What Are The Qualifications For A No Credit Check Loan?
Same day funds up to $5,000
Same day funds up to $5,000
If you are in a financial crisis, finding a short-term personal loan that can cover unexpected expenses can be challenging, so you try searching online for solutions related to your queries like ‘payday loan no credit check instant approval’.
You may think that you have no other choices left, especially if your credit score is less than ideal. Here’s where Fundo comes in handy. At Fundo, we provide fast outcomes for short-term personal loans that can cover your financial needs when unexpected expenses arise.
Instead of settling for a ‘payday loan no credit check instant approval’, learn how a Fundo loan can do more than just cover your cash gap.
Some alternative lenders only require the bare minimum of qualifications to be eligible for a no-credit-check loan or similar ‘payday loan no credit check instant approval’ options. However, these types of lenders typically have other requirements, like collateral.
At Fundo, we don’t offer any type of no-credit-check loan. As responsible lenders, we are obligated to do credit checks for all our loans. However, your credit score is not the only factor we consider in your loan application approval process. We understand that your financial situation can be complex, so we have reasonable qualifications for all Fundo loans.
Online applications are quick and easy at Fundo, and you can do it all online. If you wish to qualify for a Fundo loan, you must:
Based on the loan size you are applying for or to clarify the requirements you have submitted, we may contact you for more information or documentation.
When you need a fast loan, instead of immediately searching for terms related to ‘payday loan no credit check instant approval’ or ‘fast bad credit cash loans’, feel free to contact us at Fundo.
Applying for a ‘quick cash loan no credit check’ and other loans similar to ‘payday loan no credit check instant approval’ usually follows the same steps as most lenders.
At Fundo, you can apply for a loan entirely online within a few minutes. The loan application process is straightforward and can be done from the convenience of your mobile phone or desktop. On our online application form, declare how much you wish to borrow, and then disclose your general information.
If you’re a returning borrower, you can apply for a Fundo loan in as little as three clicks! The benefits of applying for a Fundo loan don’t stop there either.
You don’t have to settle for a ‘payday loan no credit check instant approval’ or another loan option related to payday loans online. At Fundo, you’re likely to find a quick small loan that fits your needs quickly while working on your financial wellness.
Your Fundo loan and repayments can be easily managed through our self-service dashboard. Additionally, you’ll find information on financial wellness and improvement – a big part of our vision for our borrowers.
Moreover, we also have the Fundo Credit Score. It’s an independent credit scoring system that’s based on the financial decisions you make with an outstanding Fundo loan. Your Fundo Credit Score will increase if you make your repayments on time, make referrals, or leave a review about Fundo. Your score can also improve if you use Fundo as your primary loan provider. The higher your Fundo Credit Score, the better chance you have of getting approved for a future loan.
While a good credit score can help you secure a cash advance loan or ‘payday loan no credit check instant approval’ quickly, in most cases your credit score has little impact on these types of loans as these types of loans focus on your other qualifications. However, they may come with higher interest rates to offset the risk of approving instant loans.
At Fundo, we provide outcomes for applications related to ‘personal loans small’ relatively quickly, but we still check your credit score. It plays a small role in our decisions, as we focus on other factors such as your current ability to pay. If you submit an application during business hours and everything goes well, you may receive an outcome on the same day.
Whenever you have questions about our loans, loan eligibility requirements, or even advice about which loans are suitable for your current situation, please do not hesitate to contact us. You can reach us by phone at (02) 9066 9660 or by email (hello@fundo.com.au).
Apply for a Fundo loan today!
Disclaimer: This article contains opinions and information meant for informational and entertainment purposes and that should not be construed as financial advice or recommendations unless otherwise indicated. We reserve the right to change any commentary without notice.
Increase your Fundo Credit Score to boost your chance of getting approved on your next loan.
Loan amount from $500 to $2000
Minimum 91+ days to maximum 6
months
20% establishment fee and a flat
4% monthly fee4
Loan amount from $2001 to $5000
Minimum 91+ days 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 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.
6 The example assumes timely repayment as per the loan agreement, or additional fees and charges may apply.
¹As soon as you sign your contract and if all other requirements have been met, 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 it is a weekend or a public holiday, the funds are usually received by the next business day. Fundo cannot guarantee that loan funds will be received within 60 seconds
²Applying for a loan with Fundo usually takes about 3 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.
We typically respond within 2 min or sooner.