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5 Situations Where Payday Loans Might Be Your Best Option

By March 22, 2022 June 22nd, 2022 No Comments

Instant payday loans are cash loans with fast approval and often same-day funding to help with those urgent emergencies. Instant payday loans often get a bad reputation, but the reality is sometimes the unexpected happens and you need a quick cash injection fast. That’s where instant approval of payday loans can really help when you’re in a financial jam.

What are instant payday loans?

Put simply, a payday loan is an emergency short term loan that is fast to apply for and fast to access. In fact with many instant cash payday loans, including Fundo, you can receive your funds within an hour. You can usually get instant payday loan online through your smartphone or tablet, which can help if you needs funds away from home.

A payday loan can help people who are unable to meet traditional bank lending requirements. Maybe you have bad credit, or the amount you wish to borrow is too small, or you just need the cash right away for an emergency. That’s where an instant pay loan like our Fundo no check loans can help.

Why choose instant payday loans?

When you find yourself urgently needing funds it can be hard to know where to turn — especially when you’re in a time crunch. If you don’t want to sell your belongings or risk straining your relationship by asking your partner, friends or family to spot you, then a payday loan could be a solution for your problem.

Instant payday loans are available 24/7

Most traditional banks only operate 9am-5pm Monday to Friday. The great thing about Fundo and our instant approval payday loans is that they are available 24 hours a day, 7 days a week, 365 days a year. We understand that financial emergencies don’t just happen during business hours. They’re unexpected and can occur at any time of the year. That’s why our simple online application process is available all the time, and our friendly team are available to review your applications outside of standard business hours. Short on cash over the weekend? It’s no problem for fundo as our fast cash loans are exactly like they sound—fast.

In most cases, we can typically give you an outcome to your application in less than 60 seconds. We understand if you apply for an instant cash payday loan with us it’s because you need funds quickly. When urgent costs happen we act fast. Once approved, from your first click to the money hitting your bank can be as fast at 10 minutes. Seriously.

When might you need an instant approval payday loan? There are a number of situations where you might want to get instant payday loan online. We’ve rounded up a list of 5 times when an instant payday loan might make sense for you.

1. Medical emergency

When the unthinkable happens and you or a loved one has a medical emergency, sometimes you need funds fast. That’s when instant cash payday loans can really help cover the immediate cost of urgent and critical treatments. When there is no time to waste, a fast approval and fast delivery of funds can make all the difference. If you are unable to make an arrangement with your treatment provider, an instant payday loan can ensure you receive the treatment you need.

2. Vet emergency

Our furry friends are part of our family and that means their healthcare is incredibly important to us. A trip to the emergency vet can come with a hefty bill, that’s why Fundo has Pet Bill Loans to help when you need to pay a vet bill fast. In the instance that you can’t afford a vet bill, you should first chat to the vet or treatment provider about what options are available to help. Alternatively you could apply online for a quick fund injection from Fundo. It’ll take you just 3 minutes to fill in the application and we let you know the outcome of your application promptly.

3. Vehicle repairs

Car trouble can spell big trouble when you need your car to get to work and earn a living. Delays or complications with your insurance can leave you high and dry with a hefty mechanic bill. If you have to pay your bill out of your own pocket, it can hurt you financially. If you’re savings are drained a payday loan can help get you back on the road—literally, whilst giving you time to repay the loan and keep you moving forward.

4. Home repairs

Home emergencies happen. A burst pipe, flood damage, lightning or a bad storm can leave your home with damages that are critical to repair fast. You simply can’t afford to wait for the problem to get worse, especially in cases of structural damage or water damage. When you can’t afford to wait, and you can’t afford the repair bill a payday loan can help. The cost of repaying an instant payday loan may be a better financial choice than leaving the problem to get worse and end up costing you more.

5. Urgent and time-sensitive bills

Some time-sensitive payments have astronomical late fees. A payday loan can keep you out of hot water and ensure you can pay those time-sensitive payments on time and avoid any late penalties. Late payments will often be recorded against your credit score, so it’s always a good idea to try and pay all bills and loan repayments on time.

Payday loans are short-term solutions

An instant cash payday loan is a short-term solution to help you out of a tricky financial situation. At Fundo we are responsible lenders who believe every Australian deserves access to financial support, so we look beyond your credit score and aim to give you a fast response to your application, so you can get quick access to cash when you need it most. We pride ourselves on having fair rates and easy repayment terms for our customers and we’re here to help. Reach out to one of our friendly team to find out how a Fundo loan could help you today.


How do I get approved for a Fundo loan?

To get approved for a Fundo loan you will need to meet our minimum requirements for lending. You must be at least 18 years old with an income of at least $500 a week from a part-time or full-time job. You can also have a pension or Centrelink payments on top of your other income.

How can I get an instant loan in 1 hour?

We’ve worked hard to make our application process as easy as possible. Once you have all your documents ready, applying online takes around 3 minutes and we can usually give you a decision quickly and even offer same day funding when you really need cash fast.

What is the quickest Fundo loan to get approved for?

All of our loans at Fundo are have the same eligibility criteria for approval. As long as you meet the above eligibility criteria you stand a reasonable chance of being approved for a Fundo loan. Best of all, applications submitted during business hours will be processed on the same day.

What disqualifies you from getting a loan?

The most common reason for disqualifying from getting a loan is bad credit history, low credit score or high debt-to-income ratio. Ensure that you educate yourself on financial wellness before applying for any type of credit product.

How do I get help with my Fundo loan application?

Give us a call on 02 9066 9660 or send us an email to [email protected] and our friendly customer service team will be more than happy to help answer any questions you may have and talk you through the process

I’m already a Fundo customer, do I have to apply for a new loan?

Yes, you will have to complete a new application for each instant payday loan you want funding for, so we can assess your current circumstances. For our returning customers we make this super easy — you can apply in just 3 clicks via your Fundo dashboard.

What if I have bad credit?

Everyone deserves a helping hand sometimes. That’s why we don’t only look at your credit score when we assess your application, we also look at your spending patterns and income to help decide if we can approve your application. We believe we are the only lender in Australia that rewards our customers for showing outstanding financial behaviour.

Disclaimer: The opinions expressed in the Blog are for general informational and entertainment purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific investment product. It is only intended to provide education about the financial industry.  The views reflected in the commentary are subject to change at any time without notice.


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