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*Only available for NPP enabled bank accounts

Comparing electricity and gas plans can be overwhelming!

COMPARING ELECTRICITY AND GAS PLANS WHO HAS THE BEST DEAL?

Gas and electricity are a very competitive market with many providers to choose from so its no wonder customers become easily confused and overwhelmed.

Electricity

Electricity prices tend to vary from state to state so the first thing you need to do when comparing prices is ensure you are getting the best deal for your state.

When comparing electricity prices you need to collect your previous bills with your previous supplier, the more bills the better as it gives you a better idea of how much you usually spend and the differences between the seasons.

When comparing electricity plans and contracts the main point of reference will be price for most people.

However there are other things you might like to take into consideration like:

  • Exit fee’s – If you are leaving your current provider and being stung a nasty exit fee, you may want to look around for a new provider who doesn’t charge exit fee’s incase you want to change providers in the future.
  • Online account – Most providers are doing this these days as most companies have gone paperless, this can be handy for keeping an eye on your bills and charges and make paying them much easier.
  • Bill smoothing – Some companies are offering this service now where customers pay the same amount each bill no matter how much electricity they use. Look out for this when comparing your suppliers and see who offers the best deal!

How does the company figure out how much power to charge you?

There are two different kinds of tariff charges, a fixed charge and a usage charge.

A fixed charge is a fee that is charged by the company to supply your house with power.

A supply or usage charge is how much power you actually use and it is charged on top of the fixed charge.

Now that you have the basics down pat you can confidently go and check out the plans offered by the companies in your state and be able to understand the terminology and negotiate the best plan for you and your family.

Gas

What is natural gas?

When I think about gas most of the time I think of the old houses with the giant bottles that needed refilling before you got a hot shower!

Well not anymore! Many new homes have natural gas that is supplied from the street like our water. This can be used for things such as heating the houses hot water, gas cooking stove’s, fireplaces, washing machine’s and more.

There are only 10 gas suppliers in Australia so it makes it a little difficult to change gas suppliers if you live in one of the unlucky states that only have one supplier!

What are the fee’s that Gas Company’s charge?

Gas company’s also charge a fixed and usage charge.

A fixed charge is a fee that is charged by the company to supply your house with gas, much the same as electricity and it does not vary.

Usage charges are fees that are charged on top of the fixed fee’s and are comprised of one or a mixture of the following:

  • Single rate – is a flat rate and is charged at the same rate no matter what time of day it is.
  • Off-peak rate – Customers are charged different rates for different times of the day.
  • Block rate – You are charged by how many blocks you use.
  • Feed in rate – This is a rate for people with solar panels who actually get paid for the electricity that their panels produce.

When choosing a gas supplier you need to consider things such as:

  • Billing period – How often do you want to pay your bills check what your prospective company offers.
  • Tariffs – These are pretty important when it comes to choosing your gas supplier because it can decide how much your gas will cost.
  • Pay your bill on time and get discounts – Many companies offer big discounts for paying on time, something to consider!

If you’re thinking about making the big move soon, you should check out our blog post on things to look out for when moving!

In conclusion you now have a pretty good starting point on what the fine print on your bills are all about, so now you can go ahead and compare electricity and gas prices within your area and take advantage of all your options.

Can I get a personal loan for electrical bills?

Generally, online lenders can offer quick personal loans for electrical bills depending on your financial circumstances. Nifty Loans can provide loans for unexpected bills from $300 to $5,000. The repayment period will depend on the amount you choose to borrow. You can apply online in minutes, have an outcome within the hour* and if approved, get the funds in your pocket and ready to use in 60 seconds**.

Am I eligible to apply for an unexpected bill loan?

Eligibility requirements differ from lender to lender, so make sure to check that you’re eligible before you apply. 

To apply with Nifty, you just need to meet the four requirements below:

  1. You must be over 18 years of age
  2. Be an Australian citizen or permanent resident
  3. Receive a regular income into a personal account for at least 3 months
  4. Have an active mobile number and email address

If you meet the above requirements, you can begin your loan application! Scroll up and use our loan calculator to get started.

What type of personal loans can I get?

Whether you’re looking for an unsecured small loan or a secured large loan, Nifty Loans can help! We offer a variety of flexible loan options when you’re looking to borrow money and fast. Before you apply, check out the types of personal loans we provide:

Loan typeThe loan amountThe loan term
Unsecured$300 to $2,0003 to 9 months (depending on how much you borrow)
Secured$2,000 to $4,6009 to 24 months
Secured$5,0009 to 24 months

Found an option that suits you? Great! Scroll up and use our loan calculator to select how much you wish to borrow and for how long. 

Ready to apply?

Great! Scroll up to get started with our loan application today. You’ll be done in no time. If you have any questions about your application or our loan process, please contact our friendly team, we’re always happy to help.

*subject to when you submit your application

**Only available for NPP enabled bank accounts

Loan Costs

Small Loans

Small Loans

$300 - $2,000

Loan amounts:$300 - $2,000
Terms:6 - 9 months
Establishment fee:20%
Monthly Fee:4%
APR:N / A *
Comparison Rate:138.37%**
View Example

Small Loan Example

Loan amount:$1,000
Terms:6 Months,
(24 weekly repayments)
Establishment fee:$200
Total other fees:$240
Total payable:$1,440
Weekly installments:$60.00
View Loan Details
Medium Loans

Medium Loans

$2,001 - $4,600

Loan amounts:$2,001 - $4,600
Terms:9 - 24 months
Establishment fee:$400
Monthly Fee:$0
APR:47.8%
Comparison Rate:65.86%**
View Example

Medium Loan Example

Loan amount:$2,500
Terms:24 Months,
(104 weekly repayments)
Establishment fee:$400
Total other fees:$1,609.44 (reducing interest)
Total payable:$4,509.44
Weekly installments:$43.36
View Loan Details
Large Loans

Large Loans

$5,000

Loan amount:$5,000
Terms:9 - 24 months
Establishment fee:Variable
Monthly Fee:$0
APR:21.24%
Comparison Rate:48%**
View Example

Large Loan Example

Loan amounts:$5,000
Terms:18 months,
(78 weekly repayments)
Establishment fee and Total Interest:$1,897.54
Total payable:$6,897.54
Weekly installments:$88.43
View Loan Details
* 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.

Loan Costs

Small Loans

Small Loans

$300 - $2,000

Loan amounts:$300 - $2,000
Terms:6 - 9 months
Establishment fee:20%
Monthly Fee:4%
APR:N / A *
Comparison Rate:138.37%**
View Example

Small Loan Example

Loan amount:$1,000
Terms:6 Months,
(24 weekly repayments)
Establishment fee:$200
Total other fees:$240
Total payable:$1,440
Weekly installments:$60.00
View Loan Details
Medium Loans

Medium Loans

$2,001 - $4,600

Loan amounts:$2,001 - $4,600
Terms:9 - 24 months
Establishment fee:$400
Monthly Fee:$0
APR:47.8%
Comparison Rate:65.86%**
View Example

Medium Loan Example

Loan amount:$2,500
Terms:24 Months,
(104 weekly repayments)
Establishment fee:$400
Total other fees:$1,609.44 (reducing interest)
Total payable:$4,509.44
Weekly installments:$43.36
View Loan Details
Large Loans

Large Loans

$5,000

Loan amount:$5,000
Terms:9 - 24 months
Establishment fee:Variable
Monthly Fee:$0
APR:21.24%
Comparison Rate:48%**
View Example

Large Loan Example

Loan amounts:$5,000
Terms:18 months,
(78 weekly repayments)
Establishment fee and Total Interest:$1,897.54
Total payable:$6,897.54
Weekly installments:$88.43

* 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.

We don’t stop there

No matter what the occasion is, Nifty has your back.