$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.

Getting same day loans, bad credit considered, can be more difficult than usual.

Most people turn to loans when it’s the more practical choice for one-time expenses. Consequently, many lenders rely on a person’s credit history and score to determine creditworthiness and whether or not they should lend to that person.

At Fundo, though, we give everyone a chance to apply for same day loans, bad credit or otherwise. Before you apply for a Fundo loan right this instant, though, you’ll want to read the information below first.

What types of loans can you get on the same day in Australia?

Generally, you can apply for small loan offers from certain lenders and have it reviewed and possibly approved within the same day in Australia.

Small short-term loans are a type of personal unsecured loan. Unsecured loans have no collateral requirement and typically have lower eligibility requirements compared to their secured counterparts. For some examples of each, bad credit instant loans and cash advances are unsecured, while mortgages and bond loans are secured.

There are many reasons to want one’s application for loans approved within the same day. Common reasons include medical emergencies (short-term loans are sometimes called emergency loans) or minor home repairs, but the spectrum of reasons is as varied as any.

Whatever the reason for needing bad credit short-term loans, these easy loans still have eligibility criteria – as do Fundo’s loan offerings. However, we’ve made our requirements clear and concise so that you can easily review your situation when applying.

Below are our loan application criteria.

  • You must be at least eighteen years old to apply.
  • You must be a tax-paying Australian citizen or permanent resident.
  • You must earn at least $300 minimum per week (exclusive of any government benefits or pensions).
  • You must be able to demonstrate to us your plan to repay your loan on time.
  • You must not be placed under undue financial difficulty by loaning from Fundo.

If you believe you meet these criteria for same day loans, bad credit in account, please don’t hesitate to apply for a loan as you need. That being said, there are some considerations for some of the criteria that we should disclose for transparency. 

One such consideration is government benefits or pensions. While we accept applications from people that support their income with such benefits, we may ask you to reapply at a later date if you rely solely on them for income. We strongly recommend that borrowers have a separate income source from their benefits or pensions for a more positive review of their loan application.

Don’t worry – other associated considerations or fees present in Fundo loans such as this are disclosed at the loan offer stage. We believe in transparency, and this is part of that commitment.

Does having bad credit limit my loan options?

Unfortunately, a person’s loan options for same day loans, bad credit considered, can be limited.

When a person is unable to repay their instant cash loans, their credit score is negatively affected. That is to say, they end up with a bad credit score.

A bad credit score can mean that your experience with applying for fast quick loans is in hard mode – some lenders may demand higher requirements, insist on collateral, or discourage people from applying for easy loans with bad credit altogether.

We like to think we’re fairer than that here at Fundo. By making our loans more accessible to a wider range of borrowers, we aim to help more Australians address temporary gaps in their budget, whether it’s for an unavoidable home repair or a backup fund for a personal holiday.

If you’re curious about your application’s chances for same day loans, bad credit considered, you can use the Fundo Credit Score feature to check. This score is separate from your credit score with credit reporting agencies (such as Equifax, Experian, and illion) and is an interactive feature we have here at Fundo.

With the Fundo Credit Score, you can improve your chances of getting approved for a loan. You can improve this score by repaying your existing loan on time, referring us to your friends, peers, and family, and leaving positive reviews when you complete loans with us.

If you have further questions about this feature, please get in touch with our customer support team – they’ll be more than happy to answer any questions you have.

Why do bad credit loans have a higher interest rate?

While we can’t speak for other lenders or loaning facilities, we can answer for our associated costs and fees.

At Fundo, our loan products and services are covered by state and federal legislation on responsible lending. These laws also determine which fees or cost ceilings are fair and reasonable for certain loan types, such as same day loans, bad credit already accounted for.

As a fully Australian-owned and managed lender, we take great care to ensure we adhere to and comply with these laws so that we can offer robust online loans to our borrowers where possible. When you apply for a cash loan at Fundo, you can rest assured that we’re both transparent and upfront with you regarding our mutual obligations for each loan product.

We also make it easier to keep track of your repayment schedule with our self-service dashboard. The self-service dashboard is a central, one-stop hub for everything you need to know about your loan account – from your repayment history, schedule, personal information on record, and so much more, it’s all here. We’ll even send you financial advice free of charge, which you can use for healthier loan management.

Fundo has loan products that can ably meet various needs. Talk to us about them, or apply and let our team of consultants review your application for same day loans, bad credit and all, independently.

Get a small short-term loan with us today!

Disclaimer: Unless otherwise specified, the opinions expressed in this article are strictly for general informational and entertainment purposes only. Please note that the views expressed in this article are not intended as financial advice. Opinions expressed in the commentary may also change without prior notice.