Instant Payday Loans For Unemployed
Same day funds up to $5,000
Same day funds up to $5,000
Being unemployed can make accessing traditional loans difficult, especially when urgent expenses arise. Fundo understands that financial challenges don’t stop when you’re between jobs, which is why we offer instant payday loans for unemployed individuals. These loans are designed to provide quick access to cash for essential needs, even if you don’t have a traditional income.
Can I get a payday loan if I’m unemployed and on Centrelink?
Yes, Fundo considers applications from individuals who receive Centrelink payments as part of their income. As long as you can demonstrate that your income is consistent and meets the minimum requirement of $1,000 per fortnight, you could be eligible for a payday loan.
Fundo assesses each application individually, taking into account your financial situation, income, and expenses. If your Centrelink payments provide enough financial support to cover your loan repayments, your chances of approval are high. Apply online through our cash loans without payslip option to get started today.
How fast can I get approved for an instant payday loan?
At Fundo, we focus on speed and efficiency. If you apply during business hours and all your information is in order, you could get approved on the same day. Once approved, the funds are transferred directly to your bank account, and depending on your bank’s processing times, you could receive the money the same day or the next business day.
For faster approval, apply as early as possible and ensure that all the required information is accurate and complete. You can explore our high approval payday loans for even faster disbursement.
FAQs
Do I need a payslip to apply for a payday loan?
No, Fundo offers cash loans without a payslip, allowing unemployed individuals to qualify by verifying income from other sources like Centrelink payments.
Can I apply for a loan if I have bad credit?
Yes, Fundo assesses your overall financial situation, not just your credit score. Even with bad credit, you may still qualify for a payday loan if you can show you have the ability to repay it.
How can I repay my loan?
We offer flexible repayment options, allowing you to choose between weekly, fortnightly, or monthly repayments. You can choose the schedule that best fits your budget.
Are there any hidden fees?
No, Fundo is fully transparent about fees and costs. You’ll know upfront exactly what you’re expected to repay, with no hidden fees.
Can I repay my loan early?
Yes, you can repay your loan early without any penalties. Early repayment can help you save on interest and improve your Fundo Score.
How fast can I get the money?
If you apply during business hours and your loan is approved, you could receive the funds the same day. For even faster access to cash, check out our instant loan apps for quick management of your loan.
Safe
and Secure. 3 min
application²
Kim S.
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)
