Our smart little loans ® are responsible because:
Nimble is designed to put you in control so you know exactly what's happening, and you stay out of trouble. We've assembled the finest mathematicians and software developers to build our clever technology. We take extra special care to lend you an amount that you can comfortably repay, and then it's over to you to adjust your repayments and schedule to fit your situation.
Traditional lenders like to lock you into borrowing more than you need, for longer than you need. Often they also make the repayments too big. With Nimble you choose your amount, then adjust the repayments if you need to, so it fits just right and you can repay it comfortably, then move on.
Our members are responsible, hard-working, employed Australians. They like to stay in control. Even when they're caught off guard when the unexpected happens ®, they're on top of things with the help of a Nimble loan.
We hold an Australian Credit Licence. The licence (no 386010) is issued by the Australian Securities and Investments Commission and means that we must comply with the National Consumer Credit Protection Act 2009 (Cth), including making sure we lend responsibly.
Before we assess that you are eligible for a Nimble loan, we'll make reasonable inquiries and verify your financial situation, and understand why you need a Nimble loan and your objectives. Based on the inquiries and verification that we've made, we won't offer you a Nimble loan if we believe it's unsuitable for you.
We comply with the law. Nimble has two products under the legislation called a 'small amount credit contract' (SACC) - this is our Small Loan; and a 'medium amount credit contract' (MACC) - this is our Medium Loan. For these loan products we're required to perform additional checks to help us assess whether or not a Nimble loan is suitable for you. Some of the checks that we do include:
- asking you about whether you have other SACCs and the status of those SACCs,
- verifying your income and expenses,
- reviewing 90 days of your bank transaction history,
- asking you about the purpose of your Nimble loan.
We're transparent. We show you a full breakdown of all your fees and repayments before you confirm your loan. There are no sneaky hidden fees to worry about and you can check out our Fee Statement here.