Who Will Give Me A Loan When No One Else Will Australia
Same day funds up to $5,000
Same day funds up to $5,000
If you’re asking, Who will give me a loan when no one else will in Australia?, you’re likely facing financial challenges that have made it difficult to secure approval from traditional lenders. Whether due to a low credit score or irregular income, many people feel stuck without loan options. Fundo offers small loans starting from $500, with a more flexible approach to lending. While we do consider your financial situation, we focus on offering responsible loans that fit your needs when others won’t.
What can I do if no one else will approve my loan application in Australia?
If you’ve been turned down by traditional lenders like banks or other financial institutions, it can be frustrating to figure out where to turn next. In Australia, not all lenders use the same strict criteria to assess loans, so it’s still possible to find alternatives. Fundo is one of the lenders that focuses on providing small loans, even to those who may not qualify through other sources. We consider more than just your credit score and focus on your overall financial situation, including income from non-traditional sources like government benefits.
Fundo offers loans starting from $500 with a simple, online application process. Even if you’ve been denied by other lenders, we provide a chance to access the funds you need, based on your current ability to repay rather than your past credit history.
How can I get a loan when traditional lenders say no?
When you’ve been rejected by traditional lenders, Fundo can offer a fast and flexible solution. Here’s how our loan process works:
FAQs
Can Fundo help if I’ve been denied by other lenders?
Yes, Fundo can provide a loan even if you’ve been denied elsewhere, as we consider a range of factors, including your income and current financial circumstances, rather than focusing solely on your credit score.
What’s the minimum income requirement for a Fundo loan?
You need to have an income of at least $1,000 per fortnight, including government benefits, to be eligible for a loan.
Can I still apply for a loan if I’m receiving Centrelink benefits?
Yes, if your total income meets the required threshold, including Centrelink benefits, you can apply for a Fundo loan.
How quickly can I get the loan after approval?
If you apply and are approved during business hours, you could receive the funds on the same day or by the next business day.
What can I use the loan for?
You can use your Fundo loan for a variety of needs, including unexpected expenses like medical bills, car repairs, or urgent household costs.
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)
