Consolidation Loans For Bad Credit | Loans for up to $10,000

No fuss.
Just nifty loans.

Get your cash within 60 seconds of approval*

Apply now for:

Fast Personal Loan

up to $5,000


Car Loan

for cars over $10,000

Personal Loan

Car Loan

I want to borrow $1,000

For loans over $5,000 we recommend utilising your car as security.

Paid back over 9Months

Estimated repayments:

Your data is secure

Comodo Logo

Trusted by

Trusted Site Logo

Our customer rating

Google Reviews

ⓘ Loan Disclaimer

Fast Personal Loans

  • Smart and quick application form, which can be completed in minutes
  • 70% of applicants receive an outcome instantly
  • For applications that do not receive instant outcome, most receive a final outcome within 60 minutes!*

*During normal business hours.

Consolidation Loans for Bad Credit

Streamline your repayments with debt consolidation

Managing multiple loans or credit cards can prove to be quite the juggling act. Remembering all the different dates for loan repayments can seem almost impossible, and failure to pay up on time can result in hefty fees and charges. Debt consolidation reduces your multiple repayments into just one, minimising stress and clutter in your life. 

What is a debt consolidation loan?

A debt consolidation loan is designed to pay off all of your existing debts leaving you with just one regular repayment. This saves the stress of worrying about multiple loans and their corresponding payments. With Nifty Loans, applying for a fast cash loan couldn’t be easier with our simple application process. It’s 100% online and paperwork free. 

Can I get a consolidation loan with bad credit?

A consolidation loan with bad credit is a form of personal loan for people with poor credit. If you have lots of smaller loans and forget to pay them on time, this can negatively impact your credit score. A debt consolidation loan will not only help make your payments easier to manage, but if it can help you improve your credit score. Provided you make repayments on time.  

We look at your current finances holistically. We do conduct credit checks as a part of our commitment to responsible lending; however, this is not the only thing we consider. If you have bad credit, you can rest assured that we will put more focus on factors when assessing your application. Your credit score will not be a deciding factor. 

What are the benefits of debt consolidation?

Consolidating multiple debts into one easy-to-remember loan takes away the stress of multiple payments. It also saves you from paying multiple lenders with different interest rates. You’ll just have to focus on one simple repayment with a fixed interest rate. 

Here are the numerous benefits associated with consolidation loans:

  1. The debtor has more affordable repayment terms with a clear structure
  2. They can work out cheaper than multiple credit agreements
  3. This affordability usually results in an increase in cash flow (when the loan is over a longer term)
  4. Your credit score will often be positively affected once the multiple debts are settled
  5. Multiple agreements usually means multiple interest rates. Consolidation loans eliminates excess interest payments 
  6. Monthly repayments are usually fixed over the span of the agreement

What bills could I consolidate with a consolidation loan?

There are several bills you can look at consolidating. Some examples of these bills are:

  • Credit Cards 
  • Personal Loans
  • Car Loans 
  • Furniture or Equipment Loans 
  • Medical Bills 
  • Utility Bills
  • Mobile Phone Bills 
  • Student Loans

Before consolidating your bills, you should always compare the interest rate or fees that are associated with your current credit accounts. This is to ensure that the loan you are applying for is affordable for your budget. 

Is a consolidation loan right for me?

Our team takes a realistic look at your finances to ensure a consolidation loan is affordable and manageable for you. We do not want to cause you any further financial stress, so we take this process very seriously. 

We will do our best to match you with a loan product suited to your individual situation; however, sometimes this is not always possible. The Nifty team is all about responsible lending, so we’ll never lend you an amount that you can afford to comfortably repay. If you’d like to get in touch, you can send us a message and we will get back to you as soon as possible.

Am I eligible for a consolidation loan?

At Nifty, we like to make things straightforward and hassle-free. So, here’s what you’ll need to say ‘yes’ to if before you apply for a consolidation loan with us:

  • You must be at least 18 years old
  • You must be an Australian citizen or Permanent Resident
  • You must have a regular income deposited into your own personal bank account for the last three months
  • You must have internet banking set up
  • You must have an active mobile number and email address

What documents do I need?

When you’ll apply, we’ll require the following information: 

  • Personal information (name, D.O.B etc.)
  • 100 points of identification
  • Internet banking details
  • Your myGov details (if you receive Centrelink benefits)
  • Employment details and employer contact info
  • Proof that you are an Australian citizen or Permanent Resident

Ready To Apply?

Are you ready to consolidate your debts? Apply for a same day loan by following these steps:

Step 1: Apply

Scroll up and use our loan slider to select the amount that suits you. When you’re happy, click ‘Apply Now’.

Step 2: Complete your application

You will be directed straight to our 100% online application form. This could only take you a few minutes to complete. 

Step 3: We assess your application

If your application is successful a member of our team will be in touch. We will send over your contract for you to review and sign. We recommend you read your contract carefully and make yourself aware of any fees and charges you could incur for late or failed payments.

Step 4: Get your money

Once we receive your signed contract, we will transfer the funds straight to your account. You could have your cash in just 60 seconds* (depending on your bank). 

Consolidation loan FAQs

Below are some of the most frequently asked questions we get about our quick debt consolidation loans

Why do you need my online banking details?

Our team requires your online banking details in order to access read-only copies of your bank statements. This gives us a better idea as to whether or not you will be able to repay the loan. There is no need to worry; Nifty uses the latest in safe banking technology to ensure your information is always encrypted. That means we will never be able to see your personal details or passwords.

Will you contact my employer?

We only conduct employment checks to verify employment or to request further information about you. Don’t stress, we will never disclose any of your personal information or the reason why you are applying for a loan to your employer.

Can I get a debt consolidation loan if I’m receiving Centrelink?

We consider most forms of Centrelink as regular income. Every applicant is subject to assessment. The reason we assess your income is to ensure that a personal loan will be manageable for you.

Are there any hidden fees and charges?

We will never hide any fees, charges or interest rates associated with your loan. If your loan application is successful, we encourage you to read your loan agreement carefully. The interest rate as well as any fees and charges will be clearly stated in this agreement. Our team is here to assist you. So, if you are unsure, simply send us a message and we will do our best to clear up any confusion.

Apply Now

Andy Andy


Andrew Bell

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

Loan Costs

Large Loans

Large Loan Example

$5,000 - $10,000

Loan amount:
9 - 24 months
Establishment fee:
Monthly Fee:
Comparison Rate:
View Example
Loan amounts:
18 months, (78 weekly repayments)
Establishment fee and Total Interest:
Total payable:
Weekly installments:
View Loan Details

Medium Loans

Medium Loan Example

$2,001 - $4,600

Loan amounts:
$2,001 - $4,600
9 - 24 months
Establishment fee:
Monthly Fee:
Comparison Rate:
View Example
Loan amounts:
24 Months, (104 weekly repayments)
Establishment fee:
Total other fees:
$1,609.44 (reducing interest)
Total payable:
Weekly installments:
View Loan Details

Small Loans

Small Loan Example

$500 - $2,000

Loan amounts:
$500 - $2,000
12 months
Establishment fee:
Monthly Fee:
N / A *
Comparison Rate:
View Example
Loan amount:
12 Months, (52 weekly repayments
Establishment fee:
Total other fees:
Total payable:
Weekly installments:
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.