Are Online Loans More Affordable Than A Bank?
Same day funds up to $5,000
Same day funds up to $5,000
Finder
We approved 320+ loans in the last 24 hours!
Small fast loans are a boon to many but not familiar to all.
More Australians have realised the potential of loan products today. This is in large part due to the availability of online lending processes, like what we have here at Fundo. Because lenders and loan facilities are now accessible 24/7, applying for a loan has become much easier for people who otherwise can’t apply at brick-and-mortar facilities during regular business hours.
However, not all online lenders are built equally. Some take a while to process applications – and by a while, we mean more than just a couple of days. That can be frustrating for borrowers, especially if they need to hear back on their online loans urgently.
We avoid that at Fundo. By partnering our 100% online application process with possible same-day approval and loan release, we make our small fast loans available to a wider demographic of borrowers.
Here’s more information on what our short term loans can do for you.
Generally speaking, it depends on what you’re looking for in an online loan.
Short term loans are a type of personal loan that is commonly offered online by direct lenders (like Fundo) or lending facilities. Personal loans can be secured (meaning they require collateral) or unsecured (no collateral needed).
Because short term loans are often unsecured personal loans, the minimum eligibility criteria may be simpler than those of secured loans commonly offered by banks or lending institutions.
These short term loans also offer more flexibility for funding small one-time expenses.
Unlike the bigger money small loans or mortgages that can reach upwards of five-digit amounts, small fast loans typically have a ceiling of $2,000, making them ideal for quick home repairs, holiday trip funds, or temporary cash gaps that need to be addressed immediately.
Fundo, meanwhile, offers amounts ranging up to $2,000 for small loans fast approval, which can be repaid in up to 180 days. Typical loan terms are flexible, with our borrowers generally choosing weekly, fortnightly, or monthly loan repayments.
If this seems like a lot of information to keep track of, we’ve got you covered. Fundo’s very own self-service dashboard will help you stay organised with your loan repayments.
The dashboard is a one-stop hub for your account, where you can review your loan terms, repayment schedule, payment history, and other details that are critical to healthy loan management. We’ll even send you free financial wellness advice that you can use for your account management.
Generally speaking, you can repay your small fast loans through the same bank account we sent your loaned funds. Because each bank operates differently, the process may be different between borrowers.
If this is your first time repaying a loan with us, we suggest contacting our customer service team to enquire about details and coordinating with your bank representative about facilitating the payments.
We also take into consideration any unforeseen circumstances that may prevent you from repaying your loan on time. When such situations occur, please get in touch with us immediately to discuss the matter. Open up an enquiry about either extending the term of your contract and reducing or delaying payments for a time.
However, to be clear, this is not a guarantee that we will restructure your loan contract. We handle these enquiries on a case-by-case basis.
At Fundo, we disburse small fast loans to your nominated bank account.
If you’ve submitted your travel loan application during our business hours and we’ve reviewed it as eligible for approval, for example, you may be able to get your loaned funds released within the same day.
Each application is processed independently. This is to give our borrowers a fair opportunity and consider more than just your credit score as a factor for loan approval. With that said, some applications may be processed at a later time, particularly if we’ve received your application near the end of the business day.
We also want to note that our processing is separate from your nominated bank. Please speak with your bank representative if your loaned funds haven’t been reflected in your account even after we’ve notified you of its disbursement.
Don’t worry – we’ll do our best to process your application as soon as we can. This applies to funds release as well; we mean it when we say that same-day release is possible.
For any further enquiries, reach out to us through phone call or email. Our customer service team will be more than happy to assist you.
Fundo aims to make small fast loans not just more accessible but more engaging. Whether it’s easy fast loans or wedding loans you’re looking for, we have a loan product that’s ideal for your purposes.
We also have the Fundo Credit Score, our system for helping our borrowers improve their chances of a faster application review turnaround. Your Fundo Credit Score improves by referring us to friends and family, repaying or completing small fast loans on time or earlier, and leaving us positive reviews. The better your score, the better your chances of getting your application approved.
Give our fast instant loans a chance and apply for one today!
Disclaimer: These opinions are strictly for informational and entertainment purposes and should not be construed as financial advice. Views expressed in commentary may change without notice.
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 5 weeks to maximum 6
months
20% establishment fee and a flat
4% monthly fee4
Loan amount from $2,001 to $5,000
Minimum 9 weeks 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)
