Loans for Single Parents | Bad Credit & Centrelink Okay

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up to $5,000

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for cars over $10,000

Personal Loan

Car Loan

I want to borrow $1,000

For loans over $5,000 we recommend utilising your car as security.

Paid back over 9Months

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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.

Loans for Single Parents

We provide loans to single parents across the nation

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.

What are loans for single parents?

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: 

  • Car repairs
  • Car registration
  • Emergency medical expenses
  • Dental fees
  • Childcare costs
  • Education costs
  • Purchasing new white goods
  • School excursions
  • Home repairs
  • New appliances
  • A holiday for you and the kids
  • Travel costs
  • School uniforms

Who qualifies for single parent loans?

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:

  • Be at least 18 years old
  • Be an Australian citizen or permanent resident
  • Have been receiving a regular income into a personal bank account for the last 90 days
  • Have an active email address and mobile number

Can I get bad credit loans for single parents?

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. 

How to apply

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:

Step one: Apply online

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.

Step two: We 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).

Step three: Review and sign your contract

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.

Step four: Get your money

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!

Commonly asked questions about loans for single parents 

How much can I borrow?

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.

What are the fees and charges?

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.

How do the repayments work?

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.

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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 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 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 Loan Example

$500 - $2,000

Loan amounts:
$500 - $2,000
Terms:
12 months
Establishment fee:
20%
Monthly Fee:
4%
APR:
N / A *
Comparison Rate:
138.37%**
View Example
Loan amount:
$1,000
Terms:
12 Months, (52 weekly repayments
Establishment fee:
$200
Total other fees:
$240
Total payable:
$1,440
Weekly installments:
$35
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.