Apply for Cash Loans For Bad Credit | $300 to $5,000

cash loans for bad credit

Unexpected expenses getting you down? Think cash loans for bad credit

Ever find yourself in need of some quick cash? Your finances will be cooking away nicely until unexpected expenses hit and desolate all your hard work. That’s when you can turn to Nifty Loans. When you shout, “whoops”, you can count on Nifty to offer cash loans when you need it.

Are you worried about your credit? Don’t be. Trust us, we’ve seen it all and we want to give all Aussies a fair go when applying for finance, bad credit and all. That’s why we offer cash loans for bad credit. But, before we get into the nitty-gritty of our lending service, we’d better introduce ourselves.

About Nifty Loans

We are a neo-lender that specialises in quick finance when you need it most. We want to give anyone a chance to apply for a loan, without the hassle of jumping through hoops. We certainly don’t want the headache of a lengthy loan process, so that’s why we offer a quick application process, deliver fast outcomes and, if approved, can transfer cash straight to your bank. That’s cash in your pocket, quickly!

We can offer all kinds of loans, big and small! Our unsecured small loans start from $300 and go up to $2,000. If you’re looking for something with a little more punch, you can opt for our larger secured loans, from $2,001 to $5,000. The repayment period will depend on the loan amount.

So, whether you’re after something small, or a larger sum to cover expenses or fund your next holiday, Nifty Loans could be the perfect answer!

What are bad credit loans?

If you have bad credit, you may find yourself typing “24 7 instant cash loans for bad credit” into Google. It’s a common search. And we’ve listened. That’s why we offer loans to people with poor credit.

But, what are loans for bad credit, you may ask? Well, they’re simply personal loans ranging between $300 to $5,000. The payments and repayment period depend on the amount you choose to borrow. Luckily, at Nifty, we don’t like cheesy suspense, so you can find out your payments and repayment period from our loan calculator. Simply scroll up to find our loan calculator. Easy, right?

Who is eligible to apply?

Nifty Loans aims to give everyone a fair go at applying for quick finance. However, we do have a few requirements to meet before you can apply for a loan. You must be:

  • Over 18 years old
  • An Australian citizen or permanent resident
  • Receiving a regular income into a personal bank account for at least the past 3 months
  • Have an active phone number and email address

And that’s it! Just four little requirements. Nothing too scary, right? Before you apply, simply check off these requirements and you’re ready to go.

What should you have handy when applying?

We want to make borrowing cash, easy. That’s why you can complete our online application in minutes! But before you begin, have these details handy to really breeze through your application:

  • Personal contact details, etc. active mobile number and email address
  • Reason for your loan
  • Bank account details
  • MyGov details (if applicable)
  • Employment info

If you have this information close by, you should fly through your application. If you have any questions about our application and what you need, don’t hesitate to email our friendly team of loan specialists at info@niftypersonalloans.com.au. We care about your data and want to keep it safe.

How to apply for cash loans

Applying for cash loans for bad credit takes a few minutes. That’s it! Whether you have bad credit or are receiving Centrelink payments, you can complete our application with a cuppa in hand, and you could have your cash by tea time.

Our cash loans process in three easy steps:

Step 1: You Apply Online

To begin your application, you just need to start with our loan calculator. Select how much you wish to borrow and for how long. Then you can select whether you wish to make your repayments weekly, fortnightly or monthly. Once you are happy with your loan terms, click the Apply button and you’re already on your way to applying for cash loans!

Step 2: We Assess your Application

After you submit your application, we get to work assessing your application. We aim to deliver same day outcomes if you apply during regular business hours. Our team of loan specialists will do their best to assess your application quickly! But keep an eye on your emails and text messages, in case they need any extra info. Otherwise, relax with a cuppa or just get back to what you do best whilst we assess your loan.

Step 3: We can approve your loan

If you hear the good news (that you’re approved), firstly congrats! And secondly, we’ll send you an electric contract to sign. We think of everything, even the trees, so there’s no need to print out your contract. If you’re happy with the offer, simply sign and it will be sent back automatically. If everything runs smoothly, we’ll transfer your funds immediately. We deliver cash straight to your account. Of course, times may vary depending on the speed of your bank.

That’s it! Just three simple steps and you could be approved for cash loans for bad credit. We like to think we’re pretty speedy! We’ve designed a loan process that strives to provide easy finance for Aussies when they need it most. So, what are you waiting for? Scroll up and apply today!

No hidden costs!

When applying for a loan, the last thing you need is sneaky costs hidden in 8pt font at the bottom of your contract. That’s why we are 100% transparent about our loan costs. Our costs do differ depending on the amount you decide to borrow. So, check out our costs below, before you fill out our quick application:

For small unsecured loans from $300 to $2,000:

  • Establishment fee: Initial fee of up to 20% of your principal
  • Ongoing fee: Monthly fee of 4% of your principal
  • Dishonour fee: If you fail to make a repayment a dishonour fee of $27.50 will be placed onto your loan balance

For medium secured loans from $2,001 to $4,600:

  • Establishment fee: Initial fee of $400, that is built into your repayments
  • Ongoing fee: An annual percentage rate of 48% of the principal amount
  • Dishonour fee: If you fail to make a repayment a dishonour fee of $27.50 will be placed onto your loan balance

For large secured loans from $5,000:

  • Ongoing fee: An annual percentage rate of 21.24% of your principal
  • Dishonour fee: If you fail to make a repayment a dishonour fee of $27.50 will be placed onto your loan balance

And that’s it. Those are the only costs you need to worry about. You’ll find them all outlined clearly in your loan contract, so remember to read it before signing!

To secure or not to secure

At Nifty Loans, we offer both unsecured and secured personal loans. An unsecured loan ranges from $300 to $2,000 and doesn’t require any equity as security. Just simply apply and we’ll see if you are eligible for a loan with Nifty. If you’re after a loan above $2,000, then we require you to attach equity to your application, such as a car, motorbike, caravan or boat. So, whether you’re after something a little casual or a slightly heftier investment, just scroll up and apply for a Nifty loan today.

Headache-free repayments!

With Nifty Loans, there’s no need to stress your repayments. If you’re approved, and you accept your loan contract, we will set up a direct debit with your nominated bank account. In short, this means that your repayments will be deducted from your account automatically! That’s right. No need to set up hundreds of reminders, only to forget to make your repayments. Just make sure you have enough funds in your account to meet your repayment, and that’s all! Don’t mess around with complicated repayments, apply with Nifty for automated bliss.

No paperwork

We think that if we’re going to offer an easy application, it cannot possibly involve paperwork. That’s why our application is 100% paperwork free! How does this work, you may ask? Well, to assess your application, we use the latest in safe banking technology. We’re able to access a read-only copy of your bank statements and expenses to help assess whether you are suitable for a loan. So, no need to start yelling at your scanner or begin suffering from hand cramps. Just apply for our no paperwork loans instead!

Do we perform credit checks?

The short answer is yes, we do. However, if you have bad credit that may not be the end of your story. We do perform credit checks, however, we look at more than just your credit score. Our expert assessors will look at your credit score, in addition to your current relationship with money.

How do we offer cash loans for bad credit?

Well, firstly because we want to give Aussies a chance to apply for quick, easy loans. Now, how we do it is even simpler. Our team of loan specialists simply look at your current income and expenses, rather than just your credit score. Don’t let the fact that we perform credit checks deter you from applying for cash loans for bad credit. We look at your current relationship with money and assess whether you can afford to repay your loan. That’s it! Nothing complicated.

Do we offer cash loans for Centrelink customers with bad credit?

Yes, we do! We offer cash loans for Centrelink customer with bad credit. It’s a mouthful, isn’t it? Well, we’re here to simplify things. If you’re receiving Centrelink payments, then you may have been knocked back for finance before. If so, have a go with Nifty! We classify Centrelink as regular income if you’ve been receiving the payments for at least 3 months. That’s Nifty! So, apply for cash loans for Centrelink customers with bad credit up to $5,000 today.

What other kinds of personal loans do we offer?

You know we offer cash loans for bad credit, but that’s not all. We have a myriad of loans on offer, such as:

And the list could go on. We offer all kinds of loans, and most importantly, they’re all fast and assessed by the expert Nifty team. So, if you’re in need of some quick cash for a holiday, car repair, medical bills or something else, just scroll up and apply today.

Let’s be friends

So, if you have bad credit and you’re looking for cash loans, you’re in luck!

We may be 100% online, but behind the screen, we have a team of friendly customer service experts on hand to answer any of your enquiries. So, if you have questions you can give us a call on 1300 471 328 or send an email to info@niftypersonalloans.com.au.

Want more of Nifty Loans? Great! Follow us on Facebook, Instagram, Twitter, Google + and Pinterest. You can also keep up to date with the latest personal finance and lifestyle trends via our blog.

Who can apply?

18+

You're at least 18 years old

kangaroo

You're an Australian Citizen or Permanent Resident.

Hand holding up 3 fingers

You've been receiving a regular income into a personal bank account for at least 3 months.

Email address @

You have an active mobile number and email address.

How it works

Small Loans

$300 - $2,000

small potplant
Loan amounts:$300 - $2,000
Terms:3 - 6 months
Establishment fee:20%
Monthly Fee:4%
*Max Comparison Rate:199.43%
VIEW EXAMPLE

Small Loan Example

Loan amount:$1,000
Terms:12 Months,
(50 weekly repayments)
Establishment fee:$200
Total other fees:$240
Total payable:$1,440
Weekly installments:$33.60
VIEW LOAN DETAILS

Medium Loans

$2,001 - $4,600

medium potplant
Loan amounts:$2,001 - $4,600
Terms:13 - 24 months
Establishment fee:$400
APR:48%
*Max Comparison Rate:67.41%
VIEW EXAMPLE

Medium Loan Example

Loan amount:$3,000
Terms:18 Months,
(78 weekly repayments)
Establishment fee:$400
Total other fees:$1,379.06 (reducing interest)
Total payable:$4,779.06
Weekly installments:$61.27
VIEW LOAN DETAILS

Large Loans

$5000

large potplant
Loan amount:$5,000
Terms:13 - 24 months
APR:21.24%
*Max Comparison Rate:48%
VIEW EXAMPLE

Large Loan Example

Loan amount:$5,000
Term:18 months,
(78 weekly repayments)
Establishment fee:$400
Total Interest:$2,027.80
Total payable:$7,027.80
Weekly installments:$90.10
VIEW LOAN DETAILS
*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.

Who we've helped

Apply for Cash Loans For Bad Credit | $300 to $5,000 Overall rating: 4.8 out of 5 based on 21 reviews.

Who we've helped

Apply for Cash Loans For Bad Credit | $300 to $5,000 Overall rating: 4.8 out of 5 based on 21 reviews.
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Excellent

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How customers rate Nifty's Personal Loans

Apply for Cash Loans For Bad Credit | $300 to $5,000 Overall rating: 4.8 out of 5 based on 21 reviews.

Types of loans