Access My Pay Early
Same day funds up to $10,000¹
Looking to access your pay early?
Many Australians search for ways to access their pay early when unexpected expenses arise before their next payday.
Early wage access services, also known as Earned Wage Access (EWA), allow you to access a portion of your earned income before you are paid. These services are typically limited to what you have already earned and may come with eligibility requirements or usage limits.
Fundo does not provide early wage access. Instead, we offer regulated credit products that may be considered as an alternative when you need access to funds for a one-off expense.
Loans are subject to assessment, eligibility criteria and approval.
What does “access my pay early” mean?
Accessing your pay early usually refers to receiving part of your wages before your scheduled payday.
This may be used for:
- Unexpected car repairs
- Urgent medical or dental costs
- Essential household expenses
- Short-term cash flow gaps between pay cycles
While early wage access services rely on your earned income, other options such as regulated credit products may provide access to different loan amounts, depending on your circumstances.
How Fundo works as an alternative
Fundo provides regulated credit products that may be used for one-off expenses when timing is a factor.
We offer:
-
Small Amount Credit Contracts (SACC)
$500 to $2,000
5 to 39 week terms
Establishment fee plus monthly fee
No interest is charged
-
Medium Amount Credit Contracts (MACC)
$2,001 to $5,000
9 to 39 week terms
Establishment fee plus interest charges
-
Personal Loans
$5,000 to $10,000
9 to 24 month terms
Structured repayments over a longer period
Establishment fee plus interest
All products are unsecured, meaning you do not need to provide an asset such as a car or property as security.
How the process works
The application process is completed online.
Steps include:
- Choose your loan amount
- Provide your personal and financial information
- Give electronic access to your bank statements for assessment
- Submit your application
- Receive a decision once your information is reviewed
- If approved, review and accept your contract
If approved and you accept your contract, funds are transferred to your nominated bank account as soon as reasonably possible.
Processing times vary depending on verification requirements and bank systems.
Key differences between early pay access and loans
It is important to understand how these options differ:
-
Early wage access services
Provide access to wages you have already earned
Typically limited to a portion of your income
May require employer participation
-
Short-term credit products (like Fundo)
Provide access to a defined loan amount
Are repaid over an agreed term
Require assessment of your financial situation
For larger expenses, structured options such as personal loans may also be considered, depending on your situation and ability to repay.
Eligibility requirements
To apply for a Fundo loan, you generally need to:
- Be at least 18 years old
- Be living in Australia
- Have an active Australian bank account in your name
- Receive regular income of at least $1,000 per fortnight (may include government benefits)
- Demonstrate the ability to comply with repayments without substantial financial hardship
If your sole income is from Centrelink or government benefits, the maximum amount that may be approved is $500, subject to assessment.
When this option may be suitable
A loan may be considered if:
- You have a one-off, necessary expense
- You can comfortably afford repayments
- You understand the total cost of the loan
Smaller expenses may align with SACC or MACC loans, while larger or more structured expenses may be more suited to a personal loan, depending on your circumstances.
When a loan may not be suitable
A loan may not be appropriate if:
- You are covering everyday living expenses
- You are experiencing ongoing financial difficulty
- Repayments would impact essential costs
If this applies, it may be worth exploring alternatives first.
Alternatives to consider
Before applying, you may wish to explore:
- Early wage access services
- Payment plans with service providers
- Using available savings
- Government assistance
- Free financial counselling
You can contact the National Debt Helpline on 1800 007 007 for free, independent support.
FAQs
Can I access my pay early with Fundo?
No. Fundo does not provide early wage access services. We offer regulated credit products that may be used as an alternative, subject to assessment and approval.
How quickly can I receive funds?
Decisions may be provided once all required information is received. If approved and you accept your contract, funds are transferred as soon as reasonably possible. Processing times vary depending on verification requirements and bank systems.
How much can I borrow?
You may be able to borrow between $500 and $10,000 across Small Amount Credit Contracts, Medium Amount Credit Contracts and Personal Loans, subject to assessment and approval.
Do I need to provide proof of income?
Yes. You will need to provide information about your income and give access to your bank statements as part of the assessment process.
Is this better than early wage access?
They are different products. Early wage access uses income you have already earned, while loans involve borrowing funds that must be repaid over time. The right option depends on your situation.
Important information
Fundo Loans Pty Ltd holds Australian Credit Licence 491418.
The information on this page is general in nature and does not take into account your personal objectives, financial situation or needs. It is not financial advice.
Loans are subject to assessment, eligibility criteria and approval. Terms, conditions, fees and eligibility criteria apply and may change over time.
