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Same day funds up to $5,000
Same day funds up to $5,000
A cash advance loan is typically associated with credit cards. It allows you to withdraw money from your credit card account, similar to taking out cash from an ATM. Only this time, you don’t withdraw from your deposit account. Depending on the provider, cash advances attract interest from the transaction date until paid off, with higher interest rates compared to purchases.

Traditional bank loans, on the other hand, often refer to loans provided by banks and credit unions. These loans generally come with favourable interest rates for individuals who have maintained good credit scores.

However, the application process for traditional loans, such as small bank loans, can typically be time-consuming. Usually, banks perform a more in-depth review of your financial history and creditworthiness.

At Fundo, we take a different approach. 

We are an online lending institution that offers quick loans. We understand that life happens, and sometimes you need cash immediately. That’s why we focus on making our application and approval processes hassle-free and convenient. We strive to provide a no-fuss experience with a commitment to transparency and no hidden fees or charges.

Considering the pros and cons of an online cash advance is essential when making a decision about this financing option. While Fundo doesn’t offer credit card cash advances, we want to provide you with the necessary information to make an informed choice.

Cash advances offer the advantage of convenience, allowing you to access funds quickly by withdrawing from your credit card account. This can be especially helpful in urgent situations.

However, it’s important to consider potential drawbacks. Cash advances often come with higher interest rates compared to regular credit card purchases. 

Depending on the provider, cash advances generally come with additional charges and fees. 

When you withdraw money from your credit card account through a cash advance, you may be charged a cash advance fee on top of the interest. This may be a flat fee or a percentage of the borrowed amount. If you withdraw using a different institution’s ATM, you may also be charged an added fee. 

Transactions for cash advances encompass a range of activities, including transferring money, purchasing prepaid cards, and more. Just note that the applicable limitations and fees vary depending on the specific credit card provider.

When it comes to cash advances, there are no major restrictions on using the funds. But before applying for a cash advance loan, it’s best to compare it with other forms of funding.

At Fundo, we understand that life can throw unexpected financial curveballs your way, and you may need quick access to cash without any limitations. We empower our customers by providing them with the flexibility to use the loan amount as they see fit.

We’re all about offering you easy, quick, and convenient online loans. We’re not like the super strict banks, and we take pride in being an Australian-owned and managed private lending institution. We offer applicants short-term loans and fast cash loans, even if they have a not-so-great credit score.

With us, you can apply for a loan from the comfort of your own home and enjoy the convenience of same-day loans. And when it comes to accessing loans with us, your Fundo Credit Score is a game-changer. Unlike traditional credit scores, the Fundo Credit Score is specific to our platform.

Your Fundo Credit Score is your personal tool for financial wellness, allowing you to take control of your borrowing potential. By completing certain tasks and actions, you can actively contribute to increasing your Fundo Credit Score and unlock even greater loan opportunities. 

Discover the power of your Fundo Credit Score and experience a new level of accessibility with Fundo loans today. Need a teeny tiny loan? Apply now!

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.