Do I Need A Guarantor For Online Loans?
Same day funds up to $5,000
Same day funds up to $5,000
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We approved 320+ loans in the last 24 hours!
Everyone needs some cash on short notice, and the traditional route of a bank loan is often too slow to be of any immediate help. Because of this, many Aussies turn to instant loans online instead, but unfortunately, online searches for ‘online instant loans Australia’ or ‘instant cash loans guaranteed approval’ don’t always lead to loan options that suit your needs. That’s where Fundo comes in.
We offer small loans with flexible repayment options to fit your needs. Our online application form is user-friendly and easy to complete in just a few minutes. No need to leave the house or spend hours searching for the right loan option – all you need is an internet connection and a device to apply for quick loans online at Fundo from anywhere you are in Australia.
If you have additional questions about instant loans online or what else Fundo can do for you, you’ll find the answers below.
Whether or not you need a guarantor for instant loans online depends on the lender and the specific loan product you are applying for. Some online lenders may require a guarantor as a form of collateral, while others may not require a guarantor for their loan products. It’s important to know the requirements and terms of the loan you are considering, as these can vary between lenders.
Wondering if you qualify for Fundo’s online fast loans? To qualify for a loan with us, you must:
If you qualify for a Fundo loan and plan to apply for our small loans today, please include your personal and financial details in your application form to help our team expedite the process. Be sure to include the following information in your application: your regular income, any government benefits you receive, personal identification (such as an Australian driver’s licence, proof of age card, or passport), and bank account details (including the name of your bank, Banks-State-Branch (BSB), account name, and account number).
Instant loans online applications sometimes require references as a way for the lender to verify information about the borrower. A reference can be a personal or professional contact who can provide details about the borrower’s character, creditworthiness, or financial stability.
But it’s important to note that different lenders may have different lending criteria and processes for deciding on loan applications. To help you avoid delays or disappointments, it can be helpful to understand what factors your lender will consider when evaluating your loan application.
At Fundo, we take a holistic approach to loan decision-making, which means we consider multiple factors when evaluating loan applications. This can give borrowers with a more complex financial situation a chance to get approved for a quick easy cash loan. We consider factors like income, credit history, and the ability to repay the loan on time to provide fair, responsible lending to our customers.
Do we offer loans with no credit check? We still check credit scores, but we understand that they aren’t the only factor in determining a borrower’s creditworthiness; it’s just a minor aspect of our decision-making process. This means that even if you have a less-than-stellar credit rating and have been searching for ‘no-credit-check instant loans online’, you may still be able to get a loan with us.
If you’re considering instant loans online or other quick finance loan options, you might wonder if the lender will contact your references as part of the application process. While some lenders may only ask for your financial details to verify your employment and income, others may contact your references directly.
It’s essential to understand what information your lender may ask for before applying for online instant loans in Australia – or any type of loan, for that matter – so you can be prepared and increase your chances of a successful application.
Fundo makes sure that our borrowers have a clear understanding of the loan process and what to expect. That’s why, in addition to providing a list of the information that may be needed during the loan application process, we also give a clear breakdown of applicable loan fees. This way, our borrowers know exactly what they’re paying for and can have a smooth loan experience with us.
If you apply for a Fundo loan and get approved, you’ll have access to a self-service dashboard where you can easily manage your loan repayments. This includes tracking your loan progress, viewing loan information, and scheduling repayments. You’ll also find tips on improving your Fundo Credit Score, such as leaving reviews and limiting your loans with other lenders. A higher Fundo Credit Score can increase your chances of being approved for your next loan with us.
Now that you’ve found Fundo, you’ll no longer have to search for ‘instant loans online’ or ‘quick instant loans’ endlessly. Apply for a small loan at Fundo today!
It is important to note that the information provided in this article is intended for informational and entertainment purposes only and is not intended for financial advice. The views expressed in this article are subject to change without notice at any time.
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 91+ days to maximum 6
months
20% establishment fee and a flat
4% monthly fee4
Loan amount from $2,001 to $5,000
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 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)
