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Fast Personal Loans

  • Smart and quick application form, which can be completed in minutes
  • 70% of applicants receive an outcome instantly
  • For applications that do not receive instant outcome, most receive a final outcome within 60 minutes!*

*During normal business hours.

Cash in your bank within 60 seconds of approval*

*Only available for NPP enabled bank accounts

- It's possible with Nifty.

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Cash in your bank within 60 seconds of approval*

Construction Loan: Finish off your dream home with a little financial boost!

Construction loans with Nifty

Is that hole in the wall looking at you funny? Need to get it patched up but are in need of funds? Look, Nifty is here to make sure you don’t sweat the small stuff! With a construction loan through Nifty, you could put that damn hole in its place quick-smart! Apply online during regular business hours and you could receive an outcome within 60-minutes! Better yet, if you are approved and have an NPP enabled bank account, we can send your funds instantly. It doesn’t get much simpler than that!

So, whether you’re in need of a pool, some home renovations or a just a few fixes, Nifty could be the answer you are looking for with a construction loan. Now, before we go on about ourselves, even though we think we’re pretty good, let’s get into a few examples for what a construction loan could be used for!

PS. Check out details on loans from Centrelink here.

Construction Loan

Rental repairs

Had an accident in a rental property? Don’t let your bond go down the drain, look into a construction loan! Realtors are notorious for withholding bonds for seemingly insignificant issues. If you’re nearing the end of your lease it will be useful to give your home a quick ‘once over’ to determine if anything needs fixing. 

If you find that you’ve managed to scratch up the floor or made a few dings here or there, give your local handyman a call; getting them fixed cheaply could help you when getting your bond back.

Increase the value of your property

If you own a house and are looking to sell, there are a few simple tricks you can do to increase the value of your property without sinking a lot of cash. For your convenience, we have listed a few examples that a construction loan could help increase the value of your property:

  1. Give your home a fresh coat of paint
  2. Breath some life into your backyard
  3. Replace out-dated appliances 
  4. Install some storage
  5. Replace worn carpets

You’ll be surprised at the returns you can get when investing in some minor changes. If you don’t have the cash on hand, apply with Nifty small construction loan and you could receive the injection you need to get started.

Build a pool!

Ever been stuck inside on a hot summer day longing to take a dip in a pool? Well, with a construction loan through Nifty, this could become a reality! Depending on both the size of your property and your budget, you’re going to need to decide which type of pool best suits you.  The two types in question are above-ground and in-ground pools. 

As you could imagine, in-ground pools are much more expensive than above-ground. Though, they do offer a more stylish look. In-ground pools also come in a number of different types, such as custom and pre-made. Custom pools are the most expensive of the two as they will require bespoke planning and landscaping. The cost of this type can also grow to $100,000 or greater. Pre-made pools come in significantly cheaper, with the average cost being around $30,000 to $50,000 but offer a limited range in shapes and sizes.

As the name states, above-ground pools are… Well, above the ground. Though not as stylish in the traditional sense, above ground pools are perfect if you’re on a budget but still want off the benefits that come with a pool. Due to their relative simplicity, you could even put together your own pool, saving some $$$ along the way. The average cost of an above ground pool falls around $3,000 to $7,000. If you’re not looking to break the bank, this could be the option for you!

Change your space

If you’re the handyman (or woman for that matter) type, you may have felt the urge to crack out the tools to make changes to your living space. Unless you’re a licenced builder, we would advise against big changes, like structural changes.  Though, if you’re looking to split a room with a plaster wall, this is something even the aspiring DIY’er can undertake.

The best thing is, smaller renovations can actually come pretty cheap, even if you’re looking to hire a professional. Framing and building a basic plater-wall will usually cost around $1,000 to $2,000, easily accomplishable with a construction loan through Nifty.

Construction loans: How do they work?

If you’ve gotten this far, you may be wondering how a construction loan may work. Well, at least with Nifty, construction loans are essentially small to medium personal loans that are used for… Well, construction. Although they are not strictly limited to this purpose, as our loans can be used for a wide variety of expenses. If you’re interested, read on for some further insight into the Nifty process.

Why choose Nifty?

At Nifty, we’re proud of the fact that we’re customer-focused. Being an online lender within the internet age means that you need to go above and beyond in order to stand out. This is why Nifty has made it a focus to provide a stellar experience for our customers. From applying to managing an account, you will find that the Nifty process is fast, effective and convenient.

Now, onto what we do offer. We provide personal loans from $300 – $5,000. The repayment terms for these products vary depending on the loan amount, though, they generally fall between 6 and 24 months. Depending on your situation, we can offer either secured or unsecured loans. For greater comparison, the table below outlines the specifics for each loan product. 

Loan TypeAmountTerm (Months)
Small Personal Loan$300 – $2,0006 – 9
Medium Personal Loan$2,100 – $4,6009 – 24 
Large Personal Loan$5,0009 – 24 

Want to know more?

So, if you’re after a construction loan… Apply today!  There are a plethora of places waiting for you to explore!. If you’re interested in our other loan products, or just have a question, feel free to hit us up from our Contact Us page.

Want more of Nifty? You can also follow us on Pinterest, Instagram, Twitter and also keep up to date with the latest personal finance and lifestyle trends via our blog.

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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.