I Need A Loan Urgently But Have Bad Credit Australia
Same day funds up to $5,000
Same day funds up to $5,000
When you urgently need a loan but have bad credit, finding a lender in Australia that won’t reject you based solely on your credit score can be challenging. Many people with bad credit struggle to find the financial support they need. Fundo offers small loans starting from $500, and while we do conduct a credit check, we focus on your current financial situation and ability to repay, ensuring you have access to fast cash without the worry of bad credit holding you back.
Can I get an urgent loan in Australia with bad credit?
If you’re in Australia and need a loan urgently but have bad credit, it may feel like your options are limited. Many traditional lenders require a good credit score, which can be a barrier if you’ve faced financial challenges in the past. However, at Fundo, we understand that your credit history doesn’t always reflect your current financial situation. That’s why we offer small loans starting from $500, focusing on your ability to repay rather than just your credit score.
At Fundo, our online application process is fast and straightforward, allowing you to apply for a loan in minutes. If approved, you can typically receive the funds within 24 hours, providing you with quick access to cash when you need it most. Whether you need to cover an unexpected expense or manage a financial emergency, Fundo can help, even if you have bad credit.
What are the eligibility criteria for an urgent loan at Fundo?
To apply for a loan with Fundo, you need to meet the following eligibility criteria:
These criteria ensure that the loan is manageable and won’t cause further financial stress.
FAQs
Can I apply for a loan with bad credit at Fundo?
Yes, Fundo considers applications from individuals with bad credit. We focus on your current financial situation and ability to repay.
How soon can I receive the loan if approved?
Once approved, you can typically receive your loan funds within 24 hours.
What is the minimum loan amount I can apply for?
At Fundo, our small loans start from $500, perfect for covering urgent or unexpected expenses.
Do I need to undergo a credit check?
Yes, Fundo conducts credit checks as part of our responsible lending practices, ensuring the loan is affordable for you.
Can I repay my loan early without penalties?
Yes, Fundo allows early repayment with no additional fees, giving you flexibility to pay off your loan sooner.
Safe
and Secure. 3 min
application²
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Ellie P.
Robert D.
Safe
and Secure. 3 min
application²
Increase your Fundo Credit Score to boost your chance of getting approved on your next loan.
Safe
and Secure. 3 min
application²
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.
Safe
and Secure. 3 min
application²¹As 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.
I'd like to borrow ($500 - $5000)
