Fundo is a mobile loan app in Australia that provide an instant loan to people who are in need at a particular point of time.
Fundo offers an instant loan amount between $300 to $2000 to customers who needs an emergency fun.
When you are ranking the best Mobile Loan apps in Australia, it falls on the 4th position among the loan apps.
And to borrow with Fundo loan app is very easy, convenient and reliable.
With Fundo, your personal circumstances and your ability repay is what they check before they approve the loan.
As I said earlier, Fundo loan is instant. You will receive your desired requested loan amount the day.
You can manage your loan and your Fundo account through your personalised dashboard, which lets you check your Fundo credit score, update your account, make payments or reschedule, and refer and earn points – all from your PC or smartphone.
The minimum loan amount Fundo gives to people is $300 and the maximum loan amount also is $2000.
What is Fundo loan Tenure?
The minimum Repayment period for Fundo loan is 61 days.
And the maximum period to repay a loan is 180 days.
What is Fundo Loan Interest Rate?
Under the current legislation, most small personal loan providers don’t charge an annual interest rate (you’ll know this as an APR %).
The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee.
Loan Amount of $1,000 over the period of up 180 days, repayable weekly (20 weekly repayments).
$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 instalments of $70.00.
What Is Fundo Loan Eligibility?
Your qualifications for Fundo loan is very simple and everyone can apply for a loan.
The following are the eligibility criteria
- An applicant should be 18 years and above to apply for a loan.
- You should be a citizen of Australia
How to apply Fundo loan.
Click here http://www.fundo.com.au
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