Nifty Personal Loans

the costs you can expect

How much cash do you want?
How long do you want it for?

Loans from $2100 to $4600 require a car, motorbike, boat or caravan to be provided as security. If you cannot provide security, please apply for $2000 or less.

Repayments

The Annual Percentage Rate for Secured Medium Loans is 48%. Comparison Rate is 66.0347% p.a. This comparison rate is based on a Medium Amount Credit Contract for an amount of $2,500 over 2 years and a $400 establishment fee. Fees and charges are payable.

The maximum you will be charged is a 20% Establishment Fee and a 4% Monthly Fee. Under the current legislation lenders do not charge an annual monthly interest rate for our Small Amount Credit Contracts. You may know this as Annual Percentage Rate or APR(%)

the basics

Make sure you know these three terms:

Small personal loan: An unsecured loan of $300 to $2,000, repaid over 3 to 6 months.

Establishment Fee

A once-off fee of up to 20% of the principal. This amount is built into repayments.

Ongoing Fees

A monthly fee of 4% of the principal. Charged per month or part thereof, where there is an outstanding balance.

Other fees

$27.50 is added to your account when direct debits or other due payments are not made in full.

Medium personal loan: A secured loan of $2100 to $4600 requiring a car, motorbike, boat or caravan to be provided as security.

Establishment Fee

A once-off fee of $400. This amount is built into repayments.

Ongoing Fee

An annual percentage rate of 48% of the principal. Charged per month or part thereof, where there is an outstanding balance.

Other fee

$27.50 is added to your account when direct debits or other due payments are not made in full.

how it works.

small personal loans.

  • Loan amounts: $300 – $2,000
  • Terms: 3 months – 6 months
  • Establishment fee: Up to 20%
  • Monthly fee: 4%

Example

Loan Amount: $500
Term: 10 weeks, repayable weekly
Principal amount: $500
Establishment fee: $100
Total other fees: $60
Total monthly fees 4% per month over 10 weeks
Total payable: $660
Weekly installments: $66

medium personal loans.

  • Loan amounts: $2,001 – $4,600
  • Terms: 13 months – 24 months
  • Establishment fee: up to $400.
  • Annual Percentage Rate (APR): 48%
  • Comparison Rate: 66.0347%

Example

Loan Amount: $3,000
Term: 18 months, repayable weekly
Principal amount: $3,000
Establishment fee: $400
Total other fees: $1,378.87
Total payable: $4,840.14
Weekly installments: $61.27

Ready to get stuck in?

apply now