Payday Loans
Same day funds up to $5,000
Same day funds up to $5,000
They say money can’t buy everything, but it can let you experience life a little more, which is why more people have been looking for urgent payday loans.
At Fundo, we don’t offer payday loans, but we understand the need for fast financing. Instead of being restricted by the rigid payment schedule and steep fees associated with payday loans, wouldn’t you rather try personal loans with flexible terms and added benefits?
Don’t stress out about repaying a payday advance on your next pay; let yourself breathe easier with a flexible option. Join us as we show you our versatile, friendly and tech-savvy approach to lending, offering you a smooth borrowing experience that leaves you feeling valued, empowered and secure.
You and your aspirations should never wait. With speedy yet reliable credit products, buying what you’ve dreamed of becomes a seamless task. Many borrowers turn to small payday loans or other payday advance options as a way to access fast funding, only to be saddled with strict repayment methods and hidden fees.
While these options still have their place today, conventional loan procedures are typically fraught with physical paperwork, extended waiting times, and rigid qualifications, often hindering spontaneous purchases. For this reason, online payday loans and other similar options like 24/7 weekend loans have gained some traction.
At the end of the day, if you’re looking to make a quick purchase, it’s all about a streamlined process.
We at Fundo understand this, and we’re providing our personal loans to eligible borrowers. Rather than using payday advance loans, explore Fundo’s loans. We offer a completely online application process and special borrower benefits.
We’ve taken the hard manualwork out of the loan application process. Our user-friendly platform simplifies borrowing, streamlining your application into simple steps that are easy to understand and follow. Designed with your convenience in mind, our innovative system ensures that a short and simple digital form is readily available – because we believe that fast cash should be accessible.
Trust and transparency are the bedrock of our relationship with you. Unlike some payday loans online, we uphold a no-hidden-fee policy with our personal loans, ensuring you have a clear view of your loan terms during the offer stage.
Our aim is not just to provide cash loan options as an alternative to online payday loans but also to inform our customers, making sure they completely understand what they’re applying for. At Fundo, we know that your trust in us is just as important as the options we provide.
We have a commitment to transparent, reliable, and understanding service, so you can count on us as more than just a lending platform.
We know that everyone’s financial situation is different, and we celebrate that uniqueness. A ‘one size fits all’ approach shouldn’t apply to loan repayments, and that’s why we offer flexible repayment options.
We’ll craft a repayment plan that works for you. How? We make it easy to share details about your situation with us, so we can take into consideration your individual circumstances and personally tailor your repayments to ensure they are manageable for you and won’t put you under undue pressure. After all, we’re in this together!
Our self-service dashboard is your personal financial control centre. This intuitive feature is a testament to our commitment to a pleasant borrowing experience. With just a few taps on any smart device, you can view and update your account, refer and earn points, check your exclusive Fundo Credit Score, and even make payments or reschedule them.
To us, your convenience is truly our success story.
Not at all - our payday loans can be paid back within a minimum of 91 days if you take out a small loan ($500-$2,000) and up to two years for a medium loan ($2,001-$5,000). Remember - the longer the loan term, the more interest you will pay. All this will be laid out in plain English in your loan agreement before you agree to the loan contract. If you’re ever in doubt, please contact us on 1800 161 391 or email hello@fundo.com.au.
No - you can borrow as little as $500 to $5,000 - it doesn’t need to be the same amount as your weekly, fortnightly, or monthly wage or pay.
The term “payday” loans originate from the United States, in which payment of the loan was required by the customer’s next payday, which was (and still is, in some industries) usually in the form of a cheque issued by the company’s bank.
We will ask you some basic questions about yourself such as your name, address, mobile phone number (required to authenticate your identity), and email address. We’ll also ask you about your current income and expenses situation - you don’t have to be accurate to the dollar, just honest and upfront about how much you roughly make and spend. We’ll also verify your bank details for the deposit if your application is approved, and any other checks such as Centrelink verification if needed. The entire process only takes about three minutes on average!
Fundo makes lending fun by assessing your loan eligibility using the Fundo credit score as part of, or instead of your credit history kept by credit reporting bureaus (illion, Experian, etc.) If you pay back your loans in full and on time, your credit score goes up, which means access to great perks. As long as you keep paying back your loans without delays, your Fundo credit score goes up, up, up!
Here are some ways to ensure your Fundo credit score always trends in the upward direction:
Yes - we help everyone from all walks of life get a second chance at finance at Fundo! We don’t judge you on your past - we look at your financial situation right now and assess whether you’re eligible for a payday loan. In fact, for some customers, we don’t even conduct a credit check if it isn’t necessary. Use our 24/7 dashboard to begin the application process. If you’re approved, you’ll get the money within 60 seconds!
Yes - we will ask what you may be using the payday loan for as part of our commitment to responsible lending. However, we won’t ask anything personal, e.g., anything specific you intend to purchase or replace such as what part you’re trying to fix on your car. Your Fundo payday loan is your business - as long as you pay it back on time and in full, we’re happy to help!
No - all our small and medium cash loans are unsecured, which means you don’t have to provide an asset or collateral in order to be approved for the loan. That means you can rest easy knowing none of your assets are at risk when you borrow a teeny tiny loan from Fundo.
These types of loans pay off specific invoices issued by a retailer or service provider and don’t give you cash in your account. This may be inconvenient as you may have more than one unexpected bill to pay, need to pay for associated costs such as transport to and from a retail outlet to pick up new whitegoods (as an example), fees and charges on certain items, and other costs. A no-interest loan (NIL) may also have strict eligibility criteria, and approval can take up to a few days to a week before your invoice is paid - which is no comfort for someone who needs to pay for immediate travel or repair work, for example. NILs are also capped at $2,000 for urgent invoices and $3,000 for emergency repairs in the event of a disaster.
Payday loans can also be used for whatever you wish, as long as you can prove you can pay back the loan on time and in full.
Disclaimer: Please note that we do not offer payday loans. At Fundo, we provide personal loans and may be able to help you, like the thousands of Australians we have already helped.
Unless otherwise specified, the opinions expressed in this article are strictly for general informational purposes only and should not be taken as financial advice or recommendations. Any views are subject to change without notice at any time.
Safe
and Secure. 3 min
application²
Kim S.
Ellie P.
Robert D.
Safe
and Secure. 3 min
application²
Increase your Fundo Credit Score to boost your chance of getting approved on your next loan.
Safe
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application²
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.
Safe
and Secure. 3 min
application²¹As 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.
I'd like to borrow ($500 - $5000)
