Ready. Set. Loan.
Same day funds up to $5,000
Same day funds up to $5,000
If you’re scouring the search results for ‘loans that pay out same day’, you likely don’t have the time for reams of paperwork, in-person applications, and long lines. You also definitely don’t want to wait days or even weeks before your much-needed funds hit your bank account. 

When on the hunt for fast quick loans, there are three things you need: speed, convenience, and satisfaction. Traditional banks have always been an option for many Australians, but they don’t typically process applications quickly, let alone send you the funds on the same day.

You want a lender like Fundo that allows you to conveniently apply online and can give you a decision within the day when possible.

If you’re curious about ‘loans that pay out same day’, you probably want to know about any associated fees, too.

All Fundo loans come with charges, but be assured that your personal loanfees are disclosed upfront and are governed by legislation. We are a responsible lender regulated by the Australian Securities and Investments Commission (ASIC), so our fees are in line with industry standards. 

We understand that small loans could be beneficial for students searching for ‘loans that pay out same day’. School-related expenses can pile up easily over the course of a semester, from textbooks to tuition fees to living expenses and more. 

Unemployed individuals may also need financial assistance, whether it’s for transportation to job interviews or just some additional funds to tide them over until their next full-time gig.

However, Fundo loans can only be approved for individuals with a regular income. To be eligible for online loans from Fundo, you must:

That means if you don’t have regular income, unfortunately, we cannot process your application. You’re welcome to apply at another time when your circumstances change and you need a loan. But if you have a complex employment situation, get in touch with our customer service team to know your options.

Before you take out a loan, it’s crucial to compare different online lenders. Take the following factors into consideration:

First off, how strict are their requirements? Will you need to visit a physical location or wait in line just to submit your application? How much is the typical amount of money you could possibly get, and can it meet your needs? How long is their application process, and if approved, can you receive the funds on the same day? How are their repayment terms?

If you’re in immediate need of easy fast loans, these factors can make a huge difference in how well a loan can help you out, so you don’t have to keep looking up terms like ‘loans that pay out same day’ online.

At Fundo, we offer small and medium loans that you can easily apply for online. The best part? If you submit your application and get approved during business hours, you can get your money the same day. Plus, we also offer flexible repayment terms because we understand that your circumstances can change.

Increase your Fundo Credit Score to boost your chance of getting approved on your next loan.
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.
¹As 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.