$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.

Secured payday loans can be a difficult option for those in need of quick cash. While they may be easier to obtain compared to traditional bank loans, they can come with challenging and risky repayment terms. 

At Fundo, we understand that everyone’s financial needs are different, which is why we offer short-term and fast cash loans with flexible repayment options. With Fundo, there are no hidden fees or charges, so you can trust Fundo to provide the financial support you need without the hassle. 

How do secured and unsecured payday loans differ?

Both unsecured payday loans and secured payday loans provide short-term financing, but with significant differences. Unsecured payday loans don’t require collateral to secure the loan. Instead, the lender relies on the borrower’s ability to repay the loan in full from their upcoming paycheck or other source of income. 

Secured payday loans, on the other hand, are commonly offered to borrowers with bad credit who prefer not to be considered for loan approval based on their credit score. The lender requires the borrower to provide collateral as a form of security. Lenders can take possession of the assets if the borrower fails to repay the loan.

We understand that less-than-stellar credit can make getting a loan difficult, and many people turn to lenders who offer secured payday loans, thinking it’s their only viable option. However, that isn’t the case. If you’re looking for a loan that is convenient, easy to obtain, and offers flexibility and ease of use, consider Fundo as your online loan provider. 

While we do credit checks as responsible lenders, your credit score is only a small component of our approval process, as we focus more on your ability to repay your loan, among several other factors. We offer loans ranging from $500 to $2,000 to suit a wide range of needs. Our loan application is as easy as can be, and, unlike most payday lenders, we offer flexible repayment terms with minimal requirements.

To be eligible for our quick loans, you must:

  • be at least eighteen years old at the time of your application;
  • be a citizen or tax-paying resident of Australia;
  • earn at least $300/week in regular income, excluding government benefits;
  • demonstrate an ability to meet repayment deadlines; and
  • not place undue financial pressure on yourself by borrowing from Fundo.

Applying for a loan with Fundo is easy. Simply visit our website, click on the ‘Apply Now’ button, and follow the prompts. If you qualify, we’ll send you an agreement and have the funds deposited into your account as soon as possible.

Our online application form is available 24/7 and we process applications Monday through Saturday. If your loan application is accepted during business hours, it is likely that you will receive the funds on the same day. However, please be aware that the processing time of each bank may vary, so the funds may not be available until the following day.

What assets can be used as collateral for secured payday loans?

It is common to use vehicles, jewellery, valuable collectibles, and real estate as collateral for secured payday loans. Other types of personal property, such as savings accounts or certificates of deposit, may also be accepted as collateral. Other types of personal property may also be accepted as collateral for a secured loan, depending on the lender.

With Fundo, you can rest easy knowing that you don’t need to provide collateral for a quick personal loan online with us. We offer unsecured short-term loans, giving you more flexibility and one less thing to worry about. 

In line with our belief that your bureau credit score doesn’t paint the whole picture, we have created our own credit scoring system, the Fundo Credit Score, which rewards you for paying your online loan early or on time, giving feedback, and referring friends to Fundo. 

The higher your Fundo Credit Score, the higher your chances of getting approved for quick short term loans. And as a bonus, we offer special discounts and benefits for those with improved Fundo Credit Scores.

Are secured payday loans a good option for bad credit?

Small payday loans are an option for those looking for bad credit cash loans, but they may not be the best cash loans online overall. Due to the lender’s right to seize the collateral if you are unable to make your repayments to them, secured payday loans can be a high-risk option that can lead to long-term financial difficulties.

When it comes to taking out any loan, the most important thing is being able to manage it properly. That’s why, with Fundo, we make managing your loan easier and more straightforward with your own self-service dashboard.

You can view and update your account information, schedule repayments, track loan details such as balance, duration, and payment dates, earn points, and check your credit score all in one place. At Fundo, we strive to make it simple and convenient for you to access and manage your online loan at any time.

Fundo: Your reliable source for short-term financing

As a private online lender, we can offer short-term money loans quick to approved applicants, so you don’t have to depend on risky secured payday loans. Our loans come with flexible repayment options and no hidden fees or charges. 

We make it possible to loan money fast in Australia simply, without the need for complicated jargon or legal language. Trust Fundo for easy, quick, and straightforward online loans.

Stop your search for fast bad credit payday loans and instead get started on your online loan application with Fundo today.

Disclaimer: Unless otherwise specified, the opinions expressed in this article are strictly for general informational and entertainment purposes only and should not be taken as financial advice or recommendation. Any commentary views are subject to change without notice at any time.