Instant loans are the best option if you need money for urgent financial needs. These loans can be available within a few hours of application and will be immediately disbursed once approved. In this article, let’s discuss everything about instant loans from companies such as Fundo so that you can understand their features and benefits.

Interest Rates

The interest rates for short-term loans are higher than other loans. If you have a good credit score, the interest rate is lower.

Having collateral to offer as security can help bring down your loan’s interest rate. For example, if you own a car and need cash quickly but do not have time to wait for traditional instalment loans and banks have refused your request for an advance on your salary, then getting an instant loan could be an option for you.

The lower the credit score rating you have attained with previous borrowing history (i.e., how often and how much has been borrowed previously), the higher the cost of raising funds through this type of loan product will be.

Credit Score

You may have heard of credit scores. You might even know that lenders use them to decide whether or not they will lend you money and at what interest rate. Most lenders consider your credit score when determining whether or not to approve your loan application.

In simple terms, a credit score is between 300 and 900, representing the likelihood that you will be able to repay any money borrowed from creditors in full on time as agreed. Credit scores are calculated based on your credit report information and provided by three major international agencies. Equifax, Experian & TransUnion Europe (the US equivalent).

You must understand the different components that make up your personal rating because this can help prevent any negative surprises further down the line.

Loan Tenure

Many factors determine your loan tenure. Some of the most important factors are your credit score and income. If you have a good credit score and enough income, then you can get a longer-duration loan to repay the debt.

On the other hand, if your credit score is low and your income is too low to repay the entire amount quickly, it might be difficult to pay back within the stipulated time period.

Therefore, before going for any instant personal loan from any lender, make sure they will give you an appropriate tenure based on these parameters.

Easy to Apply

Easy to Apply

No collateral required

Fast disbursal of funds

No Hidden Charges

You will not be charged any hidden fees or prepayment charges. There are no document processing fees, processing fees or any other hidden charges.

Quick Disbursal of Funds

· Disbursement of funds within 24 hours:

· No paperwork to be filled, no documents required, and no collateral is needed. The loan is disbursed to your bank account within 24 hours.

· Online application process:

· You can apply for a cash advance online and get an instant response within minutes, which will help you decide whether or not you want to borrow money in this way. If you choose to take out an online payday loan, the money will be deposited into your account soon after approval by our system.


These loans from companies such as Fundo are ideal for people who need funds in a short period. Instant loans are easy to apply for and can be availed by consumers without credit checks or documentation. The repayment process is quite simple, too, as these loans have low-interest rates and affordable EMIs.

In addition, the disbursal process is quick so that you get your money within a few hours. Or, at most, within 24 hours after submitting your application form. So, if you have any urgent expenses such as medical bills or home repairs, opt for an instant loan instead of taking a traditional one that takes several days before getting approved.