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Piggy Bank

Cash in your bank within 60 seconds of approval*

- It's possible with Nifty.

Tell me more!

*Only available for NPP enabled bank accounts

Are you looking for a loan now? Here’s what you should consider

Loan Now

Finding a loan when you need it

If you’ve been googling ‘fast loan now’ then you’re probably looking for a lender who can deliver speedy, reliable and safe cash without the hassle. Searching the web for an online lender can be tricky and confusing. There are so many different options. Some online lenders claim to offer ‘200 loans now’, ‘loans right now for bad credit’ and ‘cheap loans now’. 

Before you jump straight in and apply for a loan now, it’s always a good idea to do your research. In this article, we’ll run you through some of the key things to consider before applying for personal finance.

Defining ‘personal loans’ 

A personal loan is simply money borrowed from a bank, credit union or online lender. Personal loans are repaid over an agreed upon period and repayments are usually directly debited from the borrower’s account. Smaller personal loans, under the value of $2,000, are usually unsecured whereas larger loan amounts, over the value of $2,000, are usually secured. Most lenders accept a car, motorbike, caravan or boat as security against a loan. 

What to consider before you apply

If you need a loan now, it can be harder to step back and go through your options before jumping online to apply. However, the last thing you want is to end up taking on debt you’re not prepared to handle. The ‘right’ personal loan for you will depend on a number of factors. Yet, in general, you’ll want to take a look at the following things when considering your personal loan options:

1. Your credit history

When it comes to personal finance, your chances of approval are often significantly linked to your credit history. Lenders look at your credit report when they assess your application for finance to get an idea of your financial history. Your credit report contains details like other debts you’ve had over the years and credit enquiries from lenders. In many cases, the credit score calculated by this report will play a big role in a lender deciding whether to lend to you or not.

In Australia, you can access a free annual copy of your credit report through one of the three credit reporting agencies: illion, Experian, or Equifax. It’s always worth checking your credit report before applying for finance to see whether this will help or hinder your chances of approval. If you need a loan now but are worried about bad credit holding you back, certain lenders may still be able to help!

2. Interest rates

The interest charged on your loan will have a big impact on the lifetime cost of your debt. Basically, an interest rate is an amount charged by the lender on top of the money loaned. Your interest rate will vary largely depending on whether you choose an unsecured or secured personal loan. Typically, secured loans will have lower interest rates because they are less risky for lenders to provide than unsecured loans. 

While low interest rates may sound great if you’re looking for cheap loans now, the type of loan might not suit your situation. So, it’s important to weigh up the pros and cons of secured vs unsecured debt before you apply.

3. Associated fees and charges

On top of interest, there are likely to be additional fees and charges applied to your personal loan by the lender. So, while an attractive interest rate may seem appealing when you need a loan now, you may end up paying more in other associated costs. 

Some charges to look out for when looking at your personal loan options include:

  • Establishment fees
  • Servicing fees
  • Early exit fees
  • Early repayment fees
  • Insurance fees
  • Withdrawal fees

4. Repayment terms

The term of your loan will determine how much your repayments will be and what interest you will end up paying. Most of the time, the longer the length of your loan, the lower your monthly repayments will be. Personal loans tend to have short loan terms between 3 to 12 months.  

When it comes to repayments, you’ll especially want to look out for early exit and repayment fees. It is useful if a personal loan allows you to make earlier repayments free of charge since this means you’ll be able to repay your loan ahead of time without any extra charges. 

Nifty Australia 

Nifty is the trusted name in online lending. Our team are here to make your life easier when you need a cash loan now. We don’t mess around. Our team are upfront and honest. If we are able to find an appropriate loan product for your individual situation we’ll let you know. If the Nifty team hasn’t been successful in finding you a loan we’ll be honest. We don’t want to waste your time. Our team believes that transparency is the key to success. 

If you love convenience then you’re going to love Nifty’s 100% online application process. You can apply for a personal loan wherever you are and whenever you like. Nifty is always in your back pocket. All you’ll need to start your application is an internet connection – you could even submit an application from your smartphone. 

At Nifty, we understand that Aussies don’t have time to wait in line at the bank for hours or fill out pages and pages of paper forms. When you apply with Nifty we won’t even ask you to leave the comfort of your couch. We don’t do paper forms or long-winded questionnaires. If you’ve been googling ‘fast loans now’, ‘I need a cash loan right now’ or ‘fast loan money now’ then you might just have found your lender. 

What type of loan can I get?

At Nifty, we don’t offer anything that we can’t deliver. Although we can’t offer instant cash loans, we do our best to get back to all applicants with an outcome in 60 minutes.* Our team cut straight to the chase so you get the cash you need when you need it. 

Nifty offers a wide variety of personal loans for a whole range of different expenses and can approve both secured and unsecured loans. 

Unsecured loans 

An unsecured loan is basically just a loan amount that is not secured with an asset. Unsecured loans are usually for smaller amounts of cash, usually under the value of $2,000. In many cases, unsecured loans are easier to obtain as they do not involve as much risk as a secured loan. At Nifty, we offer unsecured loans under the value of $2,000. These loans are repaid over a maximum of 9 months and are usually directly debited from the borrower’s account on the agreed-upon repayment schedule. 

Secured loans 

A secured loan is a cash amount that is secured by an asset. A secured loan is usually for a larger amount of cash, over $2,000. Secured loans are repaid over a period of 9 to 24 months and, much like unsecured loans, are usually directly debited from the account of the borrower over an agreed-upon repayment schedule. At Nifty, we offer secured loans between the value of $2,000 and $5,000. 

I need a loan now with bad credit

No problem! When you apply with Nifty we look at more than just your credit score. Our team will assess things like income, current financial commitments and spending habits to determine whether a personal loan is the right financial decision for you. We look to the future instead of focussing on the past. The Nifty team doesn’t think a mistake you made 7 years ago should affect your chances at a personal loan today. We’ll conduct a fair and thorough assessment of your loan application that is not based solely around the result of a credit score check.

Will Nifty check my credit score? 

Yes, as a part of our commitment to responsible lending, the Nifty team will conduct a credit score check on your personal loan application. There is no need to worry though, as the Nifty team won’t base their entire assessment on the result of a credit score check. If you’d like to find out more about credit score checks you can get in touch with the Nifty team or head to our FAQ page for more information.

Who can apply? 

So, who can apply for a personal loan with Nifty? If you’ve been searching for ‘money right now loans’ or ‘300 cash loan now’ then you’ll be pleased to know that we like to keep the application criteria as simple as possible at Nifty. Here’s what you’ll need to meet: 

  • You must have an active mobile number and email address; 
  • Applicants must be over the age of 18;  
  • A regular income must have been deposited into your own personal bank account for the last three months; 
  • Applicants must have internet banking set up; 
  • You must be able to prove you are an Australian citizen or permanent resident.

Apply for a loan now!

If you need a personal loan now, don’t waste any more time – apply with us today! It’s free to submit an application and we could have an outcome for you in under an hour.* 

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Learn how to budget with these Nifty little tips!

Mindfulness, fad or life redfining trend? Nifty investigates!  

*Subject to when you submit your application

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.