The Fair Loans Foundation
Fair Loans is a not for profit alternative loan provider with fair and affordable interests rates and Fees.Fair Loans provides an alternative to finance companies who charge very high interest rates for Australians who don't have access to mainstream credit. We believe that all Australians deserve access to credit at fair interest rates. We also provide free financial resources online and a telephone based Money Mentoring service for all our customers.CDFI’s provide credit or other financial services to disadvantaged or underserved populations typically on a not-for-profit basis with a social motive. CDFI’s are relatively under-developed in Australia but prominent in the US and UK.Traditional banks & mainstream financial institutions have raised credit thresholds and usually will not lend to individuals with an irregular credit history. In addition, the cost of administering loans of less than $5,000 prevents banks and credit unions from actively entering this sector.