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Bad Credit Loans Australia – Got Poor Credit? Apply now with Nifty

Looking for a lender that offers bad credit loans?

Looking for a personal loan but your bad credit rating is holding you back? You’re not alone! 1 in 5 Australians have had a default on their credit file, potentially giving them bad credit history and hindering their ability to borrow funds when they need it the most. 

If you’re not familiar, your credit report is a document that lists your credit inquiries and defaults, as well as loan accounts and payment histories with various banks and other financial institutions. Almost everyone will experience some sort of financial difficulties in their lifetime. If you are unfortunate enough to struggle financially for a period and are not able to stick to your agreed repayments for your credit accounts or loans, it can impact your credit score negatively. This, in turn, can hinder your chances of accessing finance such as loans, mortgages etc. 

For this reason, Nifty is proud to be able to offer applicants loans for bad credit. Keep reading to learn how!

Bad credit loans

What are bad credit loans?

Bad credit loans are small to large-sized personal loans for those with bad credit. Bad credit loans are for those who may have had a tough financial past, resulting in not being able to pay off debt or failing to stick to the credit agreement. This is why Nifty is here to help you out with bad credit loans. Cash loans for bad credit range from $300 to $10,000 and are repaid over a term of 6 to 24 months depending on how much you borrow. 

When you’re faced with an unexpected bill, emergency expense or unforeseen cash flow problem, being unapproved for loans due to bad credit are the last thing you need to deal with. 

It can seem impossible for you to deal with some lenders if you have what they perceive to be a ‘bad’ credit file. You’d think they would be able to help applicants by offering some small loans, but they often don’t. That’s when you turn to Nifty Loans!

Nifty could offer you bad credit loans online

Nifty Loans could offer you bad credit loans in a blink of an eye! Our application process is 100% online and takes only a few minutes to complete. Our specialised team work hard to assess your application as soon as we’ve received it. In fact, if you apply during our business hours, we could give you an outcome in as little as 60-minutes!

At Nifty Loans, we do conduct credit checks, however, we look at more than just your credit score. We look at more important things, like your spending habits, current relationship with money and your bank statements. Nifty is determined to give every Aussie a fair go. We are striving to give you the loan you need, looking at more than just your less than perfect credit score. On the other hand, we cannot offer loans without conducting a credit check. However we can guarantee that you’ll be given a fair go when you apply with us. Our bad credit loans online are fast and easy; you can apply for bad credit loans whenever, wherever!

So, whether you’re looking for bad credit loans or bad credit Centrelink loans, give Nifty a go and we promise our team will do their best to give you the loan that’s right for you. 

There’s no cost for applying, and no obligation to accept the loan. It could take just 60-minutes for us to review your application and provide an answer during business hours.

Why apply for bad credit loans with Nifty?

If you have bad credit you may find that your financial options are limited, especially when applying with traditional lenders. Nifty is a smaller lender in comparison to a bank offering instant loans. Therefore, we are in a unique position to help people who have fallen through the cracks. Maybe you had an outstanding utility bill that was forgotten when moving or you fell behind on your credit card for a few months.Trust us, we’ve seen it all and are happy to look past previous mishaps if we can see you are managing your money well. With us, your chances for being approved for bad credit loans could be much higher than applying with a traditional lender. We could even provide you with a bad credit loan up to 5000!
Not to mention, you’re welcome to pay off your loan early at no extra cost!
You are safe with us! Contrary to what you may have read, the short-term lending space is actually highly regulated by ASIC. The National Consumer Credit Protection Act limits the fees that can be charged on a small amount credit contract cash advance loan.
What about no credit check loans?

What if I receive Centrelink benefits?

Depending on your position, there are several benefits that can be claimed through Centrelink. The most common of these include, but are not limited to:
– Carer Payment/Allowance
– Family Tax Benefit
– Newstart
– Disability Support Pension
– Age Pension
Each benefit is designed to help individuals in different situations, often this includes direct payments to cover or subsidise living expenses.
We have recognised that benefits such as Youth Allowance, Newstart and Austudy either do not provide enough income, are too inconsistent or are a combination of both and as such don’t consider them in our assessments. People receiving all other benefits are welcome to apply for our centrelink bad credit loans. If you would like to enquire about your eligibility or if you have other questions, feel free to contact our customer service team. For further information regarding the different benefits, click here to visit the Department of Human Services’ benefit page.

Can you get a loan with a credit score of 550?

A score of 500 is considered below average by most major credit reporting bureaus. This is usually an indicator of past adversity such as a credit default, bankruptcy or court judgement. Client’s with a below-average credit score may find that they are knocked back by traditional lenders based on their score alone. Read more below.

What about no credit check loans?

Nifty adheres to responsible lending practices. This means that we won’t offer you bad credit loans if we see that you can’t afford the repayments. Therefore, we don’t offer no credit check loans or instant loans no credit check, however, we do guarantee a fair assessment.

What causes a bad credit rating?

There are a few things that can contribute to a bad credit rating. If you suspect that you may have a bad credit score, it’s always good to get a copy of your credit file so you know where to start. 

1. Defaults

See if you can find the source of a default listed on your credit file. Once you’ve figured out who applied the defaults, you can work towards paying it off and potentially improving your score. A paid credit default is always better than an unpaid default.

2. Late Payments

With positive credit reporting, making late payments or paying nothing at all can be recorded on a monthly basis. Things like credit cards, utility bills, store accounts and other loans count here.

3. Serious Credit Infringement

Showing that you have no intention of paying your balances is serious, and this can be reflected by a “serious credit infringement” on your credit file. It’s always a good idea, to be honest with your creditors. In some circumstances, you’ll be able to make a payment plan or arrangement with them.

4. Bankruptcy

Filing for bankruptcy or foreclosure is perhaps the most damaging to any credit score. Although this is often the last resort for people in financial turmoil, they do stay on your record for a period of time.

All this being said, you can be sure that you could still get small loans with bad credit. Just make sure you meet the minimum requirements and, even if it’s personal loans for those on Centrelink with bad credit that you’re after, you could get your cash loan quickly.

Light bulb

Here's a Nifty question!

Do you know if you have any adverse information on your credit file?

Small personal loans for bad credit

Small loans with bad credit are unsecured personal loans between $300 to $2,000. Unsecured loans mean you won’t need to provide an asset like a car or motorbike as collateral against the loan. If your budget just needs a little cash injection, these small loans for bad credit may be a great option to help tide you over until next month.

Small loans with bad credit are quick and painless to apply for! Simply submit an application form and our team will aim to give you an answer in as little 60-minutes (if you apply during business hours). How? We’re able to take a more lenient approach and, whilst we do a credit check, we are able to look at your current relationship with money, too.

As a responsible lender, we always do a proper assessment of your situation to make sure that you can comfortably afford to make your loan repayments. Ready to find out if you qualify for a bad credit loan? Scroll up and apply now for small bad credit loans!

Want to apply for fast bad credit loans? 

To make sure you are eligible to apply for a bad credit loan with Nifty, tick off these requirements:

  • Are at least 18 years of age
  • Have an Australian Citizen or Permanent Resident
  • Must have a personal contact number and email address
  • Must have had a consistent income for the last 3 months into a personal bank account

How would Nifty assess my loan for bad credit?

When it comes to processing loans, we use automated computer analysis to make sure we don’t miss a thing. Coupling these ‘smarts’ with a human element is what gives us an edge. 

We understand that a small telco or utility default does not automatically mean you are a poor credit risk. To us, it isn’t a personal loan bad credit at all – it’s a fair go. Of course, that does not mean we will approve any and all loan applications we receive! It just means we are not judging you adversely based purely on your credit history.

The whole point of small amount loans is to act as your financial safety net if a sudden expense catches you short. Want a better idea of how much our personal loans cost? Head to our homepage to use our personal loan calculator.

We have recognised that benefits such as Youth Allowance, Newstart and Austudy either do not provide enough income, are too inconsistent or are a combination of both and as such don’t consider them in our assessments. People receiving all other benefits are welcome to apply for our centrelink bad credit loans. If you would like to enquire about your eligibility or if you have other questions, feel free to contact our customer service team. For further information regarding the different benefits, click here to visit the Department of Human Services’ benefit page.

Can I get a bad credit loan while on Centrelink?

We offer clients on Centrelink a helping hand when they are caught short with an unexpected expense. Nifty accepts most Centrelink benefits if the funds are received regularly and into a personal bank account.

If you need a loan for a small amount, we can offer Bad Credit Personal Loans, as well as bad credit loans on Centrelink. With affordable repayments structured over a tailor-made term, Nifty is here for you. . 

Although, Nifty accept clients who are receiving Centrelink, however, the repayments need to be consistent and reliable. Unfortunately, due to the nature of some benefits, we cannot accept all Centrelink payments.

Short-term lending is emerging into the world of accessible, smart finance. A place where you can apply for bad credit loans or bad credit loans Centrelink from the comfort of your home. Scroll and apply today!

How do you know if you have a bad credit rating?

If you are looking at applying for bad credit personal loans, but you are not sure what your credit score actually is, it may be worth checking this first, as you might be surprised.

If you’ve noticed an increase in calls from debt agencies, received more official notices or overdue bills or credit card defaults notices, then you could have a bad credit rating. But it always pays to actually check this information from a credit-reporting bureau.

Your credit file contains a range of different information and this information is quite complex. To get a copy of your credit report, follow the links below to access your credit score and file from the providers listed:


Here's a Nifty fact!

Did you know that the average Equifax credit score is between 622 - 725?

How does my credit score rank?

Now that you know your credit score and rank, are you wondering where you sit? The table below explains how you rank comparatively to other Australians.



Below average

Bottom 20%


21% – 40%


41% – 60%

Very Good

61% – 80%


81% –  100%

Can you get a loan with a credit score of 550?

Credit score criteria can vary greatly from lender to lender. Traditionally, major financial institutions, such as banks, use an applicant’s credit score as a leading indicator as to whether they are eligible for credit. In short, the higher your score, the less likely you are to experience an adverse event within the next 12 months. As reported by Finder, a credit score of 550 places within the ‘Average’ bracket of Equifax/Veda scores. Out of a possible 1,200, a score of 550 is within the bottom 21-40% of the credit-active population.

Now, that may sound less than ideal – however, this is where Nifty comes in. Where other lenders may shy away, we often work with clients whose credit is less than ‘Average’. Our team is comfortable with doing this because we are confident in our assessment process.

Now, if you do not have a vehicle to use as security or if you do not need a larger loan, Nifty is also able to assess applicants with a credit score of 500 for our short-term personal loans. These are smaller and simpler loans between the amounts of $300 and $2,000. For a quick rundown of costs and fees for our loan products, we’d recommend having a quick look at our costs page.

How long does bad credit last?

Ever wondered how long information can stay on your record? In Australia, minor infringements stay on your record for around 5 years! Bankruptcies can stay on your record for around 10 years, with the accounts that were a part of the bankruptcy remaining on your record for about 7 years.

How can I improve my credit score?

While you’ll likely be able to get small loans with bad credit, it’s a good idea to work on improving your credit score. 

  1. The first step is to know your credit score. There are several companies that can help you find out exactly what your score is and where you’ve defaulted.
  2. Once you know where you’ve defaulted, see if you can find a way to catch up on your payments. You could come up with a payment plan with the creditor, or offer to pay it off slowly in a few payments. While defaults will stay on your credit history for a long time, it can still be better to have the word ‘paid’ next to them.
  3. You could improve your credit score by paying your bills on time. If you’re serious about fixing your credit rating, you may need to make a few sacrifices for a while. Take a hard look at your current expenses and see what you can cut out. It’ll be hard, but so worth it in the long run.
  4. It’s important to have a long credit history so pay it up, and use it sparingly. 

If you can provide evidence of having the defaults listed on your account as a mistake you may be able to have defaults removed from our record. It can also be an idea to work with a debt consolidation or credit repair firm to rectify your credit score. 

In addition, you can approve your credit score over time. Consistency is key for approving your credit score. Having a consistent income, consistent living expenses and consistent loan/credit repayments will almost always work in your favour. 

In addition, working to improve your credit score could definitely enhance your chances of being approved for finance.

What’s the story with personal loans for bad credit?

You may be googling bad credit loans, payday loans no credit check, cash loans no credit check, or fast cash loans no credit check and get no closer to finding the loan you need. With Nifty you can apply for large personal loans, like bad credit loan up to 5000 or smaller loans, like same day small loans no credit check. 

At Nifty Loans, we do offer same day small loans, however, we do conduct a credit check. Nevertheless, you’re welcome to apply for same day small loans no credit check, and we’ll do our best to give you the loan product that suits you best. 

What about no credit check loans for bad credit?

At Nifty Loans, unfortunately, we don’t offer no credit check loans. You’ve heard all about why we offer personal loans for poor credit, so if you’re not sure about your credit score you can still apply with Nifty Loans.

We look at more than just your credit score; however, as part of our responsible lending practices, we believe a credit check plays a role in assessing your application. So, even though we cannot provide no credit check loans, you’re welcome to apply and our team will do their best to help. Apply for bad credit loans up to 5000 now!

What about instant loans no credit check?

On your hunt for instant cash loans you will come across a myriad of options of loans no credit check. You may come across same day small loans no credit check, personal loans no credit check Australia, no credit check, and no credit check loans Australia. Some even promise instant decisions. 

However, Nifty’s lending practises are based on responsible lending. We offer bad credit loans, but we don’t offer no credit check loans because we always check your credit score. Further, we can guarantee we don’t assess your application just by your credit score. We’ll look deeper into your finances to see if you’re eligible for bad credit loans with us. Apply for bad credit loans online now!

Why don’t we offer no credit check loans?

As part of our lending policy, we don’t provide no credit check loans. We conduct a credit check on every application. That doesn’t mean we don’t accept bad credit. We simply conduct credit checks because it’s a part of our responsible lending practices. We believe credit checks do play a role in assessing an application, but for us, it’s not the most important.

Responsible lending 

Moreover, as part of our responsible lending practices, we don’t approve an application if we believe the applicant cannot afford their repayments. We care about our clients and don’t want to see a loan sink them into financial hardship. As a result, we don’t provide no credit check loans, however, if you have bad credit, we can offer assistance for those with bad credit ratings. Don’t let that deter you from applying.

Keep in touch! 

Have questions about applying or an application? Our loan specialists are here to help when you need it. Feel free to give them a call on 1300 471 328 or pop through an email to and they’ll help with any queries you have. 

Would you like to keep up with all Nifty is doing? Follow us on Facebook, Instagram or Twitter or visit our blog pages to get the latest tips and tricks in personal finance.

Tempted to apply for bad credit loans? Hear us out first!

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Andy Andy


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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