You might know Fundo for smaller loans. We\u2019ve recently added larger personal loans too, from $5,000 to $10,000. How much you\u2019re offered depends on your application, and approval isn\u2019t guaranteed. Our smaller loans still start from $500. You can see our current rates on our <\/span>pricing page<\/span><\/a>. This guide covers what factors influence how much you can borrow, how to choose between $5,000, $10,000 or somewhere in between, and what to check before you apply.<\/span><\/p>\n There\u2019s no single number that applies to everyone. When you apply, we look at a few things:<\/span><\/p>\n As a licensed credit provider, we assess whether a loan is suitable before we offer it. That means the amount you\u2019re offered can be lower than the amount you ask for.<\/span><\/p>\n Fundo\u2019s larger personal loans are $5,000 to $10,000. Smaller loans start from $500. If you need to borrow more than $10,000, we\u2019re not the right fit, and it\u2019s better to know that before you apply.\u00a0<\/span><\/p>\n Your rate and the amount you\u2019re offered are based on your application. For current rates, see our <\/span>pricing page<\/span><\/a>.<\/span><\/p>\n A bigger loan isn\u2019t automatically a better deal, and the top of the range isn\u2019t a target. A few questions help you land on the right number:<\/span><\/p>\n Two things move your repayments the most: how much you borrow and how long you take to pay it back. Borrowing $10,000 over a longer term has smaller repayments than borrowing the same amount over a shorter one, but you\u2019ll pay more in total because interest and fees add up over a longer term. Borrowing $5,000 over the same term has smaller repayments and a lower total cost than $10,000, because there\u2019s less to repay and less interest and fees charged on it.<\/span><\/p>\n Before you apply, work out what you can afford for each repayment, then choose the amount that fits inside it.<\/span><\/p>\n The advertised rate is only part of the picture. When you\u2019re comparing offers:<\/span><\/p>\n For a closer look at how rates are set, read <\/span>How Personal Loan Interest Rates Actually Work in Australia<\/span><\/a>. To see why two customers can be offered different rates, read <\/span>How Is My Interest Rate Calculated?<\/span><\/a><\/p>\n How much can I borrow with a personal loan?<\/b><\/p>\n With Fundo, anywhere from $500 up to $10,000, depending on your application. Our larger personal loans are $5,000 to $10,000. Some other lenders offer larger personal loans, so if you need more than $10,000, Fundo isn\u2019t the right fit. The amount you\u2019re offered depends on what you can afford to repay, and approval isn\u2019t guaranteed.<\/span><\/p>\n Can I get a $5,000 loan?<\/b><\/p>\n $5,000 sits within Fundo\u2019s range, subject to approval. Your rate and the amount offered depend on your application.<\/span><\/p>\n Can I borrow $10,000?<\/b><\/p>\n $10,000 is the top of Fundo\u2019s range. Whether you\u2019re approved for it depends on your application and, if you\u2019ve borrowed with us before, how that went.<\/span><\/p>\n Can I borrow less than $5,000?<\/b><\/p>\n Yes. Fundo\u2019s loans start from $500, so you can borrow a smaller amount if that\u2019s all you need. Borrowing only what you need keeps your repayments lower.<\/span><\/p>\n How long do I have to repay?<\/b><\/p>\n The term depends on the loan and your application, and it\u2019s set out in your loan agreement.For Personal Loans, our loan terms range from 9 to 24 months. You can also see our current terms on our <\/span>pricing page<\/span><\/a>.<\/span><\/p>\n Will I get the same interest rate as someone else?<\/b><\/p>\n Not necessarily. Rates are personalised to each application. You can read more in <\/span>How Is My Interest Rate Calculated?<\/span><\/a> and see current rates on our <\/span>pricing page.<\/span><\/a><\/p>\n Is it better to borrow less?<\/b><\/p>\n Often, yes. Borrowing only what you need means paying back less, and a shorter term usually costs less overall than a longer one. The right amount is the one that covers what you need and fits comfortably in your budget.<\/span><\/p>\n With Fundo you could borrow from $5,000 to $10,000 with our larger personal loans, or less if you need it, starting from $500. The amount you\u2019re offered depends on your own application, so it\u2019s worth working out what you need and what you can comfortably repay before you apply.<\/span><\/p>\n Ready to see your own rate?<\/span><\/p>\nWhat affects how much you can borrow?<\/b><\/h3>\n
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Fundo\u2019s borrowing range<\/b><\/h3>\n
Is $5,000 or $10,000 the right amount?<\/b><\/h3>\n
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How the amount and term change your repayments<\/b><\/h3>\n
What to check when you compare loans<\/b><\/h3>\n
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Frequently Asked Questions<\/b><\/h3>\n
The Bottom Line<\/b><\/h3>\n