$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.

If you are interested in applying for payday loans for bad credit, instant approval can be difficult to come by. However, it is possible to get approved for a loan even if you have bad credit. If you’re looking for an alternative way to get fast cash, you can turn to Fundo.

Fundo is a leading online lender in Australia that has helped thousands of borrowers get the cash they need to cover an emergency expense or unexpected event. Our range of loans can be used for any purpose, from home improvement to debt consolidation to car repair finance and more, so you don’t have to do your own research on ‘payday loans for bad credit instant approval’.

How does bad credit affect my loan applications?

If you're in a pinch and need payday loans for bad credit, instant approval may sound like a godsend, but you have to remember that there is no such thing as a guaranteed cash loan.

Having bad credit can have a significant impact on your loan applications in Australia. If you are trying to get cash now online, it can affect your ability to get approved for a loan, the amount of money you are eligible to borrow, and the interest rates you may be offered. 

If you have bad credit, lenders may be reluctant to give you a loan because it typically means you have a history of not making payments on time or not paying them off in full. This could be due to a variety of factors, such as personal financial mismanagement, job loss, etc. They may view you as a higher risk and not be willing to lend you money. 

These are just some of the reasons why people seek out payday loans for bad credit. Instant approval is not always possible with a payday loan, however, as having bad credit may cause lenders to require additional documentation or collateral before approving your loan application. This could include proof of income, bank statements, and copies of tax returns. They may also require you to provide security, such as a car or house, to secure the loan.

If you’re looking to get a short-term loan but are worried about your credit score, you can look to Fundo. Our assessment process looks into many other factors aside from your credit score, so we can get a better understanding of your financial situation. We analyse your spending patterns, income, and assets to help determine whether you can make your loan repayments. 

Because of this, you don't have to worry about your past mistakes or your current financial situation holding you back. Furthermore, we don't require collateral or charge hidden fees.

Do online loans also impact my credit score?

Just like any other type of loan, taking out an online loan can have both positive and negative effects on your credit score. 

Your credit score would be improved if you made all of your payments on time and in full for the entire loan term. This shows lenders that you are a reliable borrower who can handle the responsibility of repaying the loan. If you fail to make payments on time or fail to repay your loan in full, you could damage your credit score because this shows lenders that you may not be a responsible borrower. 

But instead of searching for ‘payday loans for bad credit instant approval’, take advantage of Fundo’s flexible terms to help you manage your loan responsibly and make repayments on time to potentially help improve your credit score. Our interactive online dashboard can help you keep track of everything, so you can make and reschedule repayments from your phone.

You can also use the dashboard to receive top tips from our team about financial wellness on different topics related to ‘payday loans NSW’ ‘cash advance app Australia’ or ‘weekend instant cash loans Australia’.

What should I do to avoid getting a bad credit score?

To avoid getting a bad credit score and having to resort to payday loans for bad credit, instant approval loan schemes, and more, there are several steps you can take. 

First and foremost, pay your bills on time. Late payments not only damage your credit score, they also incur late fees, which can add up over time. Make sure to review your credit report regularly to stay on top of any errors or incorrect information. If you find any mistakes, contact the relevant credit bureaus to get them corrected. 

Additionally, it can help to monitor your credit utilisation, or the amount of credit you're actually using compared to the amount that's available to you. Be mindful of the number of credit accounts you open, as opening too many new accounts in a short period of time can negatively impact your credit score.

At Fundo, we understand that a bad credit score is not necessarily a reflection of bad decisions.

That’s why, instead of placing the emphasis of our assessment on your credit score, we have introduced the Fundo Credit Score, which takes into account your entire history with us. Your Fundo Credit Score is independent of whatever credit score you may have with any of Australia's several credit reporting agencies, is only used by our approvals team to determine if you are qualified, and is never shared with any other lenders. 

By making repayments early or on time, leaving reviews, and referring friends, you can win points and increase your Fundo Credit Score. The higher your score, the greater your chances are of being approved for future loans from Fundo.

Take charge of your own financial health and take action to improve your score! Stop searching for ‘payday loans for bad credit instant approval’ and apply for a teeny tiny loan today with us at Fundo!

Disclaimer: This article does not contain any financial advice or recommendation, except as specifically stated. All opinions expressed are strictly for informational and entertainment purposes only. Any commentary views are subject to change without notice at any time.