Frequently asked questions

We can generally lend between $2,000 and $500,000, depending on your security and situation.

We'd like to think it's friendly and much quicker service - you won't wait 6 weeks for your money to be approved at Fico Finance. Once we have your completed application form we can approve your loan in minutes and have money in your bank within 24 hours usually.

Yes, you can pay your loan back at any time.

If you are 18 years old and you want to borrow money from Fico Finance then you must have someone who is prepared to act as a guarantor for your loan. As the name suggests, a guarantor is someone who will guarantee to repay the loan if you are unable to. The guarantor must be either your father or mother, or your brother or sister. They must have a good credit rating and be at least 25 years old.
 
If you ask someone to act as a guarantor for your loan, make sure you explain to that person that he/she is equally responsible for the loan and will be called upon to make payments if the loan goes into default.

Our rates vary considerably depending on the security you can offer for your loan and the circumstances. Our highest rate is 19.95% but talk to us and see if we can do better for you. And don't forget, if you're a local, you'll get big discounts off your loan fees and rate.

Yes, and we also offer mortgage finance. We will look at any borrowing situation on its merit, so please give us a call to discuss your needs and see if we can assist you.

No, as long as you can prove that you can afford the repayments.

Yes, it's possible because we'll look at the all the circumstances around why you may have a bad credit rating, and make an assessment based on your current situation.

If you have any complaints, we would welcome the opportunity to discuss them with you. Please give us a call and ask to talk to Scott Dodd.

Fico Finance is also a member of FSCL - Financial Services Complaints Ltd, which is an independent dispute resolution scheme approved by the Minister for Consumer Affairs under the Financial Service Providers (Registration and Dispute Resolution) Act 2008. FSCL provides dispute resolution services to participating financial service providers (FSPs) and their clients. Click on the FSCL link at the bottom of this page for more information.

No, we require security for all Fico Finance loans.