Loan Interest Personal Loans
Same day funds up to $5,000
Same day funds up to $5,000
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We approved 320+ loans in the last 24 hours!
When it comes to personal loans, one of the most important factors to consider is the loan interest rate. Interest can significantly impact the overall cost of your loan and how much you’ll repay over time. At Fundo, we aim to make personal loans as straightforward and transparent as possible, offering fixed fees for smaller loans, predictable repayments, and clear terms written in plain English.
Whether you need funds for an unexpected emergency, home repairs, car repairs, appliance replacement, or need money for bills, Fundo is here to help, offering small personal loans that are easy to understand and accessible to a wide range of customers, even if you’ve had financial difficulties in the past.
By focusing on transparency, we’ve helped thousands of Australians get personal loans, regardless of their credit history. At Fundo, we believe in providing clear information so you can make the best decision for your financial future. Below, we’ve answered some of the most common questions about personal loan interest rates and how our loan process works.
Loan Interest Personal Loans FAQs
How does loan interest work on personal loans from Fundo?
Interest on a personal loan is essentially the cost of borrowing money. It’s calculated as a percentage of the amount you borrow, and it’s what you’ll pay in addition to repaying the original loan amount. At Fundo, our interest rates are competitive, and we strive to ensure that our customers are fully aware of the costs involved before they agree to a loan.
At Fundo, we pride ourselves on being transparent about the fees for our small personal loans. For loans under $2,000, we don’t charge interest but instead have a clear and simple fee structure. We provide all the information upfront, so you know exactly what you’re getting into before signing the loan agreement. Here’s how it works:
For small personal loans ranging from $500 to $2,000, you can repay them with terms between 5 to 20 weeks. For medium loans between $2,001 and $5,000, repayment terms are 9 to 26 weeks. Regardless of the loan size, our goal is to provide a repayment schedule that works for your budget without causing financial strain. To explore more about our loan terms and rates, visit our loan terms page.
Why should I choose Fundo for personal loans?
Fundo stands out from traditional lenders because of our commitment to offering transparent, fair, and accessible bad credit personal loans. Whether you have a perfect credit score or have faced financial challenges in the past, we’re dedicated to providing loan options that suit your needs.
Here’s why thousands of Australians have chosen Fundo for personal loans:
By choosing Fundo, you’re choosing a lender that puts your financial well-being first. We aim to make personal loans accessible to everyone and provide support throughout your loan journey.
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 5 weeks to maximum 6
months
20% establishment fee and a flat
4% monthly fee4
Loan amount from $2,001 to $5,000
Minimum 9 weeks 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)
