Frequently Asked Questions
How can Funda help me?
Funda can help you in different ways more than you could ever imagine. If you need a personal loan in order to buy something you badly needed, then Funda allows you to get your hands on that merchandise without having to cash out. If you are looking for more capital for your business on the other hand, Funda can also help you achieve your business goals fast when you apply for a business loan.
If you are a retailer, Funda can help you reach more customers and increase your conversion rate by offering credit to your customers so they can buy the things that they love even if they do not have the necessary cash on hand.
Do I need to deposit?
No. There’s no deposit required upon applying for a loan.
Can I apply online?
Yes. Funda makes sure to make the process quick, easy, hassle-free, and less stressful. Just click the “apply now” button and follow the prompts. OR call 1300647996 to apply on the phone.
Are your loans secured or unsecured?
We offer both.
How long will it take to process my application?
In most cases you’ll have an answer in around 5 minutes. Upon approval of your loan, your merchandise or cash will be available. (Depending on the location, store or your bank you may have it ready to go or up to 1 business day)
What are the other lending services you are offering?
Below is the list of our services:
- Personal Loans
- Fast Cash
- Business Loans
- Same as Cash
- Operating Lease Finance
- Retail Partner Program
- Pay Your Bills (car rego, rates, medical gaps, fines, education expenses etc.)
What is the maximum and minimum loan and how long will I be paying for it?
The maximum and minimum loan depends on the type of service you want. For Personal Loans, you can borrow from $500 up to $5,000. For Business, you can borrow up to $10,000 both for terms up to 48 months. Other amount considered talk to one of our friendly team 1300 647 996.
Can I negotiate for longer terms?
Funda gives you the power to take control of your own finance so YES, you can negotiate for longer terms.
Can I negotiate for shorter terms?
Yes, you can always pay quicker to save you from interest.
What hours do you operate?
Funda operates from 9:00 AM to 5:00 PM.
What areas do you service?
We cover all of Australia.
How does Same as Cash work?
Same as Cash is like a 60 – 120 day lay-by except that you get to use the goods right away. This service is available at selected partner stores only. Same as Cash requires no deposit, no interest (interest-free), and no fees. You can buy goods up to the value of $5,000, minimum regular payments are required during the Interest and Fee Free period, if you choose not to pay for the goods in full by the end of the Fee Free period fees and charges apply as per our standard credit contract, all you have to do is keep making the minimum payments and your goods will be paid off in the pre-selected contract period of between 12 and 48 months.
Of course you can pay the loan out at any time.
With Same as Cash, you won’t need to pay with cash or max out your credit card making it a better way to pay, hassle-free. Up front you’ll know how much and for how long you have to pay if you go longer than the Fee Free period to help with you budget.
A lot of people just prefer to pay overtime to smooth out there budget.
How can retailers benefit from Funda?
Retailers benefit from Funda by being able to cater to hundreds of customers dropping buy to your stores. Not all walk-ins have the intention to buy right away. Most of them just want to take a look at new items and save up in order to buy them later. Being a partner of Funda eliminates the thought of “buying later” as you can now offer your customers to take the item home without cash.
The easy application process allows customers to take home the merchandise NOW leaving you and your customers happy the moment they walk out of your doors.
How does Funda operating lease finance works?
Designed to fit your needs and budget, Funda operating lease finance allows you to acquire the necessary equipment in order to run your business easily. It has the flexibility of letting you get what you want, from where you want, and at the price you want. With Funda operating lease finance you can:
- Release cash to run your business
- Claim up to 100% tax deductions
- Negotiate the purchase price
- Structure expenditure to your budget
- Smooth out cash flow
How can I apply for any of Funda’s services?
What are the initial requirements upon application?
Just follow the easy online application process and follow the prompts along the way, have your license, Medicare or passport numbers available for your ID check and your bank account details to receive the funds and make payments then it will be processed automatically giving you an answer.
Do I need to go to your branch or office in order to process my loan completely?
No, the loan application process is fully automated and can be completed online. Transactions can be done when you’re at your favorite store/retailer, at home, or even on your car through mobile devices.