*During normal business hours.
In a period of financial strain, time is the only thing that truly counts. Unplanned costs like emergency car repair, an accident, or a surprise bill can undermine even the most prudent financial planning. If you are in such a situation, postponing payment of a given amount can be almost impossible. Nifty Loans’ is a lender who is ready and willing to help Aussies get an easy and quick personal loan online. Our team could even provide you with a decision within 60 minutes of application (if you apply during regular AEST business hours). If you’re looking for a local Aussie lender that you can trust then why not scroll up and apply now!
The market for small-amount credit has grown dramatically since the introduction of new Australian regulations in 2013. According to the Australian Centre for Financial Studies, among the most popular products are loans of up to $2000 for periods between 16 days and 12 months, termed Small Amount Credit Contracts (SACCs). Interestingly, the demand for these products has risen twenty-fold in the last decade.
Lenders provide quick loans at a fixed or variable interest rate. These loans can be used to cover most personal expenses – home or vehicle repair, medical or dental bills, even a holiday. You can use the loan to buy a car. The rate at which demand for car loans in Australia is increasing is beyond belief. Nifty Loans offers loans ranging from $300 to $5,000, as well as a broker finding service for car loans.
Nifty Loans can offer you a quick personal loan online for a variety of different expenses. You could site dental costs, renovation expenses, medical costs, car registration costs, to buy white goods, or to go on holiday on your quick personal loan online application.
A quick personal loan online can give you fast, unobstructed access to the funds you need. Nifty Loans is a lender with a heart (that is NOT an oxymoron!) who takes clients’ unique needs into account. We believe giving a fast, no-frills loan is the most helpful thing anyone can do. We take into account different income levels, different situations, and different spending habits and customise our products accordingly. To this end, Nifty Offers three main types of personal loans.
|Loan Type||Loan Amount||Common Loan Reason|
|Small Amount Loans||$300 to $2,000||Car registration Loan|
|Medium Amount Loans||$2,100 to $4,600||Car Repair Loan|
|Large Amount Loans||$5,000||Holiday Loan|
Some of the assessment factors mentioned above can often be omitted by traditional lenders. Their selection criteria is often heavily dependent on an applicants credit history rather than their current financial position. A regrettable outcome is that a client with a solid loan application could still get rejected even if they have shown the capacity and willingness to repay a loan. Nifty Loans will consider your application even if your credit rating isn’t perfect. So the answer to your search for a quick personal loan online could be a mere click away!
The fast loan sector is heavily regulated by the government, so legitimate lenders will always observe certain standard procedures. A trustworthy lender will ask all potential borrowers to provide sufficient forms of identification details and bank statements information as proof of income. They will not give a loan to an applicant under the age of 18. They will also answer any questions you may have and make sure you understand your contract.
All non-bank lenders must also have a risk management program in place that is suitable in terms of its operations and be tailored according to their funding structure and the market sector. The program must be effectively documented and contain review procedure details.
If you decide to apply, always take the time to read about loan details on the website of the provider. Some lenders may publish unclear information or have really complicated interest calculation procedures. Make sure everything is clear to you even before applying, but prior to signing a contract at the very least. A legitimate short term lender will not charge a fee just because you submitted an application. It is often a sign of a scam if you have to pay something before even getting approved for a short term loan.
When trying to decide on a quick personal loan online, it is a good idea to do a comparison shop. A very easy loan might not be the best deal. Check to see if you can afford the instalments. Nifty Loans also offers weekly, fortnightly and monthly repayment options. If you feel you might not be able to repay the loan on time, don’t sign off on it before having your concerns addressed. If the lender does not address them or does so inadequately, you simply look elsewhere.
When comparison shopping, the interest rate and fees should be a factor, but not the only ones. Low-interest personal loans are a good thing, but some come with very high dishonour fees and other prepayment penalties. Loans that come with credit life insurance, for example, can have a much higher overall cost. Sometimes, a lender will roll an insurance policy into your loan without telling you and this will raise the rate – not insignificantly. One measure to help you with this is called a comparison rate. A comparison rate boils down the key interest and base fees into one figure.
When comparing loans products, you also need to consider other features of the various products. For example, early payout fees, balloon payments, security requirements, guarantor requirements, etc. If you are unsure about what might be the best product for you, you should also consider independent legal and financial advice.
Small personal loans, which are generally classed in the Small Amount Credit Contract (SACC) category, should be budgeted for just like any other expense. In other words, a borrower who agrees to one must include it in the expenditures category of their monthly budget. It belongs right up there with the bills and other unavoidable expenses.
You don’t have a monthly budget, you say? Start making one now. It’s simple – just make a list of your income and expenses that are as detailed as possible. It should have four columns – regular income, other income, discretionary expenses, and non-discretionary expenses. For reference, check out Money Smart’s budget calculator.
Regular income includes government benefits, such as Centrelink payments, and your salary. Earnings from freelance work belong in the other income category because, sadly, payment for this type of work is not guaranteed. The third category includes electricity, heating, water, phone, and other utility bills as well as payments on loans under contract.
Finally, avoidable expenses are the free-time related ones – going out for dinner or buying something you don’t need urgently.
Things like an unplanned, urgent purchase can lead you to go over your budget and potentially fall behind on your basic expenses. This is where Nifty could help. We offer short term personal loans between $300 – $5,000 to cover urgent purchases. Be it car repairs, medical expenses, travel expenses or even renovation expenses. But before taking a loan, you should always check how much a loan would cost you. You can find examples of our costs and repayments at both the top of this page and on our costs page.
Just fill out our online fast personal loan application (it can only takes a few minutes), and we’ll deliver results! No need to wait in line at the bank. Nifty’s friendly team is always available and ready to reach out during regular business hours. If you contact us or apply outside these, we’ll get back to you the next business day ASAP.
We want and always aim to provide valuable online customer service for a quick personal loan. You can contact our team at email@example.com or call us on 1300 471 328 if you have any questions about our fast loan services.
Our team will get to work as soon as you submit your application and deliver results as fast as we can.
Nifty Loans is a highly trusted and reputable lender who is strictly compliant with all applicable legislation, such as the National Consumer Credit Protection Act. We stick to our own lending criteria as well. One criterion is never to offer a bigger loan than we believe the recipient can reasonably be expected to repay on time.
Nifty Loans offers fast loans on transparent terms, with reasonable interest rates and no charges apart from those listed in the above example. We will make sure everything is clear right from the get-go.
Our basic premise: You need a quick loan to cover an expense. It doesn’t have to be big. This is one reason we don’t judge solely on bad credit. It’s frustrating to have a poor credit score stop you in your tracks when you’re desperate to cover an unexpected expense. Our professional staff will look beyond credit history because we’ve been in business long enough to know it’s not the only factor. People can make mistakes in the past. It’s the future that counts.
Are you ready to get started with an application? Our team have worked hard to make the process as streamlined as possible. We don’t do long drawn out applications or paper forms. At Nifty, we understand that our customers have more important things to do! So, here’s how you could get started today:
Head to the top of the page and use our online loan calculator to input your desired loan amount and the repayment period.
We’ll need a few important details from you in order to assess your loan application. Our online application form could only take a few short minutes to complete. The best part is you won’t even need to leave the couch. The entire thing can be completed from the comfort of your own home.
The Nifty team will assess your application and get back to you with an outcome. If you apply during AEST business hours you could even hear back from us within the hour! So, kick back and relax while we do the hard work for you.
If your application has been successful we’ll send over an agreement for you to review and sign. The Nifty team encourage all applicants to read through their agreement carefully. It is important to make yourself aware of any fees and charges that could incur for payment defaults.
As soon as the Nifty team receive a signed copy of your agreement they will transfer the cash straight into your account. Instant banking is now making it possible for Aussies that hold an NPP enabled bank account to have the funds in their account and ready to use in just 60 seconds.
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
$300 - $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.