Borrow Money

Borrow Money

Looking to borrow money online and fast? Maybe something has come up and you need to come up with a bunch of money that you otherwise can’t avoid? Fundo has your back. You can borrow money, ranging from as little as $500 to $5,000 and you could have the money in your bank account within five minutes or fewer! 

You might need to borrow money for a variety of reasons. You could be confronted with sudden expenses such as medical bills, car repair, or immediate travel which require you to borrow money as coming up with it yourself is either impractical or unattainable. Some banks and lenders will hit you with lots of paperwork to wade through and sign, have you supply endless amounts of documents, and still have you wait days or weeks for approval and funds transfer. In an emergency situation, it simply won’t do!

If you need funding fast, apply using our customer-favourite quick loan app - the Fundo Dashboard - either on your computer or smartphone! It’s never been easier to borrow money fast with Fundo.

Why should I borrow money from Fundo?

Need a little financial boost? Fundo loans are here to save the day! Whether it's a surprise expense or a temporary budget hiccup, we've got you covered. You'll discover a wide range of loans that perfectly match your requirements.

In addition to our loan products, like small personal loans, we also provide a variety of perks that teach borrowers about responsible financial habits in an entertaining and interactive way.

At Fundo, our self-service dashboard sets us apart from other lenders, giving us the ability to provide both convenience and speedy approvals. Our dashboard offers a user-friendly interface for effortlessly handling your loan and repayments. When you join us, you'll also find a wealth of financial wellness and improvement information, which is a key aspect of our vision for our borrowers.

What’s the minimum criteria to borrow money from Fundo?

At Fundo, you need to be:

• A legal adult (18 years or over)
• Resident or citizen of Australia
• Making $1,000 in taxable income (employment, self-employment, Centrelink, etc.)
• Able to pay back the loan based on the information you provide us.

The Fundo self-service dashboard has been designed to be simple to use on computers and smart devices such as iPhones and Android phones or tablets. We’ll ask you a few simple questions about your financials and basic information and let our computerised system handle the rest. No matter what day of the week or time of day or night, most applicants will get a decision in a few minutes - and if you’re approved, get the money within 60 seconds if your bank account supports PayID.

Don’t hesitate - apply today! Get started on the Fundo dashboard and be done in as little as five minutes!

Borrow Money FAQs

How much money can I borrow? What are the terms?

At Fundo, you can borrow anywhere between $500 and $5,000, depending on your circumstances and financial situation. Amounts between $500 and $2,000 have maximum loan terms of six months. Amounts over $2,000 and under the maximum $5,000 limit have maximum loan terms of two years. Beware! Longer loan terms means more interest paid as well as monthly fees. Finding a balance between comfortable repayments and loan terms is your best bet for reducing the amount of interest you need to pay, and will help you be better off financially.

What does Fundo consider income for me to borrow money?

Many traditional lenders tend to only consider income from formal employment, leaving out other sources. Fundo sees income as any type of funds that come from external sources, such as self-employment, Centrelink, pensions, superannuation, Veterans' Affairs, and more. If you can show that you earn $1,000 per week through some taxable means, you are typically eligible to borrow money. If you're not quite sure, feel free to shoot us an email or give us a call during our office hours.

However, there are still times when requests are denied. If you've had some financial bumps in the road, like bankruptcy, a Part IX debt arrangement, or a Part X personal insolvency agreement, or have black marks on your credit history. We cannot guarantee you’ll be approved, but we can guarantee we’ll work within our means and commitment to responsible lending to help you borrow money to tide you over.

Am I penalised for paying back my loan early? 

Not at all! You have the freedom to repay your fast cash loans at any time without any extra charges or penalties. Here's a fantastic approach to cut down on monthly fees and stay ahead of your loan payments, especially if you can afford to make larger payments each month. If you decide to settle your loan ahead of schedule, you'll be responsible for the entire establishment fee. This not only saves you a lot of money in interest, but it also boosts your credit score, giving you plenty of benefits and rewards for being a responsible borrower! Plus, it boosts your Fundo credit score!

Why should I borrow money with a shorter term?

The bottom line is that it saves you significantly in interest and fees. Choosing a shorter loan term allows you to make payments over a smaller number of instalments, resulting in lower interest charges compared to a longer term. But remember, there's still an establishment fee that you'll need to pay in each installment. Additionally, the monthly fees are limited to a certain percentage of the total loan, typically around 48%. With a shorter payment plan, the amount you'll be paying each time will be higher. Make sure you're able to stay on top of these repayment terms, as there will be consequences for late or missed payments. Strike the right balance and don’t stretch your finances too thin!

Can I borrow money without a credit check?

We understand - the last thing you need is another credit check that could potentially affect your credit history. That's why Fundo is here for you - we put in the effort to evaluate your eligibility for a quick loan without the need for a traditional credit check. We love asking you questions and hearing your honest answers! It helps us figure out if a small cash loan will truly benefit you and if you'll be able to repay it without any financial stress. So let's get started and have some fun! We're curious to know how you're currently earning a living and where it's coming from (like a job, your own business, or government assistance). We're also interested in the purpose of the loan (in a general way), as well as some basic details about you and your banking information. Let's get to know each other a little better! We have our own unique way of evaluating your application and any future applications - the Fundo credit score. This doesn’t affect your official credit score in any way, and can give you fun little perks for paying off your loans on time and in full!

What is a Fundo credit score?

To reward our most loyal customers for responsible borrowing, we offer the Fundo Credit Score. Fundo Credit Score users can write reviews, tell friends, and return same-day loans on time or early to boost their Fundo credit score.

Your Fundo Credit Score can rise if you don't have too many loans from other lenders. A higher Fundo Credit Score improves your lending prospects now and in the future.

However, poor Fundo Credit scores reduce your chances of same-day loan approval. If you don't make Fundo payments on time, your credit score may drop. Our company's credit score is private and we don’t share it elsewhere. You can check your score any time on your Fundo dashboard.