Personal Loans: Why do you need to provide bank statements?
When you apply for a personal loan, or any other loan, are you curious as to why lenders ask for your bank statements? The truth is your bank statements provide
Read MoreLearn how (and why) we request access your bank statements for your personal loan.
We use the services of Illion Bank Statements during your loan application. Electronically submit your statements and speed up the loan process in a safe, secure way.
We answer all your questions about the bank statement service below.
These details are used to directly connect to your bank so you can provide us with three months of bank statement history. This helps to provide you with a loan outcome. The details you enter are immediately encrypted using 256-bit encryption with 2048-bit keys. The data is securely handled in accordance with the Privacy Act (1988) (Cth), our privacy policy and Iillion Open Data Solutions Pty Ltd trading as BankStatements.com.au (ABN 89166277845) privacy policy, which you can access here.
Nobody. Your internet banking details are immediately encrypted and can’t be accessed by anyone.
After entering your login details, they’re immediately encrypted by our partner, Illion Open Data Solutions Pty Ltd, trading as BankStatements.com.au (ABN 89166277845), and securely discarded.
We use the read-only bank statements to determine your suitability for a loan, and we may store them to help with managing your credit and assessing any applications you do with us in the future. Illion Open Data Solutions Pty Ltd trading as BankStatements.com.au (ABN 89166277845) may use, disclose, sell, license, reproduce or distribute data and transaction Information, but only in a form that doesn’t contain your personal information.
The provider of this service, illion Open Data Solutions Pty Ltd, trading as bankstatements.com.au, is an Australian business that currently provides its technology to thousands of lenders and brokers in Australia and New Zealand. To learn more, read Online Bank Statements: Your Questions Answered.
Call us at Fair Go Finance at 1300 324 746 or email us at apply@fairgofinance.com.au if you have questions or concerns. Or, contact Illion Open Data Solutions Pty Ltd, trading as BankStatements.com.au (ABN 89166277845), located in South Australia. Their contact number is (08) 7122 9452, or you can email them at hello@bankstatements.com.au.
Ready to get started?
With no early payout fees, our flexible range of online loans are perfect for the changing needs of hardworking Aussies. And because our rates are personalised, they’re highly competitive, whatever your credit rating.
All it takes is 6 minutes with our secure online application form.
If approved, accept your offer signing online with a secure SMS code.
Your funds are transferred as cleared funds so you can start using it sooner.
If you need a little help with anything, simply talk to our support team.