Frequently Asked Questions (FAQs)

To apply, you must be an Australian citizen or permanent resident, at least 18 years old, have a bank account and phone in your name, and possess a driver's license or 100 points of ID.

New clients must be employed and earn at least $700/week. We are unable to accept an application if you only receive Centrelink benefits.

Past clients are welcome to reapply regardless of meeting these criteria. 

You can apply online for any amount between $500 and $5,000. We welcome all applications and try to help everyone.

For loans up to $2,000, we charge an establishment fee and set monthly fees instead of interest. The maximum fees are outlined below:

For loans between $2,000 and $5,000, an establishment fee of $400 and a loan management fee of up to $399 apply. Our interest rates start at just 8.7% and go up to a maximum Annual Percentage Rate (APR) of 48% per annum, depending on the loan term and amount. The comparison rate is 66.25%*.

*The comparison rate for a $2,500 loan with a $400 establishment fee, 2-year term and weekly repayments is 66.25%. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Safe Finance does not offer a loan of $2,500 over a term of 2 years.

Loan cost examples

Let's say you need to borrow $1,000 for an unforeseen expense. You will be charged a one-off establishment fee of $200 plus a monthly fee of $40 for the term of the loan. The minimum loan term for a $1,000 loan is 26 weeks. So, in this scenario, the total expected repayment amount over 26 weeks would be $1,479.92 - this includes the $1,000 principal loan, a $200 establishment fee, and $279.92 in monthly fees.

If you need a larger loan of $2,100 over 40 weeks, the total repayment for a weekly payer is $2,999.20. This includes the principal loan of $2,100, a $400 establishment fee, a $399 loan management fee, and only $100.20 in interest.

In both these loan examples, you can save on monthly fees or interest by choosing to pay back the loan sooner.

Our loan terms vary depending on the amount borrowed. We offer a minimum and maximum term for loans up to $2,000, which can be found on our mini loan calculator and in the table below.

For loans greater than $2,000, we offer a 40-week term. There are no penalties for early repayment, and you could save on interest or fees.

Our loan calculator simplifies repayments by including all fees, charges, and interest options. Plus, early payouts are penalty-free.

No, applying for a Mini Loan is completely free. Fees are only charged if we approve and fund your loan.

You need to apply online, which only takes a few minutes. We will contact you during office hours to confirm certain details before finalising your loan application.

You may apply if you have some bad credit, but having multiple unpaid loan defaults or being in a Part 9 Debt Agreement may disqualify you.

If you are a new client and your only source of income is Centrelink benefits, we are unable to accept your application. However, we accept applications from new clients who receive wages and/or certain other payments such as DVA pension, Docs, or Superannuation Payments.

Yes, as part of the application process, a credit check will be completed.

Yes, to process your loan application, we need a secure copy of your read-only bank transaction history so we can assess your ability to repay the loan.

We will try our best to approve your loan application, but approval is not guaranteed. We consider affordability, credit history (some bad credit is still accepted), occupancy, employment, and your history of repaying other loans or credit.

We try to make the process fast. During our office hours, you generally receive a conditional answer within hours. Then, if approved, it depends on how quickly you sign and return your loan documents. Same-day funding is available.

Please ensure you adhere to the loan terms to avoid additional fees and charges, including dishonoured payment and default fees, as detailed in your loan contract. If you default on your loan, credit reporting agencies may be notified with advance notice given.

If you cannot make payments on a Mini Loan, we will attempt to negotiate a resolution before pursuing legal action. We use various methods, such as phone, mail, SMS, and email, to notify you of missed payments and to resolve any issues. Please note that loans are not automatically renewed, and a new application is required for any further loan.

As long as the vehicle is to be registered, we finance both new and used vehicles (all makes and models) from car dealers or private sellers.

We aim to process your application quickly. During business hours, you can expect a conditional answer within hours of us receiving your application and completing a credit assessment. If approved, it depends on how quickly you sign and return your loan and security documents. We can deliver them to you by email or express post. Same-day funding is available, but private sales may take longer.

If you only need to finance a vehicle and no other expenses, choose a Safe Motor Vehicle Loan. A Safe Mini Loan is designed for personal expenses.

Applicants must be 18 years or older, have their own bank account, and earn at least $700 per week. Past clients are welcome to reapply regardless of meeting these criteria.

We don't charge any upfront fees for applying. Our friendly consultants will process your application and discuss repayment amounts, interest rates, and all other fees and charges with you.

We require minimal paperwork and only need supporting documentation to confirm your information.

Factoring and Invoice Discounting involve purchasing debt owed to you, such as unpaid invoices. This can help to free up your cash flow instantly.

If you are a permanent resident of Australia, aged 18 years or older, and have a bank account and phone registered in your name, as well as a driver’s licence or 100 points of ID, you are welcome to apply.

For new clients, you need to be employed, and your take-home wage needs to be at least $700/week. We cannot accept an application if your sole source of income is Centrelink benefits.

The best way for you to apply is online (it only takes a few minutes). Then, to finalise your loan application, we will need to speak with you to confirm certain questions - so you will need to be contactable by phone during our office hours.

We will check your credit report, but we only retrieve a copy of your credit file as an access seeker, so enquiring for a bigger personal loan through us will not leave a credit enquiry on your credit file.

Yes, we need to assess your eligibility for the loan you are applying for against our panel of lenders and their requirements. To do this, we need to review your bank transaction history for the last 90 days. We’ll retrieve a read-only copy of your transaction history electronically and securely when you submit your application.

As a licensed finance broker, we do our best to submit your loan application to a lender who will likely approve your loan. However, we cannot guarantee approval in all cases. When looking to approve a loan, the lender will look at affordability (can you comfortably afford the repayments), your credit history (some bad credit is considered) and other things like occupancy, employment (if working) and your repayment history on other loans or credit.

Yes, we are a fully accredited finance broker so we can arrange personal and vehicle loans from various lenders with many different features.

As an experienced broker, we can save you time and effort when searching for a personal loan. We work with multiple lenders and can present you with options that match your requirements and objectives while looking to get you the best rate.

There are no upfront fees, so applying for a big personal loan costs absolutely nothing. If your loan is approved and funded, we charge a brokerage fee and may be paid a commission by the lender for our services. This will vary based on the loan amount and is detailed in our credit quote and proposal document.