Instant Cash Loan For Unemployed
Same day funds up to $5,000
Same day funds up to $5,000
Looking for an instant cash loan for the unemployed? Traditional lenders often require stable employment, making it difficult for those out of work to access loans. At Fundo, we offer small loans starting from $500 and consider a range of income sources. Even if you’re unemployed, our fast online application ensures you can get the cash you need without unnecessary delays.
Can I get an instant cash loan if I’m unemployed?
If you’re unemployed and in need of an instant cash loan, it may feel like your options are limited. Many traditional lenders may not consider applications from those without steady employment, making it challenging to access funds when urgent expenses arise. At Fundo, we understand that being unemployed doesn’t mean you won’t need financial support.
Fundo offers small loans starting from $500, and we assess your overall financial situation rather than just your employment status. If you’re receiving government benefits, such as Centrelink payments, these can be considered as part of your income. Our online application process is quick and easy, allowing you to apply from anywhere and, if approved, receive funds as soon as the same day.
What are the eligibility criteria for unemployed individuals seeking cash loans at Fundo?
Fundo has specific eligibility requirements to ensure that you can manage the loan repayments without causing financial stress. To apply for an instant cash loan, you must:
These requirements help us provide loans responsibly while ensuring that the loan suits your financial circumstances.
FAQs
Can I apply for a loan if I’m unemployed?
Yes, Fundo considers applications from unemployed individuals, especially those receiving government benefits like Centrelink, as part of their income.
How soon can I receive my loan funds?
If your application is approved during business hours, you may receive your loan on the same day or by the next business day.
What can I use my cash loan for?
You can use the cash loan for various urgent financial needs, including medical bills, car repairs, and other emergency expenses.
Do I need to provide payslips to apply?
No, you don’t need to provide payslips. Fundo considers your overall financial situation, including government benefits and other forms of income.
What is the minimum loan amount I can apply for?
Fundo offers loans starting from $500, designed to help with short-term financial needs.
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application²
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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)
