Cash Loans For Unemployed Australians – Best Loans Australia 2020

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Cash Loans for Unemployed Australians

Life has a way of throwing snags your way especially those pecuniary plights.

  • unanticipated medical bills
  • car troubles
  • business hitches
  • or house facelift.

Or perhaps you are a visitor & wish to move to a new neighborhood within Australia. Either way, you need some quick spare cash.

Best Cash Loans For Unemployed Australians

I’ve done the research and here is the best cash loans offer:

EDIT 2020: List of companies removed. None of them accept unemployed people.

Loans For Employed Australians

If you are employed, then you can also apply for following loans:

Name Interest Rate (p.a.) Min. Loan Features Review
From 35% $2000 + 5 Minute Application GO TO SITE

Why Unemployed Australians Need Quick Cash Loans

You may have your budget well planned in fact with a little amount of cash set aside for such emergencies, but when such fiscal facers come your way, you still need some financial aid.

It gets worse when you are unemployed since quick easy loans for unemployed are hard-to-reach.

You find yourself troubled with no place to turn to since hardly any banks are willing to help. Worry not, below is a quick guide on how to access cash loans for unemployed in Australia. After all, abrupt expenses don’t exempt the unemployed, do they?

With these little loans for unemployed, you can work out that inconvenience and get back on your feet. Such loans for unemployed Australians give additional succor be it to a student, parent or an entrepreneur to help buoy you out of a crisis.

Pull up a chair and hone in on this train as we show you how to get around accessing unemployed cash loans.

Fast cash loans for unemployed

It may seem general knowledge but what are fast cash loans for Australians who are on the wallaby track? Fundamentally, loans for the unemployed are emergency little cash aids that jobless Australians can apply for should a financial problem come their way.

You may find yourself needing an instant cash loan. Much as these loans are labeled ‘instant’, don’t be fooled to think they are instant. They are not. In reality, these loans happen to be processed so quickly hence the tag.

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Having an unpleasant credit history may affect your chances of securing an online loan or sometimes you just don’t want your credit checked. No need to worry.

You can access no credit check loans instead. For these loans, your credit history is not considered while approving your loan application. However, not all lenders offer this alternative.

Financially liable Australians (students mostly) are eligible for these loans. It’s important to note that these loans are not limited to students. Jobless Australians who receive fixed unemployed benefits could also try these loans to boost their finances.

If you are an Australian receiving Centrelink income, you may be also eligible for an online cash loan. This is because most financial institutions in this country consider Centrelink benefits as a regular income source. Lenders and banks providing these loans have an online application, review and approval procedure. Additionally, the money will be sent to you online. Thank God you don’t have to make long queues at the bank to get served or fill out papers.

The major pro of online cash loans is that online application is simple and the cash is availed quickly. Nonetheless, these loans may have higher rates.


If you are considering no credit check loans, there are various options available. These options come with different features, payment plans, availability, interest rates, and risks.

As a result, it is necessary to deliberate upon the options before making a final decision. Do not panic, however, as we break down some of the options commonly available for unemployment loans here.

Loan options

The two common no credit check cash loans for the unemployed in Australia are;

1. Payday loans are usually ad interim fleeting loans repaid within a year. Most are limited to a sum not exceeding $2000. They can be accessed without your credit history check. Withal, this option has a downside. Not only are the interest charges high but also, they have a short fixed period to repay. Not to mention the inflexibility of terms for this type of loan. Failure to settle the loan before the deadline has consequences including but not limited to additional extra charges.

2. Personal loans, on the other hand, are those unemployed cash loans availed to help a person in need get around a financial hitch. They come with less severe approval criteria. Unlike payday that has draconian terms, personal loans have more feasible terms and acceptable rates. The risk correlating to personal loans is significantly smaller compared to that of payday loans ergo personal loans are preferred. They include lifestyle or car loans and have different interest and comparison rates.

Should you have a good credit history or don’t mind the lender going through your history, you can apply for online loans.

Credit Score May Determine Eligibility

As a way of determining your eligibility, the lender may be inclined to use your credit score.

A credit score is a statistical figure realized from the evaluation of your credit file. It tells about your borrowing behavior.

It is advisable to find out your score since it is calculated from your credit report which contains:

  • Personal information like age
  • Credit amount borrowed
  • Unpaid/delayed loan payments
  • Bankruptcy related information

Experian and Equifax are Australia’s common credit reporting bureaus and their credit evaluation is as tabulated below.

Weak 0 – 549 0 – 509
Fair 550 – 624 510 – 621
Good 625 – 699 622 – 725
Better 700 – 799 726 – 823
Excellent 800 – 1000 833 – 1200

A credit score provides insight into your available loan options. The higher the score, the easier it is to secure a loan. For instance, a 550 is an average score (Equifax system) and implies you have a 1 out of 12 possibility of default lodge in a year.


Perquisites of taking a loan for unemployed are:

  • The loan can be used to cover different costs depending on your needs especially the unexpected emergencies that cannot wait.
  • You set your terms of repayment by picking the loan option that best suits you.
  • These loans can help you patch up your budget so that your month or year projects run smoothly.

General application procedure

With the right loan in mind, here is the application procedure although it may slightly vary depending on your lender.


To qualify you require to:

  1. Be 18 years or older
  2. Be an Australian citizen or permanent resident. You can still access a loan if you are a Non-resident although you’ll need a visa and loan options will be limited to repayment time before your Visa expires. Your overseas credit history won’t be factored during approval.
  3. Have been receiving a regular income to your bank account for the past 3 months (Centrelink benefits count)
  4. Be reachable i.e. have an active email address and mobile number


The application process is simple & quick.

Head over to the website of your lender of choice that offers the type of loan you want. Scroll to the top (if the top of the page is not being displayed upon loading) to find the loan calculator. Enter the amount you intend to borrow as well as your suitable repayment terms. Click on the ‘Apply Now’ panel.

You’ll then be provided with an application form to fill in details like your personal information, contact information, bank statement, and MyGov account details if you receive Centrelink Income.

Some lenders may require your banking credentials to acquire a bank statement in order to process and approve your loan.

Beware of fraudulent money lenders.

After you are done filling in the details, submit the form.

Now, wait for your application to be processed and approved. For clarification or further communication, the lender will reach out to you through the email address or mobile number.

If successful, your lender will get in touch and a digital loan contract will be emailed to you. Go through the contract to ascertain everything and if satisfied, sign the contract and forward it to your lender.

The lender will then transfer the funds to you but keep in mind, access to the funds is dependent on inter-bank transfer times.

3 Types of Quick Loans in Australia

There are 3 broad groups of quick loans for unemployed that you can apply for in Australia depending majorly on the sum you want.

  • Small personal loans usually capped at $2000. The payment period is usually within a year. They don’t require collateral.
  • Medium personal loans stretch between $2001 to $5000. The payment period for this loan is extended to 2 years.
  • Large personal loans entail sums exceeding $5000. They have a repayment period similar to medium loans.

If not successful you can try getting a co-sign loan, use home equity or try peer to peer lending.

Quick & Simple Repayment

Most lenders prefer to set up payment lining up with your income calendar. They will set up a direct debit into your account such that funds will automatically be deducted until your loan is fully settled.

They will also send a repayment alert before and on the payday to keep you informed.

Fast Cash Loans For Unemployed People – When You Need Them Fast!

Have you had an unexpected and entirely inconvenient expense pop up out of the blue? Has that expense completely blown your budget out of the water? We know just how it feels. You were puttering along, just doing your thing and boom! Your car engine blows. Or your washing machine decides to die. Or maybe you had to make an emergency trip to the dentist. Whatever has happened, your weekly budget is ruined and you’re left scrambling for some spare cash. So, you find yourself trying to get your hands on fast cash loans for unemployed people or instant cash loan online. Well in that case, Nifty could be the answer!

We know that when these situations pop up, you need cash fast. This is where Nifty Loans can help. If you’re unemployed and receive Centrelink benefits, why not apply for one of our fast cash loans for unemployed Australians? Sound like it may help you out? Want to know more? Grab a cuppa and take a seat cause we’re going to give you all the deets!

Fast cash loans for unemployed people

These loans are handy little cash loans that you can apply for when you need some spare cash, fast. They’re hassle-free loans that you apply for online from the comfort of your own home. Say goodbye to long lines and the need to spend hours working on an application. Filling in our online application form can take just a few minutes out of your day. In next to no time you could be well on your way to getting the finance people you’ve been looking for.

What can fast cash loans for unemployed people be used for?

Personal loans can be used for a variety of different reasons. They’re designed to be super flexible and to cover all of life’s unexpected surprises. We know that when an emergency hits, you need cash fast. This can be a daunting prospect if you’re unemployed and receive Centrelink benefits, but we’re here to help. Take a look at just a few of the things our loans can be used for:

  • Car repairs;
  • Car registration;
  • Insurances;
  • Utility bills;
  • White goods;
  • New appliances;
  • Home repairs;
  • Home renovations;
  • New uniforms for the kids;
  • Dental costs;
  • Doctors bills;
  • Medical expenses;
  • Education costs;
  • University fees;
  • Holiday loans;
  • Flights and accommodation;
  • Childcare costs.

And many more! This is just the tip of the iceberg when it comes to the uses and flexibility of our fast cash loans for unemployed Australians!

What are your application Requirements?

Our application criteria is nice and simple so that you can check whether you can apply in a jiffy. We know that time is a luxury these days. We all have places to be and things to be doing, so we like to keep things nice and simple. With that in mind, we have just four simple application criteria that you need to meet before you can apply. Check whether you qualify here:

  • Be at least 18-years of age;
  • Be an Australian citizen or permanent resident;
  • Have been receiving a regular income into a personal bank account for at least the last 90 days (this includes Centrelink income!);
  • Have an email address and mobile phone.

Do you meet the above criteria? If you do, feel free to submit an application!

Let’s take a look at our application process.

Step one

Once you know whether you qualify or not, head up to the top of any page on our website. From there, enter the amount you’d like to apply for into our handy loan calculator. Now select the length of your repayment terms and click ‘Apply Now’.

Step two

From here we’ll get you to fill out some contact and personal details, the reason for the loan, as well as your internet banking credentials so we can grab a read-only copy of your bank statements. We’ll also require your employment details or your MyGov account information if you receive Centrelink.

Fill in the rest of the application and that’s it! You don’t need to sift through pages of paper bank statements because we’ll do it all for you! Don’t worry, we’ve got you covered. Hit the submit button, sit back and relax and we’ll get back to you as soon as possible!

Step three

Has your application been approved? Congratulations and welcome to the family! If you are approved, your loan contract will be emailed to you to have a good read over. If you’re happy with the loan terms you’ve been offered, go ahead and sign your digital contract and get it back to us. Once your contract has been signed we can then release your funds to you with the next round of banking. Access to funds is dependent on your bank, but if you have an NPP enabled bank account, you can have your funds instantly!

Wondering about other funds transfer times?

If you don’t have an NPP enabled bank account, we will do an EFT payment. Once transferred, we find that your funds should be available in your account by the following business day at the very latest. Depending on who you bank with, they may even be available for you that evening! If you have any questions about funds processing times feel free to give our friendly customer service experts a call.

How much do fast cash loans for unemployed people cost?

We have three different kinds of loans available. These are small amount unsecured loans (SACCs), medium amount secured loans (MACCs) and large amount secured loans (LACCs). Take a look at the following aspects of each loan type to see which is best suited to your needs. For each of our loan types, you can find some examples of the basic costs at the bottom of this page.

  • Small amount unsecured loan, $300 – $2,000:
  • Medium amount secured loan, $2,001 – $4,600:
  • Large amount secured loan, $5,000:

Depending on what type of loan you apply for, other fees and charges may be payable. You may be charged additional fees if you miss a repayment or default on your contract. All additional payable fees and charges will be clearly outlined in your loan contract. If you have further questions regarding the fees and charges associated with your loan, please get in contact with our friendly team of loan experts.

Yes, people receiving most Centrelink benefits can apply for fast cash loans for unemployed! We’re here to help you out, not make things more difficult for you when you need some spare cash. We know how difficult it can be. An expense pops up so you submit a loan application to a traditional lender in the hopes that they’ll help you. However, they take one look at your application and instantly knock you back, purely for being unemployed and receiving Centrelink! We don’t think this is very fair. Everyone deserves a shot at getting a bit of a helping hand.

We want everyone to have that chance at getting the spare cash they need. Whether working or receiving Centrelink benefits, we’re happy to help if we can. We won’t automatically knock you back for receiving Centrelink benefits, rather we’ll work with you to see if there’s any way we can help! That’s not to say we guarantee approval. We are responsible lenders and obviously still need to do an assessment and make sure the loan is affordable.

Don’t let bad credit hold you back

Bad credit can seem like a never-ending black hole that you just can’t pull yourself out of. We understand. It can be hard when traditional lenders take one look at your credit score and judge you on something that may have happened years ago! But, bad credit doesn’t have to be the end of the world. Here at Nifty Loans, we know that not everyone is going to have the squeaky clean credit history that traditional lenders demand. We know that life can throw lemons when you least expect it. And, sometimes those lemons can affect your finances.

Here at Nifty Loans we won’t just knock you back for a bit of bad credit history. We’ll have a good look at your application and take a look at other contributing factors as well. Our assessments are thorough and will take into consideration all aspects of your application, not just bad credit. So, don’t let that bad credit stop you from submitting an application for fast cash loans for unemployed. We’ll give you the fair go you deserve.

Credit checks don’t have to be the enemy

Here at Nifty Loans we do conduct credit checks on all applications. Don’t let this stop you from applying though. Credit checks are not the only thing we take a look at when we assess your application. Credit checks are a part of responsible lending practices, but they are by no means the be all and end all of your application. So, don’t panic, there is hope yet.

This is why those bank statements that we requested are so important. Bank statements are a great way to get a good overall snapshot of your finances and see how you’re currently handling your money and commitments. If our assessment team can see that you’re handling your finances well and are making your repayments on time, they may be able to help you out with a loan, even if you do have a bit of bad credit history showing up on your credit file.

So, why not see if Nifty Loans can help you out with 24/7 loans for unemployed people? You never know what may happen if you submit an application.

Repayments are simple and effortless

When you’ve got a few different repayments or commitments coming out of your account, it can be difficult to remember what repayments are due on what day. Nifty Loans aims to make it just a little bit easier for you. We set up a direct debit repayment to be deducted from your account, usually in line with your payday. This means that you won’t have to lift a finger to make your repayments. All you need to do is ensure you keep the funds available in your account. They will come out of your account automatically until your loan has been successfully repaid. Once your loan has been fully repaid, your repayments will then automatically stop. How easy is that!?

We’re all about convenience and ease of service. Let us do all the hard work for you while you get back to living your best life. No need to worry about remembering to make your repayments, just easy direct debits that are sorted from the very beginning.

Accepted Payments for Fast Cash Loans for Unemployed

Loan Types Payment Types Accepted
Cash Loans Careers Payment
Unemployed loans Family Tax Benefit A
Fast Loans Age Pension
Bad Credit Loans Family Tax Benefit B

The Nifty Loans difference

Here at Nifty Loans we know just how hard it can be trying to find a bit of spare cash when you’re unemployed. With this in mind. We want everyone to have a fair chance at getting the cash they need, fast.

If you’re looking for finance, Nifty Loans is the way to go. Did you know that we also offer other types of loans as well? Yes, that’s right! Looking for bad credit loans, travel cost loans or Fiji holiday loans? We can help! Submit an application now and you could have an answer super fast.

Want to keep up to date with what Nifty Loans is up to? Great! Head on over to our Facebook or take a look at our blog for the latest tips and tricks in the Fintech industry!

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Best CashLoans For Unemployed Australians

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