What are payday loans?
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.
However, ‘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.