$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.

If you’re someone who has questions like, ‘What are payday loans?’ and perhaps even ‘What is a payday lender?’ on your mind, then there’s a good chance you’ve been searching for a service that can provide you with a payday in advance. However, with all the available payday advance loans online or even in traditional financial institutions, making a decision can be nothing short of challenging. 

The good news is that you can potentially end your search for advance payday loans as we at Fundo can present you with our quick short term loans as a responsible lending alternative. If you qualify for our convenient and reliable offers, then you no longer have to settle for an advance pay loan or solutions that won’t take into account your unique financial circumstances during your application. 

In addition to this, our team of experts and intuitive online platform make it so you won’t need to overextend yourself when you’re making a financing request. Here, you can quickly find out if you can use our options to cover emergency bills or unexpected expenses through our easy-to-follow procedures and basic requirements. Check us out at Fundo and see how we stack up against payday lenders!

Are payday loans a good idea if I need short-term financing? 

The question ‘What are payday loans?’ or ‘What is a payday loan?’ ultimately leads to the topic of short-term financing and whether or not this type of offer is suitable for those who want to make repayments as fast as possible. While some Australians would find it a good idea to apply for fast bad credit payday loans, it would be better to take note of repayment terms and approval processes. 

  • Repayment terms. Some online payday loans can have a strict repayment schedule that can require you to pay fully in a short period of time with no room for rescheduling. We at Fundo understand how frustrating this can be, and that’s why we pride ourselves on having a quick fast loan alternative with short yet flexible weekly repayments.
  • Approval processes. Similarly, some lenders would also have one-dimensional background assessments that are simply hinged on select factors such as your credit score. At Fundo, your credit history plays a small part in our decision, and we’ll be sure to review a wide range of other aspects (debt obligations, repayment capability etc.) to give you a personal loan you can handle.

What are payday loans best used for?

Payday loans are small, high-interest loans that are most often used for unexpected expenses or emergencies and are expected to be paid within a few weeks or when the borrower next gets their paycheck. It is important to note that payday loans come in lump sums and are repaid in full at one time.

At Fundo, we recognise the importance of having immediate access to financing when emergencies arise, which is why so many people ask questions like ‘What are payday loans?’ in the first place. As such, we provide a more flexible alternative to payday loans in the form of our easy cash loans. 

On our platform, you can request cash loans online with a principal balance of $500 to $2,000 and short-term repayment durations of up to 180 days. Aside from our short yet flexible weekly repayments, what sets our options apart from a cash payday advance is that we have transparent conditions, no hidden fees, and an exclusive credit scoring system. 

If your application is approved, you’ll get access to your Fundo Credit Score. By raising your score through practising positive borrowing behaviours such as making on-time or advanced repayments, referring friends, leaving reviews, and minimising loans with other lenders, you increase your likelihood of getting approved for future Fundo loans.

Who can I approach for advice about payday loans? 

When it comes to advice about advance payday loans or answers to questions like ‘What are payday loans?’ and ‘What are payday loans for?’ you can look to credit counselling agencies, local banks, or even financial advisors for help. These options and solutions can extend their expertise so that you can better manage or stay on top of your payday advance obligations. 

As for us at Fundo, you can get advice and tips for our online quick cash loans through our intuitive, self-service dashboard if you qualify for our service. On top of this, you can also make or reschedule repayments, view your Fundo Credit Score, and update your account information through the same tool.

For access to these exclusive advantages, simply double-check the requirements below to see if you’re eligible to apply for a Fundo loan. To qualify, you must be:

  • at least eighteen years old during application;
  • an Australian citizen or resident taxpayer;
  • earning an income of $300 a week (without government benefits);
  • able to respect basic repayment agreements; and
  • under no undue financial stress after borrowing a Fundo loan.

Now that you know the answer to ‘What are payday loans?’ you can make a more informed decision on what kind of loan works for you. If you need a teeny, tiny loan up to $2,000, apply with Fundo now!

Disclaimer: The data and supporting figures on this web page are to be viewed for informational and entertainment purposes only (unless otherwise stated). Please be aware that whatever recommendations are written here may be changed without explicit notice and must not be construed as personalised financial advice of any kind. For this type of money management assistance, we at Fundo strongly suggest that you consult with professionals who can help you stay on top of your financial obligations.