All You Need To Know About Personal Loans For Pensioners

Personal Loans for Pensioners

With pensioners, we understand that the less complicated things are, the better. That’s why we’ve made our application as simple as possible. We’ve removed all of the old fashioned paperwork that you may be used to, but don’t be concerned. It’s much easier this way! Trust us. We’re the experts when it comes to pensioner loans. We’ve been doing it for years! To get started, simply scroll up to apply now or carry on reading to find out more about personal loans pensioner loans.

What are Personal Loans for Pensioners?

You may have been searching the web looking for a loan that suits you. It’s sometimes hard to make a choice when there are so many services to choose from! When it comes to personal loans for pensioners, Nifty Loans have you covered. We understand that you might be in a period of financial stress, but there’s no need to panic. We do our best to make our loans accessible to every Aussie so we can give them a better future. This doesn’t mean we can guarantee approval when you apply, but we will always give you a fair go. So, if you’re feeling ready to apply, scroll up now and use our loan calculator to get started!

Who are Nifty Loans?

We are more than just a money lending service. We offer small, quick and affordable loans that you can trust. While there is a tendency for borrowers to be treated just like numbers, we treat our customers like our friends. So expect to hear from one of our friendly team who will help you get your finances back on track.

Our application is 100% online, which means that you can complete it whenever you want, wherever you like. With 24/7 access to our online application, you can choose a time that suits you. Whether that’s at home, on your couch or even in between episodes of your favourite Netflix TV show!

A service you can trust

At Nifty Loans, we lend money to our customers responsibly. We never approve loans to people who can’t afford to pay them back. Rather, we work with our customers to find loan plans that are affordable, hassle-free and speedy! We want to help you move towards a better future and not leave you stranded.

So, if you’re currently receiving a pension, you’re still within a chance. When we review your application, one of our experts will give you a decision on whether or not they believe you’re fit for a loan. We’re here to help you get the financial support you need, so go ahead, get in touch now!

No hidden fees

We want your experience with us to be a friendly one, that’s why we’re 100% transparent. We understand that it’s a hassle to read all of that boring fine print, that’s why we like to make that small, yet important information easy for you to understand. So you don’t have to worry about getting charged extra unexpected fees at a later date.

We also want you to be 100% sure that the loan you’re applying for is exactly what you want. Therefore, if at any point during the application you start having second thoughts – no problem. You’re under no obligation to continue with the transaction. If you choose to withdraw from the application, you can do so at no cost.

What we can offer you

We offer loans with values starting from $300 up to $5000 and give you, the customer, flexibility when it comes to choosing a repayment plan. You can choose to repay your loan any time between 3 and 24 months. This will be dependent on the size of the loan that you request as well as your financial situation.

Our loans come in three different sizes, namely, small, medium and large. Our small personal loans for pensioners tend to be unsecured personal loans for pensioners and therefore, do not need to be attached to an asset. However, if you’re requesting a larger sum of money, you can expect to choose an asset of yours to attach to the loan. These are called secured personal loans for pensioners and are used by lenders to minimise the financial impact of an unrepaid loan. We secure our loans to align with our responsible lending practices and do our best to not let our customers lose any of these assets by only offering loans to those who can afford them.

Personal loans for single parents

We like to give everyone a fair go at Nifty Loans, so if you’re a single parent looking for a loan, then we’re here for you! We know how difficult it can be to raise kids on your own, especially when you’re hit by some unexpected bills. It may be that your school-run car has just broken down and you need to get it back on the road quickly, situations like these, we’ve got your back. Our 100% online application form makes it super easy for you to complete at a time that suits you. Once you’ve put the kids to bed and are having a bit of you time, you can apply online in a matter of moments. Don’t worry, we’ve made it super easy to complete so you can have a hassle-free evening now the kids are off your back.

Our interest rates

Whilst we cannot guarantee low interest personal loans for pensioners, we can guarantee you a fair go. You can also expect to choose from flexible repayment plans to fit your lifestyle, so you can get on with things as normal and not have to worry about any surprising payments in the future.

You might want to look at No Interest Loans Scheme (NILS) to see if you can qualify for a loan. They offer loans to families and single parents with access to safe and affordable interest fees.

We do conduct credit checks

Yes, you read that correctly, as responsible lenders, we want to ensure that both parties are making the right decision. If you’re applying for personal loans for pensioners with bad credit, know that Nifty Loans like to give everybody a fair chance. When we review your application, we look at not only your credit file and any outstanding debts, but your recent relationship with your finances. If your credit score is low but we can see that you have been keeping consistently up to date with any due payments, we may still be able to offer you a loan. We understand that bad credit scores can linger around for a long time and people’s spending habits can change over time. That’s why we like to give everyone a chance!

What if I’m on Centrelink?

At Nifty Loans, we consider most Centrelink benefits as a sufficient income for a loan. However, all applications are unique, so go ahead and apply. If you apply for one of our loans during AEST business working hours, you can expect to hear from one of our friendly team with an outcome within 60 minutes. Well, what are you waiting for? Scroll to the top of this page to start your application right now!

What do I need to apply?

If you’re ready to apply, you should know that in order you for to eligible, you need to be able to tick off the following requirements:

  • All applicants must be over 18 years old;
  • You must be a permanent resident or an Australian citizen;
  • Proof that you’ve been earning an income for at least the last 90 days;
  • You must have an active telephone number and email address.

If you’ve said yes to all of the above, then great! Now in order to make your application process that much simpler, we recommend you have the following information at hand:

  • Your personal details, incl. name, D.O.B. etc;
  • 100 points of Identification;
  • Internet banking credentials;
  • MyGov details (if applicable);
  • A brief summary of why you need a loan;
  • Information regarding current and previous employment.

We want your application to be as simple as possible. That’s why we outline all of this handy information so you can get the financial support you need without the hassle.

Why do you need my internet banking details?

You might feel uncomfortable sharing your internet banking details with us, but there’s no need to worry. We use the latest safe banking technology, meaning all of your information is accessed in a read-only format and is always encrypted.

We use the bank statements retrieved from your internet banking account to conduct an income and expenditure assessment. This is done so that we may determine your current budget and spending habits. At no point do Nifty staff have access to your internet bank login details.

How can I apply for personal loans for pensioners?

We’ve created this step by step guide to completing our application. It should have all the answers you need, but if you’re still left with unanswered questions after reading on, please don’t hesitate to get in touch or have a look on our FAQ page.

Step one: Apply Now – Use our loan calculator at the top of every page on our website to enter the amount of money you are looking to borrow. You can also choose the time frame that you would like to repay your loan. This can be anywhere between 3 – 24 months, depending on the size of your loan. Then simply click the ‘apply now’ button to be directed to the start of the application.

Step two: Sit tight – Once you’ve applied, we will begin to process your application. Stay close to your phone whilst we quickly review everything as we may need to get in contact with you for more information.

Step three: Hear from us – If you apply during AEST business hours, you can expect to hear an outcome from us within the hour. So sit back and enjoy the latest episode of your favourite TV show while we assess your application. Our team will be reviewing your credit file and your current relationship with your finances to decide whether you are fit for a loan.

Step four: Get paid! – If you are approved, you will be sent a text message or an email to let you know. Then all that’s left for you to do give the contract a once over and then sign it and send it back to us. From there, depending on your bank, you should receive your money in a matter of moments.

Please note, this is only available for NPP enabled banks. Clients with any other institution will have their funds deposited into their account overnight at the latest.

All clear? Great! You can now put that money to good use. How easy was that?

More from Nifty Loans

We’ve got lots going on at Nifty! It’s not only money lending that we do. Check out the Nifty blog for a diverse selection of articles on finance, travel and lifestyle.

We offer loans to Aussies for every purpose, so if you’re looking for financial support on things like your medical bills or a dream holiday, you might want to check out how Nifty may be able to help.

You can also follow us on Facebook, Twitter and Instagram for more from Nifty Loans!

Who can apply?

18 Years and Older Can Apply For Loans

You're at least 18 years old

Personal Loans Australia

You're an Australian Citizen or Permanent Resident.

Emergency Cash Loans When Earning an Income For More Than 3 Months

You've been receiving a regular income into a personal bank account for at least 3 months.

Our Money Lenders Will Be In Contact

You have an active mobile number and email address.

How it works

Small Loans

$300 - $2,000

Quick Small Loans - Borrow Money Now
Loan amounts:$300 - $2,000
Terms:3 - 6 months
Establishment fee:20%
Monthly Fee:4%
APR:N / A *
Comparison Rate:138.37%**

Small Loan Example

Loan amount:$1,000
Terms:6 Months,
(24 weekly repayments)
Establishment fee:$200
Total other fees:$240
Total payable:$1,440
Weekly installments:$60.00

Medium Loans

$2,001 - $4,600

Medium Loans In An Hour Once Approval Has Been Confirmed
Loan amounts:$2,001 - $4,600
Terms:13 - 24 months
Establishment fee:$400
Monthly Fee:$0
Comparison Rate:65.86%**

Medium Loan Example

Loan amount:$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

Large Loans


Get Fast Money Today - Small to Big Cash Loans
Loan amount:$5,000
Terms:13 - 24 months
Establishment fee:Variable
Monthly Fee:$0
Comparison Rate:48%**

Large Loan Example

Loan amounts:$5,000
Terms:18 months,
(78 weekly repayments)
Total Interest:$1,897.54
Total payable:$6,897.54
Weekly installments:$88.43

* 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.

Who we've helped

Fast Cash Loans Australia With A Good Reputation
Nifty Peronal Loans Customer Reviews

Borrow money with Nifty

"Love them have been nothing but help!! The loans are great with affordable repayments it has really helped us will use them again! Have also recommended them to family and friends"

- Justin


Types of loans