What Are The Advantages Of Borrowing Small Loans?
Same day funds up to $5,000
Same day funds up to $5,000
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Finding the perfect loan is a challenge. Banks can be intimidating, and knowing which lending options suit your financial situation is confusing. Have you tried applying for small loans in the past? You would often find that small, short-term loans come with higher interest rates and other fees.
We live in a world where money management has become increasingly complex. But at Fundo, we believe that everybody is entitled to financial wellness, starting with making better financial decisions that suit your needs. At Fundo, we help you get the small loans that you need.
Fundo’s small loans are ideal for building your credit score. That’s because we consider our applicants for loans on a case-by-case basis, so we take the time to review the financial situation of our borrowers carefully. While we do credit checks, it is not the main determining factor when we approve small, short term loans and other Fundo loans.
Our loan application assessment is based on several factors, including your income and history of timely payments. Your Fundo loan can help you build credit even if you don’t have any existing accounts or have a poor credit score.
Whenever you want to apply for small loans or a personal loan with Fundo, here are the basic requirements you must meet to qualify:
If you don’t meet the minimum criteria for a Fundo loan, rather than searching online for ‘loans Australia no credit check’ or ‘no credit check fast loans’, talk to us today and let’s figure out how we can help you apply for small loans and online loans.
At Fundo, while we don’t accept small loan applications that cannot provide suitable proof of income, we have helped borrowers with complicated financial situations. Please contact us and explain your situation better, so we can find a suitable arrangement for you.
In cases where you could be an irregular or seasonal worker who doesn’t have a conventional income flow and verification, you may submit additional documentation that can verify your income. Fundo doesn’t automatically reject applications without consideration.
We understand if you don’t have the typical income verification required by traditional lenders or are worried about your credit history and credit score. It can be challenging to secure loans, let alone small loans.
As a regular stream of income is one of our requirements, unemployed borrowers are usually unable to take out a loan with Fundo. But again, please contact us if you have a complicated financial situation, because we may still be able to provide you with a viable financing option. Instead of looking for ‘bad credit loans instant’ and other similar no-check loan options, turn to Fundo.
At Fundo, we put your financial wellness above all else. Through our interactive self-service dashboard, we provide daily tips and advice on developing financial literacy. Moreover, you can track your Fundo Credit Score from here as well.
Your Fundo Credit Score is independent of your actual credit score. A good Fundo Credit Score can improve your chances of getting approved for a Fundo loan.
Our Fundo Credit Score incorporates a fun credit scoring system. Making sound financial decisions like repaying a loan on time or early, referring Fundo to friends and family, or leaving a review for Fundo increases your score. Having fewer loans with other providers may have a positive impact on your Fundo Credit Score as well.
With our Fundo Credit Score, it will be easier for you to build sound financial habits by making informed decisions that will influence the state of your finances.
On the other hand, when you make poor financial decisions, your Fundo Credit Score will drop. If you miss a repayment, reschedule, or have failed payment methods, your score will be lowered accordingly.
At Fundo, your Fundo Credit Score will also increase for every completed Fundo loan, which makes your succeeding loans with us more likely to be approved!
Whenever you’re looking for small loans or emergency loans, Fundo can assist you. We are available by phone and email from 9.00 a.m. to 6.00 p.m., Mondays through Fridays, and from 9.00 a.m. to 5.00 p.m. on Saturdays.
Apply for your teeny, tiny loan today!
Life is what happens when you make plans - and there are so many different ways the universe can throw up obstacles when you least expect it.
Coming up with $500 to $5,000 in a flash isn’t easy, especially when you’re thinking about how to make the best of a bad situation. Sudden and unexpected medical bills might happen such as emergency dental or surgery; your car might break down and need urgent repair (e.g. it’s no longer roadworthy and you need it to get to work or ferry the kids to school); a big appliance might break down such as your fridge or heater which means you need immediate replacement; your computer or smartphone might be on the blink and we all know we can’t really run our lives without them!
Some people may take out a small loan to fund a whirlwind trip or take advantage of a once-in-a-lifetime opportunity - but you have to be sure it won’t put you in more debt and a worse off financial situation.
Other times, it could be for urgent long-haul travel to see or help a loved one in need. Small loans are ideal for covering short-term expenses you otherwise can’t avoid and can’t come up with the cash for on your own.
Applying for high-interest credit cards and personal loans takes time - sometimes days or weeks - which is where Fundo comes in. You can apply for a small cash loan ranging from $500 to $5,000 using our three-click application system - and if you’re approved instantly, get the funds into your account within 60 seconds!
Remember to read all the terms and conditions, as well as our repayment plans and fee structures to figure out if a small loan is right for you.
You can apply for a small loan using Fundo’s streamlined 24/7 self-service dashboard - it takes about three minutes to set up and you could have your small loan credited to your account within 60 seconds!
Here’s what you need to do:
If you need help with your application you can call us on 1800 161 391 between 9am - 6pm Monday to Friday, 9am-5pm on Saturdays or 9am-1pm on Sundays (AEST.)
Fundo is built on the philosophy of giving everyone a fair go - that means you can apply for a small loan if you have amazing credit - or credit that isn’t so great. But no matter what’s happened in the past, we believe in the now - if you can prove that you’re able to service (pay back) a loan on time and in full without feeling the pinch, we can offer a small loan without a formal credit check to select customers who fulfil our eligibility criteria, as seen above.
Don’t worry - we use our own credit scoring system to help approve more people, more often!
Yes - you can apply for a small loan with Fundo. We don’t turn away people on government benefits - we offer the same opportunities for small loans to all Australians! You will have to show us that you meet our income requirements as part of our responsible lending practices. Remember: we only approve loans if we feel that it will leave you better off financially than when you first came to us.
If you’re unsure, speak to one of our friendly staff on 1800 161 391 or email us on hello@fundo.com.au.
Yes - the Fundo credit score is a whole lot better - and more fun - than your credit score and credit history kept by credit reporting bureaus. The Fundo credit score is calculated by us - and you get some awesome perks just by paying us back on time and referring friends to Fundo!
If you miss repayments or you cannot honour direct debit payments, your Fundo score will be lowered accordingly. Remember to contact us if you encounter any financial hardship before it becomes a bigger problem.
If you want to check your “real” credit score - the credit score and credit history banks and lenders use to process finance applications - you can check this for free every three months. Through one of the credit reporting bureaus we mentioned. They may also offer services such as fraud protection and regular reporting at added cost. Here are the three Australian credit reporting bureaus you can claim a credit report from:
For more information on how banks and lenders view and handle your financial data and credit history, visit the Office of the Australian Information Commissioner website.
Fees and charges on a small loan can vary, so we encourage you to read our latest loan examples and interest charges sheets so you know exactly what you’re up for before applying.
We’ll also show you all the fees, charges, and interest as well as your repayment schedule up front before you commit to your application.
Remember: if you’re ever unsure, ask a trusted friend, family member, or financial expert to ensure a small loan is right for your situation and current financial circumstances. We’re also here to help: call us on 1800 161 391 or email us on hello@fundo.com.au and we’ll endeavour to answer all of your small loan questions.
If you are borrowing $500 to $2,000 as a small loan, you will have repayments set at a minimum of 91 days or a maximum of six months. Making weekly repayments across a shorter time means your repayments will be higher but you will avoid paying more in fees and interest. If you need to borrow more than $2,000 (up to $5,000) you may have up to two years to pay back the loan. The repayment schedule and fees and charges payable across the lifetime of the loan (the loan term) will be laid out in your loan agreement. If you aren’t sure about what your loan agreement says or have any questions, you can call us on 1800 161 391 or email us on hello@fundo.com.au.
A small loan is similar to a payday loan except a payday loan is designed to bridge the gap between a major and urgent expense you don’t have the money for right now, but can pay for when you next get paid (weekly, fortnightly, or monthly) with fees and interest. A small loan can be paid back between 91 days and six months, which makes a small loan more flexible by comparison.
Yes - small loans give you cash in advance of your purchase - that means you can spend the loan amount not only on the urgent expense but other smaller expenses that may be associated with the larger expense, e.g. taxi fare to the airport for urgent travel. Buy now, pay later apps or schemes usually require fixed repayments every two weeks over four installments. You may be charged fees for any late or missed payments. Some buy now, pay later apps may offer interest free periods similar to credit cards before charging high rolling interest (interest that compounds if you don’t pay off the balance in full.)
The difference with a small loan is that every repayment you make gets you closer to zero and pays the entire amount off in full. Some buy now, pay later services will insist on a credit check to see if you are eligible.
Disclaimer: Unless otherwise specified, this article is purely for informational and entertainment purposes and does not provide financial advice or recommendations. We reserve the right to change our views or information without prior 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)
