Short Term Loans | Quick Personal Loans up to $10,000

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Just nifty loans.

Get your cash within 60 seconds of approval*

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Fast Personal Loan

up to $5,000

or

Car Loan

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.

Short Term Loans

Nifty Loans offers short term loans from $300 to $10,000 to eligible applicants, 100% online. 

Short term loans can be used to cover any unexpected expenses up to $10,000. Nifty Loans is a completely online lender specialising in speedy loans; you could have your loan outcome in just 60-minutes.

Short term loans to avoid long term worries

Sometimes, unexpected expenses come out of nowhere. If you don’t have the cash ready to settle your expenses, Nifty offers short term loans online for eligible applicants. Nifty offers quick cash loans from $300 to $10,000 to be repaid over 6 to 24 months. Whether you have urgent medical expenses or a large dentist bill, Nifty Loans will have a loan to suit you. 

Nifty Loans is a 100% online lender. We offer one of the fastest loan services in Australia, with instant transfers available upon loan approval. This means you could have your money ready to use within 60-seconds**. We endeavour to deliver you with the fast loans you need.

What is a short term loan?

Short term loans Australia are a form of personal loan used to cover expenses from $300 to $10,000. We offer three types of short term loans: small loans, medium loans and large loans.

Small loans are unsecured personal loans from $300 to $2,000. These loans can be used to cover any small expenses you may have and can be repaid from 6 to 9 months.

Medium loans are secured personal loans from $2,100 to $4,600. These loans are secured, meaning that an asset must be attached to the loan as security, and can be repaid from 9 to 24 months. Our loans over $2,000 are secured as there is more risk involved for the lender.

Large secured loans range from $5,000 to $10,000. These loans can be repaid over 9 to 24 months and can be used to cover any large personal expenses. 

Fore more information about our short term loans, refer to our costs page.

What can I use a short term loan for?

Our short term loans can be used for any expenses you cannot pay for in one large lump-sum. We offer affordable repayments, so that you can repay your loan in manageable instalments. You can use a short term loan to cover an array of expenses; these are some of the most common reasons our customers have taken out short term personal loans with Nifty:

How to apply

Applying for a short term loan is quick and easy. Nifty Loans is a 100% online lender; this means that we handle everything from your application to your repayments online. We are one of Australia’s fastest lenders; we often process our loan applications within 60-minutes (if applied for within business hours) and offer instant transfers on approval. To apply for a loan with Nifty, follow these simple steps:

Step 1: Apply for your loan online

Select how much you wish to borrow and your repayment terms. Submit your application along with all of your supporting documents.

Step 2: We assess your loan application

Once we have received your application, our team will begin processing. This could take as little as 60-minutes, depending on your individual circumstances.

Step 3: Review and sign your contract

If your application is approved, we will let you know. Our team will send you a copy of your e-contract for you to review and sign. We encourage you to make yourself with any fees and charges that may apply to you. 

Step 4: Receive your money

We will transfer your funds as soon as we receive your signed contract. If your bank supports NPP-transfers, you could have your funds ready to use within 60-seconds.

Eligibility

Before we can approve your application, we must ensure that you meet our eligibility criteria. Please ensure that you can say ‘yes’ to the following before you apply:

  • You are at least 18 years old
  • You have had a consistent income into your bank account for at least 90 days
  • You are an Australian citizen or Australian permanent resident
  • You have an email address and mobile number
  • You have internet banking set up

Supporting documents

For our team to quickly process your loan application, we must have the following supporting documents.

  • 100 points of ID
  • Your basic personal information (name, D.O.B, address etc.)
  • The reason for your loan
  • Your online banking details (to access copies of your bank statements)
  • Your myGov details (if you receive Centrelink benefits)

Getting a short term loan with bad credit

Bad credit can make finding a suitable loan difficult. We are an online lender, which means that we are able to take a more inclusive approach to lending. We use bank statement technology to access read-only copies of your bank statements; we do this to assess your income and spending habits. If we determine that you can afford your loan repayments, even with bad credit, we may be able to offer you a bad credit personal loan

We are guided by responsible lending principles set by ASIC. We may be able to offer you a bad credit loan; this will be completely subject to our thorough individual assessment. We must conduct credit checks on every loan applicant in line with responsible lending. 

Are you receiving Centrelink benefits and cannot manage an unexpected expense? We offer short term loans for people on Centrelink. We consider most forms of Centrelink income as regular income. We focus on your ability to repay your loan, not whether you are receiving government benefits. If you have been receiving your Centrelink payments for at least 90 days and meet the rest of our eligibility criteria, we may be able to offer you a fast cash loan

FAQs

How much can I borrow with a short term loan?

We offer loans from $300 to $10,000, so you can apply to borrow any amount within this range. We will assess your affordability to ensure that you can manage your loan; if we do not find that you can afford the amount you apply for, we may offer you a lower amount.

Can I get a short term loan if I have bad credit?

Nifty Loans has offered thousands of Australians bad credit personal loans. We will conduct a credit check and thorough financial assessment to ensure that you can afford to take out a personal loan with bad credit. If we determine that you can manage your loan comfortably, we may be able to provide you with a bad credit loan.

How do I repay my loan?

We will set up a direct debit from your nominated account in line with your pay cycle. This is to ensure that the money for your repayments will be in your account on your payment date. When your loan has been fully repaid, these direct debits will stop.

Do you offer short term business loans?

Unfortunately, we do not offer short term business loans. Nifty’s short term loans are designed for personal use. Short term business loans are supplied to businesses by lenders that usually start at a minimum of $5,000. Our loans will need to be registered to an individual’s name, not on behalf of any entity or business. 

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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.