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Online Lender: Fundo

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Product Highlights

  • Loans from $500 to $5,000
  • Up to 2 years

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91 days min – 6 months max

Fundo provides small loans ranging from $500 to $2,000 with loan periods ranging from 91 days to 6 months. These loans come with fixed credit charges, such as a 20% establishment fee and a monthly fee of 4% of the loan amount. Fundo’s small loans enable simple access to short-term financing through a simple online application process.

91 days min – 2 years max

With Fundo’s medium loans, you can borrow any amount ranging from $2,001 to $5,000, allowing you the flexibility to tackle various expenses; whether it’s consolidating debt, funding a small business venture, or making significant purchases. These loans come with fixed credit charges such as an establishment fee of $400 and a maximum annual interest of 47.8%.

Easy Application Process, Quick Loan Approvals

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Company Brief

Fundo is an Australian-based online lending platform that offers innovative financial solutions to both borrowers and investors. Through its user-friendly platform, Fundo aims to bridge the gap between borrowers seeking quick access to funds and investors looking for attractive investment opportunities.

Fundo provides a range of lending services, catering to various financial needs. These services include personal loans, short-term loans, education loans, and bad credit loans ranging from $500 to $5,000. The platform offers flexible loan terms, competitive interest rates, and a streamlined application process, making it convenient for borrowers to secure funds quickly.

Type of Loans Offered by Fundo

Personal Loans

Personal loans are a type of financial product offered by banks, credit unions, and online lenders to individuals who need to borrow money for personal purposes. These loans are typically unsecured, meaning they do not require collateral such as a property or vehicle.

With Fundo personal loans, the application process is straightforward and can be completed online, saving you time and effort. Fundo understands that financial emergencies can arise at any time, so they strive to provide a quick approval process, often providing a decision within minutes.

Education Loans

Fundo’s education loans provide a valuable financial resource for students, enabling them to pursue their academic dreams without the burden of immediate financial strain. As a reputable financial institution, Fundo recognises the importance of education and is dedicated to supporting students on their educational journey.

The company’s education loans offer a range of borrowing options, allowing students to access funds to cover tuition fees, educational expenses, or living costs while they focus on their studies. Whether enrolled in a university, vocational training program, or any other accredited educational institution, Fundo is committed to providing accessible and flexible loan solutions to meet your needs.

Aspiring students can complete their loan application online, streamlining the process and minimising paperwork. Fundo aims to make the loan approval process as quick as possible, understanding that students often require timely financial assistance to seize educational opportunities.

One of the significant advantages of Fundo’s education loans is the competitive interest rates they offer. By providing affordable rates, Fundo ensures that students can focus on their studies without worrying about unmanageable debt burdens. Additionally, Fundo offers flexible repayment terms, allowing students to structure their loan repayments to align with their future income prospects.

Bad Credit Loans

Fundo specialises in offering bad-credit loans, providing a second chance for individuals who other lenders may have turned away. They understand that financial hardships can happen to anyone and aim to be a supportive and non-judgmental resource for those seeking financial assistance.

The application process for Fundo Bad-Credit Loans is designed to be hassle-free and straightforward. Potential borrowers can apply online, saving time and effort. Fundo strives to make the loan approval process as quick as possible, recognising that urgent financial needs often accompany challenging credit situations.

One of the primary benefits of the company’s bad credit loans is its inclusive approach to lending. They do not solely rely on credit scores when assessing loan applications but consider other factors such as the applicant’s current financial situation and repayment ability. This comprehensive evaluation enables them to offer loan solutions that are tailored to each individual’s circumstances.

Fundo understands that the interest rates offered on bad-credit loans may differ from those available to borrowers with better credit scores. However, they are committed to providing fair and reasonable rates, ensuring that the loan terms are manageable and conducive to improving the borrower’s credit standing over time.

FUNDOmentals Makes Fundo Different

Learn More About Your Fundo Score

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.

It’s crucial to note that the Fundo Score is entirely distinct from the credit scores offered by Australia’s numerous credit reporting agencies. Rest assured, Fundo will never share your Fundo Score with any other lenders; it remains solely utilised by our dedicated approvals team to determine your loan eligibility.

To access your Fundo Score, all you need to do is log into your Fundo account. This feature not only allows you to view your current score but also enables you to track your progress and observe how your score evolves.

Here are some things that can affect your Fundo Score:

  • Your repayment history with Fundo
  • The number of loans you have with Fundo
  • The size of your loans with Fundo
  • Your payment history with other lenders
  • Your credit history
  • Your income
  • Your expenses

Fundo also uses the following scores to determine a borrower’s eligibility.

VIP Score

The VIP Score is a special score that is given to borrowers who have a history of making their payments on time with Fundo Loans. Borrowers with a VIP Score are given priority when applying for loans, and they may be eligible for lower interest rates.

To qualify for a VIP Score, you must have a history of making your payments on time with Fundo Loans. You must also have a good credit history overall.

The benefits of having a VIP Score include:

  • Priority when applying for loans
  • Lower interest rates on loans
  • More flexible repayment terms

Referral Score

The Referral Score is a score that is given to borrowers who refer friends and family to Fundo Loans. Borrowers with a high Referral Score can earn bonus rewards, such as discounts on their loan interest rates or cashback on their loan repayments.

To qualify for a Referral Score, you must refer friends and family to Fundo Loans who are approved for a loan. You must also make your loan payments on time.

The benefits of having a high Referral Score include:

  • Bonus rewards, such as discounts on loan interest rates or cashback on loan repayments
  • The opportunity to help your friends and family get approved for loans

First Timer Score

The First Timer Score is a score that is given to borrowers who are new to Fundo Loans. Borrowers with a First Timer Score are not eligible for the same benefits as borrowers with a VIP Score, but they may still be eligible for a loan.

To qualify for a First Timer Score, you must have a good credit history overall. You must also be able to provide proof of income and expenses.

The benefits of having a First Timer Score include:

  • Eligibility for loans
  • Competitive interest rates on loans
  • Flexible repayment terms

Payment Score

The Payment Score is a score that is given to borrowers based on their payment history with Fundo Loans. The Payment Score is used to determine the interest rate that borrowers will be charged on their loans.

To improve your Payment Score, you must make your payments on time with Fundo Loans. You must also keep your debt levels low.

The benefits of having a good Payment Score include:

  • Lower interest rates on loans
  • More flexible repayment terms

Note: All the information included here on Friendly Finance is accurate and in line with the data provided on Fundo’s website as of November 2023.

Fundo Application Process

How to Apply

To apply for a loan with Fundo AU, you can follow these steps:

  • Visit the Fundo AU website at https://fundo.com.au/apply-for-loan-online.
  • Select the type of loan you want to apply for (personal loans, business loans, etc.).
  • Specify the loan amount and term that suits your needs.
  • Fill out the application form with accurate personal information.
  • Provide details about your employment and income.
  • Share relevant financial information, including expenses, debts, and assets.
  • Upload supporting documents as required (ID, proof of income, bank statements, etc.).
  • Review the application form and information before submitting.
  • Fundo AU will review your application and may request additional documents if needed.
  • Once approved, the loan funds will be disbursed to your nominated bank account.

Eligibility Requirements

Qualifying for a loan with Fundo is straightforward. Here are the criteria you need to meet:

  • Age: You must be at least eighteen years old to apply for a loan with Fundo.
  • Residency: You need to be a citizen or a permanent resident of Australia to qualify for a Fundo loan.
  • Income: You 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.
  • Repayment Capacity: 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.
  • Responsible Borrowing: It’s important to ensure that borrowing from Fundo does not put you in a financially difficult situation. They encourage responsible borrowing practices and assess your ability to manage the loan responsibly.

Maximum Loan Amounts

You can borrow any amount between $500 to $5000 from Fundo, but the maximum loan amount will depend on the type of loan you apply for and your creditworthiness.

  • Small loans: $500 to $2,000
  • Medium loans: $2001 to $5000

How is the money transferred?

After the approval process, Fundo will initiate the transfer of the loan amount to your designated bank account. The timeframe for the transfer can vary depending on factors such as the processing time of your bank and the specific payment processing systems used.

Need help?

If you need help, you may contact them at 1800 161 391, or email them at hello@fundo.com.au

Let us help you get a loan

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Notable Loan Product Features

  • 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

2d1defbb c9f8 438d 8615 190f81679cf1


  • Fast funding
  • Customer-friendly


  • Late payment fees

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