FUNDO
LOAN EXAMPLE
Borrow
between
$300 - $2000
Pay over the duration of up to 180 days
20% upfront
establishment fee 4% monthly fee
Borrow
between $300 - $2000
Pay over the duration
of up to 180 days
20% upfront establishment
fee 4% monthly fee
Example:
Loan Amount of $1,000 up to 180 days repayable weekly (20 weekly repayments). $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 instalments of $70.00.
Under the current legislation, most small personal loan providers donât charge an annual interest rate (youâll know this as an APR %). The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on loans between $300 and $2000 is 199.43%. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Cash loans with bad credit
Getting a loan can be difficult at any time â but if youâve got bad credit, it becomes a massive headache! Putting up collateral, having to go through reams of paperwork and sourcing obscure documents â only to get turned away just because youâve previously had an issue? Here at FUNDO, we donât think thatâs fair.
Thatâs why weâre a leading provider of bad credit loans in Australia. At FUNDO, we know that mainstream lenders often disproportionately punish bad credit. They can add onerous lending conditions and restrictive terms â so even if you manage to get a loan, you can find yourself locked up with needless terms and conditions for far longer than necessary.
Thatâs why access to small loans for bad credit is so important â so if you need some fast cash, why not get in touch with FUNDO? If youâve previously been turned away from other lenders due to prior credit incidents, we offer same day loans of $300-$2,000 with near-instant approval.
Looking for a small bad credit loan? Look no further
We know bad credit isnât always the result of financial missteps. If youâre young and donât have much of a credit history â or if you havenât really needed to take out loans previously â you might be in a position where mainstream lenders are unwilling to take a âriskâ. The same goes for people who are self-employed or have seasonal income streams â when you donât fit the standard mould, securing finance can be a much trickier process.
But we think getting your hands on finance should be a much more straightforward process. Our loans contain virtually no credit checks and get rid of the excess hassle too. After all, you just want a quick bad credit loan â not a masterclass in red tape!
Turning bad credit loans into a good credit history
Borrowing from FUNDO can also help you build â or rebuild â your credit history. Peopleâs lives are storied, and a credit issue yesterday doesnât necessarily have any bearing on your ability to make repayments today.
Given the relatively small size of our loans â $300-$2,000 â theyâre a great way to meet cash shortfalls in the here and now, and are easy to repay. However, they can still clearly demonstrate that youâre a reliable borrower and responsible with cash.
Thatâs why for some people, bad credit loans can be a gateway back to mainstream lending. If you can demonstrate an ability to repay loans, mainstream lenders will be more inclined to consider your application in the future.
Get a bad credit loan online today
If youâre looking for small cash loans with bad credit and think FUNDO might be right for your needs, why not get your application started today?
Itâs easy to apply from your smartphone, laptop or desktop â and if youâve got all of your details ready, the whole process only takes about 3 minutes! Youâll discover whether youâve been approved almost instantly, and if you are approved, weâll transfer you the cash in about an hour.
Get started now â and if you have any questions, simply give us a call on 02 9066 9660 .
FAQs
keyboard_arrow_down Why should I choose same day small loans with bad credit with FUNDO?
At FUNDO, we understand how much of a pain it can be to get a small, short-term loan with flexible conditions. Thatâs why we provide straightforward fast cash loans that are open to almost everybody, even if you have previously had credit incidents. You can borrow anywhere from $300-$2000 â so why not get in touch today?
keyboard_arrow_down What type of bad credit loans does FUNDO offer?
Our bad credit loans all have minimal lending criteria, short repayment terms and are available for amounts between $300-$2000 . Theyâre designed to be easy to access, straightforward to repay, and help you meet short-term cash stopgaps.
keyboard_arrow_down How can I contact FUNDO if I have any questions about their quick loans for bad credit?
Just give us a ring! Call 02 9066 9660 and one of our friendly staff will be more than happy to talk through the process with you. We can also help you get started on an application, too.
keyboard_arrow_down What is the application process like to apply and get approved for a Same Day Loan Online with FUNDO?
Itâs easy â just fill out the application right here on our website. Once youâve got the necessary information, it only takes a few minutes. Weâll be able to tell you extremely quickly whether your loan was approved or denied. And if it was approved during business hours, we can generally transfer you the funds within an hour.
keyboard_arrow_down What is the application process like to apply and get approved for a same day loan with FUNDO?
We know that when you need cash, you want it in a hurry. Thatâs why weâve worked to make our application a smooth and easy process. When all of your information is at hand, the application itself only takes about three minutes. Weâre able to tell you almost instantly whether youâve been approved â and if you are successful, then the funds can be transferred within an hour. When you borrow with FUNDO, you can be sure that it will be as hassle-free as possible.