$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.

Online Payday Loans

Have you been looking for an online payday loan today? Unexpected expenses can be overwhelming, especially if you don’t have the money to cover them. Overdraft fees and late fees can be expensive, and it’s often difficult to find a loan that fits your specific needs.

An online payday loan can provide a quick and easy solution to unforeseen expenses. With fast approval times, they are a great way to cover short-term cash needs without having to worry about long-term debt.

What can a payday loan be used for?

An online payday loan is a short-term loan that provides a small amount of money to borrowers who require immediate funds. These loans are typically used to cover expenses that arise unexpectedly, such as emergency home repairs, medical bills, and other unexpected costs.

They can also be used to help cover the gap between paychecks, enabling individuals to avoid expensive overdrafts or late payments. The idea is that an online payday loan is meant to be repaid in full when the borrower receives their next paycheck, hence the name. Some of the common uses for it are:

  • As dental loans

    Try as you might to brush and floss twice a day, you never know when you might encounter a dental emergency. When you least expect it, your toothache could flare up and leave you in need of immediate treatment. If you have no insurance or other coverage for dental procedures, dental loans can help cover the cost of emergency care.

  • As a home renovation loan

    A home renovation loans is a type of personal loans that can help you pay for home improvements. These loans are often used to improve the value of your home to increase its resale value, but they can also be used for cosmetic renovations or repairs that will enhance the overall condition of your property.

  • As a travel loan

    A travel loans is a type of loan that can help you pay for your next holiday. These loans are often used to cover the cost of airfare, hotels, and rental cars, but they may also be used for other types of travel-related expenses, like tours or excursions at your destination.

Is it easy to apply for an online payday loan?

With the right lender, those looking for an online payday loan can find what they need through a relatively straightforward process.

Fundo makes the experience of borrowing as simple and easy as possible. We won’t bog you down with a lot of paperwork or make you jump through hoops to get your money. All you have to do is fill out our secure online application.

It takes just a few minutes to input the necessary information, like a valid ID, proof of income, government benefits, and bank details. Afterwards, your loan status (approved or not) can be communicated to you quickly online.

To be eligible, you must meet the following requirements:

  • be an Australian citizen or permanent resident
  • be at least 18 years of age;
  • have a weekly income from a full-time or part-time job of at least $500, excluding government benefits;
  • show that you can meet deadlines for repayment; and
  • not place an excessive financial strain on yourself by borrowing money.

Most cash advances can be processed the same day if you apply during business hours. In case your application barely meets the deadline for processing within business hours, if approved, you can still receive your loan on the next business day.

How much can I borrow from an online payday loan?

The average loan amount varies from one lender to the next. Many lenders establish a high minimum loan amount, which can make it difficult for some people to access the financial assistance they need.

This is especially true for those with limited income or assets, who may not be able to get approval for the large amounts required by many traditional lenders. Getting the money you need to pay for important things like home repairs, medical bills, or school costs can be very challenging. It’s no wonder that ‘online payday loan’ searches have grown in popularity.

That is where Fundo’s smaller online loans can help. By providing access to lower minimum amounts, Fundo can help more people get the financial support they need, even if they don’t have the resources to borrow large sums from traditional lenders. We help make it easier for people to cover unexpected expenses, pursue new opportunities, or simply manage their daily finances more effectively.

To assist our customers through a journey of financial improvement, we use a self-service dashboard to provide helpful tips on all kinds of topics, from savy loans to wedding loans.

We also offer the Fundo Credit Score – a rewards system designed to incentivise healthy financial behaviour. You can boost your score more quickly by making Fundo your primary lender, leaving reviews, inviting friends, and, most importantly, paying on time. This will allow you to receive discounts and have higher chances of getting approved.

If you’ve been searching for an online payday loan to pay for an unforeseen expense, look no further than Fundo. Apply for a short term loan today!

Disclaimer: The opinions expressed are for general informational and entertainment purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific investment product. It is only intended to provide education about the financial industry. The views reflected in the commentary are subject to change at any time without notice.