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Apply now and have an approval decision within minutes
Associated fees:
20% establishment fee
4% monthly fee
Example Loan Cost:
Borrow $500 → Repay $620 over 10 weeks
Borrow $1,000 → Repay $1,240 over 15 weeks
Best For:
✔ Small financial emergencies
✔ People needing immediate financial assistance
✔ Borrowers who prefer 100% online loan processing
✔ Most loans are approved instantly using automated processing.
✔ Funds are typically transferred the same day if approved before 2 PM.
✔ Direct bank transfer ensures quick access to funds.
All the information included here on Friendly Finance is accurate and in line with the data provided on Fundo’s website as of February 2025.
About Fundo
📌 Founded: 2018
📌 Headquarters: Sydney, New South Wales, Australia
📌 Credit Licence: Australian Credit Licence (ACL) 509142
📌 Regulated by: Australian Securities and Investments Commission (ASIC)
📌 Main Services:
✔ Small Payday Loans (Short-Term Loans)
✔ Fast Online Loan Approvals
✔ Fundo Credit Score (Rewards-Based Lending Program)
Fundo is an Australian short-term loan provider specialising in small payday loans for individuals needing quick access to cash. The company operates entirely online and offers fast loan approvals with same-day payouts for eligible borrowers.
One of Fundo’s unique features is its Fundo Credit Score system, which rewards repeat borrowers with better loan terms, lower fees, and faster approvals. Unlike traditional lenders, Fundo provides a fully automated digital experience, making it one of the more streamlined payday loan providers in Australia.
Fundo: Eligibility Requirements
The application process for Fundo is done through the company’s website or you can also easily apply for a loan using this form. To process your loan application, you need to pass Fundo's eligibility requirements:
- At least 18 years old to apply for a loan with Fundo
- Need to be a citizen or a permanent resident of Australia to qualify for a Fundo loan.
- Should have a minimum income of $300 per week, excluding government benefits. Demonstrating a steady income stream helps ensure your ability to meet repayment deadlines.
- Fundo evaluates your ability to repay the loan on time. They consider your income, expenses, and financial commitments to determine if the loan is manageable for you.
Your Fundo Score is a unique metric exclusively used by Fundo to assess your eligibility for loans. This specialised score is derived from various factors, including your repayment history with Fundo. The higher your Fundo Score, the greater your chances of getting your loan application approved.
Fundo provides a 100% online application process for convenience and accessibility.
They have simple eligibility requirements
Flexible loan amounts
Loans can be repaid with weekly instalments, providing manageable repayment terms
They offer short-term loan options, which are ideal for covering one-off expenses
Fundo Credit Score: Fundo offers a unique credit scoring system that can improve loan offers and faster approval for borrowers
The Company: Fundo
There are some positives and negatives for prospective borrowers to consider before using Fundo as an online lender. As part of the reviewing process for this page, customer feedback and common questions answered on the company website were considered for the overall assessment.
Positives
- Fast loan approvals & payouts
- Fundo Credit Score helps borrowers access better terms
- Easy-to-use online application
Negatives
- High fees & interest rates
- Late payments result in additional charges
