$500 - $5000
between $500 - $5000
up to 180 days
20% upfront establishment
fee 4% monthly fee

Small LOAN

Loan amount from $500 to $2000
Minimum 91+ days to Maximum 6 months
20% Establishment Fee and a flat 4% Monthly Fee*


Loan Amount of $1,000 over 20 weeks repayable weekly. $1,000(Principal Amount) + $200(20% Establishment Fee) + $200(fees based on 4% per month over 20 weeks) = $1,400 total repayable in 20 weekly repayments of $70.00.

*The example assumes timely repayment as per the loan agreement, or additional fees and charges may apply.


Loan amount from $2001 to $5000
Minimum 91+ days to Maximum 2 years
$400 Establishment Fee plus interest at 47.8% p.a. (Comparison Rate 66.58% p.a)*


Loan Amount $2500 over 2 years repayable fortnightly. $2,500 (Principal Amount) + $400 (Establishment Fee) + $1553 (Interest) = $4453 total repayable in 52 fortnightly instalments of $85.63

*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.

Same Day Loans

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.

How do same day loans work?

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 credit scoring system (Fundo Credit Score) for our valued borrowers.

The Fundo Credit Score is a special benefit we offer our borrowers to incentivise healthy borrowing habits. Borrowers can interact with their Fundo Credit Score by leaving reviews, referring us to friends, and paying on time or early. If you don’t have too many loans from other providers, that also helps your Fundo Credit Score. Generally, the higher your Fundo Credit Score, the more likely you are to be approved.

Conversely, the lower your Fundo Credit score, the more likely you are to get declined for same day loans. We’re also likely to lower your Fundo Credit Score if your due repayments fail to come through on time.

You can review your Fundo Credit 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 Credit Score to support your journey of financial improvement.

How long do same day loans applications take?

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.

What are the requirements for same day loans in Australia?

To apply for Fundo’s same day loans, borrowers must meet certain requirements. These requirements are as follows.

  • Applicant must be at least eighteen years old.
  • Applicant must be a citizen or tax-paying resident of Australia.
  • Applicant must have a regular after-tax income of at least $500 per week.
  • Applicant must demonstrate an ability to meet repayment deadlines

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.