Ready. Set. Loan.
Same day funds up to $5,000
Same day funds up to $5,000
At Fundo, we’re all about transparency and fairness. We understand the convenience of payday loans with no interest. However, most, if not all, lenders charge some form of interest or fee as part of the loan costs.

While we do charge fees on our online loans, we make sure to break these fees down so that they’re easy to digest. We want to give you the clearest picture possible of your responsibilities when you apply for a Fundo cash loan.

As responsible lenders, we want to assure you that our fees are in line with industry standards and all applicable laws. We also don’t have any hidden charges. All the fees for your loan are disclosed during the loan offer stage, so be sure to read through that before electronically signing your loan agreement.

Some lenders, particularly traditional banks, may require security as an added protection, especially when the loan amount is large. Security is a way for lenders to reduce risk. If the borrower fails to meet their loan obligations, the lender could use the security as a means of recovering their losses.

If there are lenders out there who offer payday loans with no interest, it’s possible that they may require security of some kind. The best way to know for sure is to enquire with your preferred lender.

Here at Fundo, though, we don’t ask for security of any kind on our small loans. Just submit your application online, and our team will process it as soon as possible. If everything is in order and we approve your loan application, you may even be able to receive funds on the same day. No security required, no hassle.

How well you manage credit products can have an impact on your credit score. This is true for loans of all kinds, whether they’re Fundo same day loans, loans from traditional banks, or payday loans with no interest. That’s why it’s important to only borrow money when you’re absolutely sure you can make repayments comfortably.

When you consistently make late payments or default on your loans, it could impact your credit record. It can take some time to improve your credit score once this happens.

On the other hand, good and consistent borrowing behaviour, whether with Fundo or with other lenders, will have a positive effect on your credit score. Future lenders who look at your credit history will be able to see that you’re a responsible borrower.

The great thing about having a Fundo loan and consistently making repayments on time is that you get to raise your Fundo Credit Score (which is different from your actual credit bureau score). The higher your Fundo Credit Score, the higher the chances of your future Fundo loan applications being approved!

As mentioned earlier, Fundo does not offer payday loans with no interest. However, we’d be happy to review your application for our medium and small short term loans. You will just need to meet a few requirements. You must:

Our customer service team is available Monday through Friday from 9.00 a.m. to 6.00 p.m. and Saturday from 9.00 a.m. to 5.00 p.m. Sydney time. We’re happy to answer any questions you may have about our loans. 

If you need fast funding, apply for a Fundo loan!

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.