What is a Bad Credit Loan?

Loan Man
  • A bad credit loan is specifically for applicants with bad credit
  • We offer bad credit loans from $500 to $5000
  • A bad credit loan can assist towards rebuilding your credit history
  • It can be used for any personal use such as bills, furniture and debt consolidation
Apply Now

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


Easy application and fast loan process


Clear instructions on what documents to provide


Fast transfer of funds upon final approval

If you have any queries about our online bad credit loan, please call our customer service centre on 1300 324746 during business hours – we are here to help.

Our loan range caters for both good and bad credit applicants – to apply click here.

We fund small and medium personal loans up to $5000, and source customer’s larger personal loans up to $50,000 where they meet a lender’s criteria.

Small Loans Pricing

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.

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

Once you have demonstrated a good repayment history on your first loan we will reward you 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 $1000 $2,000 $50 0% YES
Medium Amount Loans $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).

What Is A Bad Credit Loan? Click here.

Benefits of a Bad Credit loan with Fair Go Finance


Apply Online & Sign Online

Our easy application process allows you to apply online and sign online using eSign if conditionally approved. The loan offer is e-mailed to you and will give you an indication of how much you may be approved for - subject to formal assessment.


No early pay out fees

At Fair Go Finance you only pay interest until the day you fully repay the loan. This can save you hundreds of dollars if you pay it out early.


Establish your credit history

By paying your personal loan back in line with your repayment schedule, you establish a repayment history with Fair Go Finance that can help when you next apply for a loan.

Our Bad Credit Cash Loans are available to Aussies who have a bad credit report. If you have any of the following listed on your credit report, we may be able to assist you, subject to our policies and guidelines.

• Paid defaults
• Unpaid defaults
• Bankruptcy or Part IX Debt Agreement (where you entered into bankruptcy over 12 months ago.)

If you are successful in applying for a bad credit loan with us, then it can be the first step towards re-establishing your credit history as long as you make the required payments on time. This will help you build a positive credit rating if you need to borrow again with us in the future.

Who is this product for? People who have a bad credit history (subject to our policies and guidelines) and who need funds for personal use.
Am I eligible to apply? You need to be at least 18 years of age, a permanent Australian resident, and in regular paid employment to apply.
How much can I borrow? $500 to $5,000
What repayment terms are available? 3 to 12 months. Repayment terms will vary depending on each applicant’s financial situation.
Loan types available Fixed
Lender Fair Go Finance
Apply Now
Woman and Baby Image