Need Money Now Bad Credit
Same day funds up to $5,000
Same day funds up to $5,000
Finding yourself in urgent need of money can be stressful, especially if you have bad credit. Traditional lenders often rely heavily on your credit score when determining whether to approve a loan, making it difficult for those with poor credit histories to secure funds. However, at Fundo, we understand that financial difficulties can happen to anyone, and having bad credit shouldn’t automatically prevent you from getting the help you need.
Fundo offers small loans starting from $500, designed to give you fast access to the funds you needeven if your credit score isn’t perfect. While we may conduct a credit check, our focus is on your current financial standing and ability to repay the loan, not just your credit history. This allows us to provide a fairer, more flexible option for people who need cash quickly, without being held back by past financial mistakes.
Why Choose Fundo for Loans with Bad Credit?
At Fundo, we believe that your current financial situation is more important than your past credit history. That’s why we assess your ability to repay based on your present income and financial commitments. If you have a steady income and meet our eligibility criteria, you can still qualify for a loaneven if you’ve had credit issues in the past.
Our loans start from $500, with flexible repayment options that allow you to manage the loan on your terms. The entire application process is done online, making it quick and convenient, so you can get the money you need without the lengthy delays that come with traditional lenders.
How Fundo’s Loan Process Works
Eligibility for Fundo’s Loans
To apply for a loan with Fundo, you must:
Can I get a loan from Fundo if I have bad credit?
Yes, Fundo considers more than just your credit score when assessing loan applications. We focus on your current financial standing and ability to repay the loan, so even if you have bad credit, you can still qualify for a loan. You can start your application now by visiting our online portal.
How quickly can I get approved for a loan with bad credit?
At Fundo, we work to provide fast approvals. Once you submit your online application, we review it quickly, often giving approval the same day. Once approved, the funds are transferred to your account as soon as possible, so you can manage your urgent financial needs without delay.
What can I use a Fundo loan for?
You can use a Fundo loan to cover a variety of expenses, including medical bills, car repairs, rent, or any other urgent financial needs. With loans starting from $500, Fundo gives you the flexibility to handle immediate expenses, even if you have bad credit.
How can I check my credit score before applying for a loan?
In Australia, you can check your credit score for free through credit reporting agencies like Equifax, Experian, or Illion. These services provide a detailed report on your credit history, helping you understand your current financial standing. Although Fundo focuses more on your ability to repay, knowing your credit score can still be helpful when managing your finances.
What if I can’t repay my loan on time?
If you find yourself unable to make a repayment, it’s important to contact Fundo as soon as possible. We offer flexible repayment options and can work with you to adjust your payment plan to fit your situation. Communicating early helps us provide the best solution to avoid further financial difficulties.
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.