Quick Loans

If you’ve ever found yourself in need of a little financial help but felt that traditional lending options were just too much hassle or too slow for what you needed, we get where you’re coming from.

For instance, it can be tough to find options that provide smaller amounts you can pay back in just a few weeks or a couple of months. It’s even more difficult to find a bank or lender that will give you the funds quickly when you need to pay for a bill or expense right now. Worse still, banks may only process your application during their hours, which are less than business hours! (Usually 10 til 4.)

If you can’t wait for the bank to open, you'll be happy to hear that Fundo provides short-term loans through simple steps and terms that are friendly for borrowers. Let’s go over the essentials you’ll want to be familiar with.

How fast is a quick loan?

Thanks to technological advances, it's now pretty normal to submit and handle loan applications online through websites, phone apps, or digital self-service dashboards.

At Fundo, you can easily apply online for quick loans in just a few minutes, any time of the day! Combining simplicity with convenience and thoughtful loan amounts for borrowers who know what they want, these practices appeal to those who are financially independent, particularly individuals looking to build or improve their credit score at a comfortable speed.

It's important to know that many cash loan providers have a responsibility to approve money loans in a careful and thoughtful way. That's why we at Fundo take the extra step to ensure our borrowers can easily manage their payments. We want to help you avoid any tricky loan situations, particularly when it comes to protecting your credit score.

Choosing the right personal loan is really important because if you miss loan repayments, dishonour fees and added interest can add up quickly. By making the right choice, you can save yourself a lot of money in interest and fees. The high demand for short-term emergency loans can be understood for several reasons. Many people from all walks of life are on the hunt for a lender who can provide reasonable amounts at fair rates. Unfortunately, some lenders make it tough for borrowers by adding on steep fees that can feel overwhelming. We give you a schedule of fees and/or interest upfront, so you know what you’re in for before you decide to proceed.

What makes Fundo loans so easy to deal with?

Fundo is perfect for those who need a little extra help to manage unexpected expenses that pop up in their budget. If you need help with education loans to cover early enrollment fees for a family member, or if you're seeking funds for a wedding or family reunion, or you need to cover a car or medical bill, we probably have a small loan option that can meet your needs.

Fundo’s self-service dashboard stands out, setting us apart from other lenders that provide just quick loans without much more. We truly care about your financial wellness, and that's why we connect with you through the dashboard to share helpful advice and tips. Our goal is to support you in improving your credit scores—both the ones from agencies like Equifax or illion and your unique Fundo Score. This way, you can unlock better loan offers in the future!

What’s the maximum amount I can borrow with instant cash loans?

If you're a responsible borrower, you can explore a variety of loan types and amounts when looking for quick loans online. Online quick loans are usually personal loans that can help you with special purchases like vacations, cars, and home improvements. Personal loans are paid back over a set period, with interest, which can vary from just a few weeks to several years.

When you borrow money, the terms can vary quite a bit. Some lenders might have higher minimum amounts or interest rates, which can feel a bit overwhelming. In Australia, the typical personal loan amount usually ranges from $5,000 to $60,000. This amount can vary depending on the borrower's credit history and credit score.

These quick cash loans can be a fantastic option for those who need a little extra help for unexpected expenses, like car repairs or some extra funds for an impromptu family getaway.

It's great to know that Fundo provides loan options that start from $500 all the way up to $5,000! They offer various choices like payday loans, no credit check loans and other emergency loans making it easier for you to find what you need. These quick loans are strong enough to help with unexpected expenses. You have the option to pay back your small cash loan of $500 to $2,000 over five to 20 weeks, while medium cash loans of $2,001 to $5,000 have minimum terms of nine to a maximum of 26 weeks.

What do you need to get quick loans?

Getting a Fundo cash loan within minutes is a breeze when you have everything you need ready to go.

To qualify for our quick loans, you need to meet the following criteria:

You need to be at least eighteen years old when you apply.
To qualify, you need to be a citizen or a tax-paying resident of Australia and earn at least $1,000 per fortnight, which may include government benefits.
You also need to prove, if necessary, that you can meet your repayment deadlines without putting too much financial strain on yourself by borrowing from Fundo.

Here are the basic criteria for our loans. We might need a bit more information or some extra documents based on the type of loan you're interested in applying for.

Fundo makes applying for a loan super simple and convenient! You can complete the entire process online, and our friendly credit and support teams are here to help you from Monday to Saturday, 9:00 a.m. to 6:00 p.m. (just a heads up, we wrap up a bit earlier at 5:00 p.m. on Saturdays). We’re also available on Sunday mornings.

If you apply for instant approval loans during business hours, your application can be reviewed, approved, and the funds sent to your nominated account all within the same day - and if you sign off on your loan contract and have PayID (also known as Osko) enabled on your bank account, you could have the funds in your account within 60 seconds!

If you happen to send in your application right before the end of business hours or during a bank holiday, don’t worry! We can still fulfill your request in the time frame!

Feel free to reach out to us anytime if you have questions about our quick loans, loan eligibility, or requirements. We're also here to help you figure out which loans might be the best fit for your current situation. You can reach us by phone at 1800 161 391 or send us an email at hello@fundo.com.au. We also have a chat feature for your convenience!

Why not take the plunge now? If you're looking for a quick and easy way to get a small cash loan of up to $5,000, Fundo could be just what you need! For our returning customers looking to apply for a new loan, we offer a super simple 3-Click Apply process that’s just as quick as it sounds!

Why not take a moment to apply for a loan today? It could be a great step for you!

Just a quick note: The views shared in this article are meant for general information. They shouldn't be seen as investment advice or recommendations. Seek financial advice from a licensed financial adviser.

Quick Loans FAQ

What’s a Fundo score? Is this different from a credit check?

No, the Fundo Score isn’t quite the same as a formal credit inquiry, which is what it’s called in the financial world. In that case, you give your consent for a credit check, and we proceed to formalize the inquiry with a credit reporting bureau. We have our own ways of ensuring that you feel eligible and at ease with a small loan ranging from $500 to $5,000 through Fundo. Your score is out of 1200, and a higher score increases your chances of getting approved.

We’ll ask you a few easy questions about your financial situation to see if you can repay a loan within our timeframes and assist you with your finances overall. Your Fundo credit score goes up when you pay back loans on time and in full, and when you refer others to us! We’re here to add a little fun to finance!

How fast are your quick loans processed?

Fundo utilises the New Payments Platform, commonly referred to as PayID or Osko, to directly deposit loan funds into accounts. If your bank account supports PayID, you can expect us to direct cash in your hands within 60 seconds in most situations. In Australia, most bank accounts are part of the New Payments Platform. If that's not the case, just check with your bank, as money transfers can take up to 24 hours.

Is it possible to get a quick loan if I have bad credit?

Absolutely! If you have a default on your credit history or a low credit score, there's no need to stress as we can process bad credit small loans . We may still be able to assist you, depending on your situation. We'll make our decision based on what those issues are and when they come up. At Fundo, we look at applications in a well-rounded way, taking into account more than just your formal credit history. Fundo has a special scoring algorithm that helps determine if you qualify for a quick cash loan.

Still, there are times when requests may not be approved. If you've faced financial challenges before, like bankruptcy, a Part IX debt arrangement, or a Part X personal insolvency agreement, or if you've defaulted on short-term loans or have a poor credit history, there's a greater chance—though not a certainty—that your application might be turned down.

What can I use a quick loan for?

You can use a quick loan for helping pay those unexpected but necessary expenses that come up from time to time. We've all experienced it - finding the money can sometimes take longer than you'd like. If your cash is tied up in assets, investments, crypto, or outstanding invoices, you might find yourself in a situation where you can't wait to sell off these possessions or receive payments from other sources.

Small cash loans function similarly to cash advances and can help with unexpected expenses like emergency flights, medical or dental bills, repair costs, replacing appliances, emergency accommodation, rental bonds, relocation fees, insurance excesses, and a variety of other needs.

I need help with something, can I talk to someone?

Absolutely! Feel free to reach out to Fundo at 1800 161 391 or use our live text chat line during our office hours: Monday to Friday from 9:00 am to 6:00 pm, Saturday from 9:00 am to 5:00 pm, and Sunday from 9:00 am to 1:00 pm (AEST). If you have any questions about applications or how to use the dashboard, feel free to reach out to the finance or technical team! If you prefer, feel free to send your request in writing to hello@fundo.com.au, and we’ll respond as soon as we can!

I receive government assistance. Is it possible to get an instant cash loan?

Absolutely! If you can show consistent income from Centrelink, NDIS, Veterans Affairs, or any other government pension, you might be eligible for an instant cash loan. We check your eligibility through our secure Fundo dashboard, available 24/7, by asking a few simple questions about your financial situation.

What information do you need from me?

To get started, please provide your name, address, telephone number, and email address. We’ll ask you some questions about your current income and expenses. No need to be exact down to the dollar; a close round figure will work just fine! We might ask you about your job history or where your income comes from to make sure you qualify for an instant cash loan. Once everything is approved, we’ll just need your bank account details.

Keep in mind that being honest is really important. We're here to help you as much as possible, but we need the right details about your current financial situation.

Just a heads up: we might need to do a credit check during your assessment. No need to worry - we can only perform a formal credit check if you give us your clear permission.

If I borrow less than I actually need, will that increase my chances of getting approved for an instant loan?

Sometimes, borrowing less than you actually need can leave you in a tougher spot than when you first approached a lender. Applying for several loans might hurt your credit score and could make it harder for you to get funds later on. It's a good idea to apply for the full amount you need to handle your emergency, rather than making smaller requests to different lenders.

Does the amount of my quick loan need to match my wage or salary?

Not at all! You can borrow anywhere from $500 to $5,000, so it doesn’t have to match your weekly, fortnightly, or monthly pay.

You may be thinking of payday loans. The term “payday” loans come from the United States, where the loan payment was due on the customer’s next payday. This was typically done through a cheque issued by the company’s bank, a practice that continues in some industries today. Payday loans also require you to pay them back by your next paycheque – our small and medium loans have longer and more flexible terms that suit your needs.

Do I need to pawn or hock anything to get a quick loan?

No, all our small and medium cash loans are unsecured. This means you won’t need to provide any asset or collateral to get approved for the loan. You can relax knowing that your assets are safe when you take out a small loan from Fundo.

I’m afraid I’ve run into trouble and may miss my repayment. What should I do?

You need to contact us immediately if you fear missing a payment, as you will incur a dishonour fee from your bank and a late payment fee from us. We want to help as much as possible, so contact us during business hours if you have any troubles paying back your quick loan.

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