Frequently Asked Questions

Your Questions Answered



How Can Funda Help Me?

Funda can help you with small business loans or immediate payment of your invoices. If you are looking for more capital for your business, Funda can help you achieve your business goals fast when you apply for a finance with us.

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 straight away, and make repayment over time.

About Funda’s Business Loan

Our small business loan can be provided in as little as 12 hours from assessment. We offer loans ranging from $5,000 to $250,000 at interest rates that are up to 50% lower than other non-bank lenders.

Funda’s small business loans carry an annual interest rate from 24% or 2% per month. That is half of what some other non-bank lenders charge. We also offer one of the market’s leading repayment terms of up to five years, instead of the typical 12 months.

Can I Pay My Loan Out Earlier?

If you would like to pay your loan out earlier, you can. Pay back what you owe without any additional fees or charges. That is only one way we show we are your finance partner.

About Better Cashflow

Our Better CashFlow service helps you cover your outstanding invoices immediately. Let’s say your client owes you $10,000. Instead of wasting time and energy chasing the outstanding amount up, let us pay you 95% (in this case $9,500) immediately. Simply leave the balance for us to follow up. Our charges range from 2% to 5% of the outstanding invoice value.

Do I Need A Deposit?

No. There’s no deposit required upon applying for a loan with Funda.

Can I Apply Online?

Yes. Funda makes sure to make the process quick, easy, hassle-free, and less stressful. You can apply now or call 1300 647 996.

Do I Need Security For A Funda Loan?

Depending on a creditworthiness assessment, loans up to $100,000 can be extended without security. As long as you follow your loan obligations (as detailed in your loan contract document), security may never be required. For loans of over $100,000, Funda takes security in the form of a charge over assets. Unlike a traditional bank, Funda does not generally take mortgage over a borrower’s home.

How Long Will It Take To Process My Application?

We promise to assess your application within 24 business hours or the first month’s interest is on us. If you have an existing relationship with us, the process will be even quicker. Upon approval of your loan, your finance can be available within 2 business days.

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 Business, you can borrow from $5,000 to $250,000.  Talk to our team today on [email protected] or 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 terms ranging from months up to five years.

Can I Negotiate For Shorter Terms?

Yes, you can always pay quicker to save you from interest. There is no penalty to pay early, you will not incur additional charges.

What Hours Do You Operate?

Funda operates Monday to Friday from 9:00 AM to 5:00 PM. For questions outside of business hours please email [email protected].

What Areas Do You Service?

We cover all of Australia.

What Other Services Do You Provide?

How Can I Apply For Any Of Funda’s services?

You can apply for Funda’s services here or by calling 1300 647 996.

What Are The Initial Requirements Upon Application?

One of our friendly consultants will contact you to discuss what you need. The type of information we require include your company ABN, ACN, identification such as a driver’s licence and your bank account details.

Do I Need To Go To Your Branch Or Office In Order To Process My Loan Completely?

No, the loan application process is easy and can be commenced online and via phone. Transactions can be completed where you are and when it suits you.

Any Further Questions We Can Assist With?

Applying for finance can be daunting. You may have further questions or simply want to talk to someone who can provide guidance for your circumstances. Contacting us is easy. By submitting the form below, one of our friendly consultants will contact you shortly.