Personal Loans For Low Income Earners
Same day funds up to $5,000
Same day funds up to $5,000
Finder
We approved 320+ loans in the last 24 hours!
If you’re a low-income earner and looking for a personal loan, accessing funds can sometimes be difficult through traditional lenders. Many financial institutions set high income requirements, making it challenging for low-income individuals to get the support they need. At Fundo, we offer small loans starting from $500, designed to provide financial relief to a wider range of Australians, including low-income earners. Our flexible repayment terms ensure you can manage your loan without added financial strain.
Can low-income earners qualify for personal loans at Fundo?
For low-income earners, securing a personal loan can often feel like an uphill battle. Traditional lenders may be hesitant to approve loans without a higher income threshold, but at Fundo, we understand that everyone’s financial situation is unique. As long as you earn at least $1,000 per fortnight (which can include government benefits), you could be eligible for a personal loan with Fundo. We offer small loans starting from $500, and our application process considers your overall ability to repay the loan, ensuring that you won’t be left worse off financially.
Our online process is designed for ease and speed, so whether you need a loan for urgent expenses or unexpected costs, Fundo could help you get the funds you need in a responsible manner.
What should low-income earners consider when applying for a loan?
If you’re a low-income earner considering a personal loan, it’s essential to ensure that the loan will not put additional strain on your financial situation. Here’s what you need to consider:
If approved, funds may hit your account on the same day, depending on when your application is processed and approved.
FAQs
Can I still apply for a loan if I only have a low income?
Yes, as long as you have a verified income of at least $1,000 per fortnight, you can apply for a personal loan with Fundo. We focus on your overall financial situation and ability to repay, rather than just your income level.
How much can I borrow as a low-income earner?
Fundo offers small loans starting from $500 to $5,000. The amount you are eligible for will depend on your financial health and ability to manage repayments.
Will my Centrelink benefits count as income?
Yes, verified Centrelink payments can be counted towards your income, helping you meet the minimum income requirement for loan approval.
What are the repayment options for low-income earners?
Fundo provides flexible repayment options that allow you to choose between weekly, fortnightly, or monthly repayments, ensuring that the terms suit your financial situation.
Can I get my loan on the same day?
If your application is approved within business hours, you may receive your funds the same day. Otherwise, the funds will typically be transferred the next business day.
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)
