$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.

In Search Of The Best Payday Loans? Consider Fundo Instead!

Picture this: it’s midway through the month and you’re faced with an urgent expense, but payday hasn’t arrived. Sound familiar? This may have been the moment you considered looking for the best payday loans around.

Ever wondered about their pros and cons? What pitfalls should you be watching out for? We’re about to learn about the initial appeal of payday loans, their potential consequences and another option you could consider – Fundo, a flexible and compassionate provider of small and medium personal loans.

The appeal of payday advances

What payday advances are

Payday advances, also known as payday loans or payday cash advance, are an option among those who are looking up ‘best payday loans’ in search of a quick financial solution for unexpected expenses.

These are short-term loans, usually due on your next payday. Some providers of 24-hour payday loans are able to collect repayments via salary deduction, whether in one go or over a period of instalments. These can vary depending on the lender.

Why some people may need payday loans

Life happens, sometimes unexpected expenses come up and you need funds quickly. This is the point where Australians may scour search results for terms like ‘best payday loan companies’ and ‘best payday loans for self-employed individuals’ hoping to find assistance.

However, there are some factors that you should keep in mind about payday loans.

Potential pitfalls of payday loans

Unmanageable repayments

Some lenders who claim to provide the best payday loans may present solutions that sound too good to be true and in many cases, they are. The tradeoff for fast approval payday loans is often strict repayment methods without flexibility or hidden fees that you don’t learn about until it’s too late. So much for finding the best payday loans with no hidden fees, right?

The limitations of secured payday loans

Some online payday lenders may lure you in with the promise of no credit check but require you to provide security for the loan instead. However, not everyone is in a position to provide loan security, which can leave some borrowers feeling trapped. In a financial crunch, what other options might one have?

You may want to consider borrowing from a compassionate and flexible lender, just like Fundo, instead of constantly searching for easy online payday loans or instant cash loans online.

The Fundo solution

For thousands of Australians, Fundo is the go-to site for fast, no-fuss loans online. With Fundo, you can wave goodbye to searching for ‘best payday loans’ or ‘payday loans weekend’ and say hello to our speedy, straightforward personal loans. We offer a wide range of unsecured loans to meet a variety of needs and you can apply online conveniently.

Open to borrowers with varied credit histories

Here at Fundo, we’re committed to responsibility in offering our cash loans Australia-wide. As part of that, we may conduct a credit check before approving an application, but this is just a minor part of our decision-making process.

Unlike some providers of fast payday loans, we are able to extend loans to eligible borrowers of varied financial histories because we consider your present ability to repay a loan, not just your credit score.

Loans made easy with Fundo

Simple requirements

Traditional banks may require tons of paperwork or other requirements, which can delay the arrival of your much-needed funds – and that’s if the loan is approved. Thankfully, our application process at Fundo is simple and easy to put together. To be eligible, you only need to:

  • be eighteen years old or older;
  • be an Australian citizen or tax-paying resident;
  • earn at least $1,000 per fortnight (government benefits included);
  • prove your ability to meet repayment deadlines; and
  • ensure that borrowing from us doesn't place undue financial pressure on you.

Instead of stressing out over the requirements of some no credit check emergency loans or quick cash payday loans, consider applying for a Fundo loan if you happen to meet the above criteria.

Smooth, stress-free processing

Rather than borrowing money before payday or looking up ‘best payday loans’, you can enjoy our fast processing times at Fundo. If you apply and get approved during our business hours – Monday to Friday from 9.00 a.m. to 6.00 p.m. and Saturday from 9.00 a.m. to 5.00 p.m. Sydney time – there is a chance that the funds can land in your account on the same day.

We also offer flexible repayment options to make managing your loan easier and more convenient.

Frequently Asked Questions (FAQ)

What’s the difference between a payday loan and an instalment loan?

Payday advance loans can provide you with a bridge between today and your next payday and some seniors, veterans, or students with jobs may consider this option.

On the other hand, instalment loans typically disburse funds as a lump sum that’s paid back over time. This may be an option for those who need help financing a big purchase, such as a much-needed appliance.

In some cases, though, the price for the convenience provided by short-term payday loans is hidden fees and strict repayment methods.

How do payday loans compare to credit card cash advances?

Credit cards typically come with a corresponding cash advance limit along with your regular credit limit. This allows you to withdraw cash using your credit card, just like you would with a debit card.

However, in many cases, the interest rates for credit card cash advances are higher than the interest accrued for using your credit card normally. The potential for unmanageably high interest rates is something that some payday loans and credit card cash advances have in common.

What should I consider before taking out a payday loan?

A very important thing to consider before taking out a payday loan, or any loan for that matter, is your current ability to repay. Even though your potential monthly instalments sound small, think about the fees and terms included in the loan. Also, should another unexpected event happen in your life, would you be able to continue comfortably making repayments, or would it put you in a tough spot?

These are some questions to consider so that a loan becomes a helpful thing rather than an added burden on your personal finances.

Fundo: your quick online loan experts

In today’s world, unforeseen financial needs can arise unexpectedly. Whether you’re facing an urgent purchase, an unforeseen expense, or simply need cash for a pressing matter, Fundo is here to help. We know – life happens. When it does, you deserve a reliable financial partner by your side.

Unlike the big, rigid banks, Fundo, as a private lending institution, offers a beacon of hope for those with less-than-perfect credit scores. Our prime focus is on delivering short-term personal loans and fast cash loans, ensuring you don’t remain stranded due to financial challenges.

Our customers appreciate our transparent model with no hidden fees, no misleading jargon and no confusing legal talk. Whether you’re looking for small or medium loans in Australia, remember: with Fundo, securing a quick online loan is just a few clicks away. Apply now!

Disclaimer: Please note that we do not offer ‘best payday loans’. At Fundo, we provide personal loans and may be able to help you, like the thousands of Australians we have already helped.

Unless otherwise specified, the opinions expressed in this article are strictly for general informational purposes only and should not be taken as financial advice or recommendations. Any views are subject to change without notice at any time.