The Fundo Score

At Fundo, we believe that access to credit should be based
on where you’re headed - not just where you’ve been.

That’s why we’ve developed the Fundo Score, a machine learning-powered system that helps assess your ability to responsibly manage short-term credit. While other lenders may rely heavily on past credit history alone, our focus is on your recent financial behaviour, including how you manage your everyday spending, income, and loan repayments.

How It Works

The Fundo Score is an internal scoring system that uses advanced data analysis to help us assess your likelihood of financial hardship if a loan were to be approved. It reviews:

Your bank transaction data, including income, expenses, and liabilities;
Your history with other lenders and any repayment patterns;
Risk indicators such as multiple concurrent loans or high-frequency gambling activity; and
Your existing relationship with Fundo (if any), including past repayment behaviour.

Your Fundo Score is dynamic and updated over time as your financial behaviours change. It’s designed to help you understand your risk profile and build healthier financial habits.

The higher your Fundo Score, generally the lower your assessed risk of hardship. A higher Fundo Score may improve your chances of approval with Fundo, including access to higher loan amounts.

Apply Now

Safe and Secure. 5 min application²

A Score That Supports Better Outcomes

Rather than reward borrowing frequency (which may be an indication of a debt spiral), the Fundo Score recognises positive repayment behaviour and stable financial patterns, such as:

Paying on time or early;
Avoiding dishonours or defaults;
Keeping a consistent income flow;
Reducing reliance on multiple concurrent loans; and
Spending within your financial means.

By encouraging responsible behaviour, we aim to give more Australians a fair go while protecting financially vulnerable customers from entering into unsuitable loan contracts.

What Can Affect Your Fundo Score?

Your score will increase or decrease based on your repayment history and data insights from your bank statements. Here’s how you can improve your score and chances of being approved for a Fundo loan:

Payment Score

Improve your score by repaying your loans on time or early. Consistency counts.

Dishonors

Missing repayments with Fundo and other lenders can reduce your score.

Rescheduling payments

Making changes to your scheduled payments with lenders may be an indication of hardship and can negatively impact your score.

Overall Financial Health

Your Fundo Score also considers your income, account balance patterns, and general financial activity. Avoiding high-risk behaviours—such as taking out multiple short-term loans or engaging in frequent gambling—can positively impact your score.

Why We Built
the Fundo Score

We designed the Fundo Score to provide our customers with visibility into how their current financial behaviours influence our loan decisions. The goal is to create a transparent, educational tool that gives you an insight into your financial journey.

We do not recommend taking out multiple loans to improve your score. In fact, multiple loans may negatively impact your Fundo Score and reduce your eligibility. Our priority is supporting sustainable lending outcomes and helping customers avoid financial hardship.

Your Fundo Score is not a credit score. It is an internal risk indicator scoring methodology used by Fundo.

How to Check and Improve Your Fundo Score

You can view your Fundo Score anytime via your online dashboard.

Explore more helpful guidance in our Fundomental Tips - created to help you stay on track.

Questions
or Need Help?

Our team is always here to assist. Chat with us online, call, or email- whichever works for you. We’re committed to making your experience with Fundo fair, transparent, and supportive.

The information provided on this page is general in nature and does not constitute general or personal financial advice. Any loan application submitted to Fundo is subject to our standard assessment criteria, terms, and conditions. Fees and eligibility criteria apply. Fundo may conduct a credit check depending on your application.

Everything you need to know
about our short-term loans

What do I need to apply? How do I qualify?

In order for your online loan application to be considered, you have to be at least 18 years old. You also need to have a regular income from a full time or part time job. This also includes government benefits and pensions. However, keep in mind that we usually don’t let your income come fully from government benefits or pensions.

Fundo is built on responsible lending. You will need to show that you can comfortably pay your repayments. We tend to disapprove loan applications if there is any risk of being placed in a financial pickle as a result of borrowing money from Fundo.

Can I apply outside office hours?

Yes! Our application form is 100% online, you can do it 24/7! Our friendly customer service team is here to help you from 9am-6pm, Monday-Friday, Saturday 9am-5pm and on Sundays from 9am-1pm Sydney time

Will you do a credit check?

We are responsible lenders. We lend to people with good credit and bad credit ratings, as we focus on your ability to meet your payments, not your past financial situation. So whilst we do check your credit, it plays a small role in our decision making.

We won’t do it without your express consent, which you provide to us when you apply for a Fundo Loan. As part of our credit assessment, we may decide that we need to check your credit history, in which case we will make an enquiry on your credit file.

How soon can I get my loan?

If everything goes well, and you submitted your application within business hours, chances are you can get your cash on the same day! However, delays do happen and if your application barely makes it in time for approval within business hours, considering banking processing delays, you may get your hands on your loan the next day instead.

Why should I choose small and easy online loans with Fundo?

When it comes to online money lenders in Australia, you simply can’t go past Fundo. Our quick and easy online loans follow a no-fuss application process and fast approval. Best of all, you can do it all from the comfort of home, and may even receive the cash on the same day!

What type of quick, small loans does Fundo offer?

At Fundo, we offer short term loans, no check loans, fast cash loans, and same day loans. Borrow up to $5000 and enjoy flexible repayments, no hidden fees or charges, and tailored loan terms.

What is the easiest loan to get online?

Our small loans all share a very easy online application and approval process. Simply meet our minimum requirements, including being 18 or over with regular employment income, and apply!

What is the application and approval process like for a quick and easy loan with Fundo?

Our application process is quick, easy and 100% online. And, provided you apply during business hours and meet all of our small loan requirements, we’re usually able to give you approval (and your funds) on the same day. Fundo truly is your answer to small, fast loans in Australia.

How can I contact Fundo if I have any questions about their quick and easy loans?

Our team is always happy to answer any questions you may have about our quick loans online in Australia. Simply call us on 1800 161 391, send us an email at hello@fundo.com.au, or use our online chat function!

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.

The Fundo Score

How It Works

A Score That Supports Better Outcomes