CDFI.AB

  

Fair Loans brings you a personal loan with a low interest rate

Fair Loans is a not for profit alternative loan provider with fair and affordable interests rates.

Through CDFI.AB Fair Loans provides an alternative to finance companies who charge very high interest rates for Australians who don't have access to mainstream credit. We believe that all Australians deserve access to credit at fair interest rates. CDFI.AB offers the 'Muru (Pathway) Loan', which provides fair loan interest levels to the indigenous community, and assists them to establish a credit history, enabling them to gain access to main stream finance, should they desire it.

We also provide free financial resources online and a telephone based Money Mentoring service for all our customers.

Fair Loans difference

  • People with a poor credit history are able to apply for a loan
  • We are a not for profit organisation, - you get fair treatment
  • Your annual Net Household income must not exceed $50,000 (no dependants) or $60,0000 (1 or more dependants)
  • When you borrow $1,000 your total repayment over 12 months is $1,199.50 which amounts to an (AAPR of 35%*).
  • Fair loans is supported by the National Australia Bank and Department of Families, Housing, Community Services and Indigenous Affairs (FaHCSIA)*

Quick facts about our loan?

Below are list of a few basic facts about our personal loan.

  • When you borrow $1,000 your total repayment is $1,199.50
    (which amounts to an AAPR of 35%*)
  • You can borrow up to $3000
  • You need to pay a loan back within 1 year
    The loan term is 12 months and you can repay weekly, fortnightly or monthly

Are you eligible?

Please make sure that you are eligible to apply for a loan. It will save you time.

  • Australian citizen or permanent resident
  • Over 21 years old
  • Your annual Net Household income must not exceed $50,000 (no dependants) or $60,0000 (1 or more dependants)

Money Resources

Understanding Money
Find a Financial Counsellor
National Association of Community Legal Centres
Consumer Information
Indigenous Consumer Assistance Network
NSW Consumer Credit Legal Centre

More Resources
*Fair Loans Foundation Ltd acknowledge funding providing by the Australian Government through the Department of Families, Housing, Community Services and Indigenous Affairs for the development of financial products or services delivered through the CDFI pilot project.
The Commonwealth of Australia does not endorse or support any of the products or services that have been developed by Fair Loans Foundation Ltd. The Commonwealth of Australia disclaims all liability to the fullest extent permitted by law for all losses, costs and expenses caused by use or reliance (including misuse) on financial products or services.