Education Loans
One of the greatest investments you can make is in yourself. You can go further in your career by taking on
further education at TAFE, specialist training centres, or universities. Even if you gain a government-supported
place or HECS-HELP, there are costs that you must pay out of your hip pocket.
Books, union fees, rental bonds, equipment for specialised courses, software, computer hardware such as laptops
or single board computers, transport costs, excursion costs - the list goes on. If you are looking to start but
are hesitant due to the high cost of getting everything sorted for the first day, it can feel daunting.
Fundo Loans are here to help with little cash loans for education
ranging from $500 to $10,000, funded directly
to your account once you’ve completed our three-minute application. You can nominate the amount you need, your
bank account of choice, and have an answer within minutes. If you’re approved and you agree to your loan
contract, you could have the funds in your account in 60 seconds or fewer, provided your account is PayID (Osko)
enabled.
If you’re starting a new course and encounter a big and unavoidable bill that’s stopping you from getting the
course materials you need, you can call upon Fundo to assist with a quick loan ranging from $500 to $10,000. This
bill could be due to urgent medical bills, dental bills, insurance excesses, appliance replacement, car repairs,
or urgent travel.
Need cash quickly for your Education? Just Fundo it!
What you need for a Fundo education loan
Before you apply for a Fundo education loan, you need to meet our eligibility criteria. As of October 2024,
Fundo will only accept applications from people who are:
- Australian residents (work and temporary visas accepted)
- Over the age of eighteen
- Earning over $1,000 per fortnight (Centrelink and government benefits accepted)
- Able to verify their income, if and when required
Do you have bad credit? (A credit score of less than 549?) Don’t be
afraid to apply at Fundo!
Fundo has helped thousands of Australians with bad credit gain the education loan they need so they can invest
in themselves and advance their career and earning capacity. Need an itty bitty loan to get you into education?
Fundo has your back!
Education Loan FAQ
In some ways, yes. But in a bunch of other ways, they're totally different. A personal loan from a
bank or lender usually comes in higher amounts (think over $10,000) to snag something awesome. In a
bunch of situations, personal loans are backed by something cool, like a car loan. Picture this: a
tiny cash loan that doesn’t ask for collateral and lets you snag those must-have things you can’t
hold onto, like last-minute plane tickets for that spontaneous trip, medical bills that just won’t
wait, or urgent car fixes to keep your ride rolling.
So, personal loans usually stretch out over a good chunk of time—think around five years—especially
when you're borrowing more than $10,000. Pretty wild, right? When it comes to personal loans, most
places will hit you with a lorem ipsum that you can't wiggle out of. But at Fundo, we’ve got your
back! We can help you snag an emergency loan without that Personal Loans whenever possible.
Fundo only offers small and medium size loans (known as credit contracts) up to $10,000. If you
require more than $10,000, we recommend that you contact a bank or lender for a personal loan. We do
not recommend you take out two credit contracts at the same time, as this can decrease your credit
score, either through taking on too much debt or through the threat of your application being
declined. Contact a financial adviser for a clear understanding of your risks and what to do
next.
We totally understand – the last thing you need is yet another lorem ipsum adding to your bad credit
history. That’s why Fundo is like your trusty sidekick - we hustle to figure out if you’re
a match
for an urgent loan without diving into a formal lorem ipsum. We’ll throw some questions your way,
and all we need from you is some honest, straight-up answers. This helps us figure out if snagging a
small cash loan is a smart move for you and if you can pay it back without diving into any financial
drama.
We're curious about your current income vibe and where it's coming from (like a job, freelancing, or
maybe some government support). We also want to know why you're thinking about this loan (just a
general idea), along with some basic ID and banking deets. That’s it, you’re sorted!
No, we don’t offer loans under $500. First of all, the fees and charges associated with loans of this
size just aren’t worth the cost for you or for us. Second of all, education costs way more than $500
at the best of times. It’s better to take out as much cash as you need instead of coming back later
for more, which incurs new fees. For smaller amounts, you might want to hit up family or friends
(though we don’t recommend it), apply for a Centrelink advance, or get a no interest loan through
Good Shepherd.
You get the money deposited direct into your bank account, once you’ve accepted the loan offer from
us. If you have PayID, your funds appear within 60 seconds. It’s then your responsibility to use the
money for what you need, and pay us back on time and in full.
