Obtaining small loans from traditional lenders can be a challenging task due to their strict credit requirements and prolonged application processes. This can be particularly frustrating when you need to loan money fast, as standing in long lines at the bank, filling out extensive paperwork, and waiting weeks for a decision can be incredibly time-consuming. This is where online quick cash loans come in. 

Fundo offers online quick cash loans that you can conveniently apply for from home. No need to take time off your busy schedule or travel to the bank to submit your application. Our fully online loan application process lets you complete the form in minutes from a phone or computer. What’s more, you can use our small loans to cover different unexpected expenses from car repairs to medical emergencies. 

After knowing what Fundo has to offer you if you’ve been searching for ‘quick and easy loans Australia’ or similar terms, let’s look at common questions about online loans to help you make an informed decision.

What are the usual repayment terms for quick loans online?

Repayment terms for online quick cash loans can vary depending on the lender, the loan amount, and the borrower’s creditworthiness. Typically, an online loan cash option has shorter repayment terms than traditional loans that are usually set up as a series of regular payments, such as weekly or monthly. Not all lenders offer flexible repayment terms, however, so make sure to choose wisely. 

Fundo loans have a flexible repayment period of up to 180 days, giving you ample time to repay the loan according to your financial situation. Additionally, if you are able to pay off your loan before the end of the repayment period, you can do so and save on monthly fees.

We’ve made it easy for our approved borrowers to manage their online quick cash loans as well. We provide a self-service dashboard that makes it easy for qualified borrowers to keep track of their loan progress, plan their repayments, and access important loan information with just a few clicks. This way, Fundo borrowers can have complete control over their loans and stay on top of their payments.

Can I extend my quick loan if I can’t pay on time?

Whether or not you can extend your online quick cash loans, if you’re unable to pay on time, will depend on the lender you’re working with. Some online lenders may offer an extension or rollover option, which would allow you to extend the loan term and pay off the loan in smaller, more manageable payments over a longer period. Other lenders may charge you late payment fees on top of your loan. 

Ensuring you qualify for a loan before applying can help make sure that the required payments fit within your budget and that will be able to make the payments on time. If you’re interested in getting a Fundo loan, you must meet the following criteria:

• You must be eighteen years of age or older.
• You must be a citizen or permanent resident of Australia.
• You must have a minimum weekly income of $300, not including government benefits.
• You must have the capacity to repay the loan on time.
• You must not put undue financial pressure on yourself by borrowing from Fundo.

Do you qualify for our easy cash loans online? If yes, then you’ll be glad to know that applying for a Fundo loan is as easy and hassle-free as it can get. You just have to navigate our platform, click on the ‘Apply Now’ button, and follow the prompts. Our team will review your application and let you know the outcome as soon as possible. 

What should I do if I don’t have enough to pay my quick money loan?

If you’re unable to pay your loan – be it quick approval loans, online quick cash loans, or a different kind of loan – it’s important to contact the lender as soon as possible to discuss your options. In some cases, the lender may be able to offer a repayment plan that works for both parties. Others may require you to provide additional documentation to find an alternative for your situation. 

At Fundo, we want to make sure that when you take out a loan from us, you don’t end up in a financial bind. That’s why we make sure to do a comprehensive assessment of your loan application and give you an honest decision on whether or not we’ll be able to approve your loan. 

We consider multiple factors when evaluating applications for our online quick cash loans. This means that, in addition to credit score, we also take into account other factors such as income and ability to repay the loan on time, giving qualified borrowers with more complex financial situations a fair chance of getting approved for their loan. 

Returning Fundo borrowers don’t need to constantly look up ‘loan instant approval’ or ‘personal loans online Australia’ the next time they need a loan since they can apply again at Fundo within three clicks. Not only that, but returning borrowers can also improve their chances of getting a loan approval by working on their Fundo Credit Score. From leaving reviews and referring Fundo to your friends to limiting your loans with other lenders, you can easily increase your Fundo Credit Score for easier loan applications. 

Need small cash loans online? Apply for a quick loan now at Fundo!

Disclaimer: All opinions in this article are strictly for informational and entertainment purposes only. They are not intended to be financial advice. They may be changed without notice at any time.