Same Day Loans
Same day funds up to $5,000
Same day funds up to $5,000
Finder
We approved 320+ loans in the last 24 hours!
If you’ve ever faced a surprise financial gap in your budget at least once in your adult life, then you’ve likely considered applying for same day loans as well.
As the name suggests, same day loans are a loan type that offers borrowers instant loan approval or funding within the same day of the loan application. A same day loan can also give borrowers access to cash quickly without meeting traditional lenders’ more exacting standards, especially regarding credit scores or financial backgrounds.
You’ll be glad to learn that Fundo offers this loan type to our borrowers, and we go the extra mile by making sure our loans are easy to apply for and manage.
But how do you know if a same day loan is the right one for you? Let’s take a look at the details.
Same day loans are generally available online as unsecured quick loans that are processed, reviewed, and released within twenty-four hours (or calendar or business days, depending on the lending provider or facility) from applications being submitted. However, depending on the loan amount, they may also be offered as secured or bond loans, especially if the intended loan amount is in five digits or higher.
That said, most borrowers don’t require such high amounts to address their emergency expenses. Such hefty loans may actually deter many potential borrowers from taking on loans, especially from traditional lenders, either because the offered loan terms are too long or the interests are too high.
It’s important to clarify that while a bad credit loan falls under personal loans, not all same day loans are strictly quick loans for bad credit.
Accordingly, Fundo offers short-term personal credit products like dental loans as well. These short-term loans are great for developing your credit history and score with both credit reporting agencies (like Equifax and illion) and with us through our unique scoring system (Fundo Score) for our valued borrowers.
The Fundo Score is a special benefit we offer our borrowers to incentivise healthy borrowing habits. Borrowers can be rewarded by unique scoring system which recognises behaviours like timely payments and early loan payouts. If you don’t have too many loans from other providers, that also helps your Fundo Score. Generally, the higher your Fundo Score, the more likely you are to be approved.
Conversely, the lower your Fundo score, the more likely you are to get declined for same day loans. We’re also likely to lower your Fundo Score if your due repayments fail to come through on time.
You can review your Fundo Score and other loan details through our interactive self-service dashboard, where we also share financial wellness advice and tips with our borrowers. This feature comes at no cost to you, so be sure to check your dashboard every day. Be diligent and keep track of your Fundo Score to support your journey of financial improvement.
The good news about same day loans is that, for the most part, lenders and loan providers take the ‘same day’ part seriously. This means that if your loan application meets an online lender’s criteria, your emergency cash loans can be disbursed to your nominated bank account or digital wallet within the day.
Granted, some lenders may include an allowance of up to 24 hours from receiving an application to review applications thoroughly in case unavoidable circumstances like banking delays occur.
At Fundo, for example, our team of consultants process applications from Monday to Friday during business hours (9.00 a.m. to 6.00 p.m.) and Saturday (9.00 a.m. to 5.00 p.m.). If we receive your application during business hours, we’ll process them ASAP, and you could be on your way to receiving your funds within the day.
On the other hand, if your application comes in near the end of the business day, it’s likely that we’ll get back to you within the next 24 hours or the following business day. This is so we ensure we’re not missing any details from your application when we assess it, and so your nominated bank can receive or otherwise process your loaned funds in real time.
Fundo accepts applications for loan amounts of $500 up to $5,000, with loan terms of 5 to 20 weeks. Our loans are for personal or non-business purposes as well, which makes them ideal as travel loan options, or as wedding loans, among others.
To apply for Fundo’s same day loans, borrowers must meet certain requirements. These requirements are as follows.
A key component of Fundo’s credit philosophy is to lend responsibly. To this extent, we are likely not to approve applications for rapid loans if it puts an applicant at risk of financial hardship. Regarding our same day loans, applicants may also be required to demonstrate that they can comfortably meet their monthly loan repayments, either through their credit history or existing credit score. Don’t worry: we won’t commit to a credit check without your consent.
If you’ve been looking for savvy loans that you can take advantage of, then Fundo’s online loans are perfect for your needs. Loan up to $5,000 by applying with us today!
Disclaimer: Please note that any opinions expressed in this article are strictly for informational and entertainment purposes only and should not be construed as financial advice. Views in any commentary are subject to change without notice.
In some cases, where your loan application doesn’t require additional checks on our side and there’s no delay on your side in terms of agreeing to the loan contract, you will get your funds within 60 seconds of approval.
Customers who have an active Fundo account and a Fundo score may also experience a 60 second turnaround from application approval to having the cash in their account.
If we do need more information about your financial circumstances as part of our job as responsible lenders, we will contact you Monday to Friday during business hours (9.00 a.m. to 6.00 p.m.), Saturday (9.00 a.m. to 5.00 p.m.) or Sunday (9.00am to 1.00pm.)
Once we gain the information we need - or give you the information you need to go ahead, we’ll process them ASAP, and you could be on your way to receiving your funds within the day.
We believe everyone should get a fair go at finance - especially when they’re in need and are desperate to cover unexpected and sudden expenses. You may need a small bad credit loan to cover these expenses - and we can help. You can borrow from as little as $500 to $5,000 that might cover dental or medical bills, appliance replacement, emergency home or car repairs, urgent travel , and much more.
The Fundo Score is a special raft of advantages we provide our loyal and valued customers to reward safe borrowing practices. Borrowers may engage with their Fundo Score by paying back same day loans on time – or even in advance! If you don’t have too many loans from other suppliers, it also boosts your Fundo Score. Generally, the better your Fundo Score, the more likely you are to get accepted for a loan now and into the future.
Yes - you can call Fundo on 1800 161 391 during our office hours: Monday-Friday between 9.00am and 6.00pm, Saturday between 9.00am and 5.00pm, or Sunday between 9.00am and 1.00pm (AEST). You may ask the finance or technical team any questions that you have about applications or how to use the dashboard. Otherwise, you can submit your request in writing to hello@fundo.com.au , and we’ll get back to you as soon as possible.
We can - and often - provide no credit check loans to eligible customers. Everyone who applies for finance or a financial product (like a mobile phone plan, for example) must give their express oral or written permission to a credit inquiry or credit check.
If we do need to check your credit, we will only proceed if you consent. However, we do also use our own methods of determining eligibility for a same day loan - though this may take a bit more time and you may get your cash with some measure of delay, especially if it’s outside of business hours. We do strive to get you the cash as quickly as possible - we understand how urgent some of these expenses and bills can be!
If we ask for documents, we will usually ask for photocopies or photos of official government ID, bank statements, recent bills confirming your address, and/or Centrelink statements or payslips as evidence of income. Note that much of the identification and due diligence process at Fundo is automated, which enables us to provide a three-click application and the cash in your account within 60 seconds for eligible applicants. Prior applicants with a Fundo account and credit score will most likely not have to produce any documents when applying for additional loans.
No - this is almost certainly a scam . If you get an email from Fundo or any other bank or lender that offers you ultra-low interest rates or other “too good to be true” offers in exchange for a small payment or your complete banking and personal details, send the email to spam, do not click on any links, and forward any suspicious looking emails to hello@fundo.com.au or Scamwatch.
No - a credit card is a type of revolving credit where the line of credit remains open even after you make repayments in full. A loan is a type of installment credit, where each payment you make contributes towards paying off the principal (the amount borrowed) and the interest (the fees and charges imposed by a lender for advancing you the cash) until the entire loan amount is paid off in full.
Credit cards and lines of credit may also charge fees just for being active in the form of annual fees or service fees. Credit cards can also charge compounding interest on unpaid balances if you do not pay off the entire balance in full each month. Small same day loans have fixed fees and interest rates as outlined in your loan agreement and repayment schedule.
Safe
and Secure. 5 min
application²
Safe
and Secure. 5 min
application²
Kim S.
Ellie P.
Robert D.
Safe
and Secure. 5 min
application²
Safe
and Secure. 5 min
application²
Loan amount from $500 to $2,000
Minimum 91+ days to maximum 6
months
20% establishment fee and a flat
4% monthly fee4
Loan amount from $2,001 to $5,000
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 Comparison rate is based on an unsecured loan of $2,500 over a term of 2 years.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
6 The example assumes timely repayment as per the loan agreement, or additional fees and charges may apply.
Safe
and Secure. 5 min
application²Terms and conditions and fees and charges apply. Approval and loan amount are subject to our credit assessment criteria.
¹As soon as you sign your contract, 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 its a public holiday, the funds are usually received by the next business day
²Applying for a loan with Fundo usually takes about 5 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.
Fundo is an Australian direct lender that offers short-term, small loans without any legal jargon or red tape. Our online loans are designed to provide access to a broad range of qualified applicants, including those with less-than-perfect credit.
Finding small loans with flexible repayment terms is now a reality with Fundo - no need to keep searching for 'Debt Consolidation Loans Bad Credit', 'Personal Loan With Fast Approval', or '24 Hours Cash Loans'. Applying for Fundo loans in the future gets more engaging when you pay off your loans in advance penalty-free while also increasing your chances for approval.
Fundo believes that eligible applicants should be able to get closer to the loans they need. If you've been looking for small cash loans through search terms like 'Instant Approval Loans Need Cash Today', 'Payday Loans No Credit Check', or 'Savvy Loans', then you can stop looking now - let us show you how easy it is to apply for a loan with Fundo.
We typically respond within 2 min or sooner.
I'd like to borrow ($500 - $5000)
