How Do Home Renovation Loans Work
Same day funds up to $5,000
Same day funds up to $5,000
Many individuals find themselves seeking quick financial support to manage unexpected costs or initiate improvements at home. If you're curious about how home renovation loans work, you're not alone! Many Australians turn to the web for answers, looking for guidance on everything from how home improvement loans work to whether these options suit their needs. When time is of the essence, traditional banks might not provide the speed required, leaving borrowers in a tight spot. Thatβs where we at Fundo come in! As an online lender, we specialise in delivering fast, short-term loans to Australians, making it easier for homeowners to get the funds they need without the hassle.
Hereβs what you can expect when you consider working with Fundo for your home renovation financing:
If you've been searching for how home renovation loans work or exploring options such as loan for renovation of house, you're on the right path! We offer loans to help finance essential home improvements, so you can enhance the value of your property effectively.
At Fundo, we provide various loan products tailored to suit different needs:
Worried about meeting the eligibility criteria? Our requirements are flexible compared to traditional lenders. To qualify for a home renovation loan, you simply need to:
Pursuing a home renovation loan with Fundo is hassle-free! Head over to our online platform to fill out our easy application form. After submitting, if everything checks out during business hours, you might see funds in your account within 60 seconds from contract acceptance!
When you're ready to enhance your home, don't waste time looking up Australian cash loans or payday loans. Instead, take a moment to boost your Fundo Score by paying off open debts on time and being responsible with your finances. Why wait? Apply now and make your home renovation dream a reality with Fundo!
Loan amount from $500 to $2,000
Minimum 91+ days to maximum 6
months
20% establishment fee and a flat
4% monthly fee4
Loan amount from $2,001 to $5,000
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 Comparison rate is based on an unsecured loan of $2,500 over a term of 2 years.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
6 The example assumes timely repayment as per the loan agreement, or additional fees and charges may apply.
Terms and conditions and fees and charges apply. Approval and loan amount are subject to our credit assessment criteria.
¹As soon as you sign your contract, 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 its a public holiday, the funds are usually received by the next business day
²Applying for a loan with Fundo usually takes about 5 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.
Fundo is an Australian direct lender that offers short-term, small loans without any legal jargon or red tape. Our online loans are designed to provide access to a broad range of qualified applicants, including those with less-than-perfect credit.
Finding small loans with flexible repayment terms is now a reality with Fundo - no need to keep searching for 'Debt Consolidation Loans Bad Credit', 'Personal Loan With Fast Approval', or '24 Hours Cash Loans'. Applying for Fundo loans in the future gets more engaging when you pay off your loans in advance penalty-free while also increasing your chances for approval.
Fundo believes that eligible applicants should be able to get closer to the loans they need. If you've been looking for small cash loans through search terms like 'Instant Approval Loans Need Cash Today', 'Payday Loans No Credit Check', or 'Savvy Loans', then you can stop looking now - let us show you how easy it is to apply for a loan with Fundo.
We typically respond within 2 min or sooner.