When it comes to a Clear Cash loan, a Fundo loan, or any other loan, you want to make sure that you get the best possible deal for yourself. If you need fast cash to help with any off-the-cuff expenses like medical bills, car repairs, or other costs, there are so many different options aside from a Clear Cash loan available that it can be challenging to find the one that best suits your situation.

We understand that life is full of curveballs, so we want to help you get the funding you need as quickly and efficiently as possible, so you don’t have to do research on how to get a Clear Cash loan. We make it easy for you to apply for a loan on your computer or mobile device. We offer easy cash loans with flexible repayment terms to fit your unique situation.

What fees do I need to pay when getting a loan?

The fees associated with getting a loan in Australia vary depending on the type of loan, the lender, and the terms of the agreement, whether it’s a Clear Cash loan or one from a different lender. Generally speaking, some of the most common fees you may encounter when taking out a loan in Australia include application fees, establishment fees, ongoing fees, early termination fees, late payment fees, default fees, and interest rates.

As an Australian-owned and -operated company, we are well-regulated by the Australian Securities and Investments Commission (ASIC), and all our fees are in line with industry standards. We only charge a flat establishment fee and a monthly account fee – both of which are calculated based on your principal.

Getting started is easy; after deciding how much you wish to borrow, just click on the ‘Apply Now’ button. You can finish our online application in no time at all. If you submit and get approved during our business hours (Monday to Friday, 9 a.m. to 6 p.m.; Saturday, 9 a.m. to 5 p.m.), you can likely get your money sent to you on the same day. It’s as simple as that!

How do I calculate the total cost of my loan?

If you are looking up ‘online loan cash’ or ‘Before pay loans’, keep in mind that calculating the total cost of your loan in Australia (Clear Cash loan, a Fundo loan, or otherwise) can vary depending on the type of loan you are taking out. Some factors that need to be taken into account include the loan amount, interest rate, repayment period, and any fees or charges associated with the loan.

It is important to factor in all costs associated with the loan before making a decision, as this will help you determine how much you will be paying back in total. 

To calculate the total cost of your Fundo loan, start by determining the principal loan amount and choosing your repayment period and repayment schedule. 

Then, multiply the principal by the establishment rate to get the establishment fee. Do the same with the principal and the monthly rate to get the monthly fee. Finally, add the principal amount, the establishment fee, and the fees based on the number of months of your loan period together to get the total loan cost.

Do cash loans come with a fixed interest rate?

Whether you are looking into a Clear Cash loan, Money Start loans, or a Fundo loan, as determined by the lender, the interest rate may be expressed as a percentage or a flat fee. 

Generally, the interest rate for a cash loan is dependent on the lender, the loan product, and the lender’s assessment of your credit history, income, and other factors. The interest rate can also vary depending on the length of the loan and the amount you are borrowing. While there are some lenders that charge a fixed interest rate, Fundo doesn't charge an annual percentage rate (APR).

We at Fundo give you the option of customising the duration of your loan to make meeting your payback obligations easier. Our establishment and monthly fees are charged at a flat rate, so you can rest easy knowing that the term will not have an effect on your repayment rates.

To top it all off, our borrowers get access to our exclusive tool – the Fundo Credit Score, a one-of-a-kind rewards system for encouraging good borrowing behaviour in our customers. 

This score is different from the credit score you may have with the major credit reporting agencies. With the Fundo Credit Score, you can earn points for making on-time or early loan payments, writing reviews, and referring friends to Fundo. Using Fundo for all your finance needs can also help you improve your Fundo Credit Score.

The likelihood of having future loan applications approved at Fundo increases as your Fundo Credit Score rises.

You can keep tabs on your score, view detailed information about your loan, and even make or reschedule repayments with the help of our user-friendly dashboard. For those working to improve their financial situation, we even provide useful tips on matters related to ‘instant loans Melbourne’, ‘money lending apps Australia’, and other financial wellness topics.

Instead of resorting to doing your own research on the interest rate of a Clear Cash loan in an attempt to find the cheapest cash loans, you can easily apply for a teeny tiny loan with us at Fundo.

Disclaimer: Please note that the opinions expressed in this article are strictly for the purpose of educating and entertaining the reader, and should not be construed as financial advice. It is possible for the views expressed in the commentary to change at any time without notice.