$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.

Even if you need money fast, you know there may be better options available, but you’re unsure where to start. You may begin by searching online for ‘pay day loan Australia’ to find answers, but this isn’t your only option to gain access to small loans. 

Learn about our loans and how borrowing with Fundo may help you improve your financial well-being instead of relying on other options found through searches for ‘pay day loan Australia’.

How do payday loans work in Australia?

In Australia, payday loans are small loans that provide quick financial relief in the case of unexpected expenses. These types of loans usually do not require the borrower to put up any collateral, but they do have a short timeframe for repayment and need to be paid in full on your next paycheck. However, some payday loan lenders may require collateral, usually valuable possessions, from borrowers with lower credit scores as a protection measure, also known as secured payday loans.

When looking up ‘pay day loan Australia’ or ‘easy cash advance loan’, it’s good to keep in mind that these usually have minimal application requirements and faster approval times but stricter loan terms and conditions.

While we don’t offer payday loans at Fundo, our short-term personal loans provide quick financial relief and a quick online application process, along with transparent terms and conditions. We usually examine a combination of factors when deciding whether to approve your application. If you apply and get approved within business hours, you can receive your loan on the same day! 

Instead of relying on an online search for ‘pay day loan Australia’ for quick cash, you can apply for a quick personal loan online at Fundo.

Are there limitations to using payday loans?

Before selecting a result from your search for ‘pay day loan Australia’, it’s important to know the limitations of these kinds of loans. Payday loans have smaller loan amounts, stricter repayment terms, and higher-than-normal fees.

Before choosing a ‘pay day loan Australia’-related option, you should consider the terms and conditions of the loan and make sure they’re right for you and your ability to make repayments.

If you’re looking for a lender that allows more flexible repayments while taking into consideration your unique financial situation, consider borrowing  instant small cash loans from Fundo instead. We offer quick short-term loans from $500 to $2,000 with repayment terms of up to 180 days and a quick application process, so you don’t have to opt for riskier loan products.

Can people on benefits apply for payday loans?

Depending on the lender and their policies, people on benefits can apply for payday loans or other loans related to ‘payday in advance’. For most lenders, you need to provide some sort of proof of income or prove your ability to meet repayment terms, and some may also require additional documentation or stricter measures before you can obtain a loan.

At Fundo, even if we don’t offer payday loans, we offer quick short-term loans from $500 to $2,000 with a simple application process. We understand that you need cash immediately if you’re looking online for ‘pay day loan Australia’, so we make the loan application as streamlined as possible. The only thing you’ll need to do is declare the amount you wish to borrow and fill out a general information sheet.

To qualify for a Fundo loan, you must:

  • be at least eighteen years old;
  • be a permanent resident or citizen of Australia;
  • earn at least $300 per week, excluding government benefits;
  • show an ability to make repayments deadlines; and
  • ensure that you aren’t putting yourself in financial hardship by borrowing from Fundo.

At Fundo, we understand how difficult it can be to find short-term loans when your financial situation is less-than-ideal. While we still do credit checks as responsible lenders, we want to help you get the money you need. Your credit score plays only a minor role in our loan evaluation, and we consider other factors, such as your ability to repay your loan.

Besides your credit score being just one of several factors in our decision to approve your loan application, we also provide approved borrowers with a Fundo Credit Score, our unique credit scoring system separate from traditional credit that tracks and rewards positive borrowing habits. From making repayments on time to referring Fundo to friends and family, you can easily improve your Fundo Credit Score to increase your chances of approval for future Fundo loan applications.

You can keep track of your Fundo Credit Score, outstanding loan, and repayment schedules all on our convenient self-service dashboard. You can also gain access to information about responsible money management and how to maximise your loan here.

Contact us any time if you have any questions like, ‘What are payday loans?’ or need clarification on our application process. We are reachable by phone and email from Monday to Friday, 9.00 a.m. to 6.00 p.m., and Saturday, 9.00 a.m. to 5.00 p.m.

Instead of searching online for ‘pay day loan in Australia’, apply for a Fundo loan today!
Disclaimer: The opinions in this article are for general information and entertainment purposes only and should not be taken as recommendation or financial advice. Any statement made in a commentary may be modified without notice at any time.