Quick cash loans are just that, quick! They are personal loans, big or small. You can apply from $300 to $5,000 and repay them over a 3 to 24 month period. If you’re approved, your funds will be transferred on the same day.
Let’s face it, these days everyone is looking for a quick, easy, online option for their everyday tasks. From finding a home loan to ordering a pizza – people want to find the best solution right now, so of course, it’s no different for short-term cash loans.
Fortunately, we’ve sidestepped the hard work for you.
Who is Nifty Loans?
Well, simply put, we are Australia’s fastest growing online lender. We service online loans up to $5,000 for everyday Australians – with repayment periods up to 24 months.
Our dedicated loan outcomes team work with hundreds of Australians each and every day to identify the best loan for their needs.
More importantly, we are a committed responsible lender. As such we comply with all the relevant state and federal legislation so you can trust that we will get you the best outcome every time. So are you ready to get apply today? Keep reading to find out all you need to know.
How much can I borrow from Nifty?
At Nifty we do three types of easy loans. We do small unsecured loans, of amounts between $300 to $2,000 that you can repay over 3 to 6 months. In addition, we do medium secured personal loans of amounts between $2,001 to $4,600 that you can repay over 13 to 24 months. We also offer large secured personal loans of $5,000 that you repay over a 13-24 month period.
What are the costs of Nifty quick cash loans?
Our costs vary slightly between the two different types of loans we do here at Nifty. To give you an idea of what our loans cost, you can use our loan repayment calculator at the top of the page. Just use the sliders, to select how much you want to borrow as well as the repayment period over which you would like to repay the loan. If you want to find out more about the allowable fees and charges for personal loans, just visit the Moneysmart website.
Small loans costs
Our small cash loans cost an establishment fee of 20% of the loan amount. Plus, additional fees of 4% per month for the life of the loan.
Medium loans costs
Our medium loans for $2,001 to $4,600 cost an establishment fee of $400 plus additional fees of 48% per annum. Or a comparison rate of 66.0347% based on a ($2500 loan over 2 years with an establishment fee of $400).
Large personal loans
Our large secured loans of $5,000 have an annual percentage rate of 21.24% of the principal and a possible dishonour fee.
And that’s all the costs you can expect for our personal loans. No nasty surprises looming at the bottom of your loan contract.
Where can I find quick cash loans Australia?
You can find all our loans online, on our website. That means it doesn’t matter where you are in Australia, you can apply online, easy.
How can I use my quick cash loan?
The great thing about our loans is that they can be used to pay for anything you need them for. Honestly, the sky’s the limit! Though here is a list of some of the reasons people apply:
- New fridge or washing machineThese are often expensive pieces of furniture to buy and aren’t things that you can live without for very long. Well, unless you’re excellent with an esky.
- Car repairsPerhaps you’ve had an accident or your car has broken down. If you don’t comprehensive insurance, it’s still up to you to fork out the costs to pay for the damages to your vehicle. If you need funds to get your car back on the road, get busy applying.
- Renovation costsPerhaps you’ve decided it’s time to give a room in your house a facelift. Nifty loans can be just the thing to turn your renovation desires into a reality and you can worry about paying it off later.
- Travel or holiday costsPerhaps you’ve realised it’s time for you to take a much needed holiday. Personal loans can help you to achieve the holiday you need and deserve.
- Wedding or honeymoon plansWeddings can be expensive, so if you need any help to with financing your special day we can help with that!
How do I apply?
One of the things we are very proud of at Nifty Personal Loans is our super easy online application process. Why? Because our loan applications are 100% online and take minutes to complete! Isn’t that great or what? Compare this to getting a loan in the past where you had to physically make a loan application with a bank manager. Using our application process, it couldn’t be easier. You don’t even have to leave your house. All you need is a device that is connected to the internet and apply from there! This can either be a phone, tablet or laptop.
This means you:
- Can submit your application from anywhere and at any time
- Don’t have to worry about submitting piles of paperwork
- Can sit on the bus to work and apply for the quick cash loan you need
Also, we utilise the latest and safest banking and identification technology so you know that your information is safe with us.
What are the eligibility requirements for quick cash loans?
To be eligible, you need to meet the following eligibility requirements:
- You need to be at least 18 years of age
- Must be an Australian citizen or permanent resident
- Will need to have been receiving regular income for the past 90 days
What information do I need handy when I apply?
To apply, online, all you need is to answer the questions on our online application form. It will ask you a few questions about your employment details along with some questions about your finances. The form will also ask you to provide us with some documents to support your application. The following is a list of the documents you will need to provide with your application:
- I.D. (Drivers license, POA card, Passport etc.)
- Internet bank details
- My Gov details (if applicable)
- Active mobile and email address
How does the approval process work?
Once you have submitted your application, it’ll head over for assessment! If you apply within business hours, we try and assess your application within 60 minutes and we’ll get back to you to let you know the outcome of your application. We’ll look at your bank statements over the last 90 days to verify your income vs your expenses. This allows us to assess whether you are receiving a regular income and if you will be able to afford the repayments for the amount you applied for.
If we approve your loan application, we extend you a loan offer by asking you to sign our loan contract. Where you can choose to accept or decline the offer, it’s up to you!
When will I know if my application is approved?
In most cases, loan applications, submitted during business hours, will be assessed within 60 minutes. Our aim is to provide fast cash loans Australia to make finance more accessible. When applying, make sure to have these details handy:
- Thorough and accurate information
- A current contact phone number and email address
- All requested documentation
When do I receive my quick cash loans online?
As soon as you accept the loan contract we’ll transfer your funds to you straight away! That means you could receive your funds within the very same day you apply. It just depends on what bank you are with. If you don’t receive your funds the same day, you should receive them overnight.
How do repayments work?
The way we structure repayments is that we help you to set up a direct debit. This means your repayments come out of your account automatically without you having to worry about making them on time. You can choose the date you would like your direct debits to come out of your account on. Plus, you can choose the repayment interval, whether you would like to make your repayments on a weekly, fortnightly or monthly basis. We suggest setting it up to match your pay cycle so that you know you will never have to worry about missing a payment.
What if I can’t make a repayment?
If for some reason you are faced with an unexpected circumstance and you find yourself unable to make a payment, the best thing to do is contact us to let us know as soon as possible. The worst thing to do would be to stick your head in the sand as you could end up accumulating penalty fees for missed. If you let us know we can try and set up and arrangement that works for both parties.
What if I have had bad credit in the past?
Then that’s where it should stay. If your financial history is sound, then we see no problem approving your loan application. All we need is the last 90 days of bank statements and a Centrelink income statement if you’re receiving benefits. So, if you need bad credit loans, we’re here to help! No credit checks as the sole reason for loan approval. No piles of paperwork. Just your current financial situation. We’re not your average lender, we welcome clients with bad credit, receive Centrelink and people who are self-employed.
Is Centrelink income okay?
In most instances, yes. We know that just because you receive Centrelink payments does not mean you are not capable of repaying a loan. If you are receiving a routine and reliable weekly or fortnightly payment, we will be happy to look into an application.
Do you do quick cash loans for single mothers?
Yes, we do! Provided you meet our basic criteria, we’d be happy to assess an application from yourself.
What if I have more questions?
Then ask us! We understand that taking on a new loan can be a big decision so there are no questions that are too small, or too silly.
Our customer service team are only available for calls during business hours – if you have a query outside of these hours, simply send us an email or complete an online enquiry form and we will get back to you the next business day.
So if you have been hit with an unexpected bill – apply now for quick cash loans with Nifty Personal Loans! We’ll do our best to help you.