How Much Can I Borrow On Weekend Loans?

If you’ve caught yourself heading into the weekend with an unexpected yet urgent expense, you may have considered applying for instant weekend cash loans.

Don’t worry, you’re not alone. In just one month, Australians all over the country borrowed an estimated $2.29 billion in loans. There’s no shame in this: loans are intended to help people improve their quality of life, especially when emergencies and urgent needs occur.

That’s what we do here at Fundo as well. By making our weekend payout loans more accessible to a wider demographic of borrowers, we give people chances they’d otherwise not get from the more strict lending institutions. At Fundo, we consider your ability to repay your fast weekend loans too.

You’ll want to know the following details before heading to the loan application page.

How much can I borrow on weekend loans?

Instant weekend cash loans are a type of short-term personal loan. Generally, weekend loans are intended to cover small, one-time expenses, like minor house repairs or backup travel funds.

With that in mind, most weekend loans typically have a loan ceiling of $2,000. This is the same with Fundo, where you can borrow cash instantly through fast money loans, no-check loans, or same-day loans. Even better, we have no hidden charges – any required fees will be disclosed to you during the loan offer stage for transparency.

Fundo online loans also offer same-day disbursement or loan release for eligible applications. If you submit your application during our business hours, you’ll likely hear back from us within the day. Similarly, if your application is good to go, you may have your application approved and borrowed funds released on the same day as well.

We also want to remind borrowers that bank processes are separate from Fundo’s, and depending on your nominated bank, released funds may not appear in your account in real time. Don’t worry – we’ll also do our best to get your loaned funds to you as soon as possible.

Regarding loan eligibility, Fundo has the following requirements:

• must be at least eighteen years old when applying for a loan;
• must be an Australian citizen or permanent resident;
• must earn at least $500 per week;
• must demonstrate their ability to make their loan payments; and
• should not be placed under undue hardship by taking on a Fundo loan.

Fundo welcomes borrowers from all walks of life to apply for our instant weekend cash loans. That being said, we require borrowers to have a primary income source separate from their pensions or government benefits. This will improve your chances of having your loan application approved.

What are the repayment terms for a weekend loan?

While personal loans can reach up to seven years in terms of repayment schedules, instant weekend cash loans have a much shorter term, typically ranging from a few days up to two years in some cases. Because of the relatively small amounts involved with small fast loans, the repayment terms are also comparatively short.

This means that once you’ve completed a short-term loan, you can typically apply for a new one, giving or taking a few days for the lender to document and process your completed loan.

At Fundo, you have flexibility with the length of your loan term. We offer repayment terms of up to 180 days, and most of our borrowers opt for durations between five and twenty weeks.

It’s important to note that the shorter the repayment period, the higher the repayments will be. The bright side to this part is that your loan will be completed much sooner, so you can apply for a new loan if needed.

Speaking of new instant weekend cash loans, if you’re looking for ways to improve your chances of getting approved for your next loan, check out our Fundo Credit Score. This Fundo-specific credit rating improves when you refer us to your friends and family, leave us a positive review, and make your repayments on time. With the Fundo Credit Score, you’ll also be able to get better loan offers or get approved faster for a cash advance online.

Do weekend cash loans require an extra fee?

An unavoidable part of loans is that there are certain fees that lenders are required to ask for. However, we at Fundo adhere to industry standard fees for our credit products, including our short term loans – you won’t be charged unfairly, and any costs or fees associated with your loan are based on responsible lending laws in Australia.

If you have a Fundo quick cash loan or are planning on applying for one, you can keep track of any fees and other loan information through our self-service dashboard.

This dashboard, which you can access anywhere and anytime, will update your account status in real time. This includes repayment schedules, loan application status, and so much more. You’ll also receive free financial wellness advice from us, which will help you manage your Fundo instant weekend cash loans more efficiently.

If you have questions about what loans we offer, don’t hesitate to ask us. Our customer service team is available from 9:00 am to 6:00 pm Mondays through Fridays, and from 9:00 am to 5:00 pm on Saturdays.

Instant weekend cash loans are just easier, faster, and more convenient here at Fundo. Apply for a loan with us today.

Instant Weekend Cash Loan FAQs

What can I use an instant weekend cash loan for?

You can use an instant weekend cash loan for any urgent or unexpected expense you need when it strikes over a weekend. As we all know, life is what happens when we make plans - and it can surprise us to no end. Our car can break down or have a bingle; we might need to catch a plane across Australia or overseas that can’t wait; our washers, fridges, stoves, and appliances can break down and need replacing; special life events can happen spontaneously; or we’re hit with overnight medical or dental bills. You can use a small cash loan over the weekend for any purpose you like, as long as you meet our eligibility criteria and can pay back the loan on time and in full. You can apply for an instant weekend cash loan at any time during the weekend - and you can even call us on Saturdays and Sundays during our office hours. Not a phone person? Use your live text chat or email hello@fundo.com.au for support and guidance on your next itty bitty cash loan!

What information do I need to give Fundo for an instant weekend cash loan?

We'll just need to gather some basic information from you, like your name, address, mobile phone number (which is necessary to verify your identity), and email address. We'll also inquire about your present income and expenses situation. You don't need to provide precise dollar amounts, just be sincere and straightforward about your approximate earnings and expenditures. If your application is approved, we'll also need to verify your bank details for the deposit, as well as conduct any other necessary checks, such as Centrelink verification. You'll be done in just three minutes on average! You’ll be on your way to get a short term loan with Fundo.

How can I guarantee I can get the funds in 60 seconds once approved?

You will need to make sure your bank account is PayID or Osko enabled (also known as New Payments Platform or NPP). A PayID account can have a mobile number, email address, ABN, or other identifier attached to it to facilitate instant payments between banks. If your bank account is not PayID enabled, the transfer of funds may take longer. All Australian bank accounts can be enabled for PayID - contact your bank prior to application to set up PayID.

Can I get an instant weekend cash loan with bad credit?

Absolutely! At Fundo, we believe in giving everyone, regardless of their background, a fresh opportunity to access instant finance with bad credit loans. We don't make assumptions based on your past. Instead, we focus on your current financial situation to determine if you qualify for a payday loan. Actually, we don't even bother with a credit check if it's not needed. Start the application process by using our 24/7 dashboard. You'll receive the money in just 60 seconds if you're approved!

What is the Fundo credit score?

The Fundo credit score is our own internal credit scoring system separate from the usual credit reporting bureaus operating in Australia. Following consumer protection laws, we make our own determination as to whether you can get finance with Fundo. In some cases, we can allow no credit check loans for select customers!

How much can I borrow?

You can borrow any amount between $500 and $5,000. Our process is crafted to be enjoyable and uncomplicated, allowing you to effortlessly navigate through it. In addition, we offer you the flexibility to select from a variety of repayment options, giving you the freedom to easily repay your loan over a span of up to 180 days. You can enjoy the freedom of a two-year repayment plan for loans ranging from $2,000 to $5,000. You can access our application form on weekends or 24/7.

Much of my income comes from Centrelink, can I apply?

For sure! We are here to assist individuals receiving Centrelink or government benefits, including the Veterans' payment or NDIS, in obtaining a one-hour cash loan. If you want to get instant approval, is a minimum income requirement you need to meet ($1,000/wk). We will go above and beyond to assist you in getting approved. Our primary goal is to improve your financial situation, not make it worse.

How much are the fees and charges?

In your loan agreement, you'll find all the information you need about when and how to repay your loan, along with any fees or charges that may come up along the way. If you’re unsure, please contact us during our office hours.

Disclaimer: Please note that the opinions expressed in this article are solely for informational and entertainment purposes and should not be considered financial advice. The opinion expressed in the article can change at any time without prior notice.