{"id":1688,"date":"2026-08-14T14:41:41","date_gmt":"2026-08-14T04:41:41","guid":{"rendered":"https:\/\/fundo.com.au\/blog\/?p=1688"},"modified":"2026-08-14T16:41:53","modified_gmt":"2026-08-14T06:41:53","slug":"short-term-loans","status":"publish","type":"post","link":"https:\/\/fundo.com.au\/blog\/short-term-loans\/","title":{"rendered":"Short Term Loans"},"content":{"rendered":"<h2 style=\"text-align: center;\">Short Term Loans<\/h2>\n<p style=\"text-align: center;\"><strong>Same day funds up to $5,000<\/strong><\/p>\n<h2>Short term loans for unexpected expenses<\/h2>\n<p>Unexpected expenses can arise at any time. Situations such as urgent car repairs, medical costs or essential household expenses may create short-term financial pressure.<\/p>\n<p>Short term loans are regulated credit products designed to help with one-off expenses rather than ongoing financial needs.<\/p>\n<p>At Fundo, we provide:<\/p>\n<ul>\n<li>Small Amount Credit Contracts (SACC) from $500 to $2,000<\/li>\n<li>Medium Amount Credit Contracts (MACC) from $2,001 to $5,000<\/li>\n<\/ul>\n<p>We also offer Personal Loans from $5,000 to $10,000, which are not short-term loans and are structured over longer repayment periods for larger financial needs.<\/p>\n<p>Loans are subject to assessment, eligibility criteria and approval.<\/p>\n<p>Short-term loans can be expensive and may not be suitable for everyone. Borrow only what you need and can afford to repay.<\/p>\n<h2>What are short term loans?<\/h2>\n<p>In Australia, short term loans generally fall into two regulated categories:<\/p>\n<h3>Small Amount Credit Contracts (SACC)<\/h3>\n<ul>\n<li>Loan amounts: $500 to $2,000<\/li>\n<li>Loan terms: 5 to 39 weeks<\/li>\n<li>Cost structure: establishment fee plus monthly fee<\/li>\n<li>No interest is charged<\/li>\n<\/ul>\n<h3>Medium Amount Credit Contracts (MACC)<\/h3>\n<ul>\n<li>Loan amounts: $2,001 to $5,000<\/li>\n<li>Loan terms: 9 to 39 weeks<\/li>\n<li>Cost structure: establishment fee plus interest charges<\/li>\n<\/ul>\n<p>These loans are unsecured, meaning you do not need to provide an asset such as a car or property as security.<\/p>\n<h2>What about Personal Loans?<\/h2>\n<p>Personal Loans are a separate product category and are not considered short-term loans.<\/p>\n<h4>At Fundo:<\/h4>\n<ul>\n<li>Loan amounts: $5,000 to $10,000<\/li>\n<li>Repayment terms: typically longer than short-term loans<\/li>\n<li>Structure: fixed repayments over a defined period<\/li>\n<\/ul>\n<h4>Personal Loans are generally used for larger, structured expenses, such as:<\/h4>\n<ul>\n<li>Significant home repairs or improvements<\/li>\n<li>Medical or dental procedures<\/li>\n<li>Vehicle-related expenses<\/li>\n<li>Larger one-off financial commitments<\/li>\n<\/ul>\n<p>Because these loans are repaid over a longer period, they are designed differently to short-term credit products.<\/p>\n<h2>How applications are assessed<\/h2>\n<p>All licensed lenders in Australia must assess whether a loan is suitable before approval.<\/p>\n<h4>At Fundo, we review:<\/h4>\n<ul>\n<li>Your income from all sources<\/li>\n<li>Your regular living expenses<\/li>\n<li>Existing financial commitments<\/li>\n<li>Recent banking activity<\/li>\n<li>Your ability to meet repayments without financial hardship<\/li>\n<\/ul>\n<p>If a loan appears likely to cause financial difficulty, the application may be declined.<\/p>\n<h2>How the application process works<\/h2>\n<p>Applications are completed online.<\/p>\n<h4>Steps include:<\/h4>\n<ol>\n<li>Select your loan amount<\/li>\n<li>Provide your personal and financial details<\/li>\n<li>Give electronic access to your bank statements for assessment<\/li>\n<li>Submit your application<\/li>\n<li>Receive a decision once your information is reviewed<\/li>\n<li>If approved, review and accept your loan contract<\/li>\n<\/ol>\n<p>If approved and you accept your contract, funds are transferred to your nominated bank account as soon as reasonably possible.<\/p>\n<p>Processing times vary depending on verification requirements and bank systems.<\/p>\n<h2>Eligibility requirements<\/h2>\n<p>To apply, you generally need to:<\/p>\n<ul>\n<li>Be at least 18 years old<\/li>\n<li>Be living in Australia<\/li>\n<li>Have an active Australian bank account in your name<\/li>\n<li>Receive regular income of at least $1,000 per fortnight (may include government benefits)<\/li>\n<li>Demonstrate the ability to meet repayments without financial hardship<\/li>\n<\/ul>\n<p>Each application is assessed individually.<\/p>\n<h2>How much can you borrow?<\/h2>\n<p>Fundo offers a range of regulated credit products:<\/p>\n<ul>\n<li>$500 to $2,000 (SACC \u2013 short term)<\/li>\n<li>$2,001 to $5,000 (MACC \u2013 short term)<\/li>\n<li>$5,000 to $10,000 (Personal Loans \u2013 longer term)<\/li>\n<\/ul>\n<p>The amount available depends on your financial situation and repayment capacity.<\/p>\n<h2>Repayment terms<\/h2>\n<p>Repayments are set out in your loan contract and must be made as scheduled.<\/p>\n<h4>Repayment frequency options may be available depending on your circumstances, for example:<\/h4>\n<ul>\n<li>Weekly<\/li>\n<li>Fortnightly<\/li>\n<li>Monthly<\/li>\n<\/ul>\n<p>The exact term, fees and total repayment amount will be clearly disclosed in your contract before you decide whether to proceed.<\/p>\n<h2>What these loans may be used for<\/h2>\n<h4>Short term loans may be considered for:<\/h4>\n<ul>\n<li>Essential car repairs<\/li>\n<li>Unexpected medical or dental costs<\/li>\n<li>Urgent household expenses<\/li>\n<li>One-off personal costs<\/li>\n<\/ul>\n<h4>Personal Loans may be more appropriate for:<\/h4>\n<ul>\n<li>Larger planned expenses<\/li>\n<li>Higher-cost repairs or purchases<\/li>\n<li>Situations requiring longer repayment periods<\/li>\n<\/ul>\n<h4>These products are not suitable for:<\/h4>\n<ul>\n<li>Ongoing living expenses<\/li>\n<li>Debt consolidation<\/li>\n<li>Repaying existing loans<\/li>\n<li>Situations where repayments would cause financial hardship<\/li>\n<\/ul>\n<h2>Fundo Customer Score<\/h2>\n<p>Fundo uses internal tools, including the Fundo Customer Score, to help assess affordability and risk as part of the application process.<\/p>\n<p>This score reflects factors such as repayment behaviour and financial stability. It does not guarantee approval and forms only part of the overall assessment.<\/p>\n<h2>Things to consider before applying<\/h2>\n<p>Before applying for any loan, consider:<\/p>\n<ul>\n<li>Whether the expense is necessary and one-off<\/li>\n<li>Whether repayments fit comfortably within your budget<\/li>\n<li>The total cost of the loan<\/li>\n<li>Whether a short-term or longer-term product is more appropriate<\/li>\n<li>Whether alternatives may be available<\/li>\n<\/ul>\n<p>If you are unsure, you may wish to explore other options first.<\/p>\n<h2>Alternatives to consider<\/h2>\n<p>Before applying, you may wish to explore:<\/p>\n<ul>\n<li>Payment plans with service providers<\/li>\n<li>Using available savings<\/li>\n<li>Government assistance<\/li>\n<li>Free financial counselling<\/li>\n<\/ul>\n<p>You can contact the National Debt Helpline on 1800 007 007 for free, independent support.<\/p>\n<h2>FAQs<\/h2>\n<h3>Are Personal Loans the same as short term loans?<\/h3>\n<p>No. Personal Loans are a separate product category with larger amounts and longer repayment terms. Short term loans refer specifically to SACC and MACC products.<\/p>\n<h3>How quickly can I receive funds?<\/h3>\n<p>If your application is approved and you accept your contract, funds are transferred as soon as reasonably possible. Processing times vary depending on verification requirements and bank systems.<\/p>\n<h3>How much can I borrow?<\/h3>\n<p>You may be able to borrow between $500 and $10,000 across Fundo&#8217;s product range, subject to assessment and approval.<\/p>\n<h3>What determines which loan I receive?<\/h3>\n<p>The loan type and amount are based on your financial situation and what appears manageable for you based on our assessment.<\/p>\n<h3>What documents are required?<\/h3>\n<p>You will need to provide personal details, income information and give access to your bank statements. Additional information may be requested if required.<\/p>\n<h2>Important information<\/h2>\n<p>Fundo Loans Pty Ltd holds Australian Credit Licence 491418.<\/p>\n<p>The information on this page is general in nature and does not take into account your personal objectives, financial situation or needs. It is not financial advice.<\/p>\n<p>Loans are subject to assessment, eligibility criteria and approval. Terms, conditions, fees and eligibility criteria apply and may change over time.<\/p>\n<p>Short-term loans can be expensive and may not be suitable for everyone. Borrow only what you need and can afford to repay.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Short Term Loans Same day funds up to $5,000 Short term loans for unexpected expenses Unexpected expenses can arise at any time. Situations such as urgent car repairs, medical costs&#8230;<\/p>\n","protected":false},"author":12,"featured_media":1698,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[30,1,12],"tags":[],"_links":{"self":[{"href":"https:\/\/fundo.com.au\/blog\/wp-json\/wp\/v2\/posts\/1688"}],"collection":[{"href":"https:\/\/fundo.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundo.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundo.com.au\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/fundo.com.au\/blog\/wp-json\/wp\/v2\/comments?post=1688"}],"version-history":[{"count":1,"href":"https:\/\/fundo.com.au\/blog\/wp-json\/wp\/v2\/posts\/1688\/revisions"}],"predecessor-version":[{"id":1689,"href":"https:\/\/fundo.com.au\/blog\/wp-json\/wp\/v2\/posts\/1688\/revisions\/1689"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fundo.com.au\/blog\/wp-json\/wp\/v2\/media\/1698"}],"wp:attachment":[{"href":"https:\/\/fundo.com.au\/blog\/wp-json\/wp\/v2\/media?parent=1688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundo.com.au\/blog\/wp-json\/wp\/v2\/categories?post=1688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundo.com.au\/blog\/wp-json\/wp\/v2\/tags?post=1688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}