$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.

When it comes to loans, same day approval can seem like a pipe dream if you’re applying with a bank. They typically take days to weeks just to get back to you, and if your credit score isn’t ideal, your chances of getting approved tend to be slim to none. It’s disheartening, and truthfully, it’s a bit unfair.

That being said, we all need a financial boost from time to time, whether it’s for an unexpected one-time expense, like a much-needed home repair, or a financial cushion for upcoming personal affairs, like a holiday trip. In some cases, a week-long wait is too long.

It’s because of situations like this that Fundo has made our small short-term loans more accessible by being 100% online. You can apply for our same day personal loans at any time, and if you are eligible, we could review, approve, and release your loan within the same day.

There are some facts about our process that you’ll want to know about first before applying for a loan. Let’s talk about some of them.

How quickly can I receive my money after loan approval?

A conservative turnaround time for online fast cash loans is anywhere from twenty-four hours to a week. That being said, when you search for ‘loans same day approval’, we know you want quick turnaround times.

For Fundo’s part, our instant quick loans follow a streamlined process. For eligible applications submitted within business hours, we may be able to provide you with an outcome on the same day. For approved applicants, same day release of funds is also possible.

It’s important to note, however, that our processes are separate from those of your nominated or selected bank. Your bank may take some time to process your loaned funds, even if we have already released them after your application was approved. 

Speaking of loans same day approval, if you’re curious about your application’s chances, you can check your Fundo Credit Score. This unique Fundo feature is our interactive scoring system, which gives our borrowers the opportunity to increase their chances of getting their future applications approved.

You can repay your same day small loans on time or earlier, refer Fundo to friends and family, and leave us feedback online to improve your Fundo score. The higher your Fundo Credit Score, the better your future application’s chances of getting approved at Fundo. This feature is free to use for all Fundo borrowers with registered accounts.

Can banks also do same day approval loans?

While we can’t speak for banks – Fundo is a direct lender and separate from a banking institution – there are loans for cash that can be approved within the same day, such as small payday loans. Same day loans tend to be less common with banks because they usually have higher documentary requirements and longer processing times.

At Fundo, meanwhile, we have a fairly quick turnaround on the applications we receive. We can’t guarantee loans same day approval or releases for all applications, but we do assure that we get to each application as quickly as our team can make it.

Regarding our application criteria, there are some eligibility factors we look out for during the review process. The eligibility criteria are as follows:

  • You must be at least eighteen years old to apply.
  • You must be a tax-paying Australian citizen or permanent resident.
  • You must be earning a minimum of $300 weekly before any government benefits or pensions.
  • You must have a demonstrable plan in place for completing your Fundo quick same day loans if you’re approved.
  • You must not be placed under undue financial pressure by taking on a Fundo loan.

With the minimum income requirement in particular, Fundo encourages borrowers to have an income source or stream of income that’s separate from any government assistance or allowances. This is because we follow the responsible lending laws of both the federal and state governments, which require us to exercise discretion if a borrower may be unduly stressed financially by taking on a loan.

As such, we may have to ask you to reapply at a later time if you currently rely solely on these benefits for your finances.

Finally, these criteria also do not equal guaranteed cash loan approval, but meeting them will help improve your application’s chances of getting a positive review from our loan consultants.

You may also reach out to our loan consultants for any questions about our loans same day approval processes or other similar topics. We can be contacted via email, phone call, or chat message from Mondays through Saturdays.

Which loans have the fastest and highest approval rate?

The answer depends on the type of loan you’re planning to apply for. Compared to a small personal loan, loans that have higher amounts or require collateral may often take longer to be approved.

That being said, we cannot speak for other types, as Fundo offers small short-term loans, same day approval possible, as a direct lender.

What this means for you as a borrower is that our fast small loans are more accessible to a wider range of individuals, including those with less-than-ideal credit scores that may otherwise be excluded entirely from applying at more mainstream lenders.

We think it’s not fair to judge an individual’s creditworthiness strictly based on their credit history or score, which is why we take other factors into account as well when someone applies for a quick small loan with us.

If you feel you need to explain or make your case with us, please don’t hesitate to reach out to our team. We’ll be more than happy to listen.

Here at Fundo, we make loans, same day approval processes, and other related services more interactive and engaging. Give us a try and apply for a new small loan with us today!

Disclaimer: The views presented here are not intended as financial advice or recommendations and are solely provided for entertainment or informational purposes. All commentary is subject to change without notice at any time.