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.
You often need a little extra cash for unexpected expenses like urgent home repairs, car issues, or medical bills. It may be tempting to look into weekend loans, but there may be better choices for you.
At Fundo, we can provide short-term personal loans with flexible repayment terms and a quick and easy application process, which can help cover sudden needs.
Learn more about Fundo’s alternatives to weekend loans and how we can help you improve your financial wellness today.
Can weekend loans be used for any purpose?
How you use your weekend loans, quick short term loans, and other similar funds is up to your discretion; most lenders do not restrict what you can spend the loan on. Still, even if you could use your loan for anything, it’s essential that you use it to cover your unexpected expenses and not anything else. Moreover, if you have some excess funds after settling your bills, you could use them to repay your loan.
At Fundo, being financially responsible is a big part of our vision for our borrowers. We ensure that you are making financially sound decisions with your Fundo loans through perks that help encourage positive financial decisions.
What is the max amount I can borrow from emergency weekend loans?
The maximum amount you can borrow from emergency weekend loans can vary depending on the lender and other factors. In general, weekend loans work similarly to payday advance loans and same day instant loans but are paid out on the weekend, not during the week. They are small, short-term loans that can be disbursed quickly.
At Fundo, we offer loans ranging from $500 to $2,000 that can be paid back in up to 180 days. Plus, since we don’t charge early repayment fees, you can pay off your loans early to minimise your monthly fees.
When you take out a loan from us, you will be given clear information about your loan, from the terms of repayment to the amount you still owe. We make sure you understand everything about your Fundo loan and don’t surprise you with technical jargon or hidden fees.
How are Fundo loans different from weekend loans?
Instead of looking for weekend loans, Fundo loans can help you quickly cover unexpected budget gaps. Fundo may have a quick personal loan online that meets your needs better. Besides offering loan products, we also provide information and tips on good money habits in a fun and interesting way.
With our self-service dashboard, we can offer quick approvals and make it easy for you to manage your loan and payments online. Further, you can also access your Fundo Credit Score there.
The Fundo Credit Score tracks and rewards your financial decisions with your Fundo loans. When you practise positive borrowing habits, such as making timely repayments or referring Fundo to friends and family, your Fundo Credit Score will rise. If you have a high score, you are more likely to get approved for your next Fundo loan.
How quickly are weekend loan applications processed?
The time it takes to process weekend loans can vary depending on the lender, their policies, and the loan amount you wish to borrow, among other factors. Most weekend loans are meant to be paid out on days other than Monday through Friday, and the application process is usually quick and easy.
Weekend loans and other related loans may seem ideal if you need money quickly outside of regular banking or work days. But there are plenty of other loan options available that also provide quick application processes.
While we don’t offer weekend loans or secured payday loans at Fundo, we provide short-term personal loans that are comparable with other weekend loan options. If you fill out our online application during business hours and get approved, you can get your money the same day.
We understand that you need cash immediately if you’re looking for weekend loans or 24/7 instant loans. We make our loan application process straightforward. All you have to do is visit our website, declare the amount you wish to borrow, and fill out a general information sheet. In order to qualify for a Fundo loan, you must:
- be at least 18 years old;
- be a permanent resident or citizen of Australia;
- earn at least $300 per week, excluding government benefits;
- show proof that you can make your repayments; and
- make sure that borrowing from Fundo will not put you in financial hardship.
If you have a complicated financial situation, instead of searching for alternatives related to weekend loans or fast bad credit payday loans, contact us and let’s see how we can help. All applications are carefully reviewed and only denied if there is a good reason for doing so.
Contact us any time to learn more about Fundo alternatives to weekend loans and get help figuring out which Fundo loans will work best for you. We are reachable by phone and email. You can get in touch with us from Monday to Friday, 9.00 a.m. to 6.00 p.m., and Saturday, 9.00 a.m. to 5.00 p.m.
Instead of relying on options related to weekend loans, apply for a Fundo loan today.
Disclaimer: All of the opinions expressed in this article are meant for general information and entertainment. Unless it says otherwise, you shouldn’t take what’s said in an article as financial advice. We reserve the right to change any opinion in this article based on new information and without notice.