Payday Loans Australia | Fast Loans Online up to $10,000

Need money fast? Apply for a Nifty personal loan.

When you consider the pitfalls of payday loans, you can see why many Australians are considering alternative options to a payday loan. Applying for a personal loan today with Nifty Loans could provide you with an alternative you need to boost your bank account. Nifty offers fast small personal loans online from $2,500 to $10,000 with flexible loan terms up to 24 months and competitive rates. 

Why choose Nifty Loans?

Here at Nifty, we’re proudly Aussie born and bred. We are home to an exceptional customer service team whose reputation is backed by our many positive reviews. We pride ourselves on being a trustworthy lender. Our dedicated loan specialists are committed to finding the right loan product for you and consistently provide fast approvals on loan applications. Apply now and once approved, the money can be in your account in 60-seconds**. 

Who is eligible for payday loans?
  • Be 18 years of age or older
  • Be an Australian citizen or permanent resident
  • Currently be receiving a regular income into a personal bank account (over the last 90 days)
  • Have an active Australian mobile number and email address
  • Have internet banking set up
What information do I need to provide?
  • Basic personal information (name, D.O.B, address, etc.)
  • Contact info
  • Online banking details
  • The reason for your loan

Frequently asked questions

What are payday loans?

Put simply, payday loans are short-term, unsecured loans with a very high-interest rate. The ‘payday’ element comes from the fact that these loans typically require you to pay back the loan amount (with interest) on your next payday.

In some situations – especially urgent ones – payday loans can feel like a saving grace. However, borrowers should exercise caution. Payday loans often come with eye-watering interest rates and a minefield of fees and charges.

Are payday loans illegal in Australia?

Technically, yes. ‘Traditional’ payday loans that were once required to be paid within two weeks are now illegal in Australia. Yet, some may still refer to legal small loan options as ‘payday loans’ given their short-term nature.

Does Nifty provide payday loans?

Nifty does not offer traditional payday loans. However, that doesn’t mean we can’t give you a fair go at a small personal loan. Nifty offers small personal loans ranging from $2,500 to $10,000 that can be used to cover a range of urgent expenses. Depending on the type of loan you’re looking for – small, medium or large – the repayment period can go up to 24 months.

Does Nifty do a credit check?

If you’ve been searching for ‘payday loans no credit check’, chances are you may be worrying about your credit score affecting your borrowing ability. Here at Nifty, we pride ourselves on being a responsible lender and in line with this, we may conduct a credit check. However, be rest assured that our experienced team of loan specialists will give you a fair assessment.

Does Nifty offer loans to customers with bad credit?

‘Payday loans bad credit’ is a common search for many Australians with bad credit. The great news is, Nifty offers personal loans to bad credit customers if they meet our criteria. Our experienced loan specialists use state-of-the-art technology to look at read-only copies of your bank statements, so we’ll take more into our assessment than just your credit history alone. 

We’re hoping you now have all the info you need on payday loans in Australia. Remember, although Nifty does not offer traditional payday loans, we can provide you with online personal loans that are just as quick and easy. You’ll also have more time to repay them, giving you plenty of breathing space.

If you still have a few more questions, please check out our FAQ page or send us a message. Otherwise, go ahead and scroll to the top of this page to get started with your application!

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.