Good to Go Loans is a money lender based in Sydney that provides small amount credit contracts, payday loans, and bad credit loans with a credit limit of up to $30,000. They offer personal lines of credit, as well as car and business loans.
However, before choosing a loan, you may want to review their loan options, fees, terms, and other important details to better understand them.
In this article, we’ll provide a comprehensive Good To Go Loans review, covering eligibility criteria, the application process, and other key features.
How do Good To Go Loans Work?
Good to Go Loans offers short-term loans from $500 to $30,000 with repayment durations from six to twenty-four months. These loans are categorised as Small Amount Credit Contracts (SACCs) and are subject to specific credit contract provisions and regulations. They also offer Medium Amount Credit Contracts (MACCs) starting from $2,001 to $5,000. Loan repayment terms range from six to twenty-four months for both.
Eager to know about same day loans? Get further information about same day loans for people with bad credit from this article.
Who is Eligible to Apply for a Loan with Good To Go Loans Reviews?
Good To Go Loans considers a range of eligibility criteria when assessing loan applications, including credit history, stable income, and employment status. Some of them are:
You need to be an Australian citizen or hold a permanent resident visa.
You must be at least 18 years old to apply for a loan.
You must have a regular and stable source of income. This can be from employment, self-employed income, government benefits, Centrelink benefits, or other forms of income.
You’ll need to provide your bank account details and bank statements to assess your income and spending habits.
You should have a valid email address and contact number for communication purposes.
Good To Go Loans usually provide loans for people with bad credit. But they will still consider your credit history as part of the application process. They may also access your existing financial commitments to ensure the loan will not put you in financial hardship.
How to Apply with Good To Go Loans?
The loan application process is straightforward, and applicants can apply online or through the Good to Go Loans website. Here are the two simple steps in the process:
Fill out their online application form, which may take a few minutes to complete.
They’ll then run a background check, including going through your bank statements.
That’s it! You may see the money transferred to your account once all procedures are complete and the loan is approved. However, they may charge small fees for their services.
How Much Do the Loans from Good To Go Loans Cost?
The company provides transparent information about loan costs and fees, making it easy for applicants to compare loan options and make an informed decision.
Typically, for small loans ranging from $500 to $2,000, an establishment fee of 20% of the loan amount applies, along with a monthly fee of up to 4% of your loan amount.
Whereas for medium loans ranging from $2,100 to $5,000, an establishment fee of $400 and an interest rate of up to 48% p.a. applies.
What are the Features of Good To Go Loans?
Good to Go Loans offers a range of loan features, including flexible repayment terms and early repayments without penalty. They also have a competitive interest rate, and the establishment fee is lower than that of many other payday lenders.
Quick approval process: Fast and simple application with quick decisions and efficient service
Flexible loans: Various loan types to suit different financial needs
Consideration for bad credit: More accommodating to borrowers with poor credit histories
Small to medium loan amounts: Suitable for urgent financial needs
Suitable repayment terms: Flexible repayment schedules for comfortable repayment
Online application: Convenient 100% online loan applications
Personalised service: Assistance to find a suitable loan plan and expert advice
No hidden fees: Transparent costs with no surprise fees
Financial Ombudsman Service: Consumer protection if complaints aren’t resolved
What About Good To Go Personal Loans?
Good to Go Loans mainly provides personal loans to meet the needs of people in different situations. The company is a reputable lender dedicated to helping people with poor credit by conducting quick background checks and offering short-term financial support. Additionally, they offer no-interest personal loans to Centrelink recipients.
Personal loans with durations ranging from six months to two years are available from Good to Go Loans, with amounts ranging from $3,000 to $30,000.
Does Good To Go Offer Car Loans?
Good to Go Car Loans provides auto financing to customers, including those with poor credit. To meet customers’ needs, the loan service offers:
Car registration loans near me
Both secured and unsecured financing options for new and used cars
Auto repair loans with a simple and fast application process
Low-doc auto loans with quick verification, reducing paperwork and delays
Looking for funds to help cover car registration costs? We dive deep into it in this article.
Does Good To Go Offer Business Loans?
Good to Go Loans provides a variety of business loans under specific circumstances, allowing companies to access more money when needed.
Among these are bad credit loans for business, which assist companies with less-than-ideal credit histories by giving them the opportunity to obtain essential funding despite past challenges.
Payroll cash advances are another type of business loan that can be a useful tool for managing payroll effectively.
Know more about business loans from this article.
Does Good to Go Loans Accept Applicants with Bad Credit or on Centrelink?
Good to Go Loans conducts credit checks in line with Australian responsible lending laws and Australian Securities regulations. They consider an applicant’s current financial situation and assess various other factors to determine eligibility. Good to Go Loans may consider applicants for funding even if they have a less-than-perfect credit score or receive Centrelink payments.
How to Manage Loan Repayments with Good To Go?
Good to Go Loans offers flexible repayment terms, with options for weekly, fortnightly, or monthly repayments. Their online system makes it easy for borrowers to manage their loan repayments, with options for early repayments and payment extensions.
Borrowers can access their loan account online, and the company provides regular statements and updates to help borrowers stay on track.
What if I’m struggling to repay?
Good to Go Loans has a range of options for borrowers who are experiencing financial difficulties, including payment plans and hardship assistance. Their loans team may provide support and guidance to help borrowers manage their loan repayments and get back on track.
What are the Alternatives to Good To Go Loans?
As an alternative, you may use Monzi Loans.
We’re a lender-finder service that may match you with a lender best suited for your requirements. Our simple online application may allow you to apply quickly and conveniently from anywhere, making it easier to get funds without complicated paperwork.
Why Us?
We are an online service that may help you find fast, small, instant, and personal loans, including those for bad credit. While we can’t guarantee approval, you may be matched with lenders who may help you access funds when you need them.