Taking out a loan is a serious financial commitment, and it’s essential to ensure it’s the right choice for your situation. Borrowing money can be expensive, and it might not always resolve financial challenges.

At this time we do not have any loan options regarding non-Australian and New Zealand residents. We do not offer borrowing amounts of $0 to $5000.

LOW CREDIT / BAD CREDIT SCORE RESPONSE:

FinanceFlow maintains a partnership with specialised service providers to offer assistance to both individuals and businesses seeking support with Low Score Credit Finance. These expert partners deliver tailored solutions to help clients pursue financial opportunities that may otherwise be unavailable due to credit history challenges.

Engagement Fee Structure

To initiate discussions with these specialist providers, clients may be required to pay a one-time engagement fee. If a successful settlement is achieved, FinanceFlow will fully reimburse this engagement fee and credit the client with an additional $ bonus rebate. However, if a client chooses not to continue after payment and engagement with the specialist providers has commenced, the engagement fee will be forfeited.

Loan Security and Guarantor Requirements

Clients will need to provide a guarantor or security in order to secure a loan through this partnership. If the loan application or settlement process is delayed by 6 to 12 months, the original engagement fee remains valid. FinanceFlow will re-engage its specialist providers when the client is ready to proceed, ensuring ongoing support throughout the process.

Rapid Resolution of Debt-Related Issues

Our partner is able to resolve debt-related matters efficiently, including support for entities that have previously been declined by other lenders. Typically, these solutions can be delivered within one (1) business day, helping clients move forward quickly with their financial goals.

Explore Alternative Solutions:

Speak with a free and independent financial counsellor by calling 1800 007 007 anywhere in Australia for guidance on managing bills and debts.

Contact your utility providers (electricity, gas, phone, or water) to discuss potential payment plans.

If you receive government benefits, consider applying for an advance payment through Centrelink. Call 13 17 94 to find out more.

Visit the MoneySmart website https://moneysmart.gov.au/ for practical advice on small loans and alternative financial solutions that might better suit your needs.

Loan Details and Terms:

There are partners that do provide Small Amount Credit Contracts (SACC) and Medium Amount Credit Contracts (MACC).

SACC loans: Up to $2,000, with no annual percentage rate (APR). Maximum charges include a 20-25% establishment fee and a 4% monthly maintenance fee.

Example: Borrow $1,000 over 30 weeks. Total repayable: $1,480 ($1,000 principal + $200 establishment fee + $280 fees). Weekly repayments: $49.33.

MACC loans: From $2,001 to $5,000, with an APR of 48% per annum.

Example: Borrow $2,500 over 30 weeks. Total repayable: $3,331.80 ($2,500 principal + $400 establishment fee + $431.80 interest). Weekly repayments: $111.06.

Additional Information:

SACC and MACC loas are available at participating partners only. These loans incur additional broker fees, high interest rates and lengthy repayment terms.

Before proceeding if seeking a SACC or MACC loans, please consider if it is the right option for you. If you believe that a SACC or MACC loan is the right fit, please continue to complete your details here.

SACC and MACC Loan outcomes, if assessed and approved, may typically occur within the same business day of application submission but may vary. Our reference partners upon contacting you, can provide more information.

This information is provided to meet Australian Government requirements under the National Consumer Credit Protection Act 2009.

Any concerns, queries or requests?

Should you wish to discuss a breach of your privacy or any aspect of this Policy, please forward your request, complaint or query by email to the contact person set out below. We shall endeavour to respond as soon as possible.

Compliance Manager

[email protected]