Is It A Good Idea To Get A Cash Advance For Emergencies?
Same day funds up to $5,000
Same day funds up to $5,000
In Australia, many borrowers are searching for ‘fast cash’ online due to a variety of reasons. Some may be facing unexpected expenses or may need quick funding for an emergency. Others may be seeking to consolidate debt or cover expenses such as repairs or bills. Additionally, many borrowers may be looking for fast cash to make investments or take advantage of opportunities that require immediate funding.
If you are a busy borrower looking for fast cash from a last minute loan, Fundo’s online borrowing process is quicker and more convenient than traditional loan applications and can provide borrowers with access to funds in hours instead of weeks. With our platform, you can skip the queues and paperwork and do it all from your phone.
Taking out a cash advance loan may seem convenient when faced with an emergency, but it is not always the best financial decision. Cash advances typically come with high interest rates, meaning that you could end up paying much more than the amount borrowed if you do not pay off the loan quickly. This can create a cycle of debt that is difficult to escape.
Additionally, fast cash advances may have higher fees associated with them, further increasing the cost of the loan. With Fundo, you can expect a one-time establishment fee as well as a recurring monthly fee, which is disclosed up front. This ensures that you can plan ahead and budget so you can make your repayments on time without worrying about having additional hidden fees sprung on you down the line.
When you need fast cash to repair your vehicle, our online fast loans are easy to apply for and can be used to cover a variety of expenses, including car repairs. When you choose Fundo, you’ll be able to get an approval decision quickly. If you apply and get approved during our business hours (Monday to Saturday, 9 a.m. to 6 p.m.), you can even receive your money on the same day. If there are delays due to banking processes, you can expect the money the following day instead.
We understand that car repairs can be costly and inconvenient, so our quick and hassle-free process can provide you with the quick finance loan you need when you need it. Plus, our flexible repayment terms make it easy to pay back your loan on your own schedule.
To get started, just fill out our secure online application and provide us with some basic information about yourself, such as:
We look forward to helping you get the funds you need for whatever purpose you need, whether it be for car repair, home renovation, or debt consolidation. Feel free to reach out to our friendly customer service team if you have any questions.
Emergency cash loans are typically short-term loans that can be used for unexpected expenses or financial emergencies. The requirements for these types of loans vary depending on the lender and the amount of money requested.
If you need fast cash in the form of a small, short-term loan, our loans at Fundo can be used for any purpose, from emergency loans and debt consolidation loans to even home renovation loans. We have minimal requirements for applicants, and we don’t require any collateral.
To be eligible for our quick loans, you must:
We also offer an exclusive feature that we call the Fundo Credit Score. It is our own internal points system that is completely separate from your credit score with any Australian credit bureau that rewards you for good borrowing behaviour.
You can increase your Fundo Credit Score by making Fundo your exclusive lender, making repayments early or on time, leaving a review, and referring a friend. You can even win extra points when your friend gets their loan approved. The higher your score is, the better your chances are of getting your next loan approved.
All of this can be tracked through our interactive self-service dashboard. You can monitor your Fundo Credit Score, make and reschedule repayments, and even get top tips from our experts at Fundo about different topics related to finance. Returning borrowers can even apply for a new loan in just three clicks. We send advice on everything from ‘cash loans no credit check’, ‘fast cash loans with bad credit’ to help guide you on your journey to financial wellness.
What are you waiting for? Apply for our fast small cash loans online here at Fundo!
Disclaimer: This article is intended to provide information and entertainment only, and should not be taken as financial advice or recommendations. You should note that opinions or information available here can change at any time without notice.
Increase your Fundo Credit Score to boost your chance of getting approved on your next loan.
Loan amount from $500 to $2000
Minimum 91+ days to maximum 6
months
20% establishment fee and a flat
4% monthly fee4
Loan amount from $2001 to $5000
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 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.
6 The example assumes timely repayment as per the loan agreement, or additional fees and charges may apply.
¹As soon as you sign your contract and if all other requirements have been met, 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 it is a weekend or a public holiday, the funds are usually received by the next business day. Fundo cannot guarantee that loan funds will be received within 60 seconds
²Applying for a loan with Fundo usually takes about 3 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.
We typically respond within 2 min or sooner.