Fast Payday Loans | What You Need to Know | Learn More

What is a payday loan?

Fast payday loans are short-term loans that enable you to cover the cost of personal expenses quickly until you get your next paycheck. Generally, a payday loan will only be for a small amount with a very high-interest rate. Traditional payday loans that were required to be paid within two weeks are now illegal in Australia, but you can find small loan options from a wide range of lenders. The trick is finding the right online lender for the job!

Nifty is an online neo-lender making it simple for Aussies to borrow the fast cash they need. If you’re looking for a fast payday loan to cover an unexpected expense, we could help you get a loan fast. Our smart online application means we could have an outcome for you in just 60 minutes*! Better still, we offer flexible repayment options – so you can set up your repayments to coincide with your pay. Keep reading to learn more or scroll up now to apply!

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Can I get a fast payday loan?

Nifty does not offer traditional ‘payday loans’ which are required to be paid back within two weeks, as they technically are illegal in Australia. We do, however, offer Small Amount Credit Contracts (SACCs) which are very similar in nature. SACCs are usually loan amounts under the value of $2,000 and are repaid over a period of up to 12 months. SACCs can be used to cover a wide variety of expenses and have flexible repayment terms. So, you can align your repayments to coincide with when you get paid.

If you have been googling ‘fast payday advance’, ‘get cash fast before your payday’, ‘fast payday loans instant decision’ or ‘fast payday loans online’ then remember that a lender who does claim to provide a traditional payday loan may not be complying with ASIC’s Code of Responsible Lending.

Get fast personal loans online

If you’re on the hunt for a fast payday loan, Nifty could help you access the funding you’re searching for. Although we don’t claim to offer short term credit contract payday loans, we do offer flexible repayment options that enable you to pay off your loan in line with your pay cycle. At Nifty, we understand that sometimes Aussies just need a little extra help. So, we are making it simpler than ever to access fast, reliable and safe personal loans.

The best part is, you can apply 100% online without the hassle of a traditional lender. So, if you’re looking for a fast payday loan, consider applying for a personal loan with Nifty. We may be just what you’re looking for!

What if I have bad credit?

If you’ve got bad credit and are struggling to gain approval from a traditional lender, then just ask Nifty. We don’t stereotype, so our team won’t judge you based solely on your credit score.

We will look at where you’re at with your finances now, rather than focusing on the past. After all, people change and so do financial situations. We don’t think you should be judged on something you did up to 7 years ago. Our team will take a look at your bank statements to assess factors like your spending habits, income and existing financial commitments. If we can see you have made an effort to reconcile bad credit you could be eligible for a loan with us.

Can I get an instant loan?

Unfortunately, all good things take time. At Nifty, we do not guarantee instant loans, but we can guarantee you a fast outcome on a personal loan if you submit your application during AEST business hours. We understand that when you need quick cash there is no time to waste. The good news is if your personal bank is NPP-enabled you could have the money in your account and ready to use in just 60 seconds,** once approved.

Who can apply?

If you’re looking to access fast money before payday with a loan, there are a few basic criteria you’ll need to meet before you apply with Nifty. All applicants must:

  • Be over 18-years old
  • Be an Australian citizen or permanent resident
  • Have evidence of a regular income for at least 3-months
  • Have an active mobile number and email address

Pretty simple, isn’t it! If you’ve got questions regarding our application criteria you can shoot us a message and we will do our best to get back to you ASAP!

What do I need?

When you apply with Nifty, we won’t ask you to submit any paper forms whatsoever! Our application process is 100% online. We will, however, need to grab a few important details from you to properly assess your application. You can submit all the necessary documents completely online.

Here is what we suggest you have handy:

  • Personal info
  • Contact details
  • 100 points of ID
  • Reason for your loan
  • Internet banking and employment details

Why do I need to submit online banking details?

At Nifty, we take a realistic approach to lending. We may require your online banking details so our team can access read-only copies of your bank statements. What does Nifty do with bank statements? Well, we take a look at your spending habits, income and existing financial commitments to properly assess whether or not you are able to afford a loan. At Nifty, we want to ensure all of our applicants have the means to repay their loan. If you’d like to know more about this process you can contact the team or head to our FAQ page for more information.

What if I can’t make a repayment?

Sometimes life gets in the way and making a repayment just isn’t possible – we get it. If that’s the case, let us know! If you don’t think you are going to be able to make your next repayment, get in touch with the Nifty team 24 hours prior and we will do our best to arrange an alternative payment schedule. The most important thing is communication. Let us know what’s going on so we can make your life a little easier!

Want to read more?

Still got questions about fast loans? Don’t hesitate to reach out to the Nifty team via our contact page. Alternatively, if you’re interested to read more about personal finance you can head to our blog.

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