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Lets discuss low-interest loans

Interest-free and low-interest loans are, ideally, what everybody is looking for when they need credit. After all, it just makes sense that you want to save as much as you can. While a low-interest rate is a great feature for lenders to advertise, it is not the only thing borrowers should be concerned about.

What Are Low-Interest Loans?

Low interest loans refer to credit that has a low level of interest. Interest is the actual cost of borrowing money, generally expressed as an annual percentage of the principal loan amount. In short, the lower the interest rate, the less a borrower will repay on top of their loan amount.

So, if you’ve been searching online for terms like ‘low interest rate loans’, ‘loan money low interest’, or ‘cash loans low-interest rate’, you’re likely looking for a personal loan low interest.

What is a personal loan?

Shop around for low-interest loans

There are a lot of lenders out there, and we mean A LOT.

From traditional lenders like banks and credit unions to smaller credit providers like Nifty, the options can seem endless. While this may seem overwhelming, it can actually play to your favour. The huge variety of lenders means a variety of interest rates. By doing your research, and exploring all the options available to you, you may be able to find the low-interest loans you’re looking for.

Check your credit score

Often lenders that provide low-interest loan products will have a more stringent application process than those that charger higher interest. So, check your credit score to know where you stand. You can get check your credit score for free with a service like Equifax.

No-interest loans

Centrelink

If you are receiving certain types of Centrelink benefits, you may be eligible for a Centrelink advance payment. This is simply an advance of your benefits, that is repaid interest-free out of your future Centrelink payments. To see if you’re eligible, visit The Department of Human Services.

No-interest loan schemes

Some credit providers have set up no interest loan schemes for people on a low income. These can be used to pay for essential goods and services, as well as medical costs. However, as these schemes are set up as a charity initiative, you will need to meet the eligibility criteria. If approved, you will pay these loans back without incurring any interest. Visit the No-Interest Loan Scheme website to find out more information.

Bad credit loans low-interest rate

Have you been searching online for terms like, ‘easy loan low-interest’, ‘small loan low-interest’, or ‘quick loans low-interest rate’? If you have bad credit, your options for lenders may become limited.

The good news is that there are ways of borrowing if you have a lower credit score. There are lenders in the market that offer bad credit loans. It must be said, however, that some bad credit lenders may charge a higher interest rate. Again, however, this will all vary from lender to lender.

How do I improve my credit score?

Put simply, your credit score reflects your level of creditworthiness to lenders. In other words, how likely are you, based on your financial past, to meet the terms and conditions of your loan. Bad credit is a result of poor financial decisions in your past, namely repeatedly missing repayments and defaulting on other credit.

How do you improve your credit score? Well, you just need to make sound financial choices. This means paying your bills on time, as well as paying off your other debts on time.

Is Nifty for me?

At Nifty, we have helped thousands of Aussies find the finance they’re looking for. So, below is a list of some common search terms that have lead customers to Nifty, as well as the loan we were able to provide for them.

Low-Interest Loan Amount Approved
Easy Loan Low Interest Rate AUD ($)2,500
Small Loan Low Interest Rate AUD ($)2,800
Quick Loans Low Interest Rate AUD ($)2,500

Disclaimer: The above examples are for illustrative purposes only. They do not, in any way, reflect the terms or interest rate of your possible loan, or the amount you may be approved for. If you would like more information about other loan options, while we do not offer interest-only loans, we can provide you with the information you need. 

Additional fees and charges

There may be additional fees and charges payable on your Nifty loan. These will be outlined in your contract, however, 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 be more than happy to walk you through all aspects of your loan.

Get in contact

If you have questions about anything you have just read, you can visit our FAQ page, to see if the answers lie there. Alternatively, you can send us an email via the form on our contact us page, or give us a call on 1300 471 328.

Personal Loan Details

Loan Amounts $5,000 – $15,000
Loan Terms 9 – 24 months
Starting Interest Rate (APR) 11.42% (Excellent Credit)
Starting Comparison Rate 14.49% (Excellent Credit)
Ceiling Interest Rate (APR) 21.24% (Average Credit)
Ceiling Comparison Rate 45.56% (Average Credit)
Type of rate Fixed Rate
Repayment options Weekly, Fortnightly, Monthly
Monthly Fee $0
Early repayment fee $0
Average turnaround 60 minutes*
Loan Options Unsecured & secured options

Credit criteria and terms and conditions apply. Representative example: based on a loan of $10,000 over 36 months a borrower with an excellent credit history can expect to pay a total of $12,389.76. WARNING: This comparison rate is valid 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. Interest rates vary subject to a full credit assessment. This represents a comparison rate of 14.49% p.a. and includes all interest and fees included in your loan repayments over the life of your loan. For our personal loan product the APR starts from a minimum of 11.42% (14.49% comparison rate) with a maximum of 21.24% (45.56% comparison rate). The minimum loan term is 9 months and the maximum loan term is 24 months. For more details and examples visit our rates and fees page.