Financial Wellness

How do I qualify for
a nifty online loan?

At nifty we offer quick and easy online loans to people in need of credit in a hurry. Nifty, powered by smartadvance, a responsible lender that adheres to a strict lending code, as set by the National Credit Regulator (NCR). Borrowers have to adhere to certain basic requirements to qualify for a short term loan.

You have to be between the age of 18 and 65 years old

Why? Well, if you are under 18, the law recognises you as a minor and you aren’t allowed to enter into contracts, therefore you can’t apply for a loan yet. If you are over 65, chances are that you aren’t working anymore, and you might be in serious financial stress. Unfortunately, pensions usually don’t keep up with inflation which means that taking out a loan might place you under more serious financial stress.

You have to be permanently employed

If you earn commission, are self-employed or have a temporary job, then you don’t have a consistent monthly income. Giving credit to someone with an inconsistent income can be a recipe for disaster, for both the borrower and the lender. The borrower could have a harder time to repay this debt and the amount owed will incur penalty fees and interest.

You have to receive your salary in a bank account

Your nifty loan will be depositedinto your personal bank account and debit the agreed amount due via debit order. Therefore, you need to have a valid and active South African bank account.

You need a valid email address and cell phone number

Your email address is needed during the online application process and we need your cell phone number so that we have more than one way to get in touch with you.

You have to reside and work in South Africa

Because non South African citizens aren’t allowed to accumulate debt in South Africa, South African credit providers aren’t allowed to make debit orders against foreign accounts.

You have to pass our credit check

nifty does a quick assessment of your credit history to determine if you can afford to pay back a loan. If you are under administration or debt review, you are automatically disqualified. If your credit rating is less than perfect, we will treat your case individually to see if you might still qualify and see where we can help.

About nifty
nifty is powered by smaartadvance, a registered credit provider with operations across Africa. Part of the Finclusion Group, nifty uses Artificial intelligence and machine learning to extend credit to customers quickly and simply.It is our goal to help everyone achieve financial health by providing you access to your credit score when you need it, an online overdraft when times are tough, and the educational tools to enlighten and guide you. Through a brand that people trust, a product that is easy to use, state of the art technology and customer insight, we strive to provide a unique experience that helps people take you on a journey of financial health and growth.