How to get a cash loan for a car

Getting a cash loan for a car, be it to purchase a car or for car repairs, is easy. There are specific types of loan for this type of lending – a secured car loan, or a cash loan. For most cash loans you can get up to around $5,000. 

Applying for a cash loan for your car is straightforward. Especially with a company like Nimble – we’ve built our application process to be straight forward, easy to use and quick. Many people use funds for situations that they just can’t make work. 

There are different types of loans available at Nimble, so here’s an overview of these loans:

 
Loan feature Small Loan Medium Loan
Establishment Fee 20% of loan amount  $400 fee
Loan amount $300 - $2,000 $2,050 - $5,000
Costs 20% of loan amount + 4% of the loan amount each month  Application fee of $400 + 47.6158% p.a. Comparison rate^: 65.6597% p.a.
Loan terms 62 days - 9 months depending on the loan amount 62 days to 22 months
Timing  Both Nimble Small and Nimble Medium Loans are offered with fast approval and funds transfer.* You could receive your money within 60 minutes if your loan is confirmed before 4:30pm on a banking day.
 
^This comparison rate outlined on this page is based on our Medium Loan for an amount of $2,500 over 2 years and a $400 establishment fee. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Nimble does not offer loans for $2,500 over a term of 2 years.
 
See our full Fee Statement for fee details. If you reschedule your repayments after you confirm your loan, additional fees and charges may apply.
When deciding to get a cash loan for a vehicle or vehicle-related expenses, it’s important to do your homework and be sure you understand the terms of your loan.
 
When deciding to get a cash loan for a vehicle or vehicle-related expenses, it’s important to do your homework and be sure you understand the terms of your loan.

The information on this website is general in nature and does not take into account your objectives, financial situation or needs. Terms, conditions, fees and charges apply, and are subject to change. Applications are subject to Nimble’s credit approval criteria. Redraw not available.

For our Small Personal Loans of $2,000 or less, an APR (Annual Percentage Rate) doesn't apply. These loans are fee-based only, and so they don't have an APR. The establishment fee is 20% of the amount borrowed and the monthly fee is 4% of the amount borrowed.

For our Medium Personal Loans between $2,050 and $5,000, the Annual Percentage Rate (APR) is 47.6158% (Comparison rate 65.6597% p.a.) and there is a $400 Establishment Fee. For our Medium Loans between $5,050 and $10,000, the Annual Percentage Rate (APR) is 47.6158% (Comparison rate 47.6158%) and there is no Establishment Fee. For our Medium Loans between $10,500 and $25,000, the Annual Percentage Rate (APR) is 29.99% (Comparison rate 29.99%) and there is no Establishment Fee.

Warning about borrowing