*Only available for NPP enabled bank accounts
- It's possible with Nifty.
*During normal business hours.
So you want to know how to qualify for a loan! Maybe life has thrown you a curveball, or perhaps you just need a financial boost to seize a new opportunity. Whatever your circumstance, lenders like Nifty have made it easier than ever to access personal loans. Thanks to our simple online application, you can apply for a loan between $300 and $5,000 without the fuss of a traditional lender. No waiting lines and no paperwork. Just a short application that could take you only a few minutes to complete.
Sound good to you? Scroll up now to get started on your application or keep reading to learn how to qualify for a small personal loan with Nifty today!
Before we get into the finer details of how to qualify for a loan, let’s clarify what a personal loan actually is. A personal loan is money that is borrowed from a bank, credit union or online lender and repaid over a fixed period of time. Most personal loans accrue interest, however, interest rates vary from lender to lender. Personal loans can also be secured or unsecured, with secured loans requiring an asset to be attached to the loan agreement. At Nifty, we can provide both secured and unsecured personal loans, depending on the borrowing amount.
Loan qualification criteria differ from lender to lender. If you’ve ever applied with a traditional lender then you probably already know how strict their application criteria can be. Fortunately, online lenders are usually a little more lenient.
At Nifty, we are proud to be giving all Aussies a fair go at safe, reliable and fast personal loans. We keep our application criteria as simple as possible. If you’d like to apply for a loan with Nifty, you must:
If you’re looking to apply for a loan with a traditional lender, such as a bank or credit union, a bad credit score can often stand in your way. Yet at Nifty, our team prefers to take a realistic approach to your financial history. We understand that sometimes life gets in the way – you miss a few repayments and your credit score suffers. Our team knows that people and circumstances can change. In most cases, we will take a look at where you are at with your finances now rather than focussing on the past. So, if you’ve been googling ‘what is a good credit score to qualify for a loan’ or ‘what is a bad credit score to qualify for a loan’ don’t panic. We will give you a fair assessment, regardless of your credit score.
No! When you apply for a loan with Nifty you won’t have to complete any paperwork at all. Our personal loan applications are 100% online and paper-free. We will, however, need a few important details from you in order to assess your ability to qualify for a loan. Here is what we recommend you have on hand:
Pretty straight-forward, hey! You could complete our application form in just a few short minutes. If you submit your application during AEST business hours our team will do their best to get back to you in just 60 minutes.
That’s a good question. At Nifty, we understand that everyone is different and that means every financial situation is different. That’s why our team assesses personal loan applications on a case by case basis. We can not give consumers a direct ‘yes’ or ‘no’ answer as to what loan amount they qualify for without assessing an individual application.
The Nifty team encourages you to use the loan calculator at the top of the page to get a better idea of what the weekly, fortnightly and monthly repayments could be on your desired loan amount.
No. At Nifty, we do not provide payday loans. Traditionally, payday loans enabled you to borrow cash and pay it in full on your next payday. Today, payday loans are illegal in Australia, hence why Nifty does not provide them. If you’re looking to borrow a small amount over a shorter period of time though, you can easily apply for a SACC.
A SACC is a Small Amount Credit Contract, or in layman’s terms, a small personal loan. Typically, a SACC is for cash between the value of $300 and $2,000 and is repaid over a maximum period of 9 months. At Nifty, we offer small personal loans up to $5,000. So, if you’ve been wondering ‘is it easy to qualify for payday loans’, our SACC’s could be an easy alternative option for you.
At Nifty, we approve personal loans for a wide range of different expenses. Check out the following:
If you need cash to cover a medical expense you could qualify for a loan with Nifty. We understand that when an unexpected medical bill hits there is no time to wait in line at the bank. At Nifty, we have made our application process as streamlined as possible so you get an outcome on your loan application as quickly as possible. Head to the application criteria above to check whether you qualify for a loan.
Bet you didn’t think of that one. At Nifty, we approve loans for cosmetic surgery procedures. If you’ve been thinking about some ‘self-improvement’ then why not see what Nifty can do for you. The best part is, you can complete the entire application process 100% online. If you don’t have time to wait around in line at the bank, just apply with Nifty.
Planning a trip? Maybe you’re taking the family away for the school holidays, or maybe you’re taking a big European vacation. Wherever you’re headed, Nifty could have the cash to get you there. You could apply for $300 to $5,000 completely online. Our team of lending experts will assess whether or not you qualify for a loan and get back to you in 60 minutes (if you apply during AEST business hours). So, why not get started on an application today!
|Loan Type||Loan Type Accepted?|
|Medical bill loans||✔|
|Cosmetic surgery loans||✔|
Nifty is proud to be a responsible lender. That means we will always do the right thing by our borrowers. The Nifty team will never approve an applicant for an amount of cash that we do not believe they will be able to repay. We carefully assess whether each applicant is eligible to qualify for a loan. All responsible lenders must:
If you have further questions regarding responsible lending practises you can head to the ASIC website.
Like what you hear? If you’d like to see if you qualify for a loan with Nifty, then all you’ll need to follow these simple steps:
Head to the loan calculator at the top of the page to enter your desired loan amount and the repayment period. You will then be able to view what your weekly, fortnightly or monthly repayments could be.
We will need to get a few important details from you in order to properly assess whether or not you qualify for a loan. Nifty’s 100% online application form could only take you a few minutes to complete and if you submit your form during AEST business hours you could hear back from our team in just 60 minutes.
Once you submit your application form, the Nifty team will get to work assessing. You can kick back and relax – let us do the hard work. We will do our best to match you with the perfect personal loan.
If our team has successfully matched you with a loan product to suit your financial situation, we’ll send over a contract for you to review and sign. The Nifty team encourages all borrowers to read through their agreement carefully and make themselves aware of the full terms and conditions of the loan product. Be aware that you may be charged a fee if you default on a payment.
As soon as we receive a signed copy of your agreement the Nifty team will transfer the cash straight to your account. If your personal bank is NPP or Osko enabled you could have the cash in your account and ready to use in just 60 seconds.
We get it, life happens and sometimes making a repayment just isn’t possible. If you don’t think you’re going to be able to make a payment on your loan get in touch with the Nifty team as soon as possible. In most cases, if our team is contacted 24 hours before the repayment is due, we will do our best to rearrange your payment schedule. The most important thing is communication. Make sure you let the Nifty team know what is going on so we can do our best to help you out. At Nifty, we want to make it simple and stress-free for you to repay your loan.
At Nifty, we are dedicated to providing the best possible experience for all of our borrowers. We know that without you, there is no us. We pride ourselves on making it simple and safe for Aussies to access a reliable personal loan. Keep in mind that the Nifty team is here to help you. We lend in accordance with ASIC’s Code of Responsible Lending. That means you can rest easy in the knowledge that the Nifty team will never approve you for an amount of cash that we do not believe you will be able to repay. We encourage borrowers to get in touch with any questions or queries. At Nifty, we’re down to earth, friendly and always more than happy to help.
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
$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.