Same day funds up to $5,000
Same day funds up to $5,000
Finder
We approved 320+ loans in the last 24 hours!
In many cases, unless we tell you otherwise, you don’t need a credit check to access a small or medium cash loan from Fundo. You can borrow anywhere between $500 to $5,000 without consenting to a formal check of your credit history. Fundo uses its own criteria and credit scoring to figure out if a small loan is suitable for you and your situation.
In some fundamental ways - as we as a lender give you cash upfront to be paid back with interest - yes. But in other ways, such as big loan amounts and long loan terms (5 or more years) as well as being backed by a security or collateral, they aren’t the same. A personal loan may take days or weeks to get approval, as well as require a formal credit check. A small cash loan by Fundo can be approved within three minutes, with the cash hitting your account within sixty seconds.
Yes, we think that everyone has an opportunity to get a second chance at finance through Fundo. That also includes folks with lower credit scores. We look at your current finances and income; we don't penalise you for what you may or may not have done in the past.
But don't panic if you have a default on your file; we may still be able to assist you, depending on the circumstances. We may authorise loans for some candidates with black marks on their credit history, depending on the cause for the mark and when it occurred. As a responsible lender, we consider more than just your formal credit history when evaluating applications. Fundo uses its own scoring algorithm to determine whether you qualify for a fast cash loan.
However, there are still situations where requests are denied. If you are bankrupt, have a Part IX debt arrangement or a Part X personal insolvency agreement, have defaulted on short-term loans, or have a very negative credit history, it’s more likely than not your application will be rejected.
The Fundo dashboard is an easy to use dashboard to apply for loans, check on your repayment progress, and to see your Fundo credit score. All you have to do is enter your basic personal information, banking details, and any other financial data we might ask for, such as evidence of income or employment. You can access your secure dashboard 24/7 - and if you ever need help email us at hello@fundo.com.au or call us on 1800 161 391 between 9am - 6pm Monday to Friday, 9am-5pm on Saturdays or 9am-1pm on Sundays (AEST.)
Most traditional lenders will only consider income as that from formal employment. Fundo views income as any source of funds from an external source, being self-employment, Centrelink, pensions, superannuation, Veterans’ Affairs, etc. If you can prove you gain $500 per week through some means, you are usually eligible for a cash loan. If you’re unsure, email us or call us during our office hours.
We use the latest financial technology to evaluate eligibility for a loan. Once you have understood the terms and agree to the loan agreement, we can have your funds transferred to your account within sixty seconds. You will need to have a PayID (also known as Osko) account enabled - but most major and even minor banking institutions such as credit unions in Australia use PayID as a matter of course.
Depending on your circumstances, repayment plan, and amount borrowed, interest, fees, and charges may vary. Interest rates can also be affected by the Reserve Bank official cash rate, which is set every month. Be sure to check our latest rates and charges on our home page to get a general idea of what you may be paying back.
You can use a cash loan for anything that requires immediate and unavoidable payment. This could be a mechanic’s bill, car body repair work, emergency surgery or dental work, urgent travel expenses, PC or Mac repair, whitegood repair or replacement, paediatric expenses, insurance excesses, rental bonds, sureties, and pretty much anything you like - the cash is yours to use as you see fit.
Yes - fast cash loans may be repaid at any moment without incurring additional costs. This is an excellent strategy to save money on monthly fees and stay on top of your loan payments if you are able to pay more each month. If you pay off your loan early, you will have to pay the whole establishment fee. Not only does this save you bundles in interest, it also improves your Fundo credit score, which grants you heaps of perks and incentives for being a responsible borrower!
Yes - and that’s paying less in interest. A shorter loan term means your payments are spread out across fewer instalments, which attracts less interest than spreading them out across more instalments. However, you’ll still have to pay the establishment fee across all installments, and monthly fees are capped at a proportion of the entire loan, usually 48%. Since you are paying fewer instalments, the dollar amount will be higher. Ensure you can keep up with these repayment terms, as you will be penalised for late or missed repayments.
Safe
and Secure. 5 min
application²
Kim S.
Ellie P.
Robert D.
Safe
and Secure. 5 min
application²
Safe
and Secure. 5 min
application²
Loan amount from $500 to $2,000
Minimum 91+ days to maximum 6
months
20% establishment fee and a flat
4% monthly fee4
Loan amount from $2,001 to $5,000
Minimum 91+ days to maximum 2 years
$400 establishment fee, interest at
47.80% p.a. (comparison rate 66.58% p.a.)5
4 Fees are based on loan principal advanced.
5 Comparison rate is based on an unsecured loan of $2,500 over a term of 2 years.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
6 The example assumes timely repayment as per the loan agreement, or additional fees and charges may apply.
Safe
and Secure. 5 min
application²Terms and conditions and fees and charges apply. Approval and loan amount are subject to our credit assessment criteria.
¹As soon as you sign your contract, we instantly send the funds to your nominated bank account. If your bank works with the New Payments Platform (NPP), most customers see funds in their account within 60 seconds. If your bank is not NPP enabled, or its a public holiday, the funds are usually received by the next business day
²Applying for a loan with Fundo usually takes about 5 minutes. However, this time can change based on a few things, such as your typing speed, the device you're using, and whether you have all the necessary information ready to go.
³As the approval process is influenced by various external factors, we can't guarantee that you'll receive a decision on the same day. However, most of our customers do receive a same-day response to their application with Fundo, if they submit their loan application and all the requested supporting information by 4pm Sydney time during a regular business day.
Fundo is an Australian direct lender that offers short-term, small loans without any legal jargon or red tape. Our online loans are designed to provide access to a broad range of qualified applicants, including those with less-than-perfect credit.
Finding small loans with flexible repayment terms is now a reality with Fundo - no need to keep searching for 'Debt Consolidation Loans Bad Credit', 'Personal Loan With Fast Approval', or '24 Hours Cash Loans'. Applying for Fundo loans in the future gets more engaging when you pay off your loans in advance penalty-free while also increasing your chances for approval.
Fundo believes that eligible applicants should be able to get closer to the loans they need. If you've been looking for small cash loans through search terms like 'Instant Approval Loans Need Cash Today', 'Payday Loans No Credit Check', or 'Savvy Loans', then you can stop looking now - let us show you how easy it is to apply for a loan with Fundo.
We typically respond within 2 min or sooner.
I'd like to borrow ($500 - $5000)
