5K Loan | Personal Loans from $2,500 - $10,000 | 100% Online | Apply Now!

Are you looking for a 5K loan? Well, you might have just found the lender for the job. At Nifty, we offer personal loans between $2,500 and $10,000 for Aussies all over the country. Are you sick of waiting in line at the bank? Nifty is proud to be making it easier than ever for Aussies to get the cash they need without the hassle.

Where can I get a 5k loan?

When you apply for a 5K loan with Nifty you won’t even have to leave your living room. We’re 100% online, so you can apply wherever you like. Nifty’s application process is designed for Aussies on the move.

What is a 5K loan?

5K loan is just a personal loan up to the value of $5,000. A personal loan is an amount of cash that is lent to a borrower based on the agreement that the money will be repaid over a set period of time. There are a variety of different lenders on the market who might offer a 5K loan over 4 years, a 5K loan over 3 years, or even a 5K loan over 5 years.

At Nifty, we offer 5K loans over a repayment period of up to 2 years. You can use the loan calculator at the top of the page to see what the weekly, fortnightly or monthly repayments on your desired loan amount could be.

Frequently Asked
Questions

Can I get a 5K loan with bad credit?

At Nifty, we think you’re more than just a number. That’s why we don’t base our assessment solely on the result of a credit score check. As a part of our commitment to responsible lending we will conduct a credit score check, however, we will also look at other aspects of your current financial situation. Our team will assess your income, spending habits and pre-existing financial commitments to ensure a personal loan is the right financial decision.

We do not want to provide 5K loans to people who can not afford to repay them. So, if you’ve been googling ‘get a 5k loan with bad credit’, ‘how to get a 5k loan with bad credit’ or ‘direct lender for 5K loans with bad credit’ we could help!

What about Centrelink?

Yes, we can offer loans to people receiving Centrelink payments! Ultimately, it comes down to each individual situation. However, if you’re receiving regular payments from Centrelink in the form of a pension or other benefits scheme, we may consider this as an alternative income. If you’re still not sure whether you’d be eligible for a loan with us, we recommend you apply anyway. It doesn’t cost a cent to submit an application and that way you’ll at least get a definitive answer!

How much would a 5K loan cost?

Are you wondering what 5K loan repayments could be? We recommend you head to the top of the page and use our loan calculator to check out what a 5K loan could cost you. The Nifty loan calculator could show you what your weekly, fortnightly or monthly repayments could be. If you’d like a further breakdown of what a 5K loan could cost you we recommend you head to the Nifty costs page for more information.

Will Nifty call my boss?

Only in some cases will the Nifty team will contact your employer when you apply for a 5K loan. There is no need to stress, this is usually a routine part of our assessment. Our team might contact your employer to verify some important details. You can rest assured, however, that none of your personal or private information will ever be disclosed to your employer – including the reason why you are applying for a 5K cash loan. If you’ve got questions regarding employment checks our team is happy to answer them! You can get in touch or head to our FAQ page for more information.

Why do I need to provide online banking details?

Our team might ask you to provide online banking details as a form of identification and as a platform to assess your financial suitability for a 5K loan. At Nifty, we don’t base our entire assessments around the result of a credit score check. Our team uses your bank statements as a way of determining whether or not you will be able to afford a 5K loan. Worried about security? Nifty uses the latest in safe banking technology to encrypt all of your information. That means no one will ever be able to see your personal information or passwords. If you’d like to know more about this process our team are happy to answer your questions.

Who can apply?

Are you wondering who can apply for a 5K loan with Nifty? You’ll be pleased to know that we prefer to keep our application criteria as simple as possible. All applicants must:

  • Be an Australian citizen or permanent resident;
  • Be 18 years of age or above;
  • Have received a regular income into a personal bank account for at least the last 90 days prior;
  • Have a direct contact number and email address.

Pretty simple, isn’t it? If you can meet the criteria above then you’re more than welcome to scroll up and start an application right now.

Will I need to fill out any paperwork?

No! At Nifty, we don’t believe in paperwork. We won’t ask you to fill out any paper forms whatsoever. Our entire application process can be completed 100% online. All the documentation we require you to submit can also be done through Nifty’s online application form. Here is what we suggest you have handy:

  • Your basic personal details (name, D.O.B etc);
  • Internet banking details (so we can securely access read-only copies of your bank statements);
  • The reason you are applying for your loan;
  • Your MyGov details (if you receive Centrelink or Government benefits);
  • Employment details and contact info of your workplace (we may need to get in contact in order to verify your employment status);
  • All applicants must be able to prove they are either Australian citizens or permanent residents.
Ready to get started?

If you’re ready to get started on a $5,000 loan application then head to the top of the page. The best part is a loan application and assessment will cost you nothing. If you apply during AEST business hours our team will do their best to get back to you with an outcome in just 60 minutes.

Want to read more?

Looking for something smaller than a 5K loan? We offer a range of different loan options to suit all kinds of situations. If you’re keen to read more from the Nifty team you can head to our blog or check out how to get a small same day loan here.

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Fast, easy cash loans. Nifty could have the money you’re looking for.
*Only available for NPP enabled bank accounts.

Personal Loan Details

Loan Amounts $5,000 – $15,000
Loan Terms 9 – 24 months
Starting Interest Rate (APR) 11.42% (Excellent Credit)
Starting Comparison Rate 14.49% (Excellent Credit)
Ceiling Interest Rate (APR) 21.24% (Average Credit)
Ceiling Comparison Rate 45.56% (Average Credit)
Type of rate Fixed Rate
Repayment options Weekly, Fortnightly, Monthly
Monthly Fee $0
Early repayment fee $0
Average turnaround 60 minutes*
Loan Options Unsecured & secured options

Credit criteria and terms and conditions apply. Representative example: based on a loan of $10,000 over 36 months a borrower with an excellent credit history can expect to pay a total of $12,389.76. WARNING: This comparison rate is valid 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. Interest rates vary subject to a full credit assessment. This represents a comparison rate of 14.49% p.a. and includes all interest and fees included in your loan repayments over the life of your loan. For our personal loan product the APR starts from a minimum of 11.42% (14.49% comparison rate) with a maximum of 21.24% (45.56% comparison rate). The minimum loan term is 9 months and the maximum loan term is 24 months. For more details and examples visit our rates and fees page.