If an unexpected expense arises over the weekend, you may be wondering whether you can organise a loan straight away. You can submit an application at any time, including Saturday.

Fundo provides regulated credit products to eligible Australians, including:

• Small Amount Credit Contracts (SACC)
• Medium Amount Credit Contracts (MACC)
• Personal Loans (for higher amounts)

Our online application is available 24 hours a day, 7 days a week. Applications submitted on weekends are processed once assessment resumes during business hours.

Loans are subject to credit assessment, eligibility criteria and approval.

Are weekend loans instant?

Some lenders advertise “instant” loans, but it is important to understand how the process actually works.

Fundo uses digital systems and verification tools that allow applications to be reviewed quickly once assessment begins. In many cases, decisions may be provided within the same business day when complete and accurate information is submitted.

However, there is no such thing as a guaranteed instant loan. All licensed lenders must assess suitability and affordability before approval.

If you apply outside business hours, including weekends, your application will be reviewed on the next business day. Once approved and accepted, funds are transferred as soon as reasonably possible.

Processing times vary depending on verification requirements, bank systems, time of day, and whether it is a weekend or public holiday.

What we offer

Small Amount Credit Contracts (SACC)

• Loan amounts: $500 to $2,000
• Loan terms: 5 to 39 weeks
• Cost: establishment fee plus monthly fee
• No interest

Medium Amount Credit Contracts (MACC)

• Loan amounts: $2,001 to $5,000
• Loan terms: 9 to 39 weeks
• Cost: establishment fee plus interest

Personal Loans

• Loan amounts: $5,000 to $10,000
• Longer structured repayment terms
• Cost: establishment fee plus interest

All loans are unsecured, meaning you do not need to provide an asset such as a car or property as security.

How weekend applications work

You can start an application at any time, including weekends or outside business hours. Applications submitted during these times are queued and reviewed on the next business day.

Our assessment team operates during business hours. For example, if you apply on a Sunday evening, your application will typically be reviewed on the next business day.

Once your application is complete, approved, and you have accepted your contract, funds are transferred to your nominated bank account as soon as reasonably possible.

Processing times vary depending on:

• Verification requirements
• Bank processing systems
• Time of day
• Whether it is a weekend or public holiday

How much can you borrow?

Loan amounts range from $500 to $10,000 depending on the product and your eligibility.

The amount you are approved for depends on your individual financial circumstances.

We consider:

• Your income from all sources
• Your regular expenses
• Existing financial commitments
• Whether you can comply with your repayment obligations without substantial financial hardship

Fundo assesses every application individually to ensure the loan aligns with your financial situation.

Who can apply?

To apply, you generally need to:

• Be at least 18 years old
• Be living in Australia
• Receive regular income of at least $1,000 per fortnight (may include government benefits)
• Demonstrate ability to meet repayments without financial hardship

Past credit issues may affect approval and loan terms.

If Centrelink is your sole source of income, the maximum amount that may be approved is $500, subject to assessment.

What it costs

Understanding the total repayment amount is important before deciding whether to proceed.

Small loan example

$1,000 borrowed over 20 weeks

• Loan amount: $1,000
• Establishment fee: $200
• Monthly fee: 4% of loan amount per month
• Total monthly fees: $200
• Total repayable: $1,400
• Weekly repayment: $70

SACC loans do not charge interest.

Medium loan example

$2,500 borrowed over 6 months

• Loan amount: $2,500
• Establishment fee: $400
• Interest: $389
• Total repayable: $3,289
• Fortnightly repayment: $253

Personal loan example (illustrative only)

$7,000 borrowed over 12 months

• Establishment fee and interest apply
• Repayments structured over the agreed term

These examples are illustrative only. Actual costs depend on loan amount, term, fees, interest and repayment behaviour.

Repayments

Repayments are set out in your contract and must be made as scheduled.

Repayment frequency options may be available depending on your circumstances, such as:

• Weekly
• Fortnightly
• Monthly

These are aligned to your income cycle but are fixed once agreed.

Before you decide

Short-term and personal loans may help address unexpected expenses, but they are not suitable for everyone.

Consider whether:

• The expense is one-off
• You can comfortably meet repayments
• There are alternative options available

Other options to consider

Before applying, you may wish to explore:

• Payment plans with service providers
• Using available savings
• Free financial counselling

You can contact the National Debt Helpline on 1800 007 007 for free, confidential and independent assistance.