Micro Loans | Fast Personal Loans from $300 to $10,000
Micro loans for micro expenses

Nifty Loans offers short term micro loans to eligible Australians in need of credit. You can use a micro loan to cover any micro expenses you are unable to reasonably manage without financial assistance; whether you need dental surgery or you have received an unexpected bill, a micro loan can be used to cover your costs.

Nifty Loans is a 100% online lender. We are micro loan providers that specialise in delivering fast online loans efficiently and effectively. If you need a loan, you may be able to utilise the financial services offered by Nifty Loans.

What are micro loans Australia?

Micro loans are small personal loans from $500 to $2,000 to be used to cover personal expenses. We offer three types of personal loans: small loans, medium loans and large loans.

Loan type Loan amount Security Repayments
Small loan $500 to $2,000 Unsecured 6 to 9 months
Medium loan $2,100 to $4,600 Unsecured or Secured 9 to 24 months
Large loan $5,000 to $10,000 Secured 9 to 24 months

Our small loans are unsecured personal loans. Large personal loans offered by Nifty Loans are secured. This means that an asset must be attached to the loan as security; this could be a car, motorbike or even a caravan. Medium loans can be unsecured or secured. If you would like more information about the fees and charges on our loans, please refer to our costs page.

What can I use micro loans for?

Micro loans can be used to cover any personal expenses you cannot manage without financial support. We receive applications for micro loans from thousands of Australians every day and have aided thousands of people with short term micro loans. These are some of the reasons we have approved loan applications:

White goods

Car registration

Urgent car repairs

Dental costs

Medical expenses

Unexpected bills

Supporting documents

We require electronic copies of the following supporting documents to process your loan application. To ensure we can process your loan as fast as possible, please ensure you provide the following documents when you submit your application:

  • 100 points of identification
  • Your basic personal details (full name, D.O.B., address, etc.)
  • Your online banking details
  • Your myGov login details (if you currently receive Centrelink)
  • The reason for your loan

Micro loans for bad credit

Nifty Loans is an online lender; this allows us to have more leniency in our credit lending requirements than traditional lenders like banks and credit unions. We provide bad credit personal loans to eligible borrowers that are in need of credit but have a poor credit history. We use current bank statements to conduct a thorough financial assessment to ensure that you can manage a loan. We are a financially inclusive lender and can provide loans to applicants that may not be able to secure a loan from a traditional lender. If we find that a borrower can manage their loan repayments, even if they have bad credit, we may be able to provide them with a same day loan.

We adhere to the responsible lending guidelines set by ASIC. We still conduct credit checks on every loan applicant; however, we are more lenient in our credit requirements, so we may be able to provide you with a personal loan even with bad credit.

FAQs about micro loans

How much can I borrow with a micro loan?

You can apply to borrow any amount from $500 to $2,000 with Nifty’s micro loans. We will conduct a financial assessment to ensure you can manage your loan repayments. Your repayments will vary depending on how much you borrow.

Do you offer interest free micro loans?

We do not offer interest free loans; however, we offer competitive interest rates on our personal loans. We also do not offer interest loans; all of our loans accompany fees and charges that are clearly outlined to you.

Do you offer micro loans for Centrelink customers?

We consider most forms of Centrelink income as regular income. If you have been receiving your government benefits and meet the rest of our eligibility criteria, we may be able to provide you with a loan for Centrelink customers.

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