CosmediLoans vs Fair Go Finance: Medical Loan Comparison
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
Check your quote before choosing Fair Go Finance
Send through the treatment amount when you are ready. A broker can compare lender options before you commit to a clinic plan, BNPL option or credit card balance.
Check options for my quote
No impact to your credit score · Takes 60 seconds