*During normal business hours.
If you have been searching for ‘payday loans bad credit instant approval’, you’re likely looking for some fast, short-term finance. As the name suggests, a ‘payday loan’ is a loan that is repaid in full on your next payday. This could be helpful if you are paid fortnightly or monthly, and an unexpected bill has come up that you simply cannot fund until your next payday.
Unfortunately, ‘payday loans’ have been illegal in Australia since 2013. However, a personal loan functions very similarly. Personal loans are small amount loans that can be used for all kinds of purposes. They are often great for a fast cash fix and are as close to ‘instant loans’ that you can find in Australia. So, stop your search for ‘payday loans for bad credit instant approval’ and consider a personal loan with Nifty.
Personal loans are quite similar to payday loans in nature, except they give the borrower extra breathing room. Instead of having to repay their loan in just a few weeks, personal loan repayment terms can range from 6 months to a few years (depending on how much you borrow).
Nifty offers fast cash loans from $300 to $10,000 with loan terms ranging up to 24 months. This enables you to comfortably manage your repayments and other expenses without having to quickly source money to repay your ‘payday loan.’
Finding a personal loan with a bad credit rating can be a challenge. Often, traditional lenders like banks look at a poor credit score and consider the borrower ‘unlendable’. Have you been searching for ‘no credit check payday loans’? While we cannot offer payday loans no credit check, we do offer bad credit loans.
At Nifty, we will take a look at your financial situation as a whole before deciding whether a personal loan is right for you. While we do conduct credit checks, we will also look at things like a bank statement to see if you can realistically repay your loan based on your income and spending habits.
There are an abundance of reasons you may consider taking out a personal loan. Whether it is an emergency medical expense or a much-needed holiday, we may have a personal loan option to suit your needs. Here are some of the most common reasons people take out personal loans with Nifty:
If you are considering applying for a personal loan with Nifty, we have a few eligibility criteria all of our applicants must meet. Please ensure you meet all of these criteria before you apply:
Are you ready to receive an advance? ‘Payday loans for bad credit instant approval’ can be a thing of the past; apply for a personal loan with us following these three simple steps. It is easy to complete our loan application with our 100% online, paperwork free application process.
Use your loan slider to select your loan amount and click ‘Apply Now’. This will then prompt you to fill out the rest of our application, which could take you less than 10 minutes.
Once we have received your completed application, our team will begin assessing your request. If you apply within our business hours, we may be able to get back to you with an outcome within 60 minutes*.
If you’re approved for your loan, we will send you a copy of your loan agreement for you to review and sign. This will clearly state your repayment terms and any terms and conditions that may apply to you. When you’re happy, e-sign the agreement and send it back to us.
When we have received your signed contract, we will transfer your cash straight to your bank account. You could have your cash within just 60 seconds** (depending on which bank you are with).
Do you still have questions about our personal loans? These are some of our most frequently asked questions and answers.
We consider most government benefits as regular income. As long as you have been receiving your Centrelink payments for the last 90 days and meet the rest of our eligibility requirements, we may be able to provide you with a personal loan.
We use encrypted third-party software to look at a digital copy of your bank statements. This is to get an in-depth understanding of your finances to ensure that you will be able to afford your loan repayments. We engage in responsible lending as required by ASIC, so we will never lend you money you cannot repay.
At Nifty, we offer three categories of personal loans: small loans, medium loans and large loans. Small loans are unsecured loans for amounts between $300 and $2,000; medium secured loans are from $2,001 to $4,600; and large secured loans are for amounts from $5,000 to $10,000. For a more detailed description of our loan options, please refer to our costs page.
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.Read More
$5,000 - $10,000
$2,001 - $4,600
$500 - $2,000
* 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.