Online debt consolidation loans
Same day funds up to $5,000
Same day funds up to $5,000
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We approved 320+ loans in the last 24 hours!
Debt is how society grows its wealth. If we as individuals or companies couldn’t borrow money, no one would ever be able to afford major assets like houses, cars, or whitegoods. Inflation would eat at our savings and move the goalposts. Debts can be a good thing, but turn bad if we use them unwisely.
That said, we can accumulate debts we’d rather not. These may be credit card debts which can add to themselves if you can’t make the full repayments - and you may have several of them working against your finances at one time. You may have a big buy now, pay later debt, store credit debts, and other small revolving debts that just seem to get bigger and bigger even though it feels you’re constantly throwing money at it.
These debts can spiral out of control if you only make minimum payments each month, which can also make life difficult if you really are struggling with cost of living pressures and inflation. When you need to pay for something urgent and unavoidable, you may not be able to access the funds when you need them.
Fundo can help you get off the debt train by giving you a small cash loan between $500 and $5,000 to consolidate your debts - that means paying off all your debts with one lump sum payment and then chipping away at the debt with your regular repayments with Fundo.
This gives you the financial freedom - and peace of mind - that you are escaping from under crushing revolving debts and moving towards a better debt-free future.
First, you should take an inventory of all your debts. This may be from credit cards, store credit cards, and other sources. Then, you’ll get a figure that you will need to borrow from Fundo to eliminate these debts.
Next, you need to check if you fulfil our eligibility criteria. As of August 2024, our criteria is:
Once you breeze through our three-click application system and you’re approved, you’ll get the funds deposited into your bank account. We can have the funds to you within 60 seconds if you have PayID enabled.
Now the onus is on you to use that money to pay off the debts. This could involve paying off different balances using different methods. If you’re unsure, you may have to contact your bank or credit issuer for more information on paying back entire balances.
From then on, you’ll only have one regular repayment to worry about - and that’s the small cash loan repayments from Fundo. We show you all your fees and charges up front, and you’ll always know where you stand. If you find a way to pay us back earlier - great! That means less in interest for you and a big bump in your Fundo score. Find financial freedom a little easier with Fundo!
No - we pride ourselves on helping everyday Australians get the funding they need. We understand that traditional consolidation loans can often feel limiting.
However, our goal is to provide you with the flexibility you need to allocate funds as necessary. We understand the importance of making the loan process simple and on your level;. That's why we offer fast approval loans that enable you to conveniently consolidate debts. Additionally, we provide small debt consolidation loans for individuals with bad credit. We understand that past credit issues may not accurately reflect your current ability to make repayments. That's why we provide loans that require minimal credit checks – or no credit checks at all! Fundo aims to make funding fun and easy, so you can sit back and relax. Your debts can be wrangled under control with a quick cash loan from Fundo!
Fundo provides the funds to your bank account after you’ve been approved. You’ll have to make the necessary transfers into your debt or credit card accounts to pay off the balances.
We only provide small and medium term credit contracts that range from $500 to $5,000. If your debts are in excess of these amounts, we recommend you apply for a mainstream personal loan from a bank or lender. This may require more paperwork and waiting on your part, and interest rates can vary. Be sure to talk to a financial adviser or debt counselling service before taking out a large debt consolidation loan. We do not recommend taking out multiple small or medium loans as this can adversely affect your credit score.
Indeed! For those individuals who need a small personal loan but have poor credit, we provide a fair chance at finance. To determine whether or not you are qualified, we make use of our very own credit rating technology. Additionally, if you sign up for a Fundo score, you will have access to a variety of wonderful benefits and rewards!
Yes - we’ve helped thousands of Australians settle small short-term debts with a Fundo small cash loan. If you find yourself facing unexpected and pressing expenses that you're unable to handle on your own or through other methods, a debt consolidation loan could be a helpful option for you. It could cover emergency medical or dental bills, urgent replacement of whitegoods or home appliances, IT or computer repairs, car or vehicle repair costs, insurance excesses, or urgent travel needs. Basically, it helps you pay for expenses that you can't avoid and can’t afford to pay on your own.
Not at all. Open the Fundo Dashboard and complete the form by providing your details, contact information, and the amount you wish to borrow. If you submit your application during business hours and it meets the necessary criteria, you could get your funds within 60 seconds. Additionally, borrowers who have used our services before can easily complete their applications with just three simple clicks. You can use the dashboard on any internet-enabled device such as an iPhone, Android phone or tablet, PC or Mac, laptop, or iPad.
The Fundo Score is Fundo’s way of determining your creditworthiness without going through the usual formal credit check through a credit reporting bureau. Having a higher credit score increases your likelihood of being approved for a loan. By recommending Fundo to your family and friends, making prompt loan repayments, and providing valued feedback, you can boost your score!
The watchword with finance and credit is honesty. Being open and transparent about your financial situation can greatly increase your chances of getting approved for a small personal loan at Fundo. Our goal is to ensure that individuals facing difficult circumstances receive the financial support they require to improve their financial situation. If you provide us with your bank information, income and expenses estimates, payslips or employment information, and/or Centrelink benefits information, it will help us understand your financial situation better. This will allow us to process your application more efficiently and greatly increase the chances that we approve your request.
Yes - and we recommend it as responsible lenders encouraging equally responsible borrowing. You can check your credit every three months for free. That said, you will have to wait for your credit check to come back, which can take a few days or even weeks once they have checked your information.
Unfortunately, we cannot guarantee approval for every loan application at Fundo. As a licensed and accredited lender, we are committed to following the regulations set forth by the National Consumer Credit Protection Act. We have a responsibility to carefully evaluate and approve loans, ensuring that we exercise caution and thoroughness. It is highly unlikely anyone who is a recently discharged bankrupt or party to a Part IX or X Debt Agreement will be approved for a loan at Fundo.
Sure thing! Applying for a small cash loan with Fundo is a breeze. We happily accept various forms of income, including Centrelink or government benefits like Veterans’ payments and pensions, among others. If you meet all our eligibility criteria, feel free to apply now!
If you're looking to borrow a small loan ranging from $500 to $2,000, you'll have repayment options that span from a minimum of 91 days to a maximum of six months. By making weekly repayments over a shorter period, you'll have higher payments, but you'll save on fees and interest. If you require a loan exceeding $2,000 (up to $5,000), you will have a maximum of two years to repay the amount. Your loan agreement will provide you with all the details regarding the repayment schedule, as well as any fees and charges that you will need to pay throughout the duration of the loan. If you have any uncertainties regarding your loan agreement or need clarification, feel free to reach out to us. You can give us a call at 1800 161 391, use our live text chat, or send us an email at hello@fundo.com.au. We’ll respond straight away during office hours, seven days a week.
Opting for a shorter loan term means you can spread out your payments over fewer installments, which ultimately leads to lower interest charges compared to a longer term. Just a quick reminder, there's still an establishment fee that you'll need to pay in each installment. In addition, the monthly fees are capped at a specific percentage of the total loan, usually around 48%. When you choose a shorter payment plan, the payment amount for each installment will be higher. It's important to stay on top of these repayment terms to avoid any consequences for late or missed payments. Find the perfect balance and avoid overextending your finances!
We might get tied up from time to time and paying our obligations is no different. Remember - we value honesty at Fundo and want to help. If you are afraid of missing a payment for whatever reason, contact us immediately. We’ll help you through financial hardship and find a way forward that won’t land you in more debt or put you at risk of default, which can trash your credit score. Give us a call at 1800 161 391, use our live text chat, or send us an email at hello@fundo.com.au. We’ll respond straight away during office hours, seven days a week.
No - we transfer all approved funds to Australian bank accounts using electronic transfer. This can take as little as 60 seconds if you have a PayID (Osko/NPP) enabled bank account. It really is easy to get an itty bitty debt consolidation loan from Fundo!
Safe
and Secure. 5 min
application²
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 5 weeks to maximum 6
months
20% establishment fee and a flat
4% monthly fee4
Loan amount from $2,001 to $5,000
Minimum 9 weeks 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)
