Terms and Conditions

Fundo Loans Pty Ltd, Suite 607, 46 Kippax Street, Surry Hills, NSW 2010.
Australian Credit License 491418 Australian Commonwealth Government.
(The terms and conditions are governed by the laws of Australia)

Privacy Consents

In order for your online loan application to be considered, you have to be at least 18 years old. You also need to have a regular income of at least $300/week a full time or part time job. This also includes government benefits and pensions. However, keep in mind that your income cannot come fully from government benefits or pensions.

Fundo is built on responsible lending. You will need to show that you can comfortably pay your repayments. We tend to disapprove loan applications if the applicant is at risk of being placed in a financial pickle as a result of borrowing money from Fundo.

Electronic Authorisation

You agree and consent to receiving the credit guide, information statement, credit contract and other documents relevant to your loan by email and/or by SMS, and by the member log-in area via our website. We may use information about you for the purpose of providing you with credit, for direct marketing of products, and to enhance services offered by us or any of our associates.

The information provided by you will be held by us. You can gain access to the information held about you by contacting us. You have the right to request not to receive direct marketing material by advising us at any time. If you do not provide personal information, we may be unable to provide a loan.

Statement of Notifiable Matters (Credit Reporting and Your Privacy) We may disclose personal information, including information about your credit liabilities, repayments and defaults, to the following credit reporting bodies:

Veda Information Services and Solutions Ltd (“Veda”)

P O Box 964, North Sydney NSW 2059,Australia

Telephone: 1300762207

Facsimile: (02)92787333

Website: www.veda.com.au

Dun & Bradstreet (“D&B”)

Level 24, 201 Elizabeth Street, Sydney NSW 2000, Australia

Telephone: (02)82702940

Facsimile: (02)82702866

Website: www.dnb.com.au

Disclosure of Credit Information

VEDA and D&B may include the information in reports provided to credit providers to assist them to assess your credit-worthiness. If you fail to meet your repayment obligations or commit a serious credit infringement, we may be entitled to disclose this to the CRB’s.

Our Policies

Our policies in relation to the management of credit-related personal information are found in our Privacy Policy, which you may access at Privacy Policy.

You may obtain policies about the management of credit-related personal information by reading the Privacy Policy of each CRB on their website. (Addresses shown above)

Your Rights

You have the right to access the information held by us, to request us to correct the information and to make a complaint to us. You have the right to request credit reporting bodies not to use your credit reporting information for the purposes of pre-screening of direct marketing by a credit provider. You also have the right to request credit reporting bodies not to use or disclose credit reporting information about you if you believe on reasonable grounds that you have been, or are likely to be, a victim of fraud.

1. The Lender may use and exchange my customer data with other credit providers;

By signing or consenting to this agreement, I understand that the information the Lender may exchange with other credit providers and alternate service providers (such as credit file repair services, budgeting services and rental services) includes my application information held by the Lender, my identification details, what type of loans I have, how much I have borrowed, whether or not I have met my loan payment obligations and if I have committed a serious credit infringement (for example, fraud).

The Lender may exchange and sell my customer data to other credit providers and alternate service providers who may use my customer data for any of the purposes for which the Lender can use it. I can request that this authority be withdrawn at any time.

2. The Lender may use and exchange my customer data with third parties

Where permitted by law or for any of the purposes mention in clause 1, the Lender can exchange my Customer Data with third parties including:

  • Service providers, for example credit providers, lenders, credit file repair services, budgeting services and rental services;
  • The provider of the market for the sale or distribution of my customer data;
  • Those to whom the Lender or any of the third parties outsources certain functions, forexample: direct marketing, statement production, debt recovery and information technology support;
  • Government and law enforcement agencies or regulators;
  • Credit reporting bodies and credit providers.

3. Anti-Hawking

I understand that as a result of clauses 1 and 2 and any agreement I give in that respect, I may be offered a financial product from another lender based on their credit assessment of my application, it may not be the exact same type or amount I applied for.