Is There A Required Income To Qualify For A Payday Loan?
Same day funds up to $5,000
Same day funds up to $5,000
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You need money, and you think getting payday instant loans at your local bank is the best way to get quick instant loans. But a traditional loan may require you to deal with multiple bank visits, mountains of paperwork, and long waits for approval. You might have better luck with quick loans online, but before you start scouring the internet with searches for ‘payday cash advances’, know that Fundo can help.
At Fundo, we understand that you don’t want to waste your time with tedious paperwork when you need online fast loans. That’s why we’ve made it easy for you to apply for a loan online without the hassles of paperwork. Simply visit our website, fill out our online application form, and wait for a decision. It’s that easy!
We understand that you may have other questions related to payday cash advances, so we’ve answered common questions about payday advance loans below to help you make an informed decision when applying for Fundo loans.
It’s typically required that you have a regular source of income to qualify for payday cash advances or other quick finance loan options. Lenders will want to see that you have a steady income when assessing your application to see if you’re able to pay back the loan on time. However, the specific income requirements may vary from lender to lender, so it’s good to see if you meet their requirements.
If you’re interested in applying for a Fundo loan, here are our minimal loan requirements:
Fundo takes a comprehensive approach when assessing your eligibility for a loan to offer fair and reasonable loan terms that work for you. We consider other factors, such as your credit score and current ability to meet repayments, among many other important factors, to better understand your financial situation and ability to make timely loan repayments.
Some lenders offering payday cash advances require you to provide a reference – someone who can vouch for your character and financial stability – on your loan application. It’s ideal to choose someone who knows you well enough to speak about your character and financial responsibility, such as your current or former employer, a trusted friend, or a family member.
It’s possible that you may have been confused about a lender’s application process in the past, which led you to ask this question. But at Fundo, you don’t have to worry about dealing with complicated procedures and confusing jargon because our process is straightforward and hassle-free. Simply navigate our online platform, click on ‘Apply Now’, and follow the prompts to complete your application.
Returning Fundo borrowers can even complete their application in just three clicks. And if you submit your application during business hours and everything goes smoothly, it’s possible to receive the funds in your account within the same day.
If you’re considering applying for payday cash advances or other small loans quick options, you may be wondering if the lender will contact your workplace as part of the application process. Generally, lenders only ask for your most recent pay cheque to verify your employment and income, but it’s possible that some may contact your workplace.
It’s important to know what information your lender will ask from you before applying for payday cash advances or other types of small loans to ensure you’re ready to supply them with what they need and have a smooth loan application process. Take note of the information Fundo may ask you so you can be prepared and increase your chances of a successful loan application.
Please include information about your regular income, government benefits, and personal identification (such as your driver’s licence or passport) in your online application. Additionally, make sure to provide us with your bank account details, including the name of your bank, the Bank-State-Branch or BSB, and your account number, so we can process your loan application as efficiently as possible.
Once you get approved for a Fundo loan, you get a self-service dashboard where you can manage your loan repayment, track your loan progress, view loan information, and schedule your repayments. You’ll also see tips on improving your Fundo Credit Score, such as leaving reviews and limiting your loans with other lenders. A higher Fundo Credit Score increases your chances of getting approved for your next loan.
No more endless searches for ‘payday cash advances’ or ‘quick easy cash loan’ now that you’ve discovered what Fundo can do for you. Apply for small loans today at Fundo!
Disclaimer: Please be aware that the information provided in this article is for informational and entertainment purposes only and is not intended as financial advice. The views expressed in this article may be subject to change at any time without notice.
Safe
and Secure. 5 min
application²
Kim S.
Ellie P.
Robert D.
Safe
and Secure. 5 min
application²
Safe
and Secure. 5 min
application²
Loan amount from $500 to $2,000
Minimum 5 weeks to maximum 6
months
20% establishment fee and a flat
4% monthly fee4
Loan amount from $2,001 to $5,000
Minimum 9 weeks to maximum 2 years
$400 establishment fee, interest at
47.80% p.a. (comparison rate 66.58% p.a.)5
4 Fees are based on loan principal advanced.
5 Comparison rate is based on an unsecured loan of $2,500 over a term of 2 years.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
6 The example assumes timely repayment as per the loan agreement, or additional fees and charges may apply.
Safe
and Secure. 5 min
application²Terms and conditions and fees and charges apply. Approval and loan amount are subject to our credit assessment criteria.
¹As soon as you sign your contract, we instantly send the funds to your nominated bank account. If your bank works with the New Payments Platform (NPP), most customers see funds in their account within 60 seconds. If your bank is not NPP enabled, or its a public holiday, the funds are usually received by the next business day
²Applying for a loan with Fundo usually takes about 5 minutes. However, this time can change based on a few things, such as your typing speed, the device you're using, and whether you have all the necessary information ready to go.
³As the approval process is influenced by various external factors, we can't guarantee that you'll receive a decision on the same day. However, most of our customers do receive a same-day response to their application with Fundo, if they submit their loan application and all the requested supporting information by 4pm Sydney time during a regular business day.
Fundo is an Australian direct lender that offers short-term, small loans without any legal jargon or red tape. Our online loans are designed to provide access to a broad range of qualified applicants, including those with less-than-perfect credit.
Finding small loans with flexible repayment terms is now a reality with Fundo - no need to keep searching for 'Debt Consolidation Loans Bad Credit', 'Personal Loan With Fast Approval', or '24 Hours Cash Loans'. Applying for Fundo loans in the future gets more engaging when you pay off your loans in advance penalty-free while also increasing your chances for approval.
Fundo believes that eligible applicants should be able to get closer to the loans they need. If you've been looking for small cash loans through search terms like 'Instant Approval Loans Need Cash Today', 'Payday Loans No Credit Check', or 'Savvy Loans', then you can stop looking now - let us show you how easy it is to apply for a loan with Fundo.
We typically respond within 2 min or sooner.
I'd like to borrow ($500 - $5000)
