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What to expect when applying for a
Nimble secured Car Loan

Nimble Secured Car Loan

About Nimble


What is a secured car loan?

At Nimble, our secured car loan is pretty straight forward. Getting a secured car loan with us means we have security over your new car. This means that if something were to happen and you couldn't repay the loan we maybe able to sell your car to recover what you owe. What's the advantage of a secured car loan for you? Security can help to make a loan less risky for the lender and in turn, this means you might be able to get a lower interest rate than other loan types.

Am I eligible for a secured car loan with Nimble?

At Nimble, we have some eligibility criteria that we ask you to meet for a secured car loan.  We've outlined this below:

  • You must be an Australian citizen or permanent resident, who is over 18 years old and currently employed

  • You must meet the Nimble credit lending criteria 

  • You must have an Australian driver's licence or an Australian passport

  • You need your bank login details - so that you can securely log in to your bank and allow us to verify your income & expenses

  • You need a mobile phone - we'll send you a text for verification purposes

  • No more than 50% of income from Centrelink

How long until I receive my funds?

You don't receive the funds for your car loan - your vendor receives them directly from us. This saves time and resources - making things easier for you and empowering you to potentially drive away on the same day. Once your loan application is approved and finalised, the vendor could receive the funds in 60 mins once confirmed*.

How do I apply for a secured car loan?

At Nimble, our applications are always easy, straightforward and uncomplicated. You can apply for a Nimble Secured Car Loan even if you haven't found a car yet - because we believe in making things easy for you. Our smart tech makes the application a breeze. You can upload your roadworthy, comprehensive insurance and all relevant documents to the application from your mobile. We'll make a decision quickly, even on the weekend. This means you won't hang around waiting for your wheels and you could drive away that day!

Can I pay my car loan out early?

It's simple! You may make additional payments to prepay all or part of the balance at any time. If you prepay part of the balance early, the amount of the repayments set out in your loan offer and their due dates remain unchanged unless we agree to change the repayments. If you prepay the entire balance, you must also pay us any accrued interest, fees and charges not yet debited to your loan account, enforcement expenses and any applicable early repayment fee set out in the loan offer. See fee statement for more information.

When do I get a decision on my application?

We make a commitment to you on fast decisioning. Because our smart tech allows you to upload all relevant documents to the application from your mobile - we can commit to getting you an answer quickly. Once you get a decision, the speed continues - your vendor could receive funds in 60 mins once confirmed*. This means, with our smart tech, you could apply for a car loan and drive away that day!

How long can you go on a car loan?

On a Nimble secured car loan, the minimum loan term is 6 months and the maximum loan term is 84 months.

How much can I borrow?

On a Nimble secured car loan, the minimum loan amount is $5,000 and the maximum loan amount is $50,000.

Why have I been declined?

Unfortunately, there isn't a straight answer to this question. There isn't a  “one size fits all” reason for not making it through our application. Every application is different and we're sorry if you weren't successful this time but if your circumstances change, please feel free to apply again.

What if I miss a payment?

There are costs associated with missing a payment. This will lead to us charging a late fee and a dishonour fee which will be outlined in your loan offer.  Please see here the Nimble secured car loan fee statement for more information.

What do you mean by “Personal use only” for my car loan?

Personal use only means that the vehicle is not to be used for business purposes.

Lending criteria, fees, terms and conditions apply. Commbank and existing Nimble Visa Prepaid Card customers are transferred funds within minutes of confirming their loan, 24/7. Customers of other banks or financial institutions, generally have funds transferred within 60 minutes of signing their loan contract between 9:00am and 4:30pm AEST on business days. Clearance times are subject to your bank.


Lending criteria, fees, terms and conditions apply. Funds will generally be transferred within 60 minutes of the loan contract being signed between 9:00 am and 4:30 pm AEST on business days. Clearance times are subject to the sellers bank.


This fee covers the cost of setting up your loan. It is added to your loan amount, and paid off with the loan.***


Payable if an amount due is not received within 5 days of the due date and then every 30 days until the payment is received in full.


Payable each time a payment to us under your direct debit or other payment authority is dishonoured.


Payable each time you request us to vary your loan (e.g. term extension or change to the repayments).


Payable when the loan term is greater than 2 years but the loan is paid out in full in less than 2 years.


Payable for each copy of any document you request.