What Are Payday Lenders
Same day funds up to $5,000
Same day funds up to $5,000
When you find yourself in need of quick cash, it's not uncommon to ask, "What Are Payday Lenders?" Payday lenders typically offer short-term loans designed to be repaid by your next payday, often with high interest rates. However, navigating these options can be tricky, especially with concerns about eligibility, high fees, and complicated application processes. That's where Fundo steps in to provide a friendlier alternative.
At Fundo, our mission is to simplify the process of obtaining short-term loans, ensuring that all eligible applicants—regardless of their credit history—can find the support they need. Here’s what sets us apart:
With Fundo, you won't have to deal with the strict requirements that many payday lenders impose. Here’s how we make it easier:
Ready to say goodbye to complicated payday loans? Applying for a loan at Fundo is straightforward. Simply fill out our application form online with your personal and financial details to get started!
While you're here, why not check out our range of services? Whether it’s an unexpected expense or a home improvement project, we have options tailored for you—not just typical payday loans:
{{There’s no need to search for answers around 'What Are Payday Lenders?' any longer. Choose Fundo for a transparent and supportive borrowing experience. Ready to take the next step? Apply for a loan today!}}
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)
