In a period of financial dearth, 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 a quick and easy online personal loan. 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!
Why Apply For A Quick Personal Loan?
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.
It’s not as hard as it seems! 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.
Types of Loans
Nifty Loans can offer you an instant quick personal loan online for a variety of different expenses. You could site dental costs, renovation, medical costs, car registration costs, to buy white goods, or to go on holiday on your application for a quick personal loan online.
A quick personal loan online can give you fast, unobstructed access to the resources 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 customize our products accordingly.
How Are We Different?
The above factors can 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 to repay the loan. Nifty Loans will consider your application even if your credit rating isn’t perfect. The answer to your search for a quick personal loan online could be a mere click away.
Quick Personal Loan Online – The Rules
The fast loan sector isn’t 100% regulated by the government, but legitimate lenders observe certain standard procedures nonetheless. A trustworthy lender will ask all potential borrowers to provide sufficient forms of identification and bank statements in their name as proof of income. They will not give a loan to an applicant under the age of 18. They will answer any questions you may have.
All non-bank lenders must have a risk management program in place that is suitable in terms of its operations, tailored according to their funding structure and the market sector. The program must be effectively documented and contain review procedure details.
Quick Personal Loan Online – Apply After Reading The Fine Print
If you decide to apply, take the time to read 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.
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, simply look elsewhere.
What To Look For When Comparing
When comparison shopping, the interest rate should be a factor, but not the only one. 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.
Budgeting For Your Quick Personal Loan Online
Even personal loans, which are generally classed in the SACC category, should be budgeted for. 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 – guaranteed income, possible income, unavoidable expenses, and avoidable expenses. For reference, check out Money Smart’s budget calculator.
Guaranteed income includes government benefits, your salary, and Centrelink payments. Earnings from freelance work belong in the possible 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.
How Much Will A Loan Cost You?
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.
Quick Personal Loan Online – Apply Now
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.
Nifty Loans is 100% Online
Just fill out our online fast personal loan application (it 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.