa).
- You must not entered into bankruptcy or part 9 agreement within the last 6 months.
- Employed on a casual, part-time or full time basis
- Your weekly income should be more than $500.
- Your income is not solely from Centrelink.
Documents you may need to provide for Fair Go Car Repair Loan
- Your photo ID documents such as your Australian driver’s license and passport.
- Details of your current and previous (if applicable) employer.
- Details of your income, assets, expenses and liabilities.
- If you are self employed you need to show most recent individual tax return and the corresponding notice of assessment from the Australian Taxation Office.
- last 3 months bank statements.
How to Apply for a Car Repair Loan with Fair Go Finance?
- Visit Fair Go Finance official website and click on the button Apply Here on the top right-hand side.
- Click on New Customers if you are new to Fair go loan, else click on Existing customers option. Once you click on new customers anew will open.
- Now you need to select Loan type as personal Loan, reason of the loan as Car Repair Loan, loan amount (should be greater than $300), enter your personal details like name, DOB, Email ID, Phone number and click on the Go button.
- Next, you need to verify your identity, connect your online banking to verify your income and expenses and some additional information based on your loan purpose is required.
- You will receive your preliminary assessment or your rates and amount outcome on your screen.
- After that accept the loan contract and sign the loan offer via SMS code.
- Once everything is settled, you will get loan directly to your linked bank account within few minutes.
Fair Go Finance Car Repair Loan Interest Rate & Fees
- Interest Rate: At Fair Go, the car repair loans interest rates range based on the small amount loan, medium amount loan and large amount loan. like for small loan amount there is no APR, for medium and large amount loan the APR will range from 17.20% to 29.90%.
- Establishment Fee: The establishment fee varies from $0 to $771, depends on the type of loans i.e small amount loan, medium amount loan or large amount loan.
- Monthly Fee: You have to pay a monthly fee between $0 to $80 ,depends on the type of loan i.e small amount loan, medium amount loan or large amount loan.
| Types of Charges or Fee | Rate or Payable Amount |
|---|---|
| Interest Rate | for the Amount $300 – $2000 = No APR for the Amount $2050 – $5000 = 17.20% – 29.90% (APR) for the Amount $5050 – $10000 = 15.92% – 19.90% (APR) |
| Establishment Fee | for the Amount $300 – $2000 = $0 – $400 for the Amount $2050 – $5000 = $394 – $771 for the Amount $5050 – $10000 = $536 – $662 |
| Monthly Fee | for the Amount $300 – $2000 = $0 – $80 for the Amount $2050 – $5000 = $9 for the Amount $5050 – $10000 = $10 |
How Fair Go Finance Car Loan Repayment Works?
Since the process is completely online, Your regular scheduled payments will be automatically withdrawn from your bank account when your payments are due so you will never have to worry about missing a payment.
It also provides the facility to repay the loan through internet banking, make a debit card payment, make a bank transfer payment, or Electronic Funds Transfer.
Fair Go Finance Contact Details
Fair Go Finance Contact Number = 1300 324 746
Fair Go Finance Customer Support Email ID = apply@fairgofinance.com.au
Fair Go Finance Fax Number = 1800 324 746
Fair Go Finance Business Hours =
Monday to Friday = 6.30 am to 4:30 pm (AWST)
Saturday = 8:00 am to 12:00pm (AWST)
Sunday = Closed.
Office hours may differ on Public Holidays.
Conclusion
In this article, we have discussed Fair Go Finance Car Loans | How to Get Car Loans With Fair Go Finance.
I hope the article will be helpful while applying for a car loan with fair go finance. make sure to check all the charges carefully before applying for a car loan or card repair loan with fair go.
If you feel comfortable with the rates & charges, you can give it a go otherwise look for alternatives.
Read Also
- Koyo Loan Reviews | How to Apply for Personal Loan With Koyo?
- Fair Go Finance Bad Credit Loans | How to Apply for a Fair Go Bad Credit Loan Online
- Fair Go Finance Line Of Credit Reviews | How to Apply for Fair Go Line Of Credit
FAQs
Not Mandatory. It depends on the size of your car loan.
Small loans up to $5000, Insurance is optional.
Car loans above $5000, Comprehensive car insurance is required.
Whatever your car loan amount, It is always advised that it’s good to have car insurance.
