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:

• Urgent car repairs
• Car registration 
• Covering rental bond
• Taking the family on a holiday
• Wedding expenses
• Purchasing an engagement ring

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. 

Short term loans Centrelink

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

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