The application process for all Fair Go Finance products is done online. It should take you no more than 5 minutes to complete the online application and receive a preliminary assessment. You only need to provide your income and expenditure information, basic identification and bank account information. Your preliminary evaluation result will immediately appear on your screen when you press the submit button.

To be eligible, you must meet the following criteria:

• You are 18 years of age
• You are a citizen, permanent resident, on a working visa, or on a sponsorship visa in Australia.
• Your weekly earnings exceed $500.
• You are not on probation and work on a casual, part-time, or full-time basis.

You will need to provide the following personal details and required documents during the application process:

• Documents of identification: Information from your Medicare card or driver’s license.
• A document containing your address: A utility bill or a rent stub that confirms your residence.
• Information about your online banking: Fair Go Finance will be given read-only access to the past three months of your financial data.
• Financial and employment information: Information about your income, assets, obligations, and job condition, including payslips

Because the loan application procedure is entirely online, you do not need to produce any paper copies of your documents. For example, the lender provides an online bank statement service called bankstatements.com.au to assist you in submitting your bank statements quickly and conveniently throughout the application process. This allows the company to safely view 90 days of your bank statements in a read-only format, ensuring that your money is protected. Because of its 256-bit data encryption, this service is quick and safe. If your loan is conditionally accepted, Fair Go will send you an SMS message with a unique code that you can input directly into the page to accept the offer.

It usually takes 24-48 business hours for the loan to be finalised and funds released. Fair Go Finance uses Real-Time Funding to have cash sent to your bank account in less than a minute. If your bank participates in the Split Payments technology, you may expect to receive your loan money within the day.

One of the notable loan product features of all Fair Go Finance Loans is the quick application process and quick turnaround time for preliminary assessment. To manage your expectations, the company provides a 5-6 minute initial assessment based on the information you provided through the website. Final results of the loan are also released within 1-2 business days, with the loan proceeds credited real-time (if the borrower’s nominated bank supports Split Payments technology).

Repayments are made through a direct debit arrangement with your bank. The entire application process is 100% online, with document signing made using unique SMS codes. As part of this direct debit process, you may need to supply Fair Go Finance with your internet banking details.

The company provides alternative repayment options for individuals experiencing difficulties paying off loans.

Funds are provided to borrowers with both good and bad credit. You may apply if you have a bad credit history as long as you’ve not filed bankruptcy in the recent 12 months.

Lastly, Fair Go operates a ‘Mates Rates’ program where returning customers get up to $453 additional loanable amount on their second loan.