Really Bad Credit Loans
Same day funds up to $5,000
Same day funds up to $5,000
Searching for really bad credit loans? Having a very poor credit history can be a major hurdle when applying for loans, but Fundo understands that financial difficulties happen. We offer small loans starting from $500 and assess your current financial situation, providing fast approval even if your credit score is less than perfect.
Can I get a loan with really bad credit?
When you have really bad credit, finding a lender that’s willing to approve your loan application can be difficult. Many traditional lenders may turn you down due to your credit score. However, at Fundo, we understand that financial circumstances can change, and we provide an option for those with bad credit. Our small loans, starting from $500, are designed to be accessible even if you have a less-than-perfect credit history.
Fundo considers more than just your credit score. We assess your verified income and financial health to ensure that you’re able to manage repayments without being left worse off. With a fast and easy online application, you can get the funds you need quickly, even with bad credit.
How does Fundo help people with really bad credit get a loan?
Fundo’s process is tailored to help people with really bad credit. Here’s how we approach your application:
Fundo ensures that you have access to clear, transparent terms, and flexible repayment options, even if you’re dealing with poor credit.
FAQs
Can I get a loan with really bad credit?
Yes, Fundo offers small loans for individuals with bad credit. We focus on your financial health and verified income rather than just your credit score.
What can I use a Fundo loan for?
Fundo loans can be used for urgent personal expenses such as medical bills, car repairs, or unexpected purchases. However, Fundo does not offer loans for debt consolidation or paying off existing loans.
How fast can I receive the funds?
If approved within business hours, you could receive the funds the same day. Otherwise, the funds will be deposited by the next business day.
Do I need a credit check?
A credit check may be required as part of the assessment process, but we also evaluate other factors such as your verified income and ability to make repayments.
Can I improve my Fundo Score?
Yes, making on-time repayments and providing feedback can help improve your Fundo Score, increasing your chances of approval for future loans.
Safe
and Secure. 3 min
application²
Kim S.
Ellie P.
Robert D.
Safe
and Secure. 3 min
application²
Increase your Fundo Credit Score to boost your chance of getting approved on your next loan.
Safe
and Secure. 3 min
application²
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.
Safe
and Secure. 3 min
application²¹As 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.
I'd like to borrow ($500 - $5000)
