$500 - $5000
between $500 - $5000
up to 180 days
20% upfront establishment
fee 4% monthly fee

Small LOAN

Loan amount from $500 to $2000
Minimum 91+ days to Maximum 6 months
20% Establishment Fee and a flat 4% Monthly Fee*


Loan Amount of $1,000 over 20 weeks repayable weekly. $1,000(Principal Amount) + $200(20% Establishment Fee) + $200(fees based on 4% per month over 20 weeks) = $1,400 total repayable in 20 weekly repayments of $70.00.

*The example assumes timely repayment as per the loan agreement, or additional fees and charges may apply.


Loan amount from $2001 to $5000
Minimum 91+ days to Maximum 2 years
$400 Establishment Fee plus interest at 47.8% p.a. (Comparison Rate 66.58% p.a)*


Loan Amount $2500 over 2 years repayable fortnightly. $2,500 (Principal Amount) + $400 (Establishment Fee) + $1553 (Interest) = $4453 total repayable in 52 fortnightly instalments of $85.63

*The comparison rate is specific to a $2,500 loan over a two-year term with a $400 establishment fee and fortnightly repayments. Any deviation in loan amount, term, or additional fees and charges can result in a different comparison rate, and the given comparison rate only applies to the presented example.

What’s your worst-case scenario if you’re looking for bad credit cash loans? 

If you immediately thought of long waiting periods paired with exhaustive documentary requirements, then you’re not alone. Many borrowers struggle with the complex requirements involved with many mainstream or traditional lending places, and that’s before counting their credit scores into the mix.

And if you have a less-than-stellar score? Your chances of getting approved are even lower.

Fundo agrees that you deserve a fair chance at small quick loans for bad credit. This is why we’ve made our application process simpler and more accessible, as well as expanded our range of approved borrowers to include individuals with seasonal employment or poor credit scores.

That being said, there is some basic information you’ll want to read through first before filling out our application form. Let’s talk about them.

Can online cash loans help me build a better credit score?

With responsible management and due diligence, online cash loans can greatly help your credit score.

There are several ways in which your loan habits affect your credit score. Defaulting on or failing to repay your bad credit online loans on time, for example, will negatively impact your credit score as well as look terrible on your credit history report.

The good news is that you can improve your score through small, short-term loans. Some lenders specialise in bad credit cash loans to help you with your score, and while Fundo isn’t such a lender, we do offer loans to a wide range of borrowers.

If you’re curious whether or not you qualify for an application, below are the criteria we look for in applications:

  • You must be at least 18 years old when you apply.
  • You must be an Australian citizen or permanent resident.
  • You must be earning at least $300 a week (excluding any government benefits).
  • You must have a clear and demonstrable plan for repaying your Fundo loan on time.
  • You won’t be under undue financial pressure by taking on a Fundo loan.

Meeting these requirements does not guarantee your application for a cash loan instant approval, but it does help greatly towards a positive assessment from our loan consultants, who are in charge of reviewing applications.

Similarly, we encourage our borrowers to have an income separate from their government allowances, concessions, or pensions. This is because we might ask you to reapply later if your application doesn’t meet our minimum income requirement.

If you have any questions about these criteria, don’t be shy about asking our friendly customer support team. You can reach us from Mondays through Fridays, 9.00 a.m. to 6.00 p.m., and Saturdays, 9.00 a.m. to 5.00 p.m.

Do I need collateral for bad credit loans online?

To understand what collateral is, let’s talk about personal loans first.

The small, short-term loans offered at Fundo are a type of personal loan, which in turn are intended for small personal or individual expenses. Personal loans can be further classified into two camps: secured loans, which require an asset to be secured (also known as collateral), and unsecured loans, which do not.

If you’re looking for bad credit cash loans, check out our offers at Fundo. Our loans are unsecured personal loans with flexible repayment terms. Plus, we regularly work with borrowers with complex financial situations, so feel free to reach out to know your options.

In sum, you don’t need collateral for most of our bad credit cash loans. If you meet our eligibility criteria, then you have as much of a chance of getting approved for a 2000 dollar loan as the next approved borrower.

Another way in which we encourage fairness is through our Fundo Credit Score. This unique scoring system is separate from your credit score assigned by reporting agencies like Equifax, Experian, or illion. You can easily interact with the Fundo Credit Score to increase it. By referring Fundo to friends and family or leaving us feedback on your experience borrowing with us, you earn points towards your score.

The higher your score, the better your application’s chances of approval – and best of all, you also earn points when you repay your loans on time or earlier.

We encourage you to take advantage of this feature when you can.

Is the process for bad credit cash loans more complicated?

At Fundo, your application for bad credit cash loans is treated no differently from applications submitted by borrowers with stellar credit scores. We believe in giving everyone fair chances, and this is just one way we practise this belief. While Fundo does perform credit checks, it’s only one minor part of the process – your creditworthiness isn’t determined by it.

That being said, there are some points that we need to raise.

We do not guarantee or promise instant payday loans. Rather, we offer possible fast loan approval as well as same-day fund release for eligible applications.

On that note, our processes are separate from your nominated bank’s processes. If we’ve notified you of your bad credit cash loan release and the amount hasn’t been reflected yet in your account, please contact your bank representative first. Don’t worry – we’ll do our part to help ensure that you’ll get your funds on time.

If you’ve been looking for quick short term loans, weekend loans, or bad credit cash loans, then you’ve found a great place to end your search. Apply for a quick fast loan here at Fundo today!

This article is for informational and entertainment purposes only and shouldn’t be construed as financial advice or recommendation. We reserve the right to change our commentary, views or opinions featured in the article without notice.