Personal Loans

A personal loan is a sum of money that you borrow from a lender to use for a personal expense. Lenders range from banks and credit unions to online lenders like Nifty! You then repay the borrowed amount with interest in fixed instalments over a set period of time.

Nifty offers one of the fastest loan services in the country. We pride ourselves on being able to offer same day loans to Australians nationwide. We utilise the latest and safest banking and identification technology so you know that your information is safe with us.

Most people submit their application in under 10 minutes. If you apply during AEST business hours then you could get an outcome on your loan in as little as 60 minutes.* If approved, Nifty offers instant transfers, so you could have your money immediately after you’ve signed your contract**.

Nifty personal loans range from $2,500 to $10,000. The repayments period will differ slightly depending on how much you apply for.

Yes, you can! Traditional lenders, like banks or credit unions, will typically see bad credit as a huge red flag. Nifty, however, works a little differently. We approve loans for people with bad credit every single day!

Although we do take your credit score into consideration, we tend to put more weight on factors like current income, repayment commitments, and spending habits. If we can see that you’re able to comfortably afford the loan repayments, then you’ll have a higher chance of getting approved.

Secured loans are personal loans that are secured by an equity/asset. The asset could be any type of vehicle, such as a motorbike, car, boat or caravan. This is to protect the lender of any financial loss in the case that you are not able to repay your loan. Borrowers who attach an asset to their loan are usually allowed to borrow a larger amount as they are considered less of a ‘risk.’

An unsecured loan does not require you to attach an asset of value to your loan. These loan options are considered riskier options for the lender so borrowing amounts tend to be smaller. Unsecured loans are especially convenient when you need to borrow a small amount of cash to cover a small expense.

Yes, Nifty does conduct credit checks on eligible applicants. This is a requirement in our responsible lending guidelines. However, if you have bad credit you shouldn’t let this deter you from applying. We aim to give every Aussie the fair go they deserve at accessing finance. If we can see that you’ve been responsible with money and will be able to comfortably afford the loan repayments, then we can look past your bad credit score.

Yes absolutely. Refinancing your personal loan refers to paying off your current loan with funds from a new loan with a better rate or terms. If you’d like to refinance a personal loan with a Nifty loan, then you’ll need to let us know when you’re applying. We’ll do our best to find you a suitable loan option.

Loan repayments are made by direct debit. This method of payment takes out the hassle of trying to remember when to make repayments as it’s automatic. We’ll usually align your regular installments with your pay cycle, to ensure there is enough money in your account to make repayments.