$500 - $5000
between $500 - $5000
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*


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.


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)*


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.

If you need money to cover gaps in your budget, you might search online for loans for the unemployed on benefits. The problem is the number of results can be overwhelming and hard to sort through. You could end up taking out a loan that doesn’t fit your current situation. 

When you need to borrow money, it’s best to be aware of all your options and consider different factors to find the most suitable one for you.

While we don’t offer loans for the unemployed on benefits at Fundo, we do regularly work with people with complicated employment situations. We offer short-term personal loans with flexible repayment terms, but we can also help you improve your financial well-being through tips and advice on improving your financial wellness.

How to apply for debt consolidation loans for people who have bad credit and are unemployed? 

While it is possible to apply for debt consolidation loans for people who have less-than-ideal credit or are unemployed, it can be challenging to do so. The first thing you would need to do is find a lender, traditional or otherwise, to apply for this type of loan. While you can search for loans for the unemployed on benefits online, the requirements between lenders may vary.

Usually, you have to show proof that you can pay back the loan on time to make sure you won’t put yourself in financial trouble. When you apply for a loan, lenders typically take into account your unique situation. 

At Fundo, we similarly understand that your financial situation can be complex. For our personal loan options, we make sure that the requirements to get a Fundo loan are simple. While we require applicants to be employed, credit scores are only a minor factor in our assessments. We conduct credit checks, but we focus on the applicant’s ability to repay the loan. 

Instead of searching for quick approval loans or payday money loans, check out the flexible loan options with Fundo. 

Where can I find loans that don’t require proof of income?

Whether you’re looking for loans for the unemployed on benefits or loans for those still job-seeking, it can be hard to find a lender. It’s because they usually ask for proof of income since it’s used to determine if the borrower can repay the loan.

Consider reaching out to your state or territory government. They may have programs specifically for those with urgent needs. For essentials like school materials and food, your local community organisation may also be able to help.

At Fundo, since we don’t offer loans for the unemployed on benefits, we may ask you to apply at a different time if you can’t provide proof of income. However, if you do meet the requirements for a Fundo loan and are approved, rest assured that we’ll present all the details of your loan in easy-to-understand terms upfront as well as a detailed breakdown of all the costs associated with your loan.

Moreover, if you do choose to accept a Fundo loan, you can review the details of your loan at any point from Fundo’s self-service dashboard. You may even set the dashboard to notify you a few days before your repayment deadline so that you will never forget to meet your scheduled repayment terms. 

On the same dashboard, you can also receive daily tips and advice on managing your finances and improving your financial literacy in an engaging way day after day. Consider Fundo for a quick personal loan online today. 

Are there special loan lenders for job seekers or the unemployed?

If you’re looking for loans for the unemployed on benefits, you may be able to get some help from the federal and state governments. Centrelink, in particular, offers income support to eligible people. Get in touch with them to know whether you qualify for a payment.

Some private lenders may offer loans with more lenient qualifications and terms, such as lower credit score requirements or longer repayment periods. However, It’s crucial to carefully research and compare different loan options and lenders extensively before making a decision. 

Whether you’re searching online for loans for the unemployed on benefits, same day instant loans, or ‘personal loans online Australia’, there may be various options. The type of loan and the lender you should choose will vary depending on your unique financial history, income streams, and credit score. 

Contact us any time to learn more about Fundo loans or if you have questions like ‘What are payday loans?’. We are reachable by phone and email. You can get in touch with us from Monday to Friday, 9.00 a.m. to 6.00 p.m., and Saturday, 9.00 a.m. to 5.00 p.m.

There’s no need to look up bad credit cash loans anymore. Apply for a teeny, tiny loan with Fundo today! 
Disclaimer: All of the opinions expressed in this article are meant for general information and entertainment. Unless it says otherwise, you shouldn’t take what’s said in an article as financial advice. We reserve the right to change any opinion in this article based on new information and without notice.