FUNDO
LOAN EXAMPLE

Borrow
between
$500 - $5000
Flexible
Payment
Terms
NO HIDDEN FEES
PAYOUT EARLY
FOR DISCOUNTS
Borrow
between $500 - $5000
Pay
up to 180 days
20% upfront establishment
fee 4% monthly fee

Small LOAN

Loan amount from $500 to $2000
Minimum 91+ days to Maximum 6 months
20% Establishment Fee and a flat 4% Monthly Fee*

Example

Loan Amount of $1,000 over 20 weeks repayable weekly. $1,000(Principal Amount) + $200(20% Establishment Fee) + $200(fees based on 4% per month over 20 weeks) = $1,400 total repayable in 20 weekly repayments of $70.00.

*The example assumes timely repayment as per the loan agreement, or additional fees and charges may apply.

MEDIUM LOAN

Loan amount from $2001 to $5000
Minimum 91+ days to Maximum 2 years
$400 Establishment Fee plus interest at 47.8% p.a. (Comparison Rate 66.58% p.a)*

Example

Loan Amount $2500 over 2 years repayable fortnightly. $2,500 (Principal Amount) + $400 (Establishment Fee) + $1553 (Interest) = $4453 total repayable in 52 fortnightly instalments of $85.63

*The comparison rate is specific to a $2,500 loan over a two-year term with a $400 establishment fee and fortnightly repayments. Any deviation in loan amount, term, or additional fees and charges can result in a different comparison rate, and the given comparison rate only applies to the presented example.

Applying for a loan or even looking up ‘loans easy approval’ online can be a stressful process. Apart from finding a suitable lender, you need to fill out complicated forms, wait for days or weeks to hear back, and worry if you’ll even be approved.

When you need cash fast, the last thing you want is to go through a lengthy process and wait for an answer that may not even be a ‘yes’. 

Luckily, Fundo makes it easy to apply for a loan with our simple online form. We even offer quick outcomes, so you can get closer to the cash you need fast!

Are there lenders who guarantee approval of bad credit loans?

It is possible to find lenders that specialise in providing bad credit loans, but it is important to note that no lender can guarantee approval for a loan. While some lenders may advertise loans easy approval, responsible lenders will still conduct reviews of your history and current financial status before approving you for a loan.

One way to improve your chances of being approved for one of the easiest loans to get with bad credit is to demonstrate that you have a reliable source of income and a track record of making payments on time. 

Additionally, you can look for lenders who are willing to work with people looking up ‘loans easy approval’ but have less-than-ideal credit – bonus points if they offer more flexible terms like Fundo does. We’re able to offer short-term loans to approved borrowers regardless of their credit score, as our main focus is on their ability to make timely repayments.

Our loans range from $500 to $2,000 with flexible repayment periods of up to 180 days, so you can budget your repayments according to your finances. We also highly encourage responsible lending habits, which is why we don’t charge early repayment fees, unlike most lenders. 

In fact, we encourage early repayments so our borrowers can avoid monthly fees and focus more on improving their financial situation.

What factors affect the approval of an online loan?

The approval of an online loan is often dependent on a number of factors. Every lender has their own criteria for approving a loan application, and most lenders will consider an applicant’s credit history when making a loan decision. At Fundo, however, your credit score only plays a minor role in our decision-making process.

To be eligible for our quick loans at Fundo, you must:

  • be at least eighteen years old at the time of your application;
  • be a citizen or tax-paying resident of Australia;
  • earn at least $300/week in regular income, excluding government benefits;
  • demonstrate an ability to meet repayment deadlines; and
  • not place undue financial pressure on yourself by borrowing from Fundo.

Borrowers who meet these requirements can feel free to go to our website, click on the ‘Apply Now’ button, and begin their loan application process there rather than searching for ‘loans easy approval’ online.

If you qualify for a loan with us, we’ll send you a unique loan agreement detailing all the terms and conditions of your loan. After you sign your loan documents, we’ll begin processing the transfer of your funds.

For those who apply and get approved to loan money online during business hours, it is possible to get your funds on the same day. If you apply outside of business hours, don’t worry; we’ll still make sure to get to your application as soon as possible, often on the next business day.

If you do get approved for quick loans online, we make it easy to manage your account with a self-service dashboard. You can view and update your account, keep track of your loan balance, duration, and payment dates, and even make or reschedule payments with this dashboard.

How many times can I apply for a loan if I am declined?

Generally speaking, if you are declined for online fast loans, you may be able to apply for the same type of loan again with the same lender or another lender after a certain period of time.

First, make sure you understand why your loan application was declined. Ask the lender for specific reasons why your loan was not approved, and use this information to make changes to improve your creditworthiness with them. You may need to pay down existing debts, correct errors in your credit report, or show proof of additional income.

Once you have a better understanding of what needs to be improved, you can focus on making changes rather than calling it quits and just looking at the results for ‘loans easy approval’ again. 

By taking the time to understand why your loan application was declined and addressing any issues, you can improve your chances of getting approved for a loan in the future without having to settle for searching ‘loans easy approval’.

At Fundo, we provide our borrowers with a way to increase their chances for loan approval, and we call it the Fundo Credit Score. 

The Fundo Credit Score is our unique credit scoring system that rewards you for being a responsible borrower. Actions such as repaying your loan early or on time, sharing feedback, and referring friends to Fundo will help boost your Fundo Credit Score. You will have a better chance of getting approved for a future Fundo loan if you have a higher Fundo score, so there’s no reason for you to go back online and search ‘loans easy approval’. 

Enjoy a seamless loan experience with Fundo!

Here at Fundo, we know that the reason so many people look up ‘loans easy approval’ or ‘instant loan Australia’ is that some of life’s biggest headaches can be solved with fast, simple loans. 

Whether there’s a sudden emergency or you need to cover some unexpected bills, our easy online form is a quick and easy way to get closer to funding when you need to get a loan today.

So if you need some fast cash, we can help! For more information about our online loans and other financial services in Australia, feel free to contact us via call, email, or our online chat function.

Apply for fast cash loans today with Fundo!

Disclaimer: Unless otherwise specified, the opinions expressed in this article are strictly for general informational and entertainment purposes only and should not be taken as financial advice or recommendation. Any commentary views are subject to change without notice at any time.