Last minute loans: they always seem harder to find when you need them most.

Part of this is that many online lenders leave out a lot of details, have services that are hard to find, or offer too much or too little than what you might need. Applying for a loan with traditional lending institutions, meanwhile, can take days or weeks just to hear back, which isn’t ideal if you need your funds immediately.

This is where direct lenders like Fundo come in. By making the lending process more accessible, we’re able to help Australians to fund their necessary expenses when they may otherwise not get a chance with other lenders. At Fundo, we welcome borrowers from all walks of life to apply for our last minute loans.

With that said, if you need a loan urgently for a one-time expense, then you’ll want to read on first before heading over to our application page.

Do fast cash loans online have a higher interest rate?

Last minute loans may have different interest rates, depending on the lender or loan provider. When looking into which cash advance or fast instant loans to apply for, it’s better to consider more than just the interest rates or monthly payments. This is because you may overlook the other aspects of an emergency loan by focusing only on interest rates.

For example, focusing only on the interest may mean you miss the other fees or costs associated with a loan. Check that your lender offers reasonable fees and that there are no hidden costs included in your loan total.

For our part, Fundo’s cheap easy loans have some fees that are required by lending laws in Australia. That being said, all of our fees adhere to industry standards and are disclosed to our borrowers from the get-go for transparency.

You can keep track of this information and more through our self-service dashboard. Fundo’s dashboard can be accessed from anywhere and at all hours, even on your mobile devices. You can use the dashboard to review your loan information, check the status of your current loan application and receive financial wellness advice that you can use for more effective loan management.

What should I consider before borrowing quick money online?

When looking into last minute loans, we have a few suggestions on what to look out for.

Key among these points is the loan amount. When borrowing funds for one-time expenses, it may be tempting to borrow above what you need or require, but you should also consider that doing so will affect your overall interest rate cost or any fees your lender may require you to pay.

Another point to consider is the length or duration of your loan. Many borrowers prefer shorter loan terms because the total interest rate cost is lower overall. It may be attractive to choose a longer term for your loan, but if you’re looking to save on interest rates, a shorter loan term may be more practical in the long run.

Finally, consider if the loan will require collateral or not. While last minute loans typically don’t have collateral for short-term unsecured loans, some types may require it.

Pawnshop loans, for example, may require some form of security, like electronics or jewellery. If you fail to repay your easy money loans on time for any reason, you may end up not getting back your security items.

There’s no worry about that here with Fundo, though. Our small personal loans don’t require collateral.  Speaking of requirements, however, we do have eligibility criteria for our borrowers.

• You must be over eighteen years old.
• You must be an Australian citizen or permanent resident.
• You must earn at least $300 a week on a regular income, excluding government benefits.
• You must demonstrate an ability to meet your repayments.
• You must not be putting yourself at risk of financial hardship by borrowing from us.

We encourage our borrowers to have an income source separate from their government benefits, allowances, or pensions to have a better chance of their last minute loans being approved. We understand, however, that each individual has a complex living standard, so please contact us if you would like to discuss your specific employment situation.

Where is the best place to get last minute loans in Australia?

There are a lot of places online where you can apply for a loan, but Fundo beats them out in several ways.

For starters, our applications for last minute loans are 100% online. We do everything online, from the application form to the processing and approval notices. Applications submitted during business hours may be reviewed on the same day, though each application is processed separately to ensure thorough review. This is part of why we can offer eligible applications same-day approval.

We also offer same-day funds release for approved instant cash loans, depending on your nominated bank. That said, Fundo’s processes are separate from borrowers’ nominated banks, so if your borrowed funds haven’t been reflected yet in your account, please contact your bank representative first. Don’t worry – we’ll do what we can on our end to get your funds to you as soon as possible too.

We also have the Fundo Credit Score, a special feature we offer to our borrowers. With the Fundo Credit Score, loans are more interesting – you can improve this score by paying your last minute loans on time, referring Fundo to friends and family, and leaving us positive feedback. The higher your Fundo Credit Score, the greater your chances of getting a better loan offer or your next loan application being approved faster.

When it comes to online direct lenders, Fundo’s the whole package. Why apply anywhere else when you’ve already found us?

We make easy fast loans fun here at Fundo. Apply for a loan with us today!

Disclaimer: This article only provides general information and entertainment and should not be construed as financial advice or recommendation. The article’s commentary and views may change at any time without notice.