*During normal business hours.
*Only available for NPP enabled bank accounts
- It's possible with Nifty.
Bank loans are personal loans provided by a bank to a borrower. Generally, you’ll need good credit to qualify with the bank, as their eligibility criteria can be quite stringent. Nifty, on the other hand, may be able to provide personal loans of up to $5,000 without the hassle. You could even get a quick loan today!
Have you been googling ‘easy bank loan’, ‘online bank loan’, or ‘fast loan bank’? If so, chances are you’re wondering what the difference is between a Nifty personal loan and a personal bank loan.
Nifty is a small lender, who want to do things a little differently. What does this mean? Well, with Nifty, you can skip the long queues, complicated application forms or pages upon pages of paperwork. Put simply, we want to take the hassle out of finding fast, reliable finance.
The best part? Even if you have bad credit, we may still be able to help you get a little extra cash.
A bank loan is simply an amount of money you are able to borrow from a bank. These loans can be secured (have an asset attached to the value of the loan) or unsecured. Bank loans will usually have a maturity date, by which the borrower must have repaid the loan.
Looking for an easy bank loan can often be harder than you think. See, a lot of banks have difficult eligibility criteria, and are unlikely to lend to someone with bad credit. Additionally, the whole process could take days, if not weeks, until you see your money.
Do you, like most people, live in the real world and need fast cash despite your bad credit? If so, consider Nifty. Nifty is able to look past your poor credit history and instead, focus on your current relationship with money. Nifty is not a bank, but we can provide you with a personal loan of $300 to $5,000.
The bank loan interest you’ll be charged on your personal loan may vary from bank to bank. Additionally, the bank loan interest rates you may be charged will depend on the loan you get. For example, an unsecured smaller loan may have a different interest rate to a medium secured loan.
Banks, however, can take days, if not weeks to process your personal loan application. This may not be ideal, especially if you have an urgent, unexpected expense to cover. On the other hand, Nifty can offer competitive interest rates on our personal loans as well as being able to approve your loan FAST! So, for your next personal loan, forget the banks, and consider Nifty.
Private banking refers to customized banking, investment and other financial services, offered to individuals with high levels of income. A private bank loan is simply a loan provided by one of these financial institutions.
Nifty is not a private bank. In fact, Nifty isn’t a bank at all. Nifty can, however, still provide you with a personal loan. Our personal loans range from $300 to $5,000 and have repayment periods that range from 6 to 24-months. So, while we can’t provide you with a private bank loan, we may still be able to provide you with a personal loan.
An unsecured bank loan is simply a loan from a bank, that does not have any asset attached as collateral against the loan. In other words, an unsecured loan is protected only by the borrower’s creditworthiness. Therefore, unsecured loans are often of a smaller amount compared to a secured loan.
While we are not a bank and do not offer bank loans, Nifty could still provide you with an unsecured personal loan. Nifty’s unsecured personal loans range from $300 to $2,000, and will not need an asset to be attached as collateral.
Unsecured loans may be ideal for covering a temporary cash shortfall, especially if you’re not willing to attach an asset as security. Nifty accepts a car, motorbike, caravan or boat as security.
Have you had an unexpected expense come pop up recently? Maybe your car has broken down again, and payday is on the wrong side of next week? Or, maybe your friend has announced an impromptu getaway? Whatever it is, if you need cash quickly, you need to figure out your options.
Banks, for example, can quite often have a long application process and slow transfer times. Additionally, if you have poor credit, banks may just flat out refuse your application. All in all, if you need cash quick, banks may not be your best bet.
You could, alternatively, look to different credit providers. We, for example, have designed our entire application process to be as streamlined as possible. Once you’ve completed our application form, we’ll try to get back to you with an outcome within 60-minutes. This is, however, only if you apply during our normal business hours.
If you’ve been approved, we’ll let you know, and transfer over a loan agreement. Have a read through, and, if you are happy with everything, sign and send it back. Additionally, you may be able to see the loan appear in your account within 24-hours of approving the loan contract. Keep in mind, however, that access to funds will depend on inter-bank transfer times.
If you have been searching for bank loans, you will have noticed how many lenders offer online bank loans. Bank loans provided online can often feel easier than physically applying in a branch. Indeed, for many people, they would much rather apply for a loan from the comfort of their home.
Applying for bank loans online, however, can quickly become confusing. Often, the banks may ask you to provide certain pieces of documentation digitally. This can quickly lead to more stress in your life, that frankly, you don’t need.
Nifty, on the other hand, isn’t like the banks. In fact, we aren’t a bank at all. So, we’ve managed to keep our online application as simple as possible. So, when you apply for a Nifty loan, you may be asked to provide:
And that’s it! If we need any extra information, we’ll let you know. So, if you’re looking for an alternative to bank loans, why not apply for a Nifty personal loan?
If you like the look of Nifty’s alternative to bank loans, then you should consider applying. We do, however, have minimum eligibility criteria you must meet in order to apply. So, before getting started with Nifty, just make sure that you:
If you meet all of that, you’re eligible to apply with Nifty. Nifty’s personal loans are a quick, reliable alternative to traditional bank loans.
If you’re looking for an alternative to traditional bank loans, you can apply for Nifty’s personal loans. Applying for a Nifty loan couldn’t be simpler:
Scroll up to our loan calculator. Next, enter in the amount you’re thinking of borrowing, as well as your ideal repayment terms. Once you’re happy with that, click ‘apply now’ now.
From here, our assessment team will get to work reviewing your information. Additionally, if you apply during normal business hours, you may get an outcome within 60-minutes. Alternatively, if you apply outside of these hours, we’ll get to it when we’re back in the office.
If you approve your loan contract during our normal business hours, we’ll do our best to transfer your funds on the same day. Generally, you should receive your loan within 24-hours of approving the loan contract. Access to funds, however, is dependant on inter-bank transfer times.
At Nifty, we’ve helped Aussies from all over this country, get the finance they’re looking for. We help a lot of people who are over dealing with the same, stale traditional lenders. So, if you’ve been searching any of the following terms, Nifty may have a loan product to suit your need:
Nifty helps people all over Australia get the finance they’re looking for. Below are some examples of the loans we’ve managed to provide to everyday Aussies, just like you.
|Personal bank loan||AUD ($)700||✔|
|Unsecured bank loan||AUD ($)2,200||✔|
|Fast loan bank||AUD ($)4,000||✔|
Disclaimer: The above examples are for demonstrative purposes only. They do not, in any way, reflect the terms of your possible loan, or the amount you may be approved for.
There may be additional fees and charges payable on your Nifty personal loan. These will, however, be outlined in your loan contract. If you have any questions regarding the terms and conditions of your loan, please do not hesitate to get in contact. A member of our customer support team will happily walk you through the terms and conditions of the loan.
If you have any questions about anything you have just read, head on over to our FAQ section. If you can’t find what you’re looking for there, you can send us an email via the form on our contact us page. Alternatively, you can give us a call on 1300 471 328.
Keep up with all the latest finance and lifestyle tips on the Nifty blog.
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.Read More
$5,000 - $10,000
$2,001 - $4,600
$300 - $2,000
* 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.