Looking for Quick Loans? Nifty is the lender for you!

Andrew Bell

Last updated: July 29, 2020

• 13 minute read

13 minute read

Nifty’s quick loans

Nifty is an online provider of small, medium and large quick loans. We operate differently to traditional lenders. Instead of taking days, or weeks to process your loan application, you could get an outcome in just 60-minutes*! Nifty huh?

Nifty aims to provide loans to Australians in need of quick, easily accessible finance. We are determined to empower every Australian with the credit they need and the ability to access the variety of our quick personal loans. Nifty processes loan applications swiftly and to the complete satisfaction of our customers. We aim to provide second-to-none service. In addition, we are open and frank about our fees and charges, and all the costs of your loan are clearly outlined in your loan contract. We assess every applicant the same and aim to give every Aussie a fair go. In fact, we could also offer bad credit loans and unsecured personal loans. Our loans are short-term, easy to access, quick and affordable.

We offer a variety of different types of personal loans, from dental loans to wedding loans. Besides, our loans are not only for emergencies or unexpected expenses – we also offer travel loans! So, if you’re thinking of a European adventure or a Fiji family holiday – think Nifty! 

What are Nifty’s quick loans?

Quick loans basically are just really fast personal loans. You can apply to borrow up to $5,000 and get an outcome in just 60-minutes*! The repayment period on these loans depends on the amount you decide to borrow. You can apply for quick loans in just minutes. Simply fill out our quick application, click submit and you’re good to go! It’s that easy. Furthermore, we’re 100% online, so there’s no need to make a trip down to your local branch and wait in endless lines. 

Just apply in minutes, then our team will work quick smart to deliver a result within the hour (if you apply during business hours). What’s even better? Once you accept your contract, you could even receive your funds within 60-seconds when you have an NPP enabled bank account! Now that’s quick!

What loans do we offer? 

Nifty offers small personal loans for the value of $300 – $2,000. A small loan can be repaid over the term of 6 to 9 months. Small personal loans are unsecured. Our medium and large personal loans are often secured, which means you may need to provide an asset as security for your loan. Medium loans range from $2,001 – $4,600 and with our large secured loans, you can borrow $5,000 repaid over a period from 9 to 24 months. Moreover, the loan term is subject to the amount you borrow. 

We understand that speed is important to you. When emergencies strike, you’ll most likely need money quickly! We get that and we deliver. If you apply during business hours, you could even get an application outcome in 60-minutes. Whether it’s a bond loan or you need the money for any other unexpected event, Nifty’s online loans are quick and easy to apply for. The table below summarises the types of loans Nifty offers: 

What can I use quick loans for?

A lot of people don’t know that quick personal loans don’t have to be used for emergencies. There’s a huge range of purposes for your quick loan. When you apply, you just need to let us know what you’re planning to use the money on. It’s our quick application process that makes our quick loans stand out from the rest! You can even apply in just minutes!

Our most popular loans you can apply for are car repair loans, rental bond loans and even medical loans. But we don’t stop there! To give you an idea of what other types of loans you can apply for, here is a small list of some of our other loans. 

• Car loans
• Holiday loans
• Debt consolidation loans
• Home improvement loans
• Dental Loans

However, if you’re looking for a loan to cover any other expenses not listed here, just state that in your application, and we could give you the loan you need!

You can apply through our 100% online application and receive a fast and affordable loan solution. Additionally, all our loans are easy to apply for and very quick. Keep reading to learn more of the loans we can provide you with. 

Secured vs unsecured personal loans

Nifty personal loans offer quick secured loans and quick unsecured loans. With a secured loan you need to provide an asset as security. This could be your car, boat or other assets with equity. The asset offers security to the lender, and in return, you could borrow more money due to the increased security for the lender. Furthermore, with a secured loan you could also get a lower interest rate on your loan. However, If you’re, for whatever reason, not able to repay your loan, the lender can take possession of the asset to cover the costs of the loan. Don’t stress though! This is only done as an absolute last resort!  

An unsecured loan doesn’t require any asset as security. Without a need for security, our unsecured loans are easy to repay with flexible loan terms. The loan can be repaid over a 6 to 9 month period. 

Regardless of what loan you need, our application process is easy and fast. You can apply for a quick loan from anywhere, anytime! 

Who is eligible for quick loans?

Before you apply for quick loans, make sure you tick off all the requirements.

To apply, you must:

• Be over 18 years old
• Be an Australian citizen or permanent resident
• Have a regular income for at least 3 months in a personal bank account
• Have an active mobile number and email address

That’s it! So, before you apply with Nifty, just make sure you check off all these requirements and you’re on your way!

If you do have questions or inquiries regarding the application process or your loan, shoot us a message on our contact page or call us on 1300 471 328 during business hours. 

Can I get quick loans with bad credit?

We’re determined to assess every applicant equally and we do not just look at your credit history to decide if you are eligible for a loan or not. We take a look at the bigger picture, like your current relationship with money and your bank statements. 

At Nifty, we do conduct credit checks as a part of our responsible lending practices. However, don’t let that deter you from applying for our quick loans with bad credit. We aim to give every Aussie a fair go. Apply for our quick loans with bad credit, and we’ll do our best to help you out!

5 things lenders check when looking at your credit file

If you’ve been knocked back due to your credit history in the past, you may be wondering what a lender actually checks when looking at a credit file. Well, wonder no more. Nifty can help clear the confusion regarding credit files:

• Personal information – When a credit check is conducted, the lender essentially contacts their desired credit bureau and requests any files that match your personal information. This will include your name, date of birth, address and employment. When they first receive the file, they will double-check to make sure the details of your application match the information on the credit file. If there are some inconsistencies, you may be asked to provide further identification.

• File age – Besides the score, one of the most important pieces of information on your credit file is the actual age of the file. This will basically let the lender know how long you have been enquiring for or managing credit. As a rule of thumb, the older your credit file, the better, as it provides the lender with a greater snapshot of your financial history. 

• Credit score – This one is fairly obvious, though, when a lender is checking an applicant’s credit file they will check the credit score. As you would know, the higher your score, the better. 

• Bankruptcies and debt agreements – If you have previously filed bankruptcy or have entered a formal debt agreement, a notice confirming the entry and discharge date (if you have been discharged) will stay on your file for a maximum term of 7 years. This is one thing most lenders will look negatively upon, though, different lenders have different policies regarding bankruptcies and debt agreements.

• Default and court judgements: If you have defaulted on a credit account, be it through a utility provider, rental agency or loan provider; a default notice will be placed on your file if the provider chooses to report the case. These notices will usually last from 5 to 7 years. This is another thing that lenders will check and likely look negatively upon.

Here's a Nifty question!

When was the last time you checked your credit file?

What if I receive Centrelink?

Do you receive Centrelink benefits? Nifty could offer loans to those on Centrelink as well. We can look at your income from Centrelink as a regular income. Moreover, we’ll assess your application for your individual situation. Receiving Centrelink benefits does not mean you’re not eligible for a quick loan with us!

Responsible lending 

As we have already mentioned, the Nifty team is committed to responsible lending. What does that mean? Basically, it means that we will never lend cash to someone who we think can not afford to make the repayments. At Nifty, we are proud to be making it easier than ever for Aussies to access safe and reliable loans online. Our team will always properly assess your individual financial situation before approving a quick cash loan. According to ASIC’s Code of Responsible Lending, all online lenders must:

• Make reasonable inquiries about the consumer’s financial situation;
• Take reasonable steps to verify the consumer’s financial situation;
• Make a preliminary assessment of whether the credit contract is ‘not unsuitable’ for the consumer.

As our commitment to responsible lending, we will never lend to anyone who we think can’t comfortably afford the repayments. We’re here to help you out financially, not make you worse off! 

If you’d like to read more you can visit the ASIC website or get in touch with our helpful team. 

How to apply with Nifty

Applying for Nifty’s quick loans is super easy. All you need to do is follow these three simple steps:

Step 1: You apply online

To apply online, simply scroll up and you’ll find our loan calculator. Simply select how much you wish to borrow and for how long. Then, you’ll see how much your repayments may be, and you can select whether you’d like to repay your loan weekly, fortnightly and monthly. Once you’re happy with your loan terms, click the Apply button. You’ll be taken to our application where you’ll need to add a few more details, then click Submit.

Step 2: We assess your application

After you submit your application, we’ll start working on it ASAP. Whilst we assess your application, keep an eye on your notifications because we’ll let you know if we need any more info. If an application is submitted outside of business hours, we’ll get to it first thing the following business day.

Step 3: Cash straight to your pocket

If your application is approved, we’ll send over an electronic contract to review and sign. If everything is completed within business hours, we’ll transfer the cash straight to your bank! Access to funds is subject to inter-bank transfer times.

Here's a Nifty fact!

88% of our customers have their funds within 60 seconds of signing their contract

What do I need to apply for quick loans?

To apply for our quick loans you only need a few details. 

A reason for the loan

As part of our assessing policy, we require a reason for your loan. Reasons for a loan include Car repairs, Home Improvement, Unexpected bills, Dental expenses, Travel, Emergency Loans.

Contact details

To apply, just enter your contact details including an active mobile number and email address so we can let you know when we have an outcome for your application.

Banking details

As part of our assessment process and commitment to speed, we ask for your internet banking details, so we can access a read-only copy of your bank statements. From this we can quickly and accurately assess your income, expenses and ability to repay the loan. So, there’s no need to submit any physical paperwork!

Your expenses 

To assess your application, our team looks at more than just your credit score. They look at your current relationship with money. As a result, in our application, we’ll ask about your expenses and circumstances just to check on your spending habits and ability to make the repayments.

What makes Nifty different?

Nifty is a bit different, compared to traditional lenders.

We won’t treat you like a number or a liability like a bank or credit union typically would. Whether you’re employed, get your income from Centrelink, or have bad credit, you are welcomed by Nifty. It can be stressful taking on debt. We can help you to overcome that with easy repayment terms and affordable loans.

When life throws up those unexpected expenses, getting quick loans is critical. That’s why we’ll do our best to offer you quick loans!

Our aim is to satisfy your requirements in the easiest and most efficient way possible. We want you to give you the service you deserve so you’re comfortable dealing with us and communicating with us. If you have any questions or inquiries, don’t hesitate to contact us. 

More Nifty reads!

Looking for the best loans around? You’re in the right place! 

Washing machine starting to mysteriously leak? No worries – Nifty could give you a white goods loan to cover such unexpected expenses. 

Whatever your situation is, Nifty could provide you with the extra cash you need. Turn to Nifty to get on top of your finances again. Apply now!

*If you apply during regular business hours and we don’t require any additional documents from you