$500 - $5000
between $500 - $5000
up to 180 days
20% upfront establishment
fee 4% monthly fee

Small LOAN

Loan amount from $500 to $2000
Minimum 91+ days to Maximum 6 months
20% Establishment Fee and a flat 4% Monthly Fee*


Loan Amount of $1,000 over 20 weeks repayable weekly. $1,000(Principal Amount) + $200(20% Establishment Fee) + $200(fees based on 4% per month over 20 weeks) = $1,400 total repayable in 20 weekly repayments of $70.00.

*The example assumes timely repayment as per the loan agreement, or additional fees and charges may apply.


Loan amount from $2001 to $5000
Minimum 91+ days to Maximum 2 years
$400 Establishment Fee plus interest at 47.8% p.a. (Comparison Rate 66.58% p.a)*


Loan Amount $2500 over 2 years repayable fortnightly. $2,500 (Principal Amount) + $400 (Establishment Fee) + $1553 (Interest) = $4453 total repayable in 52 fortnightly instalments of $85.63

*The comparison rate is specific to a $2,500 loan over a two-year term with a $400 establishment fee and fortnightly repayments. Any deviation in loan amount, term, or additional fees and charges can result in a different comparison rate, and the given comparison rate only applies to the presented example.

Cash Direct Loans

Cash direct loans are always attractive when one needs to borrow money. Still, a need for understanding how loans work can make even the most fiscally responsible shy away from taking advantage of one. To begin with, what are they?

A direct cash loan is a short-term personal loan that offers relatively small amounts (typically $2,000) that can be repaid quickly, typically within a few weeks. Cash direct loans are similar to payday loans and cash advances in this way.

With that said, if you’ve been looking for loans online with same-day approval, you’ll be glad to learn about Fundo and our many loan options. With our interactive self-service dashboard and unique Fundo Credit Score, we offer incentives to borrowers in good standing that you won’t find elsewhere.

Before we get into that, though, let’s talk about what short-term cash direct loans mean.

Are short-term loans easy to get approved for?

It’s a common refrain among folks looking for last minute loans: how fast are they approved, and when can you receive your funds?

Regarding online personal loans, especially short-term loans, turnaround time on loan review or approval ranges from minutes to a week.

Generally speaking, the greater the desired loan amount, the longer the assessment period for the application. Secured high-risk loans, in particular, fall under this category, as the Regulatory Guide 209 instructs lenders and facilities to verify a borrower's credit status thoroughly (Credit licencing: Responsible lending conduct).

This situation brings us to cash direct loans, typically small loans with manageable amounts and loan terms. For example, if you’ve been looking for a home renovation loan for a small-scale project, Fundo’s cash direct loans are ideal, as we can offer you anywhere from $500 to $5,000, payable in weekly instalments for up to 20 weeks.

Do online loan lenders do credit checks?

The answer is generally yes – but it can also depend on certain factors.

You can do a lot with a personal loan, which is why it’s a favourite loan product in the lending market – especially when they’re payday loans no credit check required.

That being said, short-term online loans may also be approved based on whether they can be repaid on time, leading some lenders for cash direct loans to hesitate in approving quick loans for bad credit. This is because loan providers like Fundo are obliged to lend responsibly.

Responsible lending is often assessed based on credit history and credit score.

Note that Fundo doesn’t automatically reject applications for bad credit loans without consideration. However, we are less likely to approve bad credit cash loans if it puts an applicant in a financial bind due to borrowing money from us.

Conversely, cash loan applicants who have proven that they can comfortably pay back their loans on time have a higher chance of being approved for cash direct loans.

We have a team of credit consultants you can speak with, who are more than happy to walk you through your options where our online loans are concerned. You may reach us through phone, email, or chat during our business hours (9.00 a.m. to 6.00 p.m., Monday to Friday; 9.00 a.m. to 5.00 p.m. on Saturdays).

Do I need a bank account to apply for cash direct loans?

For your financial safety and security, using a verified bank account is always best when applying for cash direct loans.

If a cash loans provider insists on transacting with you through wire transfers or digital wallets, it’s best to take extra precautions and verify the provider's legitimacy.

For instance, loan providers should have a searchable Australian Business Number (ABN) or Australian Company Number (ACN). You may look up this information through the official government databases, which are free to access. Consequently, you can look up Fundo under Fundo Loans Pty Ltd, with the ACN 604 639 143.

A more innovative loaning experience at Fundo

Direct short term loans are convenient for one-off expenses or emergencies, and while we’re on the topic of financial health, Fundo’s eligibility requirements for cash direct loans align with best practices for responsible lending.

Here’s a brief rundown of the general criteria:

  • You must be at least eighteen years old.
  • You must be a tax-paying citizen or permanent resident of Australia.
  • You must be gainfully employed with a minimum net income of at least $500/week, excluding benefits or pension.

Fundo reserves the right to accept or reject government benefits or pensions as the sole source of income. Moreover, it is preferable for government benefits or pensions to be submitted as supplementary income. Our application process is entirely online and is available 24/7, so you can apply anywhere and at any time that is convenient for you.

We are more able to quickly process cash loan applications submitted during our business hours (9.00 a.m. to 6.00 p.m., Monday to Friday, and 9.00 a.m. to 5.00 p.m. on Saturdays). Processing may take up to twenty-four hours for applications received after or close to the end of business hours.

If everything is in order when you apply, you may receive your same day loan funds within a few hours. So if you’re looking for small, manageable cash direct loans, Fundo offers more than you may expect.

Apply for a loan worth up to $5,000 today!

As a disclaimer, the opinions expressed in this article are strictly for informational and entertainment purposes only and should not be considered explicit investment advice orrecommendations. Any views or information expressed are subject to change without notice at any time.