Micro Loans | Fast Personal Loans from $300 to $10,000

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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

Estimated repayments:

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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.

Micro Loans

Nifty Loans offers micro loans from $300 to $10,000 to customers in need of small loans.

Micro loans can be used to cover small expenses up to $10,000. Nifty Loans is one of the fastest-growing online lenders specialising in delivering fast cash loans.

Micro loans for micro expenses

Nifty Loans offers short term micro loans to eligible Australians in need of credit. You can use a micro loan to cover any micro expenses you are unable to reasonably manage without financial assistance; whether you need dental surgery or you have received an unexpected bill, a micro loan can be used to cover your costs.

Nifty Loans is a 100% online lender. We are micro loan providers that specialise in delivering fast online loans efficiently and effectively. If you need a loan, you may be able to utilise the financial services offered by Nifty Loans.

What are micro loans Australia?

Micro loans are small personal loans from $300 to $10,000 to be used to cover personal expenses. We offer three types of personal loans: small loans, medium loans and large loans.

Loan typeLoan amountSecurityRepayments
Small loan$300 to $2,000Unsecured6 to 9 months
Medium loan$2,100 to $4,600Secured9 to 24 months
Large loan$5,000 to $10,000Secured9 to 24 months

Our small loans are unsecured personal loans. Medium and large personal loans offered by Nifty Loans are secured. This means that an asset must be attached to the loan as security; this could be a car, motorbike or even caravan. If you would like more information about the fees and charges on our loans, please refer to our costs page.

What can I use micro loans for?

Micro loans can be used to cover any personal expenses you cannot manage without financial support. We receive applications for micro loans from thousands of Australians every day and have aided thousands of people with short term micro loans. These are some of the reasons we have approved loan applications:

  • White goods
  • Car registration
  • Urgent car repairs
  • Dental costs
  • Medical expenses
  • Unexpected bills

How to apply for micro loans

Applying for a micro loan is quick and easy with our online application form. Within just a few minutes you can submit your application; we will do our best to get back to you within 60-minutes*. We support instant transfers on approval, so you could have your cash ready to use within 60-seconds of approval**. Follow these simple steps to apply:

Step 1: Apply online

Step 2: We will process your application ASAP

Step 3: Our team will contact you to let you know the outcome of your application

Step 4: If approved, review and sign your contract

Step 5: Receive your cash

Supporting documents

We require electronic copies of the following supporting documents to process your loan application. To ensure we can process your loan as fast as possible, please ensure you provide the following documents when you submit your application:

  • 100 points of identification
  • Your basic personal details (full name, D.O.B., address etc.)
  • Your online banking details
  • Your myGov login details (if you currently receive Centrelink)
  • The reason for your loan

Micro loans for bad credit

Nifty Loans is an online lender; this allows us to have more leniency in our credit lending requirements than traditional lenders like banks and credit unions. We provide bad credit personal loans to eligible borrowers that are in need of credit but have a poor credit history. We use current bank statements to conduct a thorough financial assessment to ensure that you can manage a loan. We are a financially inclusive lender and can provide loans to applicants that may not be able to secure a loan from a traditional lender. If we find that a borrower can manage their loan repayments, even if they have bad credit, we may be able to provide them with a same day loan.

We adhere to the responsible lending guidelines set by ASIC. We still conduct credit checks on every loan applicant; however, we are more lenient in our credit requirements, so we may be able to provide you with a personal loan even with bad credit.

FAQs about micro loans

How much can I borrow with a micro loan?

You can apply to borrow any amount from $300 to $10,000 with Nifty’s micro loans. We will conduct a financial assessment to ensure you can manage your loan repayments. Your repayments will vary depending on how much you borrow.

Do you offer interest free micro loans?

We do not offer interest free loans; however, we offer competitive interest rates on our personal loans. We also do not offer interest loans; all of our loans accompany fees and charges that are clearly outlined to you.

Do you offer micro loans for Centrelink customers?

We consider most forms of Centrelink income as regular income. If you have been receiving your government benefits and meet the rest of our eligibility criteria, we may be able to provide you with a loan for Centrelink customers.

*If you apply within our business hours

**If you have an NPP-enabled bank account

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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

$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.