Frequently Asked Questions

A bond loan is a personal loan that can be used to pay a bond, to pay rent in advance or to cover the costs of moving. Bond loans are funds that can be transferred directly to you, so you can control where and when the funds go, or we can transfer the funds straight to your rental bond agent. The choice is yours.

Yes, you can use the funds from your bond to repay your bond loan early. We don’t charge early payout fees so you can repay your loan as quickly as you like. If you pay your bond loan off within 21 days, we won’t charge you any interest!

Yes! We can pre-approve your bond loan so you can find your new home, sign the lease and organise your move knowing you can access the loan funds when you need. If your pre-approval gets close to expiring, please get in touch so we can discuss your options to extend your pre-approval offer.

Yes! We can help you if you have bad credit. If you have adverse items on your credit report (like a credit default or missed bill payment), you’re still welcome to apply with us.
We will review your credit report and your current circumstances to assess whether we have a bond loan suitable for you. Our aim to is help our customers improve their credit scores by offering loans that are affordable, allowing them to easily access more funds in the future.

Yes! Whether you’re moving in with other people, or out from other people, you can get a quick bond loan. The details of your new lease will need to be verified and you’ll be good to go!

There are government run bond loans. You will need to contact your relevant State Government to learn about the loan limits and eligibility criteria.

You will pay less interest if you payout your bond loan early. The amount of interest you’re charged depends on how long you have your loan. The shorter your loan term, the less interest you pay. When you get a bond loan with us, you won’t be charged any early payout fees too.

You’ll be sent a loan statement via email every month so you can track your progress. If you want to payout your bond loan, simply email or call us and we can provide you with the exact payout figure.

You can! When you finish paying off your rental bond loan, you can establish a positive credit history with us. And with this positive history, you can apply for a new personal loan and access better rates and fees. Plus, we already have your loan information, so your application will be processed even quicker.

There are a few reasons why your application may have been unsuccessful. Generally, loans can’t be offered if the required repayments appear to be unaffordable, there is poor bank account conduct, or a credit check has revealed high-risk listings.

It’s a good idea to check your credit report to see if there are any problems or issues with it. And before you apply for another loan, please read this blog on what you should do if your loan is declined.

Before you take out a bond loan, you need to be aware of the total cost of credit. The total cost of credit is the total costs of the loan, which include the interest rate, the establishment fee, the amount you receive to use, and any other ascertainable fees.

Our establishment fees and interest rates vary depending on the loan amount you borrow and your credit score. These will be outlined in your bond loan contract if you are approved. If you’re unsure about the total cost of credit, please ask your credit consultant to run through it with you.

You’ll be able to select your bank, and login to your usual internet banking. Once logged in, 90 days of your most bank account history can be provided directly to us with read-only access. This allows us to assess your loan ever quicker.

As a responsible lender, we need to verify your income and expenses to ensure we give you a loan you can afford to repay. Bank.statements.com.au permits read-only access for the last 90 days of transactions on your account. Your details are securely encrypted, and we do not have the ability to access or manage your account in any way. All data is handled securely in accordance with the Privacy Act (1988), here is our privacy policy and bank.statements.com.au’s privacy policy.

When you enter your banking details, they are immediately securely encrypted. No one can access them or see this information.

We are only given read-only view, so your income and expenses can be confirmed against what was listed on your application.

This information is used to assess your affordability. It is then kept on your customer file. You can request to access your file at any time.

No. This secure service forms part of our application process. Unfortunately, if you don’t wish to provide your bank statements this way, you will not be able to apply for a Bond loan with us.

If you have any questions, please call us on 1300 324 746 or email us at info@fairgofinance.com.au. All rental bond loans are provided by Fair Go Finance.