Fair Go Finance Reviews | How to Apply for a Personal Loan with Fair Go Finance : Paisa Know

Fair go finance loan, How to apply, loan eligibility & requirements, fair go finance Interest rate, fees & charges, Is fair go finance safe & legit?

Gone are those days when there were only banks to get any kind of loan. Now we have multiple platforms that provide various kinds of loans. Moreover, the loan process is also online and fast, and you could get the loan amount within a maximum of 48 hours. Today we came up with Fair Go Finance Reviews | How to Apply for a Personal Loan with Fair Go Finance?

Loan App Name	Fair Go Finance
Type of Loan	Personal Loan
Loan Amount	$300 to $10000
Interest Rate	17.20% to 29.90%
Loan Tenure	1 month to 3 years
Establishment Fee	From $0 to $771, depending on the type of loan

This detailed review will be very useful for the person who is looking for a loan from a trusted platform like Fair Go Finance.

Let’s start with the Fair Go Finance description…

Contents

What is Fair Go Finance?

Fair Go Finance is a digital platform loan provider that offers various kinds of loans to its customers.

It is known for its innovative and latest technology implementation that can help customer growth by making the services fast and reliable.

Since 2008 Fair Go Finance is providing fairer services to the people of Australia. It is helping them to go grow by providing financial support.

Fair Go Finance loan application process is completely online that offers simple, fast, personal loans. just relax at your home, apply for a loan and get it directly to your bank account.

It has won the 2020 Australian small business Champion Awards. Fair Go Finance provides its services currently to Melbourne, Brisbane, Sydney, Adelaide, and Perth.

Types of Loans Fair Go Finance Offers

Fair Go 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

We will cover Personal loans in this article which is very common and suitable for every individual.

Fair Go Finance Personal Loans

In simple terms, the personal loan can be used Pretty much for anything. It completely depends on you how you spend the loan amount.

Most personal loans come with two options, as a secured or unsecured loan and Fair go finance offers both. Let’s understand both very quickly.

Secured Loan: With a secured loan, you will need to provide an asset as security, such as a car ,property, home etc. Secured loans can benefit from lower rates, longer loan terms, and the ability to borrow larger amounts.However, if you don’t repay the loan on time, the lender has the right to seize and sell your asset.

Unsecured Loan: With an unsecured loan, You do not have to put up an asset as Collateral. The benefit of an unsecured loan is faster, simpler application and assessment, so you could get the money faster.

You can use fair Go finance’s personal loan for a variety of things like Debt consolidation, Home improvement, Buying a car, Paying education fees, Travel & holidays, Medical & dental fees, etc.

Fair Go Finance Personal Loan Features

There are various great features of Fair go personal loans. you can find them listed below.

The loan application process is completely online.

It provides both short term and long term loan.

At Fair Go, the personal loans interest rates range based on the small amount loan, medium amount loan and large amount loan. like for small there is no APR, for medium and large amount loan the APR will range from 17.20% to 29.90%.

It offers Personalised interest rates based on your credit history/credit profile.

Most loans are approved and money will be deposited to your bank account within 24 hours.

Fair Go Finance offer personal loan ranging from $300 to $10000.

At Fair go, you can repay loan between 1 month to 3 years depends on what kind of loan you have chosen like small ,medium or Large amount loans.

You can pay out your loan early in full or make additional lump sum payments during the life of your loan with no extra fees or penalties.

You will have access 24 hours/7 days a week to our customer portal.

Fair Go Personal 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 personal 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 Personal 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, reason of the 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.

Once you are happpy with the rates and the approved loan amount proceed to finalize your loan application.

Once everything is settled, you will get loan directly to your linked bank account within few minutes.

How Does a Fair Go Personal 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 Interest Rate & Fees

Interest Rate: At Fair Go, the personal loans interest rates range based on the small amount loan, medium amount loan and large amount loan. like for small there is no APR, for medium and large amount loan the APR will range from 17.20% to 48.00%.

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	The personal loans interest rates range from 17.20% to 29.90% depending on small, medium, or large amount loans.
Establishment Fee	The establishment fee varies from $0 to $771, depending on the type of loan 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, depending on the type of loan i.e small amount loan, medium amount loan, or large amount loan

How Fair Go Finance Personal 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.

Make sure to maintain a sufficient balance in your bank account on the due date to avoid Direct Debit Dishonour Fee or NSF (Non-Sufficient Funds).

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.

Is Fair Go Finance Safe and Legit?

I must say yes, it’s a legitimate online loan provider to the people of Melbourne, Brisbane, Sydney, Adelaide, and Perth in Australia. It is changing the way people choose personal loans.

Fair Go Finance is a member of the National Credit Providers Association and the Australian Institute of Credit Management which makes it a more trustable, lender.

Moreover, It has a long experience in the loan business as it is providing a loan to customers since 2008.

It has also won the 2020, Australian Small Business Champion Awards.

As an organization Data prevention is a fundamental thing for Fair Go finance. it is securing much of the information by storing it in electronic form.

Also when you use internet banking credentials, the transit of the details will happen in encrypted form and are stored securely after that.

After going through the above facts one can consider fair got finance as a secure and legit platform for online loans.

Fair Go Finance Personal Loans Pros & Cons

Pros	Cons
Loan application approval and funding of the loan amount is really quick.	High-interest rates may apply if the credit score is poor or bad.
Various options are available for loan repayment.	Establishment fees, monthly fees are there. other fees may be applicable.
Flexible repayment terms.	A minimum income of $500 is required per week.
Requirements can be qualified easily.	You can not apply for a personal loan of less than $300.
The Loan Amount is High.
The interest rate is very competitive.

Fair Go Finance Loans Reviews & Feedback

Trustpilot shows 301 reviews on its website out of which 77% had excellent feedback. It also has a rating of 4.1 out of 5 which is Great.

It has tons of great reviews of the customers on its website.

Fair Go Finance Contact Details

Fair Go Finance Customer Support 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

This article contains Fair Go Finance Reviews | How to Apply for a Personal Loan with Fair Go Finance. I hope the analysis will help you to decide and choose the lender in a more efficient way.

Fair Go Finance is an online loan provider, if you need a loan urgently you can give it a try instead of visiting the bank that can take longer than usual.

It is advised to check all the fees and charges associated with Fair Go before coming to the conclusion. make sure you calculate the repayment amount including your fees and charges.

Read Also

FAQs

1: What is Fair Go Finance Customer Care’s phone number?

Fair Go Finance Customer Support Contact Number = 1300 324 746

2: How I will do my e-signature to accept the Fair Go loan contract?

a. Open and view your loan contract and payment plan using the link provided to you.
b. Once you are Ok to Proceed, go down to the next section called “eSign Your Contract.”
c. Check your mobile for a secure SMS verification code from Fair Go Finance.
d. Enter your verification code where indicated, click sign & continue.

3: Can I Repay my fair go finance loan early?

Yes, of course. there are no penalties or charges for doing so. moreover, it helps you to save on interest too.

4: How long does it take to approve the Fair Go Finance personal loan?

It takes just six minutes to submit an application. Once Fair Go receives all required documents and your loan contract is signed, you will get the loan within a few minutes.

5: What is fair go finance approval time?

Your loan will get approved within 24 hours if all the required documents have been submitted.

6: What is fair go finance business hours?