*During normal business hours.
Motorcycles, the ultimate ‘cool guy’ accessory. Think leather jacket, a set of aviators and Tom Cruise. The pinnacle of ‘cool’. Well, this could be you with motorcycle loans through Nifty…or maybe not. But still, you can’t deny the undeniable cool factor of owning a motorbike. If you’ve been wondering how motorcycle loans work or how to get one, you’ve come to the right place. Enter, Nifty! Your one-stop-shop for all of your small to medium financial needs. Before getting into the nitty-gritty of motorbike loans, let us explain who we are. Check out fast loan options here.
Like most forms of finance, motorcycle loans offer a means to an end. Essentially, when you want to purchase a new motorbike but you don’t have enough to buy it out-right, you seek outside finance to cover the gap. This allows you to get on the road sooner without the months (or even years) of saving you would have had to otherwise put up with. Now, this does come at a cost. Like any business, loan lenders need to make money. The way they usually do this is by charging fees or interest on a given loan. It is this give-and-take relationship that forms the basis for almost all financial business.
If you are choosing to apply for a motorbike loan, it is also important you understand the differences between secured and unsecured loans. First off, let’s talk about the secured variety. When applying for a secured loan, you will need to borrow the money against an asset that you own. In most cases, this will be a car or other vehicle that you already own. In other cases, the asset you purchased through the loan will then be used for security. Being as it is, the lender then becomes the technical owner of the asset. Whether this is a vehicle or otherwise, it does not mean that you can no longer possess the asset; It just means that if anything were to happen, the lender would become the first entitled entity.
Unsecured loans are a little different. As with any loan, money borrowed still needs to be repaid at an extra cost. The difference with an unsecured loan is that you do not need to produce an asset to be used as security. There are some downsides to this, however. It is common for the lender to have stricter lending criteria and higher costs for unsecured loans as opposed to secured. This really boils down the risk incurred by the lender. Now that you’ve had a run down, let’s get to what Nifty has to offer!
As mentioned earlier, Nifty offers three different loan types; Small, Medium and Large. The beauty of these loans is that they can be used for almost anything! Think motorcycle loans to home renovation loans; dental loans to car repair loans; Nifty has it all! For greater reference, shown below is a break-down of the offered loan types and their respective loan amounts:
|Small Cash Loans||Unsecured||$300 – $2,000|
|Medium Personal Loans||Secured||$2,100 – $4,600|
|Large Personal Loans||Secured||$5,000 – $10,000|
For a better overview of the costs associated with each loan, scroll up and have a play with our loan calculator. This tool offers a rough insight into the cost for each of our loans. You can also find more detail on our costs page. So, whether you’re looking for a large loan or a small one, Nifty provides the options to suit your needs. Have your eye on a new motorcycle but it’s just out of reach? Apply with Nifty and you can have confidence in knowing you’ll be given a fair go!
We like to think we’re pretty easy-going. Because of this, we have aimed to make our application criteria as accessible as possible. There are, however, some cases where we are unable to help. So, before shooting through that motorcycle loans application, take a look at our minimum criteria to make sure you’re all clear:
That’s it! If you tick yes to all of the boxes, simply scroll up to start your application for motorbike loans! You could be hitting the road on a new bike in no time.
Since you have gotten this far, you may be wondering to yourself “can I still get motorcycle loans on Centrelink?” Well, you’re in luck! Nifty is more than happy to assess client’s who are receiving Centrelink benefits. Whether you’re getting partial or full benefits, we may still be able to help. In the essence of full disclosure, however, there are some benefits which we cannot accept.
We have recognised that benefits such as Youth Allowance, Newstart (Job Seeker) and Austudy either do not provide enough income, are too inconsistent or are a combination of both. If you would like to enquire about your eligibility or if you have other questions, feel free to contact our service team. For further information regarding the different benefits, visit the Department of Human Services’ benefits page.
Those looking for motorbike loans with bad credit need not fret! Unlike some traditional lenders, We do not base our entire loan assessment on an applicant’s credit score. At Nifty, we routinely offer loans to clients with a ‘below average’ credit score. This is because we understand that it does not show the full picture of a person’s financial situation. This isn’t to say that we don’t conduct credit checks, we definitely do, but we also base the majority of the assessment on an individual’s bank statements. It is our opinion that this provides better insight into a person’s recent financial position.
So, if you’re unsure of your credit score or are worried about a low credit score, fear not! Apply with Nifty and who knows? You could be zooming down the road on a new motorcycle in no time!
Now that you’re all caught up, why not get to applying? To make the application process as easy as possible, we have compiled a list of all the information you need to get started. Have a look below to see what you need.
Easy, right? With this information in hand, you’ll find that you can fly through the application. Not satisfied? Well, submit the application within regular business hours and we could have an answer within 60-minutes!
Now that you’re aware of our eligibility and know what you need to begin, let’s show you how our applications work. We have listed a step-by-step guide on how to apply below:
Submitting an application is simple. When you’re ready, scroll to the top of any Nifty web page to use our loan calculator; simply follow the prompts to determine your desired loan amount and term. When this is done, you will be directed to another page to finish off your application. Don’t stress, this is where we ask for your bank statements and financial information so that we may help you as best as we can.
When your application comes through it is run through a quick auto-checker to determine your eligibility. If you pass this step you will receive an email confirming the application was successful! Yay! After which, our dedicated assessment team will get to work crunching the numbers. Remember, they are not robots, so applications can only be processed during regular business hours.
Once everything is done and dusted, you will receive a final outcome for your application through an email. Hopefully, it confirms that you have been approved. If this is the case, congratulations and welcome to the Nifty family! You would have already received a digital contract to sign. Quickly open this document and have a read through to ensure you fully understand the terms and conditions of the loan. If you have any queries or wish to make amendments, this is the time! Simply give our service team a call and they will be happy to help where possible.
If you’re happy with everything, you are able to sign the contract electronically and it will be sent back automatically. From there, your funds will be dispersed! The best news? If you have an NPP enabled bank account, you will receive the funds within mere seconds of signing the contract! If not, you can expect the funds in your account overnight. Pretty simple, hey?
Nifty is a 100% online Australian lender looking to make a splash in the lending world. Gone are the days of long queues at brick and mortar stores, the age of online-lending is here! What does that mean for you? Well, in short, faster applications, faster processing and faster money. It doesn’t get any better than that! You may be wondering, “how much can I borrow through Nifty?” We’re glad you asked, Nifty offers loans from $300 to $10,000 at three different loan types; Small Loans, Medium Loans and Large Loans. Each come with their own costs and repayment periods. For an in-depth look at the fees and interest for the different types, have a quick squiz at our costs page.
Looking to apply? We mentioned fast processing times, right? If you apply during regular business hours, our team will aim to have an outcome for you in 60-minutes! Not only that but if you’re approved and you sign the contract, the funds will be sent to your account instantly!
If you’ve made it here, we hope an application for motorcycle loans has already been submitted. If so, get ready to be blown away by the Nifty experience! With fast processing times, friendly service and stellar loan offerings, we think we’re pretty good and hope you do too.
If you have unanswered questions about our service, you can head to the FAQs page and see if the answer is waiting for you.
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*Only available for NPP enabled accountsApply Now
Since founding Nifty in 2016, Bell has continued to make waves within the local financial sector for his continued ambition and willingness to adopt emerging technologies.Read More
$5,000 - $10,000
$2,001 - $4,600
$300 - $2,000
* Not applicable. Small loans do not charge an annual interest rate.
** 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. Different loans may include other payable fees and charges. All fees and charges will always be displayed on your loan contract.