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s WARNING: Do you really need a loan today?*

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.


Check your options before you borrow:

  • For information about other options for managing bills and debts, call 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor.
  • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan.
  • If you are on government benefits, ask if you can receive an advance from Centrelink: www.humanservices.gov.au/advancepayments

The Australian Government’s MoneySmart website shows you how small amount loans work and suggests other options that may help you.

*This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009

Loan applications can be complicated. Gathering all your expenses and documents takes up time you just don’t have. That’s why Nifty uses a quick ID check, with paperless applications and electronic ID verification.

Why ID checks?

When submitting a loan application through Nifty, there are steps to verify your ID. ID checks protect us as well as you. Nifty provides thorough identity checks to safeguard your identity and ensure we understand who you are. It’s a simple process, made easy by our step to step guide and clear to follow requirements for your loan application.

The 100-point ID system

The 100-point ID systems will create a solid picture of your identity. It’s the perfect safeguard against fraud. Modern systems of ID checking may not directly reference the system, however, most use the 100-point ID system as a foundation. The system assigns a point value to each level of documentation. There are two levels – Primary and Secondary. A primary document is worth 70 points and includes a birth certificate, proof of citizenship or a passport.

Nifty application tip: Nifty applications require you to be an Australian citizen or permanent resident.
Secondary documents include Driver’s Licences, Land titles or bank statements. The point value of these documents ranges from 25-40 points.

Nifty application tip: We require bank records for our loan applications, as they are a record of your finances and your personal details. Not to worry, though. We’ve made it really easy to submit these, without having to print and scan pages from the bank. More on that later!

Nifty’s ID check is simple and easy to follow. We apply a flexible approach if you are unable to supply specific documentation. Contact us via our website for any questions regarding documentation.

What is an electronic ID check?

The advance in technology has created the opportunity to electronic ID checks online. No more shifting through piles of discharged paper for the right documents. We can access your files in an identity-related database. These databases allow us to simultaneously collaborate all your information across multiple channels. It’s a convenient time-saver to help us fast-track your loan application process.

The future of electronic ID check

Electronic ID check lowers the risk of fraud and money laundering. It creates a safer trading space for the internet. To provide further protection against identity theft and fraud, biometric technology will be implementing electronic ID checks. Biometric identification uses the unique makeup of an individual, such as their face, voice and fingerprints.

Why is Nifty using electronic ID check?

  1. To reduce fraud: the cryptography used to manufacture digital identities is very difficult to replicate.
  2. Convenience: Forget the hassle of printing off bank statements, or photocopying your licence.
  3. Reduce costs: Verifying your identity via electronic ID is cheaper for us, that means we spend more time and money on finding the best loan for you!

How does Nifty’s application process work?

When applying for a loan through Nifty, we take the stress out of overbearing paperwork. To start, use our handy loan collector widget, located top of the Nifty webpage. Our loan application is paperless and will only take up 5 minutes of your time. If you apply within normal business hours, you will receive a reply to your application in 60 minutes.
We have developed smart software that can truly read your application and financial history to match you with your perfect loan.

What does Nifty look when you apply for a loan?

Bank statements: To consider you for a loan, we require copies of your bank statements.
Why: By law, we require your bank statements from the last 90 days.
Bank account details: We require BSB and account number to apply for a loan.
Why: To save you the physical hassle of finding and printing out your bank statements, you use a trusted service provider, Bankstatements.com.au to access your bank accounts. This technology essentially gives us a read-only view of your bank transactions. Don’t worry, we cannot make any transactions in your name! Only necessary personnel have the record of your bank details.
Driver’s Licence: Only if you have one. If not, then a document detailing your personal details, such as address and date of birth, will suffice.
Why: For ID personal details; your name, current address and date of birth.
Your expenses: What you spend on groceries, rent and other bills.
Why: To help evaluate whether you’re suitable for a loan, we examine your expenses.
Centrelink info: Receipts of received Centrelink payments
Why: If you on Centrelink payments, we can consider this when processing your loan application.

Check out more information about Nifty’s Personal Loans here.

What else you need for a Nifty loan application

  • Reason for loan: We require a reason for your loan application. It helps us assess what loan is the right for you. Please provide all the information you can when applying for loan. To help us pair you with the right loan that will suit your financial situation.
  • Receiving regular income into personal bank account for the last three months: We at Nifty know that life is a series of positive and negative moments. So, we ask for a stable income for the previous 3 months to apply for a loan.
  • Active mobile number and address: We will need to contact you after your initial loan application, so make sure you provide the correct personal details.

Bad credit and Nifty

Our software will read your past financial history and decide what is the right loan for you. We do consider applicants with bad credit history, if recent history shows a dedication to healthy finances, such as making repayments and maintaining a regular income. We are responsible lenders that will only lend to the customer when they afford their repayments. We don’t encourage further financial stress and strain.

If you are considering bankruptcy, unfortunately, we cannot help you.

How to contact us

We want to help you find the perfect loan for you! Either contact us via your request from on our website or phone us on 1300 471 328.

For more help, see our most frequent questions answered!