Frequently Asked Questions (FAQ)
Same day funds up to $5,000
Same day funds up to $5,000
The demand for quick application responses and hassle-free applications has been steadily increasing and online lenders have seamlessly filled up this space, offering diverse loan options to borrowers, such as quick cash payday loans for emergencies or unforeseen expenses. 

Change comes to everything and loans in Australia are not exempt. The same is true about how loans are made in the country. Gone are the days when applying for and getting approved for a loan meant tiresome paperwork and endless waiting.

However, not all payday advance loans are designed the same across the board. What if you were looking for something just as robust or more robust but with more flexible repayment options?

If you’re imagining a world with personal loan options that meet your needs, then you’d want to learn about Fundo.

Applying for 24-hour payday loans in Australia is generally straightforward. Though the specifics vary between lenders and loan types, borrowers are typically required to provide proof of identity, residency, and income.

While we don’t offer fast payday loans at Fundo, we also have a similar set of requirements. The following eligibility criteria apply to all of our loan products:

Aside from these, we will look into your ability to meet repayment deadlines and whether borrowing from us will put you under undue financial strain. If you have any questions about our criteria, get in touch with us and we’ll happily answer!

Generally speaking, it’s becoming more common for easy loans to be released within days of being approved. This is also typical of many quick cash payday loans, short-term loans and no credit check loans.

Here at Fundo, if your application meets our criteria and has been approved, you may be able to receive your funds on the same day. That being said, banks may process fund transfers differently, so in some cases, payments may become available the day following your application. 

If your approved loan has been released, but you haven’t seen the amount in your nominated account yet, we recommend checking with your bank first regarding the transfer. On our end, we’ll do our best to confirm that the transfer goes smoothly from us to your bank.

Generally, online loans in Australia follow a similar application process among lenders.

First, you should have some idea of the type of loan you wish to borrow; this will help narrow your choice of lenders, whether you’re borrowing personal loans, quick cash payday loans, or cash loans online. Make sure you compare repayment terms and any associated fees and take note of the eligibility criteria of your chosen lender.

Next, have any documents ready and complete your application. At Fundo, you can apply for our personal loans through a fully online application process. If you submit during business hours and everything goes well, you’ll receive a response within hours, in most instances within the same day.

Some lenders conduct credit checks on all applications for quick cash payday loans they receive. As part of our commitment to responsible lending, we may also conduct a credit check in some instances. But don’t worry – your credit score only plays a small role in our decision-making process. We focus on other factors, such as your current ability to meet repayments. 

Finally, if your application has been approved, your borrowed funds will be released to your nominated bank account or digital wallet.

We recommend applying during business hours to increase your chances of hearing back on your application the same day. Our business hours are Mondays through Fridays (9.00 a.m. to 6.00 p.m.) and Saturdays (9.00 a.m. to 5.00 p.m.) Sydney time.

If you’re looking for alternatives to quick payday loans, then we have good news summed up in two words: Fundo Loans.

With a straightforward process that takes the dread out of applying for a loan, Fundo gives you a borrowing experience that feels like a breeze. We’re not here to offer you cash fast no credit check loans, quick cash payday loans, or payday advance loans, but a flexible alternative with our personal loans. 

We’re also open to considering applications from a diverse range of borrowers. While we don’t offer ‘quick loans no credit check same day’, ‘quick cash with no credit check’, or ‘loan money no credit check’ options, our small-to-medium personal loans are available to borrowers of various credit backgrounds. 

Fundo is your ideal alternative to payday lenders. Our way of offering personal loans means no confusing legal talk, no hidden fees and a hassle-free application process. Not only that, but we’re Australian-owned and managed, tailoring our small and medium loans to meet the unique needs of Australians just like you.

So, if you need quick and reliable loan options, check us out at Fundo and see how we can help you. Apply for a Fundo loan today!

Disclaimer: Please note that we do not offer quick cash 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.

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.