Bad Credit Loans Australia With Guaranteed Approval | Nifty

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Fast Personal Loans

  • Smart and quick application form, which can be completed in minutes
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Bad Credit Loans Australia Guaranteed Approval

bad credit loans Australia guaranteed approval

Looking for bad credit loans with guaranteed approval?  

Is your credit record keeping you from buying the things you need? Do you find yourself continuously putting your plans on hold? For many people, a bad credit history can get in the way of their life decisions and experiences. Fortunately, Nifty could be the financial helping hand you’ve been waiting for. We know heaps of Aussies flock to Google to search for “bad credit loans Australia guaranteed approval”. The good news is that you can stop searching for this and start your application with Nifty! 

We offer quick loans for people with all kinds of credit history – the good, the bad and the ugly. While we can’t offer bad credit loans Australia guaranteed approval for all our applicants, we guarantee our team will do their best to approve your application. At Nifty, we have a different approach to bad credit and aim to look at the bigger picture. Keep reading to find out more! 

Bad Credit Loans FAQs

What are bad credit loans?

A bad credit loan is essentially a personal loan for people who have a bad credit score or history. A credit score helps lenders determine whether someone will be able to repay a loan. Lenders look at your credit score and history to determine the risk of approving your application for a personal loan. Generally, those with a low  credit score are considered higher-risk borrowers and may find it difficult to be approved for a personal loan by traditional lenders.

Can I get a loan with bad credit?

If you have a bad credit score or history, we understand it can be challenging to get a personal loan approved by traditional lenders, such as banks or credit unions. What makes Nifty stand out is our open-minded approach to bad credit. We don’t believe that your credit score tells us your entire story or should affect your future. We’ve helped thousands of Aussies get back on their feet and we could do the same for you. 

Can I get a bad credit loan with a 500 credit score?

Yes! When you apply for bad credit loans through Nifty, our only requirement is that you hold a credit score of over 300. While we can’t guarantee we will be able to successfully match you to a loan, we can assure you that we will give a fair and just assessment of your application.

Do we conduct credit checks?

We do conduct credit checks on applications. However, your credit score isn’t the only thing we are concerned with. Our team also examines your current relationship with money. That’s why we ask for your internet banking details, so we can pull read-only copies of your bank statements. Don’t let the fact that we conduct credit checks deter you from applying. We believe in second chances and that’s why we accept all eligible Aussies, even if they have bad credit.

Can I apply for bad credit loans if I’m on Centrelink?

At Nifty, we believe you shouldn’t be penalised for being on Centrelink. We consider Centrelink as a regular source of income. If your loan repayments will comfortably fit with your Centrelink income, you could stand every chance of being considered for approval. 

Our team will assess your application and do their best to match you with a loan that suits your financial situation. Keep in mind that this doesn’t mean you’re guaranteed to get a loan.

Am I guaranteed approval for a bad credit loan?

Nifty assesses applications fairly based on each individual’s personal situation. However, as responsible lenders, we cannot offer guaranteed approval for bad credit loans. Don’t fret! When you’re looking for bad credit loans guaranteed approval, you’re probably looking for a lender who understands that life doesn’t always go to plan. Rest assured, we will never approve anyone for a loan they cannot afford to repay.

How do I repay my bad credit loan?

Repaying your bad credit loan couldn’t be simpler. Our repayments work by setting up a direct debit, so that your repayments will come out of your account automatically. We will ask you to select a day to deduct repayments. They can be set up to come out of your account on a weekly, fortnightly or monthly basis – it is entirely up to you.

Typically, we’ll align your repayments with your pay cycle. Selecting the right payment structure ensures that you always have enough money in your account. So, as long as you have enough cash in your account to cover the payments, they will just come out automatically. No need to set reminders only to forget to make the payment. Just make sure you don’t spend your entire paycheck the moment you get paid! 

Who is eligible to apply for a bad credit loan?

When applying with us, there are a few eligibility requirements you must meet. Before you apply, make sure that you are:

  • Over 18 years or older;
  • Be an Australian citizen or Permanent Resident;
  • Be receiving a regular income into a personal account for at least 3 months prior to applying;
  • Have an active Australian mobile number and email address;
  • Have internet banking set up.

If you meet this criteria, then you’re eligible to apply for our bad credit loans! 

What information do I need to provide?

Our application is super simple and quick! That means no unnecessary documents and paper forms. You just need to fill out a few important personal and financial details, such as:

  • 100 points of ID (name, D.O.B, etc.)
  • Contact information
  • The reason for your loan
  • Internet banking details
  • Your MyGov account details (if you receive Centrelink benefits)
  • Employment details and employer contact information

Having these details handy will help you breeze through your application. Leave the legwork to us, and complete your quick loans application in just a few minutes!

How do I apply for bad credit loans? 

Although we can’t offer bad credit loans Australia guaranteed approval, we can try to help you with the bad credit part. All loan approvals are subject to a fair assessment of each individual application. However, we like to look at the bigger picture. Check out these steps below to find out how to apply:

Step one: Choose your amount

To start your application, scroll up to the top of this page to use our loan calculator. Using the slider, select how much you wish to borrow. You will need to consider how long you would like to take to pay back your loan. Once you’re happy with your loan terms, click the Apply button. 

Step two: Submit your application

You’ll then be taken to our 100% online application form. Fill out the required fields and submit the relevant documents. Once you’re done hit ‘Submit.’ 

Step two: We’ll assess your application

That’s it from you! We’ll take over from here. Once we’ve received your application, our team of loan specialists will get to work assessing it. In other words, just sit back and relax while we assess your application. 

Step three: Review and sign your contract

If the Nifty team has been able to match you with a bad credit loan, congratulations! We’ll then send you an electronic copy of your contract for you to review and sign. We recommend reading the terms and conditions thoroughly to make yourself aware of any fees and charges for late or missed payments. When you’re happy, e-sign it!

Step four: Get your cash!

Finally, as soon as our team receives your signed contract, we’ll transfer your cash. If your bank is NPP or Osko enabled, you could have the cash in your account in just 60 seconds. Of course, this is all provided your contract is signed before the close of business

Ready to apply?

We’re hoping you now have all the information you need to make an informed decision about whether or not a bad credit loan is the right thing for you. If you still have more questions about “bad credit loans Australia Guaranteed approval”, check out our FAQ page or send us a message, here

Otherwise, go ahead and scroll to the top of this page to get started with your application!

Apply Now

Andy Andy

AUTHORITATIVE SOURCE

Andrew Bell

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.

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Loan Costs

Large Loans

Large Loans

Large Loan Example

$5,000 - $10,000

Loan amount:
$5,000
Terms:
9 - 24 months
Establishment fee:
Variable
Monthly Fee:
$0
APR:
21.24%
Comparison Rate:
48%**
View Example
Loan amounts:
$5,000
Terms:
18 months, (78 weekly repayments)
Establishment fee and Total Interest:
$1,897.54
Total payable:
$6,897.54
Weekly installments:
$88.43
View Loan Details
Medium Loans

Medium Loans

Medium Loan Example

$2,001 - $4,600

Loan amounts:
$2,001 - $4,600
Terms:
9 - 24 months
Establishment fee:
$400
Monthly Fee:
$0
APR:
47.8%
Comparison Rate:
65.86%**
View Example
Loan amounts:
$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
View Loan Details
Small Loans

Small Loans

Small Loan Example

$300 - $2,000

Loan amounts:
$300 - $2,000
Terms:
6 - 9 months
Establishment fee:
20%
Monthly Fee:
4%
APR:
N / A *
Comparison Rate:
138.37%**
View 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
View Loan Details

* 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.