$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.

When it comes to small loans, no credit check inquiries are one of the preferred criteria for many.

The best of us can go through tough times, and sometimes they affect situations or aspects of our lifestyle in ways we can’t control. A bad credit score can be the result of such situations, and we at Fundo understand that a bad score limits your options for loans that will help you improve your quality of life.

That being said, you’re more than just your credit history and deserve a fair chance, so let’s talk. With Fundo, you can easily take out small, short-term loans. We believe in making loans more accessible to a wider range of borrowers from all walks of life – we’re people-oriented, and we want to stay that way.

Since we are a responsible lender that follows lending laws, we don’t guarantee instant approval on all applications. Before you fill out a loan application with us, read on to learn how loans without credit check work.

How does a credit check work?

Credit checks, also called credit searches, are when lenders look into your credit history for a certain purpose. Lenders and loan facilities typically ask for your consent to conduct a credit check as part of the application process for a cash loan Melbourne and other products.

For some small loans, no credit check processes are rare since lenders usually use it as one of the deciding factors to approve or deny an application.

There are many reasons why lenders conduct a credit check. 

They may want to see if you’ve paid back your credit on time, whether you have any existing debts (such as defaulted cash stop loans), or how many no credit check quick loans you’ve applied for recently (no credit checks don’t automatically mean no credit reporting). For some loans, they may also look into co-payors or similar financial ties, such as with mortgages or property bond loans.

Every time a lender does an in-depth review for applications for small loans, no credit check inquiries are conducted that aren’t reported to credit reporting agencies like Equifax, Experian, and illion make a record of it. This is known as a hard check or hard call on your credit history.

Consequently, when other lenders look into your history, they will also see that other lenders have done a credit check on your account.

That being said, keeping track of your credit history or score won’t affect it. This is a type of soft check or soft call, which is a credit check that doesn’t show up on your history. Think of it as a summary of your credit; it has the information you need, but not all of the details.

Why do lenders need credit checks?

For some borrowers looking into small loans, no credit check inquiries may mean better chances of approval for them if they have bad credit.

The reason why borrowers want to avoid credit checks, particularly hard checks, is that if there are many credit checks on your record, it may affect your chances of getting a loan approved, especially if your recent history of credit checks is part of a lender’s requirements. 

At Fundo, we conduct both from time to time, depending on the loan product or application that warrants it. This is standard procedure for all licenced lenders as part of our legal commitment to responsible lending. Credit checks aren’t the only basis for your loan application getting approved.

What we can guarantee is that your credit score is only one part of many that we consider when we consider applications – your creditworthiness isn’t summed up by a single number.

Can you get a personal loan with no credit score?

The good news is that you can – it depends on your lender’s requirements and if they conduct minimal credit checks for small loans, no credit check loans, and other similar products. At Fundo, we have a range of credit products, from emergency loans to education loans, where we may conduct credit checks but they’re only a minor factor in our loan approval decisions.

Speaking of requirements, Fundo has five key eligibility criteria that we keep an eye out for when reviewing applications. They are as follows:

  • must be at least 18 years old to apply;
  • must be an Australian citizen or permanent resident;
  • must be earning a minimum of $300 a week, excluding government benefits;
  • must have a plan for completing loan payments on time; and
  • must ensure you won’t be placed under undue financial hardship by taking on a loan.

To be clear: if you need a loan, meeting all of these requirements does not guarantee application approval. However, they do make your application look good to our team, and we may review your application more positively.

If you have any questions about our criteria, please don’t hesitate to contact our customer service team. We’d love to hear from you.

Where is the best place to get a loan with bad credit?

Fundo doesn’t just offer bad credit loans, small loans, no credit check loans and the like. We have a range of small, short-term loans ranging from $500 to $2,000, depending on your needs, which are great for borrowers who prefer to apply for loan online.

Our mission at Fundo is to make loans with no credit checks more engaging to our borrowers, and part of that mission is to offer easy fast loans that are not just practical but also considerate of a person’s circumstances.

We even take it a step further with services like the 3-Click Apply feature, which allows returning borrowers to complete new loans in just three clicks. We also have a self-service dashboard through which our borrowers can review their loan account and information – and also receive financial wellness advice from us, free of charge.

Our key feature is the Fundo Credit Score. It’s a unique score you receive for your loan account that increases your chances of a faster application turnaround the more you interact with our services. By repaying your loans on time, referring us to friends and family, and giving us positive feedback, you can improve your Fundo score easily.

So what are you waiting for? If you’re still looking for small loans, no credit check loans, and other similar products, consider applying for a small cash loan with us today.

The opinions expressed in this article are solely for informational and entertainment purposes and should not be construed as financial advice or recommendations. All commentary and opinions are subject to change without notice at any time.