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Nifty Loans

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Nifty Loans are short-term online loans that provide you with credit ranging from R500 to a maximum of R12 000, with significantly longer payback terms of up to 12 months.

This is far longer than some of its competitors, and the loan amount is significantly greater than the typical R2 500 offered by most online cash lenders.

Nifty was originally known as Getbucks before rebranding to its present name Nifty Finance. It has been in the sector for several years and has established a strong reputation in the South African market.

One of the many benefits of utilizing Nifty is that they give the borrower complete choice over how much money they want to borrow and how long they want to borrow it for.

Their web sliders are not only creative, but also highly user friendly and simple to use, allowing anybody to utilize them without difficulty.

Existing Nifty clients who have established a strong connection with them by borrowing and repaying their loans on time are given the chance to borrow considerably larger loan amounts of up to R12 000 as well as a much longer payback period.

They are available six days a week, Monday through Saturday, and their courteous advisors are ready to assist you with any inquiries or concerns you may have about their loans.

How Nifty Loans Work

The application procedure for Nifty Loans is simple and user-friendly; all you need to do is go to their website, www.getbucks.com, and on the front page, you will discover sliders that you can use to determine how much money you want to borrow and when you believe you will be able to return it.

After you’ve determined that information, you can simply enter it, and it will automatically compute the loan amount and interest rate, as well as offer you a number for the total amount you’ll have to pay back.

If you are satisfied with the amount, the next step is to finish the application process by providing your personal information such as your name, identification number, mobile phone number, banking information, employment information, and so on.

They will also ask you to provide supporting papers through email to gain access to the credit facility, and after the application is finished and accepted, the funds will be paid straight into your bank account nearly immediately.

Unlike some of its rivals, such as Wonga and Boodle, it offers a higher credit limit of R12 000 and a longer payback duration of up to 12 months, making it a better alternative for individuals seeking rapid access to short-term loans.

APR / Interest and Associated Fees

Minimum Annual Percentage Rate (APR): 24.5 percent Maximum Annual Percentage Rate (APR): 60%. The loan must be for a minimum of three months. The maximum loan term is twelve months.

An illustration example of a loan is:

If you take out a R15 000 loan with an Annual Percentage Rate (APR) of 24.50 percent and total interest and fees of R5065.10 (including all interest, fees, VAT, and credit life insurance) would culminate in a monthly repayment of R1672.09 and a complete cost of borrowing of R20065.10.

Nifty Loans Application Requirements

To qualify for Nifty Loans, the applicant must be above the age of 18, have a South African Identity Document, an active mobile phone and email address, and an active bank account into which the money would be transferred, and repayments deducted.

Because these loans are subject to credit checks and are governed by the National Credit Act, all information submitted during the application process must be true and correct.

How long does GetBucks/ Nifty take to pay out?

When you lodge in your application and receive your approval, Nifty will pay out the loan into your bank account directly within 24 hours.

Credit Insurance

Nifty Loans include customized credit insurance that protects you and your family in the case of unforeseen situations such as layoff, incapacity, or death, which may force you to cease making payments.

Nifty Loans Contact Details

Those interested in applying for Nifty Loans can go to their website, www.niftycredit.co.za, and complete out the required information.

The Wedge, 1st Floor
43 Garsfontein Road, Waterkloof,
Pretoria, 0145
T: +27 12 045 0606
E: info@niftycredit.co.za
NB: Visit Loan Calculator Page