Short Term Personal Loans

When an unexpected financial situation arises, short-term personal loans can provide quick access to funds, allowing you to handle urgent expenses without the hassle of long-term commitments. Whether it’s emergency repairs, medical bills, or unforeseen travel, Fundo offers short-term personal loans that are easy to apply for and provide fast approval, giving you the financial relief you need without the delays of traditional loans.

How do short-term personal loans work at Fundo?

Fundo’s short-term personal loans are designed to be flexible, quick, and accessible, ensuring that you can address financial emergencies with ease. Here’s how the process works:

Apply online: Start by filling out our quick and simple online loan application. It only takes a few minutes, and you can complete it from the comfort of your home or on the go, at any time of day.
Financial review: Once you submit your application, we review your overall financial situation, including your income and expenses. Unlike traditional lenders, we don’t rely solely on your credit score. Instead, we evaluate your ability to repay the loan based on your verified income and current financial health.
Approval and disbursement: If approved, the funds are transferred directly into your bank account. Depending on when you apply, you could receive the funds on the same day or by the next business day, allowing you to manage your financial needs without unnecessary delays.

Fundo’s short-term personal loans provide a quick solution for those unexpected expenses that can’t wait. For situations requiring even faster access to funds, Fundo also offers 1-hour emergency loans for urgent financial needs.

What can I use a short-term personal loan for?

Fundo’s short-term personal loans are versatile and can be used to cover a range of urgent expenses, including:

Car repairs: If your vehicle breaks down and you need immediate repairs, a short-term personal loan can help you get it fixed quickly and back on the road.
Medical bills: Whether it’s an unexpected medical bill or urgent healthcare costs, Fundo’s loans provide fast financial relief to cover these expenses.
Home repairs: Emergencies like plumbing issues or broken appliances often require immediate attention. A short-term personal loan can help you handle these home repairs without delay.
Utility bills: If you’ve been hit with an unexpectedly high utility bill or need to make a payment before disconnection, a short-term personal loan can help bridge the gap until your next paycheck.
Emergency travel: In the case of family emergencies or urgent travel plans, a short-term loan can help cover the costs of flights and accommodation.

For smaller and more immediate financial needs, Fundo also offers instant small amount loans that provide quick access to funds without a lengthy approval process.

FAQs

How much can I borrow with a short-term personal loan?

With Fundo, you can borrow between $500 and $5,000, depending on your financial circumstances. Small loans range from $500 to $2,000, while larger loans range from $2,001 to $5,000.

Will Fundo consider my credit score for loan approval?

Fundo does not rely solely on your credit score. We take a comprehensive look at your overall financial situation, including your income and expenses, to determine your ability to repay the loan.

How quickly can I get approved for a short-term personal loan?

If you apply during business hours and meet the eligibility criteria, you could receive approval the same day. Once approved, the funds are typically transferred to your bank account within 24 hours, depending on your bank’s processing times.

Do I need a payslip to apply for a loan?

No, Fundo offers cash loans without a payslip. We accept other forms of income verification, such as bank statements or Centrelink benefits, as proof of income.

What are the eligibility criteria for a short-term personal loan?

To qualify for a loan with Fundo, you must be at least 18 years old, reside in Australia, and have a verified income of at least $1,000 per fortnight. This income can include Centrelink payments.

Fundo loan example

Borrow between
$500 to $5,000

Flexible
payment terms

No hidden fees
payout early for discount

Money in ~60 secs of
contract acceptance¹

Small loan

Loan amount from $500 to $2,000
Minimum 5 weeks to maximum 6 months
20% establishment fee and a flat
4% monthly fee⁴

Example⁶

RepaymentsWeekly

Term20 weeks

Loan Amount$1,000

Establishment fee$200

Total monthly fee (over 20 weeks)$200

Total repayable$1,400

Weekly repayment$70.00

Medium loan

Loan amount from $2,001 to $5,000
Minimum 9 weeks to maximum 6 months
$400 establishment fee, interest at
47.80% p.a. (comparison rate 63.29% p.a.)⁵

Example⁶

RepaymentsFortnightly

Term6 months

Loan Amount$2,500

Establishment fee$400

Total interest (over 6 months)$389

Total repayable$3,289

Fortnightly repayment$253.09

⁴ Fees are based on loan amount funded.

⁵ Comparison rate is based on an unsecured loan of $2,500 over a term of 6 months with a fortnightly repayment frequency.

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.

Apply Now

Safe and Secure. 5 min application²

Things you should know

*Terms and conditions, fees and charges apply. Max loan amount of $5,000 includes fees and charges. 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.

Short Term Personal Loans

Short Term Personal Loans

Apply, approved
and funded - in minutes

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