$500 - $5000
NO HIDDEN FEES
between $500 - $5000
up to 180 days
fee 4% monthly fee
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.
What do Money Start Loans and Fundo have in common? Both are online lenders, but one may offer ideal options for your immediate cash gap.
Thanks to the progress of technology, we can now apply for small loans online. We can even do so in minutes – with the way Fundo’s applications are set up, the whole process is fully online, so you can apply at any time of the day or night from any mobile device you prefer.
But are online lenders built equally? And what differentiates them from one another?
If you’re here because you were looking for Money Start Loans, then let’s talk about why Fundo’s online loan cash options may be a more suitable choice for your needs.
Do online cash loans require weekly payments?
The answer depends on the lender and the terms you agree to. Each lender has different terms and requirements, and at Fundo, the eligibility criteria are as follows:
- You must be at least eighteen years old when you apply.
- You are an Australian citizen or a permanent resident.
- You earn at least $300 a week, not counting any government benefits.
- You have a clear and demonstrable plan for paying off your Fundo loan on time.
- Getting a loan from us won't put you under undue financial hardship.
Fundo’s small fast cash loans can be repaid on flexible terms, with borrowers able to repay for up to 180 days from loan approval. Borrowers can choose between weekly, fortnightly, and monthly payments. Eligible applications can get approved within the same day of submission, and a same-day fund release is also possible.
Speaking of topics like ‘loans fast approval’ or ‘money loans quick’, while Fundo’s turnaround on loan applications is fast, we do not guarantee instant approval. As responsible lenders, we conduct a comprehensive review of each loan application. In the same vein, if an applicant relies solely on government benefits or pensions, we request that they reapply at a later time.
How do I make payments to online loan lenders?
At Fundo, we offer different payment options, including paying through debit card, direct debit, or BPAY. For your convenience, you can set up automatic payments so you won’t forget your payment dates. You can even pay early without any penalties, which may help minimise your monthly account fees in the long run.
Fundo’s associated costs and fees follow the industry standard set by Australian legislation. We disclose our fees and terms to you at the loan offer stage. This is part of our transparency policy so that both lending and borrowing parties are aware of their responsibilities when transacting with one another.
Lenders like Fundo and Money Start Loans are required to follow responsible lending laws. This means that any small personal loans, same day instant loans, or secured payday loans must follow industry standards as set by these laws.
Is it a good idea to borrow emergency money online?
When you have emergency situations or one-off expenses, such as a needed vehicle repair, online loans may provide the funds you need. Nonetheless, there are some things to keep in mind when taking on a loan.
Make sure you can afford your regular payments.
When you take on loans but pay them past their schedule or if you default on your loans, then you might drop your score below ideal numbers and negatively impact your credit opportunities.
If you plan on borrowing instant online loans from lenders like Money Start Loans or Fundo, ensure that you’ll be able to repay on time. As responsible lenders, we at Fundo look into your current ability to repay a loan when reviewing your loan application, as we want to ensure that borrowing from Fundo won’t put you under undue financial stress.
Look out for scams or phishing expeditions.
Whenever you transact online, even outside of online fast money loans, take care to protect your personal information and avoid fraud or outright theft.
When in doubt about a lender, check if their licence is searchable online via the Australian Securities & Investments Commission (ASIC) registry. This is a public online registry; you can search by lender name under the Credit Licensee directories.
For our part, Fundo’s licence information is under the name ‘Fundo Loans Pty Ltd’. This information is also publicly available on our website.
Know what good loans mean to you.
Not every situation that calls for a loan is the same – and the good news is, neither are online lenders like Money Start Loans or Fundo.
Fundo’s quick short term loans are robust enough to address a wide range of loan needs and requirements, from small home repairs to holiday expenses. Not only that, we have several features that you won’t find elsewhere, like the self-service dashboard and the Fundo Credit Score, which aim to make cash lending and loans a more engaging experience for borrowers.
What matters is that you know what you need in terms of a loan and that you can demonstrate healthy repayment habits if Fundo can help.
A more interactive loan experience with Fundo
If you’re still looking for Money Start Loans, then here are a few more resources that separate Fundo from the pack.
As mentioned earlier, Fundo has a nifty feature called the Fundo Credit Score. This score gives our borrowers better chances on their prospective loans. The higher the score, the more likely you are to get approved for future loans with Fundo. Borrowers can improve this score by repaying their loans on time or earlier, referring Fundo to friends and family, leaving reviews, and using Fundo as their primary lender.
There’s also the self-service dashboard, our central hub for everything you need to manage your Fundo account. Through the dashboard, you can review your loan information, stay updated on your repayment schedule, and make or reschedule payments. We also send out financial wellness reminders, free of charge, to all of our borrowers who use the dashboard.
At Fundo, we want to build a relationship with you and help you improve your financial wellness. We believe that engaging you through interactive features is a way to do so.
So if you’ve been looking for Money Start Loans, give us a chance instead. Apply for a Fundo loan today!
Disclaimer: Unless specified, the article’s opinions are for general informational and entertainment purposes only. Any opinions or commentary do not constitute financial advice or recommendations. Any opinions or commentary are also subject to change without notice at any time.