When you’re facing surprise expenses, the last thing you want is to have to wait for business hours or complete piles of paperwork to apply for a loan. Unfortunately, this is a common scenario for many people who turn to traditional lenders, as many still have manual processes that take longer to complete. Now that you’ve found Fundo, you don’t have to search endlessly for ‘best quick loans Australia’ anymore.

At Fundo, we understand that when you need quick cash, you’d hate to be held back by cumbersome application processes. That’s why we offer a streamlined, fully digital process that allows you to apply for fast money loans online. Our approach is straightforward, so you don’t have to keep looking up ‘best quick loans Australia’ for other solutions. You can apply for loan online from your home within minutes. 

Now that you know more about the convenience and flexibility of Fundo’s small cash loans, you may have more questions related to ‘best quick loans Australia’. Luckily for you, we’ve answered them for you below, so read on if you need a loan. 

What determines the interest rate of loans online?

If you’ve looked up ‘best quick loans Australia’ before, you may also wonder what determines the interest rate of loans. The interest rate of online loans is influenced by factors like the borrower’s credit score, the type of loan, the loan term, and the lender’s conditions. Many traditional lenders base their loan decision solely on credit scores, leaving those with poor credit little to no options for borrowing.

But at Fundo, we believe in reviewing loan applications fairly and giving all borrowers a chance to apply for the financial support they need. While the credit score is certainly an important factor, we don’t rely on it alone when making our decisions. Instead, we take a more holistic approach to ensure that we are able to provide fair and reasonable loan options to all borrowers.

Not only that, but we value transparency and strive to be upfront and clear about the costs and terms of our loans. We use a smart user interface that provides an instant and clear breakdown of all the fees involved in a short-term loan, as well as the repayment details, so Fundo borrowers can feel confident that there are no hidden charges or unexpected fees.

How do I get a lower interest rate for my loans?

Many people looking up ‘best quick loans Australia’ are also particularly interested in finding a loan with a low interest rate. One strategy you can try to get a lower rate is to improve your credit score. A higher credit score may qualify you for lower interest rates, so it’s worth taking steps to improve your credit if you can. 

At Fundo, we are committed to helping our borrowers get the most suitable loan rates and terms for their situation. To do this, we have developed our own credit scoring system – Fundo Credit Score – which helps us get a complete picture of a borrower’s financial health. With this, we can make a fair assessment of their ability to repay a loan, allowing us to offer loan options that are tailored to each borrower’s unique financial situation, including competitive interest rates and flexible repayment terms.

The better your Fundo Credit Score is, the better your chances of getting approved for loans with Fundo in the future. You can actively work on improving your Fundo Credit Score by following a few simple strategies. For example, you can refer us to your friends, leave reviews, and limit your loans with other lenders. 

What are the best loans to get if I’m on benefits?

Some people looking up ‘best quick loans Australia’ also wonder what loan options are available to them if they are on government benefits. There are lenders who consider other factors besides just your credit score when evaluating your application, so they may be more willing to work with individuals on benefits and offer a variety of loan types to meet your needs, like personal loans and small cash loans. 

Whether you’re exclusively on benefits or are earning regular income at the same time, it’s helpful to know what the eligibility requirements are beforehand. This can help you ensure that you have all the necessary information and documents ready to go, making the application process smoother and more efficient. 

Fundo’s minimum loan requirements are as follows:

• You must be at least eighteen years old.
• You must be a citizen or a tax-paying Australian resident.
• You must have a regular income of at least $300 per week outside government benefits.
• You should not place undue financial pressure on yourself by borrowing from Fundo.
• You should be able to prove your ability to meet repayment deadlines. 

If you’ve determined you’re eligible for a loan at Fundo, it’s time to stop searching for ‘best quick loans Australia’ and submit your loan application now. If you’re a returning borrower, you can even apply for a Fundo loan within just three clicks. If you apply within business hours and everything goes smoothly, it’s even possible for your loan application to be approved and funds to be disbursed on the same day. 

Waste no time and apply for a loan at Fundo now! 

Disclaimer: The opinions expressed in this piece are solely for informational and entertainment purposes and should not be construed as financial advice. Any views expressed are subject to change at any time.