Trying out the first few quick loan apps you find online can be tempting when you have unexpected expenses to cover. It may not be the option you need, even if you need money immediately. 

When you need money, it’s crucial to consider all aspects of your financial situation and the loan options available before deciding on quick loan apps as your go-to solution. It’s not all black and white. You should consider how much you need to cover loans, the terms and conditions involved, and your ability to make repayments. 

At Fundo, we offer short-term personal loans of up to $2,000 with flexible repayment terms of up to 180 days and an easy way to apply for a loan online. There are also no hidden fees. You’ll know what you need to pay upfront. Plus, if you apply and get approved during business hours, you’re likely to get the money the same day.

Learn more about Fundo and what we can do for you if you’re looking for quick loan apps.

Are quick loan apps a secure way to get money?

In most cases, quick loan apps are a secure way to get money quickly and conveniently from wherever you are. However, there are some things you need to ensure before considering loan apps. You should only consider loan apps if they have a valid Australian credit licence. 

At Fundo, not only do we have an Australian credit licence, but you can also trust us to help you improve your financial wellness and get the money your situation requires. Not only do we provide you with quick short term loans, but we also offer a range of Fundo-exclusive benefits to our borrowers. 

How does Fundo benefit me?

Instead of looking for quick loan apps and cash loans online, Fundo can help you cover sudden budget gaps when unplanned bills arise. With Fundo, you’ll likely find small, short-term personal loans of up to $2,000 with flexible terms and conditions that fit your needs.

Apart from quick personal loans online, we offer borrowers a range of benefits that teach them good financial habits in a fun and engaging way.

We stand out from other lenders because of our self-service dashboard, which simplifies how to monitor and manage your outstanding Fundo loans. You can manage your loan and repayments through your dashboard. You will find information about financial wellness and improvement essential to our borrowers’ vision.

You’ll also get a Fundo Credit Score based on our unique credit scoring system. You can increase your Fundo Credit Score by making timely repayments, leaving a review, or recommending Fundo to family and friends. You can also improve your score by choosing Fundo as your primary lender. A higher Fundo Credit Score increases your chances of getting a future Fundo loan.

Do loan apps in Australia do credit checks?

Yes, quick loan apps in Australia typically check their borrowers’ credit to make sure they can pay back their loans. Legitimate lenders usually check potential borrowers’ credit scores when reviewing their loan applications.

At Fundo, while we check your credit, your credit score only plays a minor role in our assessment. We focus on your current capacity to repay the loan instead of your financial history. Our loan application process is easy and convenient for everyone, even those with less-than-ideal credit. 

At Fundo, we want to ensure that the people who borrow money from us don’t put themselves at financial risk. To qualify for a Fundo loan, you must meet the following requirements: 

• be at least 18 years old;
• be a permanent resident or citizen of Australia;
• earn at least $300 per week in regular income (excluding government benefits); 
• show that you can pay on time; and
• must ensure you’re not placing undue financial pressure on yourself.

When you need quick loan apps, consider applying at Fundo instead of settling for options like an ‘easy cash advance’ or a ‘cash payday loan’ you find online.

Does borrowing from loan apps also affect my credit?

In general, loans from quick loan apps will still affect your credit score the same way a conventional loan would, whether it’s an ‘online loan cash’ or a quick fast loan. Whether you received the loan from a traditional lender or a loan app, your credit score will suffer if you cannot repay it.

At Fundo, we understand that finances can be tricky to manage. If an unforeseen circumstance impacts your ability to make repayments, please inform us as soon as possible and let us help you figure things out. 

Let’s discuss your situation and see how we can help if you need clarification. If you have any questions about our loans, don’t hesitate to contact us. We’re available by phone or email from Monday to Friday, 9.00 a.m. to 6.00 p.m., and Saturday, 9.00 a.m. to 5.00 p.m.

Whenever you’re looking for quick loan apps or 24/7 loans, consider applying for a teeny tiny loan at Fundo today! 

Disclaimer: All information in this article is meant for general information and entertainment. Unless it says otherwise, you shouldn’t use the information as financial advice at any time. We reserve the right to change any commentary views at any time.