It goes without saying that there are times when you need to take out quick loans online, even if you are generating a steady income, living a simple lifestyle, and saving funds in your personal bank account. Surprise expenses can happen to anyone, and for this reason, finding a money lender who can potentially provide you with funds through responsible means is incredibly important. 

However, with all the online quick loans available from varying financial institutions, how are you supposed to make a decision? The good news is that you no longer have to scroll through pages of search results since you’ve just come across Fundo! We’re an Australia-based company that can give you easy, quick loans as long as you qualify for our convenient service. 

Gone are the days when you’d have to look up terms like ‘Cash advance app Australia’ online or settle for payday loans online. With our offers, you can not only experience a wide array of application and repayment advantages, but you can also rest assured that our team of experts will do what they can to understand your situation in its entirety. Get started today at Fundo! 

Can I choose my own loan amount online? 

As someone who can benefit from getting quick loans online, chances are that you’re keen on knowing whether or not you can choose the quick small loan amount you want. In that case, you should keep in mind that it’s generally possible to request your prefered principal balance when applying. 

Most online lenders would allow you to specify the amount of money you want to borrow when you submit an application for one of their fast, easy cash loans. Just remember that the amount approved may depend on various factors, such as your credit score, salary, and debt-to-income ratio. It’s important to note that some lenders may also have minimum and maximum balances they’re willing to provide.

Here at Fundo, you’ll be pleased to know that our loan amounts range from $500 to $2,000 with repayment up to 180 days, and we’ll take into account your ideal budget for emergency expenses. Before all of that, however, you should ensure that you fit into the following criteria in order to be eligible to take out quick loans online with us:

• You are at least eighteen years old or older.
• You are a citizen or tax paying resident in the country.
• You are an employed individual earning a minimum of $300/week (without government benefits).
• You can make your repayments and won’t be under financial hardship after borrowing from Fundo.

If you meet these requirements, then you can potentially get a loan today! 

How is my loan interest rate calculated?

Similar to the budget for an easy, quick loan, there are a number of aspects that can affect the interest rate percentage. This would include some of the same factors mentioned before, such as your credit score, salary, and debt-to-income ratio. 

Institutions use this information to determine the risk of lending to you, and the interest rate is one way they can compensate for that risk. For instance, borrowers with higher credit scores and lower debt-to-income ratios will be offered lower interest rates, while those with lower credit scores and higher debt-to-income ratios will be offered higher interest rates for fast small cash loans.

The type of loan you are seeking and the lender you are borrowing from can also impact your interest rate. However, we at Fundo pride ourselves on being as fair as possible – all while promoting responsible lending. 

Our team of experts will assess the information you’ve provided in your application, and we’ll be sure to look further than just your raw credit score. We’ll analyse your overall capability to make repayments, how you dealt with financial obligations, and much more. If we see that you’ll be able to handle our loans for cash emergencies, then we can approve your request within twenty-four hours.

Do I need a higher salary to borrow a bigger amount? 

While a higher salary could increase your odds of getting a higher chance of getting quick loans online, this isn’t the end-all be-all factor you should be concerned with. At Fundo, we understand that unexpected expenses arise and that not everyone generates enough income to cover these costs. That’s why we’ll look into your situation and see if we can give you the appropriate funds to sort everything out.

The best part is that we have advantageous tools and systems if you qualify for a loan today. Our exclusive Fundo Credit Score system gives you a rating you can build up through positive borrowing behaviours, like making on-time or advance repayments. In turn, this will increase your likelihood of getting approved if you need to take out quick loans online in the future. 

We’ll also give you access to a self-service dashboard that’ll allow you to manage your funds, update your account information, and even refer others to our offers to improve your Fundo Credit score. 

Need a teeny tiny loan up to $2,000? Apply now! 

Disclaimer: Unless otherwise stated, the data and figures on this web page are for informational and entertainment purposes only. Please keep in mind that what’s written above can be changed or edited without explicit notification and must not be taken as personalised financial advice for those looking to manage their funds. If you’re seeking this type of service, we at Fundo recommend that you contact a professional in financial planning.