Bad Credit Loans Australia - Second Chance Loans | Nifty

Bad credit loans in Australia, anywhere, any time

Here at Nifty Loans, we operate 100% online across Australia. This means you can apply for $2,500 to $10,000 anywhere, any time. We are proudly Australian owned and operated. We exist for one simple purpose: to make accessing short term loans quick and easy for everyone! Whether you have good credit or poor credit, apply for a loan with Nifty Loans for a fair go.

Need a bad credit personal loan?

Getting a loan with bad credit history can be difficult. Thankfully, Nifty Loans looks past a bad credit rating when assessing personal loan applications. We look at other factors to determine whether one of our personal loans for bad credit is suitable for you.

We endeavour to deliver our outcomes within 60-minutes*, making us one of the fastest lenders in Australia! Once approved, you could have your cash ready to use in 60-seconds**.

What supporting documents do I need?
  • Personal details (e.g. name, address, date of birth)
  • 100 points of ID
  • The reason for your loan
  • Online banking details
Am I eligible for a bad credit loan?
  • Be at least 18 years old
  • Be an Australian citizen or permanent resident
  • Have had a consistent income for the last 90 days
  • Have an active email address and mobile phone number

Ready to apply?

You can apply for up to $10,000 within minutes!

Our Happy Customers

What can I use bad credit loan for?

Personal Loan Calculator
I want to borrow $5,000
Paid back over 12 months
4.8/5 200+ reviews

The Interest Rate for Secured Large Amount Loans is 21.24%. Maximum Comparison Rate is 48% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan.

Frequently Asked

Can I get debt consolidation bad credit?

We offer debt consolidation loans, meaning that you could apply for a debt consolidation loan with bad credit.

How much do your bad credit loans cost?

You can obtain a disclosure document called a credit guide with all fees and charges applicable to your personal loan. In addition, the fees and charges on our loans will be made clear and transparent to you in your loan contract — there are no hidden fees! However, some fees and charges you might expect include interest, monthly fees, establishment fees, and late fees (if applicable). Your interest rate may be influenced by your current credit score.

Do you conduct credit checks?

Yes! Nifty Loans is a responsible lender — this means we may conduct a credit check on your applications. However, we put more emphasis on your current financial situation. If you currently have the ability to manage a loan, we might be able to provide you with an online loan.

Personal Loan Details

Loan Amounts $5,000 – $10,000
Loan Terms 9 – 24 months
Starting Interest Rate (APR) 11.42% (Excellent Credit)
Starting Comparison Rate 14.49% (Excellent Credit)
Ceiling Interest Rate (APR) 21.24% (Average Credit)
Ceiling Comparison Rate 45.56% (Average Credit)
Type of rate Fixed Rate
Repayment options Weekly, Fortnightly, Monthly
Monthly Fee $0
Early repayment fee $0
Average turnaround 60 minutes*
Loan Options Unsecured & secured options

Credit criteria and terms and conditions apply. Representative example: based on a loan of $10,000 over 36 months a borrower with an excellent credit history can expect to pay a total of $12,389.76. WARNING: This comparison rate is valid only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Interest rates vary subject to a full credit assessment. This represents a comparison rate of 14.49% p.a. and includes all interest and fees included in your loan repayments over the life of your loan. For our personal loan product the APR starts from a minimum of 11.42% (14.49% comparison rate) with a maximum of 21.24% (45.56% comparison rate). The minimum loan term is 9 months and the maximum loan term is 24 months. For more details and examples visit our rates and fees page.