Is Fair Go Finance a good way to pay for medical procedures?

It's a last-resort option. Fair Go's comparison rates of 29.90–54.30% p.a. mean a $15,000 loan over 3 years can cost $10,000+ in interest. A broker-matched medical loan through CosmediLoans — even for borrowers with imperfect credit — typically comes in at half that or less. Check CosmediLoans' broker panel before committing to any high-rate lender.

Does Fair Go Finance accept bad credit for medical loans?

Yes, Fair Go Finance is one of Australia's near-prime specialist lenders and explicitly accepts applicants with past credit issues. CosmediLoans' panel also includes near-prime specialists who often offer better rates than a single subprime lender because they compete for your application.

How fast is Fair Go Finance?

Fair Go returns automated decisions in minutes and can fund the same day. CosmediLoans provides same-day decisions with funds in 1–3 business days. The time difference rarely matters for elective medical procedures that are booked in advance.

Will Fair Go's rate drop if I have good credit?

Fair Go's advertised rates start at 29.90% p.a. even for strong credit on their small-loan products. If you have strong credit, a mainstream or specialist medical lender on the CosmediLoans panel will almost always beat Fair Go's rate by 15–20 percentage points.

What's the real cost difference on a $10,000 medical loan?

Over 3 years: at Fair Go's ~30% p.a., total interest is around $5,000 (≈$425/month). Through CosmediLoans at ~8% p.a., total interest is around $1,300 (≈$315/month). Same loan, $3,700 difference.

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CosmediLoans vs Fair Go Finance: Medical Loan Comparison

Last reviewed: 24 April 2026

Quick Verdict

Fair Go Finance is an Australian near-prime lender offering personal loans up to $20,000 over 12–36 months, with rates typically from 29.90% p.a. and comparison rates that can exceed 50% p.a. CosmediLoans compares 20+ medical-friendly lenders with rates from 6.99% p.a. over terms up to 7 years for amounts up to $100,000. Fair Go's speed and acceptance of imperfect credit are its advantages; for any procedure above $2,000 that you'll repay over more than a year, the total interest difference is typically several thousand dollars.

Feature Comparison

Feature	CosmediLoans	Fair Go Finance
Maximum Amount	$2,000 – $100,000	$500 – $20,000
Interest Rate	From 6.99% p.a. (personalised)	From 29.90% p.a. (comparison up to 54.30%)
Repayment Term	1 – 7 years	12 – 36 months
Lender Options	20+ lenders compared	Single lender (Fair Go only)
Approval Speed	Same day	Minutes (fully automated)
Credit Profile	All profiles via panel specialists	Near-prime / subprime focus
Credit Check	Soft pull (no impact)	Soft pull for quote
Best For	Any medical procedure above $2,000	Small emergency loans for borrowers declined elsewhere

How CosmediLoans Works

CosmediLoans' broker panel includes near-prime specialist lenders who typically offer better rates than generalist subprime lenders. One soft-check application compares 20+ offers. The broker explains total cost over the term — not just the monthly repayment.

How Fair Go Finance Works

Fair Go Finance is a near-prime direct online lender offering fast personal loans for borrowers who don't fit mainstream bank criteria. Decisions are typically returned in minutes with funds available quickly. The rates reflect the higher risk profile, with comparison rates frequently exceeding 50% p.a.

Who Should Use Which?

Choose CosmediLoans If…

Your procedure costs more than $20,000
You want a rate below 15% p.a.
You'd prefer a term longer than 36 months
You want a broker to check whether a near-prime specialist will approve you at a better rate than Fair Go's headline

Choose Fair Go Finance If…

You've been declined by mainstream and near-prime lenders and Fair Go has pre-approved you
You need a small amount (under $10,000) very quickly
You can repay inside 12 months to minimise interest exposure

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