Loans Without Bank Statements | Nifty Loans

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up to $5,000

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Personal Loan

Car Loan

I want to borrow $1,000

For loans over $5,000 we recommend utilising your car as security.

Paid back over 9Months

Estimated repayments:

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Fast Personal Loans

  • Smart and quick application form, which can be completed in minutes
  • 70% of applicants receive an outcome instantly
  • For applications that do not receive instant outcome, most receive a final outcome within 60 minutes!*

*During normal business hours.

Loans Without Bank Statements

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. 

How it works

Nifty Loans offers fast cash loans from $300 to $10,000 in three tiers of loan amounts: small loans, medium loans and large loans. 

Small loans range from $300 to $2,000 and can be repaid over a period of 6 to 9 months.

Medium loans are for loan amounts from $2,001 to $4,600 and can be paid back over a 9 to 24 month period.

Large loans are for any loan amount from $5,000 to $10,000 and can similarly be paid back over 9 to 24 months. 

Interest rates and fees on your loan will completely depend on how much you are borrowing and other factors like your credit score. For more information about our fees and charges, check out our costs page or scroll up to use our loan calculator.

How to apply with Nifty

Ready to apply for a quick loan with Nifty? All you need to do is follow these simple steps.

Step 1: Apply online

Scroll up and use our loan calculator to determine your loan amount and repayment terms. Once you’re happy, press ‘Apply Now’ and finish the rest of our online application process. This should take you less than 10 minutes.

Step 2: We assess your application

Once we have received your application, with all the required supporting documents, we will begin processing your request. We will do our best to get back to you within 60 minutes* of submitting your application (if you apply within AEST business hours). 

Step 3: Review and sign your contract

If your application is approved, we will let you know and send you through an electronic contract for you to review and sign. We encourage you to make yourself familiar with our terms and conditions, as well as any additional fees you could incur with things like late payments. Once you’re happy, sign your contract and send it back to us.

Step 4: Receive your money

Once we receive your signed contract, we will transfer your funds straight to your bank account. You could have the money ready to use within 60 seconds** (depending on which bank you are with). 

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. 

Do you provide loans for people on Centrelink?

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. 

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Andy Andy

AUTHORITATIVE SOURCE

Andrew Bell

Since founding Nifty in 2016, Bell has continued to make waves within the local financial sector for his continued ambition and willingness to adopt emerging technologies.

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Loan Costs

Large Loans

Large Loan Example

$5,000 - $10,000

Loan amount:
$5,000
Terms:
9 - 24 months
Establishment fee:
Variable
Monthly Fee:
$0
APR:
21.24%
Comparison Rate:
48%**
View 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

Medium Loans

Medium Loan Example

$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
Loan amounts:
$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

Small Loans

Small Loan Example

$500 - $2,000

Loan amounts:
$500 - $2,000
Terms:
12 months
Establishment fee:
20%
Monthly Fee:
4%
APR:
N / A *
Comparison Rate:
138.37%**
View Example
Loan amount:
$1,000
Terms:
12 Months, (52 weekly repayments
Establishment fee:
$200
Total other fees:
$240
Total payable:
$1,440
Weekly installments:
$35
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.