Experience a hassle-free application process through Savvy, a straightforward alternative to loans like Fundo.
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Loans and lenders like Fundo have emerged as a popular choice for Australians seeking quick access to funds. Yet, it's crucial to explore other options, which is why Savvy is here to help. You can learn more about Fundo and similar loans, comparing them to the simplicity of applying for a fast loan through us today!
Fundo specialises in offering small loans, providing a swift and accessible financial solution for those in need of quick funds. Commonly known as payday loans, Fundo offers both small ($500 to $2,000) and medium loans ($2,001 to $5,000). While small loans are based around fees, rather than interest, medium loans do come with both interest and fees.
The approval process is designed for speed, often resulting in same-day approval and, in some cases, funds disbursed within an hour of application. Repayment terms are flexible, allowing borrowers to choose durations ranging from 91 days to six months (small loans) or two years (medium loans).
For loans like Fundo, the applicable fees and interest depend on the loan size you opt for. Loans up to $2,000 come with an initial establishment fee, which is up to 20% of the loan amount, and ongoing monthly fees, which can be as high as 4% of the loan. In the case of larger loans ranging from $2,001 to $5,000, the establishment fee is capped, not exceeding $400, and interest is charged, which may be up to 48% p.a. (specifically 47.8% p.a. as of January 22, 2024, for Fundo).
Understanding the implications of these fees is crucial for assessing the overall cost of your loan. For instance, if you borrow $500 and repay it over four fortnights, your total fees for the term could amount to $140. However, opting for a $2,000 loan spread over 13 fortnights would result in increased fees, totalling $880. In contrast, applying for a $3,000 loan with Fundo repaid over one year fortnightly would result in a $400 establishment fee and interest of $1,028.
On the hunt for a suitable alternative to loans like Fundo? Consider applying for a small loan through Savvy. We have trusted lending partners around the country, enabling us to offer access to fast cash loans ranging from $2,050 to $5,000 to all eligible Australians. The application process is streamlined and efficient, helping deliver an instant outcome in just 60 seconds.
If that yields a conditional approval, you can swiftly secure formal approval (subject to relevant eligibility criteria), and funds may be sent by your lender within as little as one hour, depending on your lender and bank's processing times. Get started today to access the financial support you need with ease!
No matter the time of day or week, you can complete your small loan application with us online.
You can receive an outcome in 60 seconds and, if successful, have your money sent in just one hour.
We're partnered with reputable Australian lenders to bring you greater peace of mind when applying for your small loan.
Disclaimer:
The information on this website is of general nature and does not take into consideration your objectives, financial situation or needs.
For loans between $2,050 and $5,000, the APR is between 21.24% (minimum) and 48% (maximum) per annum. Comparison rate of 65.4962%. Minimum term is 16 days and maximum term is 24 months. The cost of the loan is a $400 establishment fee and monthly interest charged on the amount borrowed. For example, a loan of $3,000 over 3 months with an APR of 48%, (comparison rate of 65.4962%), will have an establishment fee of $400, monthly repayments of $1,225.20. Total repayments of $3,675.60 and total interest payment of $275.60.
Warning: A comparison rate indicates the true cost of a loan. Comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
