*During normal business hours.
Being a single parent can be difficult. More importantly, children can be expensive. Whether it’s school books, new shoes or an emergency trip to the doctor, there is always something that is putting a strain on your budget. At Nifty Loans, we understand that with only one source of income, it is easy for bills to pile up. We provide quick online loans from $300 to $10,000. Whether you have been searching for ‘loans for single mothers’ or ‘loans for single parents’, we will have an option to suit your needs.
Personal loans for single parents are a type of personal loan that can be used to cover the expenses associated with supporting a child. In addition to this, fast cash loans for single parents can be used to cover other unexpected bills that may become difficult to manage because of your single income. Here are a few examples of what you could use your single parent loan to cover:
Along with being a single parent, we have a few other eligibility criteria all of our applicants must meet. Please ensure you can say ‘yes’ to the following before you apply:
Are you worried about your credit score? We offer bad credit loans for single parents. If you have had trouble qualifying for loans from traditional lenders because of a poor credit history, a more alternative lender like Nifty may be your solution. We will look at things like your bank statements to get a better understanding of your current relationship with money, not just your past.
While we must still conduct a credit check as it’s required by law, we will not let a bad credit score stop you from accessing single parent finance. If your bank statements show you have the ability to make your repayments, we may be able to provide you with a personal loan.
We consider most Centrelink income as regular income. If you are receiving a Parenting Payment, or another regular form of Centrelink income, we may be able to offer you a loan for people on Centrelink. We must be able to see that you have been receiving your Centrelink payments for the last 90 days into your personal bank account. This is to ensure that we have a realistic idea of your finances and that you will have the consistent income required to repay your loan.
Applying for a same day cash loan is easy with our 100% online application process. It could take you less than 10 minutes to apply for loans for single parents by following these simple steps:
Use our loan slider to select the amount you wish to borrow. Once you have done this, press ‘Apply Now’ and fill out the rest of your application, accompanied by any supporting documents needed to assess your application.
As soon as we receive your application, our team will begin processing. This could take just 60 minutes (if you apply within our business hours).
If you have been approved, we will send you a copy of your electronic contract to sign. We encourage you to read this carefully, as all of our terms and conditions will be clearly stated in this agreement. Once you’re happy, e-sign and send your contract back to us.
Once we have received your signed contract, we will transfer your funds straight to your bank account. Depending on which bank you are with, you could have your money ready to use within just 60 seconds!
We offer three types of personal loans: small unsecured personal loans, medium secured loans and large secured loans. Small loans allow you to borrow $300 to $2,000; medium loans range from $2,001 and $4,600; and large loans are for amounts from $5,000 to $10,000. The repayment terms and accompanying repayment fees will vary depending on how much you borrow.
This will completely depend on your current financial situation and the amount you are looking to borrow. For a more detailed breakdown, refer to our costs page or use our loan slider at the top of this page.
We will set up a Direct Debit to be taken from your bank account in line with your pay cycle. This way you will not need to worry about making sure there is enough money in your account. Once your loan has been repaid in full, the payments will stop.
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
$500 - $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.