FUNDO
LOAN EXAMPLE
Borrow
between
$500 - $5000
Flexible
Payment
Terms
NO HIDDEN FEES
PAYOUT EARLY
FOR DISCOUNTS
Borrow
between $500 - $5000
Pay
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*
Example
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.
MEDIUM LOAN
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)*
Example
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.
Whether you’re looking to pay off unexpected expenses or perhaps even work on your business, small advance loans may seem like the solution you’ve been looking for. However, with this express need for fast cash, you must always be careful when signing up for financing or agreeing to a contract. Not all lenders are the same, and that’s why you should look for one with processes that suit you.
Fortunately, you no longer have to scour the internet or your local area when looking for responsible lending alternatives similar to payday cash advances or small cash advance loans. Since you’ve just come across Fundo, you can have peace of mind knowing that we have quick online applications and a wide range of benefits at your disposal – all of which are perfect for those in need of easy financing.
Try out our convenient service at Fundo and have our team of experts assess your unique situation. All you have to do is submit your request and then wait for a response within twenty-four hours. If eligible, you can enjoy a minimum principal balance of $500 all the way up to a maximum of $2,000!
What type of loan is best for small business needs?
Small advance loans, specifically small business cash advance loans, are great for growing enterprises as they provide instant cash and advantages such as:
- Access to capital. Cash advance loans for small business endeavours can provide you access to the funds you need to start or expand operations.
- Increased purchasing power. With small loan advance options for businesses, companies can purchase equipment, inventory, or other supplies that they may not have been able to afford otherwise.
- Improved cash flow. Small business advance loans can help you manage your cash flow more effectively by providing a source of funds to cover expenses in the meantime.
- Greater flexibility. Small advance loans for businesses can offer more flexibility in terms of repayment schedules, which can be helpful for those that experience seasonal fluctuations in revenue.
- Increased credibility. A small business cash advance loan can help establish your name as a creditworthy borrower, which can be beneficial when seeking additional financing in the future.
On the other hand, if you’re looking for an option that can help you outside of your business pursuits, then look no further than Fundo. Here, we’ll give you a chance to sort out emergency expenses that could arise during your day-to-day life.
Does having a business make it easier to apply for a loan?
Having an established business with a great track record (no debt obligations, an above-average credit score, etc.) could help if you’re applying through lenders that specifically provide small advance loans for enterprise improvement. Ultimately, this will show that you can handle their terms and conditions and, in turn, present your request for funds as one with low risk.
In line with this, we at Fundo have a similar process when it comes to our quick loans online. As mentioned, our service has responsible lending at its core, and that’s why our team makes it a point to run a comprehensive review of each application.
What’s great about our decision procedure is that we’ll take into account factors other than just your credit history. This includes your overall capability to make repayments, meet agreed-upon deadlines, and much more. Doing this will ensure that we’ll never give you a quick finance loan you can’t manage, so you won’t be put under any unjust pressure from borrowing.
Join us today at Fundo and potentially secure offers with durations of up to 180 days!
Do business owners get better interest rates on loans?
It’s important to keep in mind that having a business does not guarantee that you’ll get better interest rates on small advance loans. After researching ‘small business loans cash advance’ along with other similar terms, you’ve most likely noticed that percentages would vary from lender to lender and be based on aspects like your enterprise’s reason for borrowing.
For that reason, you’d have to compare deals for small advance loans and make sure that you’re choosing an appropriate option for your unique circumstance. In the same light, there are also different interest rates and fees when taking out a quick small loan for personal emergencies.
The good news is that when you choose Fundo as your preferred lender, you can rest assured knowing that all of our rates are transparent. This way, you can have an easier time keeping track of your finances and what the total costs would amount to.
What’s more, if you qualify for our fast small loans, you’ll gain access to a self-service dashboard that can bring you convenience in just a few clicks. With this tool, you can make or reschedule repayments, update your account info, and even receive tips on topics like responsible borrowing.
Need small advance loans? Check out Fundo today!
Disclaimer: Unless otherwise stated, the data and figures on this web page are presented for both informational and entertainment purposes only. Kindly note that everything written here may be changed and updated without prior notice and must not be taken as personalised financial advice in any way. If you’re interested in securing this kind of guidance, we at Fundo strongly suggest that you get in touch with an expert who can assist you with your specific money management situation.