Eligibility requirements for Good 2 Go Loans
☑️ Must be a permanent resident of Australia
☑️ Must be at least 18 years old
☑️ Must have a regular source of income
☑️ Must not be currently bankrupt
Documents required
📄 Valid photo identification (driver’s license or passport)
📄 Recent proof of residence
📄 Bank statements from the last 90 days
📄 Proof of income or payslips
The approval process depends on meeting these criteria, and the lender may request additional documents if necessary.
How to apply for Good 2 Go Loans
To start your Good 2 Go Loans application, visit the official website and complete the online form available 24/7. Make sure to provide accurate and complete information to avoid delays in processing.
After submission, the lender will review your details, and if approved, the funds will be deposited directly into your bank account. Keep in mind that approval is subject to assessment, and if declined, you may reapply after a certain period.
How to pay off your loans monthly installments
Repaying your Good 2 Go Loans is simple and convenient. Payments can be set up through direct debit, ensuring that your installments are automatically deducted from your bank account on the agreed-upon dates. It is advisable to align the due date with your income cycle to maintain financial stability and avoid late payment fees.
Fees and costs
The fees and costs for Good 2 Go Loans depend on the loan amount. For loans between $500 and $2,000, there is a 20% establishment fee plus a 4% monthly fee. For loans ranging from $2,100 to $5,000, a $400 establishment fee applies, along with an annual interest rate of up to 48%.
For example, borrowing $1,000 would incur a $200 setup fee and $40 monthly fees, while a $3,000 loan repaid over 12 months would have a $400 setup fee and approximately $947 in total interest costs, bringing the total repayment to $4,347. There are no application or early repayment fees, giving you the flexibility to pay off your loan sooner without extra charges.
A tip for your budget
To make the most of your Good 2 Go Loans repayment plan, consider scheduling your payments in line with your salary or Centrelink benefits. This way, you reduce the risk of missing a due date, which could lead to unnecessary late fees.
Additionally, paying more than the minimum required installment when possible can help reduce overall interest costs and shorten the loan duration.
Get started with Good 2 Go Loans today
Click the button below to visit the official website and start your Good 2 Go Loans application today. Secure fast approval and access the funds you need now!