Loans Without Bank Statements | Nifty Loans
What are loans without bank statements?

Loans without bank statements are loans provided to applicants without first looking over their bank statements. It can seem like an inconvenience to provide bank statements and have to go over months of transaction history. Fortunately, Nifty Loans allows you to apply for personal loans 100% online. This means no wasting time printing hard copies of your bank statements. We believe in making loans simple, so all of our applications are completely paperwork free.

Can I get a no bank statement loan in Australia?

It is a legal obligation for lenders and credit providers to abide by the responsible lending guidelines set by ASIC. Responsible lending protects consumers from incurring debt they will not be able to repay. Here at Nifty Loans, we look at read-only copies of your bank statements to ensure that taking on a loan is a feasible option for you. We will never grant loans that we do not think you will be able to comfortably repay.

No paperwork loans with Nifty

We provide loans without bank statements in Australia to applicants that provide us with their online banking details. We will look at your online bank statements using third-party encryption, so you don’t need to worry about finding them. Our 100% online application form involves no paperwork so you can complete it within minutes anywhere, anytime. All you need is an internet connection and a computer or smartphone.

How do you check my bank statements?

We ask for your internet banking details so that we can access read-only copies of your bank statements and expenses using third-party encryption. We will never be able to make any changes to your accounts or access your money in any regard. All we will do is assess your finances, using both screenshots of your bank statements and a credit check, to ensure that the loan amount and terms you are requesting will be reasonably comfortable for you to repay.

Am I eligible?

We only have a few requirements from our applicants. Before you apply, please make sure you can say ‘yes’ to the following:

  • You are at least 18 years old
  • You are an Australian citizen or Permanent Resident
  • You have had a regular income for the last 90 days
  • You have an active email address and phone number
  • You have internet banking set up
What documents do I need?

Not sure what supporting documents you will need for your application? To streamline your application process, please ensure you have the following documents handy.

  • 100 points of identification
  • Your basic personal information (name, D.O.B, address etc.)
  • Online banking login details (so we can access read-only copies of your bank statements)
  • Your myGov details (if you receive Centrelink benefits)
  • The reason for your loan application

Loans without bank statements FAQs

Still have a question? Here are some answers to our most commonly asked questions about loans without bank statements.

Do you provide loans without bank statements?

It is required by law that we abide by the responsible lending obligations set by ASIC. As part of this obligation, we must see online copies of your bank statements before we can approve your loan application. We will never grant loans that we don’t think you’ll be able to comfortably repay.

We consider most Centrelink income as regular income, so as long as you have been receiving your benefits for at least 90 days, you should be eligible for a personal loan with Nifty. Unfortunately, we cannot provide loans to people receiving Jobseeker or Youth Allowance as these are only temporary benefits.

How do I repay my loan?

We will set up a direct debit to withdraw funds on the same day that you’re paid. We do this to ensure that you’ll always have enough money in your account to meet the repayments. When your loan has been paid back in full, these direct debits will stop. All you need to do is ensure the money is in your account on your nominated day.

Can I pay out my loan early?

We will not charge you an early settlement fee for paying out your loan before the loan term ends. If you are in a position to pay off your loan early, you’re welcome to do so. By doing this you can save money in monthly fees and interest.

Ready to Apply?

Personal Loan Details

Loan Amounts $5,000 – $15,000
Loan Terms 9 – 24 months
Starting Interest Rate (APR) 11.42% (Excellent Credit)
Starting Comparison Rate 14.49% (Excellent Credit)
Ceiling Interest Rate (APR) 21.24% (Average Credit)
Ceiling Comparison Rate 45.56% (Average Credit)
Type of rate Fixed Rate
Repayment options Weekly, Fortnightly, Monthly
Monthly Fee $0
Early repayment fee $0
Average turnaround 60 minutes*
Loan Options Unsecured & secured options

Credit criteria and terms and conditions apply. Representative example: based on a loan of $10,000 over 36 months a borrower with an excellent credit history can expect to pay a total of $12,389.76. WARNING: This comparison rate is valid 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. Interest rates vary subject to a full credit assessment. This represents a comparison rate of 14.49% p.a. and includes all interest and fees included in your loan repayments over the life of your loan. For our personal loan product the APR starts from a minimum of 11.42% (14.49% comparison rate) with a maximum of 21.24% (45.56% comparison rate). The minimum loan term is 9 months and the maximum loan term is 24 months. For more details and examples visit our rates and fees page.