Unsecured Loans | Personal Loans Online with Fast Outcomes

Need an unsecured loan?

Here at Nifty Loans, we’ve created a simple and quick online borrowing process. We offer unsecured loans from $2,500 to $10,000 with flexible loan terms up to 24 months. Whether you’re needing some extra cash to spruce up your home office, or wanting to cover the costs of a weekend getaway, an unsecured loan can provide you with financial security.

Why choose Nifty?

At Nifty, we guarantee a fair loan assessment for every application, no matter your financial circumstances. That’s why we’re one of Australia’s fastest-growing small online lenders. Our team of loan specialists work tirelessly to have a speedy turnaround on applications while upholding responsible lending practices. You can find out more about taking out an unsecured loan below.

Our Happy Customers

Secured vs. unsecured loans: what’s the difference?

Unsecured Loan
  • Don’t need to provide any security (collateral) for the loan
  • Typically a smaller loan value
  • Can be used to cover holiday expenses, home improvement costs, etc.
  • Tend to have higher interest rates, due to posing a higher risk to lenders
  • Typically faster application process

Unsecured loans can be a great option for those needing a little extra cash to get them through. The application process is usually a lot faster than for secured loans, as you won’t be filling out extra paperwork detailing your collateral.

Secured Loan
  • Must be guaranteed by an asset (such as a car or a motorbike)
  • Typically a larger loan value
  • Can be used to cover most expenses
  • Tend to have lower interest rates, as the lender can use the collateral as security
Am I eligible for an unsecured loan?
  • Be 18 years old
  • Have Australian citizenship, or permanent residency
  • Have an active internet banking account
  • Have regular income for a minimum of 90 days before applying
How to apply for an unsecured loan through Nifty

Applying for an unsecured personal loan through Nifty is quick and simple. We’ve done all the hard work for you, so that you can apply and receive a response within 60-minutes*.

  1. Use Nifty’s online application form and apply in under 10 minutes;
  2. Sit back and relax while our loan assessors evaluate your application;
  3. If your application is approved, you could receive your cash within just 60-seconds**.

What can you use an unsecured loan for?

Unsecured personal loans can be used for a range of expenses. They usually offer more flexibility with additional repayments than secured loans do. Some common uses of unsecured loans include:

Wedding costs

Whether it’s catering costs, accommodation, or floral arrangements, weddings can be expensive. An unsecured wedding loan can help chip in to cover those extra costs that many couples don’t account for when budgeting.

Holiday expenses

If you’re run down from work and craving a getaway, an unsecured holiday loan can cover flights, accommodation, and most other expenses that come with booking a trip.

Debt consolidation

You might be carrying debt from multiple sources. In some cases, taking out an unsecured loan to consolidate your debts can be a smart option, as it will most likely reduce your total interest charges.

Home renos

You might want to repaint the house, or replace your white goods. Whatever sprucing up your living space needs, an unsecured loan can chip in to get the ball rolling.

Frequently Asked Questions

How much can I borrow on an unsecured loan?

At Nifty, we offer unsecured loans from $2,500 to $10,000 with repayment periods up to 24 months.

Does Nifty charge fees?

Like with most personal loans, the regular fees and charges will apply with a Nifty unsecured loan. When you submit an application, we’ll give you a credit guide that runs through the applicable fees and charges you can expect to pay on the total cost of the loan. As a responsible lender, we are transparent about these fees and will always do our best to inform you of the true cost of the loan.

How quickly will I receive my unsecured personal loan?

Nifty uses an in-house bank statement reviewing technology, meaning we’re able to assess applications almost instantly. If you apply within business hours, most applicants can expect a response within 60-minutes*, if not instantly. If your application is approved, and you have an NPP-enabled bank account, you could be looking at receiving your cash within 60-seconds**.

Does Nifty do credit checks?

Our team at Nifty adheres to ASIC’s responsible lending guidelines. As such, we’re required to perform credit checks on every application we receive. Don’t let this dishearten you, though – our loan specialists will look at an applicant’s full financial profile, not just their credit score. So, if you have a poor credit score, it’s not the end of the world.

Does Nifty offer unsecured loans to applicants with bad credit?

At Nifty, we pride ourselves on being an inclusive lender. This means that we can offer finance to applicants with bad credit, as long as they meet certain criteria. When we perform our credit check, we also look at your regular income and expenses, and this will determine whether our loan repayments are manageable for you. If you’re worried about your credit score or are wanting to understand your options with Nifty, reach out to our friendly customer service team.

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.