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Bad Credit Loans from Nifty

Has your credit score held you back when applying for loans? When you’re faced with an unexpected bill, emergency expense or unforeseen cash flow problem, being denied for a loan because of bad credit is the last thing you want. 

At Nifty, we look at your credit history as exactly that – history! We know people make mistakes, but we don’t believe people should be punished for tiny financial mistakes they made years ago. That’s why we are proud to be able to offer bad credit loans to Aussies in Need. Keep reading to learn how!

What are bad credit loans?

Bad credit loans are small to large personal loans designed for people with bad credit. Bad credit loans in Australia 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 a credit agreement. 

Often, traditional lenders like banks or credit unions will see bad credit as a red flag, making it hard for a lot of people to borrow money. Nifty, on the other hand, sees bad credit a little differently. We prefer to put more focus on your current finances such as your income to see how you’re going to repay the loan. 

We can provide cash loans for bad credit from $300 to $10,000. 

What is my credit report? 

If you’re not familiar, your credit report contains information about your credit accounts. This will include credit card and loan repayment history, details of credit enquiries, overdue accounts etc. 

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. 

Nifty could offer you bad credit loans online

Nifty 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 experienced team works 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 prefer to put more focus on other factors like your income, spending habits and overall relationship with money. We’re determined to give every Aussie a fair go. 

Does Nifty guarantee approval? 

Nifty does not offer guaranteed approval loans. However, you shouldn’t let this deter you from applying. We understand that it can be hard to get approved for finance when you have a bad credit score. That’s why it’s our promise to give all applicants the fair go they deserve. 

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 a 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 the bigger banks. Therefore, we are in a unique position to help people who have fallen through the cracks. 

Things happen. Whether you’ve fallen behind your credit card repayments or accidentally missed a utility bill, it’s hard to maintain a perfect credit score. But if you’ve worked hard to get on top of your finances but your credit score has nothing to show for it, then Nifty could help. 

We’re 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 $10,000!

Not to mention, you’re welcome to pay off your loan early at no extra cost!

Are bad credit loans safe? 

Contrary to what you may have read, the short-term lending space is actually highly regulated by the Australian Securities and Investments Commission (ASIC). The National Consumer Credit Protection Act limits the fees and rates that can be charged on small personal loans.

Nifty is out here to change your mind on online lenders or as they’re often referred to – ‘payday lenders.’ We do not act predatory. If you’re struggling with your loan repayments, we simply ask that you get in touch with us ASAP so that we can set up a payment arrangement more suitable to your current finances. 

Additionally, you can trust that Nifty is transparent and honest. We’ll clearly state the rates, fees and terms in your agreement before you sign and commit to a loan. 

What about no credit check loans?

Nifty does not provide no credit check loans. This is because we are required by law to conduct a full assessment on applicants, which includes conducting credit checks. 

If you have a poor or average credit score, don’t stress! Although we do conduct credit checks, this doesn’t rule out bad credit loans. When assessing your application, we generally put more weight on your current finances rather than your credit score. 

So if you’ve been receiving a regular income prior to applying, and you’ve been responsible with money recently, then you’ll have a higher chance at getting approved. 

Benefits such as Youth Allowance, Newstart and Austudy either do not provide enough income or are too inconsistent. Therefore, people who are receiving these benefits as their only form of income are not eligible to apply.

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 550 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. 

Nifty, however, has a fresh approach to bad credit. We have provided thousands of Aussies with quick online personal loans despite having a credit score below 550.

To apply for quick loans bad credit, scroll up to the top of this page to begin your application. 

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

A default is a failure to repay an overdue debt. 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. Repayments on things like credit cards, utility bills, store accounts and other loans are recorded here. 

3. Serious Credit Infringement

Showing that you have no intention of paying your outstanding 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 very damaging to your 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.

Small personal loans for bad credit

Small loans with bad credit are unsecured personal loans between $300 to $2,000. Unsecured loans are loans that don’t require collateral such as a car or motorbike to secure your 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 to bad credit. Instead of basing our entire assessment on the basis of your credit score, we prefer to put more focus on your current finances. 

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!

Am I eligible to apply? 

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
  • Have internet banking 

What documents do I need to apply? 

You won’t need to fill out any paper forms or scan any documents when you apply with us. We’ll just need you to submit the following details online: 

  • Personal info (name, D.O.B., etc.);
  • 100 points of identification;
  • Internet banking details;
  • The reason you are applying for a loan;
  • MyGov details (if you are receiving Centrelink benefits);
  • Employment details and contact information.

How do I apply for bad credit loans? 

Applying for a loan with Nifty is easy! Just follow these 3 simple steps: 

Step 1: Apply online

To begin your application, scroll up to the top of this page. Using the slider, select a loan amount and click ‘Apply now.’ You’ll then be taken to our online loan application. Here you’ll need to provide a few personal details. When you’re done, hit ‘Submit.’

Step 2: Get assessed

When we’ve received your loan application, our assessment team will get to work. They’ll view your credit score and your bank statements to see if you can manage the loan repayments. If you applied during our regular business hours, then you could get an outcome in 60 minutes. If not, then you should receive your outcome first thing on the next business day. 

Step 3: Get your cash

If you’ve been approved for a loan, we’ll send you a digital copy of your loan agreement. We ask that you review it thoroughly to make yourself aware of the terms, rates and fees. When you’re happy, we ask that you e-sign the contract and submit it back to us. Once we’ve received your signed contract, we’ll transfer you your cash. Most people have the cash in their account within 60 seconds of signing their contract.*

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 and enables us to get you an outcome in just 60 minutes.* 

We understand that a small telco or utility default does not necessarily mean you are a risk to lend to. 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. 

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

Whether or not you’re looking to apply for a loan, it’s always a good idea to regularly check your credit score. 

You can access a free annual copy of your credit report from each the following credit bureau’s:

How does my credit score rank?

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

Below averageBottom 20%
Average 21% – 40%
Good 41% – 60%
Very Good61% – 80%
Excellent 81% –  100%

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.

A bad credit score can linger on for years even if you’ve made the appropriate steps to improve it. 

How can I improve my credit score?

Although some lenders such as Nifty can look past your credit score when assessing your loan application, it’s always a good idea to try to improve your credit score. Improving your credit score won’t happen overnight, but if you implement the following steps, your score will begin to grow over time. 

  1. Pay your bills on time: This is an obvious one but it’s extremely important. Your repayment history will appear on your credit report. Therefore, to maintain a solid credit score, you need to ensure that you pay your bills either on or before the due date. This will also show lenders that you are a reliable borrower.
  2. Only apply for credit when you need to: When you apply for a loan, a credit enquiry is created on your credit report. Several enquiries will damage your score. When you need a loan, you should only apply with lenders that have a higher chance of approving you so it’s important you do your research. 
  3. Update your details with your credit providers: If you ever move house or change your contact details, you need to let your credit providers know. If you don’t, they will send important information such as default notices to the wrong address. 
  4. Don’t close old credit accounts: Having a long history with a credit provider shows that you are a reliable borrower who can manage repayments. Even if you’re not using these accounts, it is advised that you keep them open. 
  5. Amend any incorrect information: It’s important to check your credit report regularly to ensure there is no incorrect information. If you do find incorrect details on your credit file, you need to amend these ASAP as this could be damaging your score. 

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

You may be Googling bad credit loans Australia, 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, we don’t offer no credit check loan. 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 us.

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 $10,000 now!

Types of bad credit loans

There are a number of different bad credit loan options. If you’re looking for any of the following loans, then Nifty might be able to help you out:

Quick loans bad creditInstant loans for bad credit 
Small cash loans bad credit Fast bad credit loans
No credit check loans AustraliaBad credit cash loans
Bad credit personal loans Unsecured loans no credit check

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 any 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.

What can I use my loan for? 

A personal loan is designed to be used for personal expenses. There is an endless list of what you could spend the money on. When you apply, you’ll just need to let us know what the purpose of your loan is. 

Below we’ve listed a few examples of some the things people commonly spend their loan on:

Keep in touch! 

Have questions about applying? 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. 

Tempted to apply for bad credit loans? Hear us out first! Know the difference between a novated lease and a car loan? Find out which one is better for you!

Apply Now

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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