Interest Free Student Loans Australia
Same day funds up to $5,000
Same day funds up to $5,000
Finder
We approved 320+ loans in the last 24 hours!
As a student, managing your finances can be a challenge. With rising tuition fees, textbooks, and other living expenses, getting access to affordable financial support is crucial. Interest-free student loans provide a way to bridge financial gaps without the worry of accumulating interest. At Fundo, we offer flexible loan solutions tailored to students' needs, helping you focus on your studies rather than on mounting debt.
How do interest-free student loans work?
Interest-free student loans provide financial relief by eliminating interest charges on the loan. While these loans may still have administration fees, the absence of interest makes them a more affordable solution for students. Here’s how the process works:
Interest-free student loans can be used for a variety of expenses, such as tuition fees, textbooks, accommodation, or even emergency expenses. These loans help students manage their finances without the burden of interest charges.
What can I use an interest-free student loan for?
An interest-free student loan can help cover many education-related costs and personal expenses. Common uses include:
Interest-free student loans are a valuable option when you need financial assistance for immediate educational costs. However, they are not intended for long-term debt repayment or daily expenses. For more flexible loan options, Fundo also offers instant small amount loans for short-term needs.
FAQs
Do I need a payslip to apply for an interest-free student loan?
No, Fundo allows students to apply without a payslip. We accept alternative income sources, including Centrelink or other financial support.
Can I apply if I have bad credit?
Yes, Fundo considers applications from students with various financial backgrounds. Even if you have bad credit, we will assess your ability to repay based on your current financial situation.
What repayment options are available?
Fundo offers flexible repayment terms, including weekly, fortnightly, or monthly payments. You can choose the option that best suits your financial situation.
Are there hidden fees?
No, Fundo is fully transparent about any fees associated with your loan. There are no hidden charges, and all fees are clearly explained before you accept the loan terms.
Can I repay my loan early?
Yes, you can repay your loan early without any penalties. Early repayment can help you save on fees and improve your Fundo Score.
How quickly can I receive the funds?
If your loan is approved, you could receive the funds the same day or the next business day. For even faster access, check out our instant loan apps.
Safe
and Secure. 5 min
application²
Kim S.
Ellie P.
Robert D.
Safe
and Secure. 5 min
application²
Safe
and Secure. 5 min
application²
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.
Safe
and Secure. 5 min
application²Terms 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.
I'd like to borrow ($500 - $5000)
