Very Bad Credit Loans
Same day funds up to $5,000
Same day funds up to $5,000
Finder
We approved 320+ loans in the last 24 hours!
Searching for very bad credit loans? Having a poor credit history can make it difficult to find lenders willing to approve your loan application, but at Fundo, we understand that everyone deserves a second chance. We offer small loans starting from $500, and while we may conduct a credit check, our fast online application focuses on your current financial situation to help you access the funds you need, even with very bad credit.
Can I get a loan with very bad credit?
If you have very bad credit, you may think that getting a loan is impossible. However, Fundo offers flexible options for individuals with poor credit histories. We understand that your credit score doesn’t always reflect your current financial situation, and we focus on your ability to repay the loan today, not just your past credit performance. Our small loans start from $500, and our application process is quick and straightforward. Even with bad credit, you may still be eligible for a loan to cover emergency expenses like medical bills or urgent repairs.
Fundo’s responsible lending practices ensure that the loan is tailored to your needs, and if approved, you could receive the funds on the same day or by the next business day, depending on the time of application and banking hours.
How can Fundo help individuals with very bad credit get a loan?
At Fundo, we specialise in offering loans to people who may struggle to secure credit elsewhere. We look at more than just your credit score. Here’s how we help individuals with very bad credit:
FAQs
Can I get a loan with very bad credit and no guarantor?
Yes, Fundo offers loans to individuals with very bad credit without the need for a guarantor. We assess your current financial status and ability to repay.
How does Fundo determine my loan eligibility with very bad credit?
Fundo considers your income, current financial situation, and ability to make repayments. We perform a credit check, but your eligibility is not solely based on your credit score.
What can I use my very bad credit loan for?
You can use the loan for urgent needs such as car repairs, medical bills, or other unexpected expenses.
How quickly can I receive the funds if approved?
If your application is approved during business hours, you could receive the funds the same day or the next business day.
Are there hidden fees with Fundo’s loans?
No, Fundo is committed to transparent lending, and there are no hidden fees involved with our loans.
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 5 weeks to maximum 6
months
20% establishment fee and a flat
4% monthly fee4
Loan amount from $2,001 to $5,000
Minimum 9 weeks 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)
