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.

Education Loans

At FUNDO, we understand how difficult it can be to stay on top of educational expenses. As well as tuition fees, there’s the cost of books and materials, computer hardware and software and perhaps even the expense of accommodation. When did it all get so hard?

Fear not — when it comes to those fiddly education expenses, we’ve got you covered! Our small education loans help take your focus off the stress and back on to studying. With a personal student loan from FUNDO, you can finally concentrate your efforts on your most important investment yet — you!

Get your studies on track with a small education loan

With a loan from FUNDO, you’ll enjoy the following:

  • Easy application process — Enjoy a hassle-free online application process. To apply, simply click “Apply Now” and follow the prompts.
  • Fast approval and funding — With FUNDO, you won’t be left wondering. We offer a quick approval process and same-day funding for approved applicants.
  • Flexible repayments — Choose between weekly, fortnightly or monthly repayments and get rewarded for early and on-time payments with FUNDO credit points!
  • No hidden fees or charges — At FUNDO, all our processes are 100% transparent, with no hidden nasties.

Am I eligible for an education loan in Australia?

To be considered for a FUNDO education loan, you just need to meet the following criteria:

  • Be at least 18 years of age
  • Be an Australian citizen or have permanent residency
  • Have regular income (at least $500 per week) from a full or part-time job. We’ll also consider government benefits or pensions — so long as these aren’t your only income source

At FUNDO, we pride ourselves on being responsible lenders. As such, we check all these details to ensure you’ll have no stress or hassle keeping up with your repayments — while still maintaining your lifestyle.

How to apply for an education loan?

Applying for a student loan in Australia with FUNDO is simple. Apply anywhere, anytime, 24/7. Our application form is exclusively online and we approve applications Monday to Saturday. Applications received during business hours are processed — and often approved — on the same day!

To complete your application, you’ll need:

  • Your income details
  • Any government benefit details
  • ID documents, such as an Australian Drivers Licence, passport or proof of age card
  • Your bank account details

Ready to get started? Simply complete our easy online application form. One of our friendly team members will assess your application quickly.

FUNDO — your choice for easy student loans in Australia

At FUNDO, we truly are your teeny tiny online loan specialists. Whether you’re after a fast loan for education, or something else entirely, we’re here to help. Our range of services includes fast cash loans , same day loans , small short term loans and no credit check loans — all designed to get you out of a quick pickle with minimum fuss.

Importantly, we understand that no two situations are alike. If you’d like to discuss the most suitable loan option for your needs or your eligibility, simply get in touch with our friendly team today!

FAQs

For all our loan types, you can borrow anywhere from $500 to $5000 with an education loan. Our education loans come with flexible repayment terms and no hidden fees or charges to make things even easier!

Yes! With FUNDO, you can take out a small loan for education of up to $5000. This can help with the cost of materials and books — or even your student accommodation expenses.

Absolutely. Provided you meet certain qualifications, you can apply for a small education loan with FUNDO! Our assessment criteria are in place to ensure you’ll have no trouble meeting your repayments and no undue financial pressure doing so.

At FUNDO, we make small online loans, such as school fee loans, easy. We’ve helped thousands of happy customers with our quick and easy application process, fast funding, flexible payment terms and affordable fees. As we say: need funds? FUNDO it!

Our friendly team is always happy to answer any questions you may have on any of our loans. To get in touch, simply call us on 1800 161 391 , shoot us an email at hello@fundo.com.au or use our handy online chat function.