How to get a cash loan for a house

Getting a cash loan to help out with your house renovations, repairs or even a new decor is easy! These days, cash loan applications mostly happen online and don’t require lengthy paperwork and lots of work. However, whatever your cash loan needs, you should do some homework before deciding on a lender.

The most important things to do when looking for a cash loan is clarity of fees. You need to find a company that is upfront about all their costs so you can have a clear idea of everything that is involved. Getting a cash loan for a house can be complicated, so be sure you have all the correct information.

Below is a breakdown of the costs associated with a Nimble loan:

Nimble Small Loan

For our Small 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 example, a loan of $1,000 repaid over 3 months equates to a total amount payable of $1,320 composed of $1,000 principal (amount borrowed), $200 establishment fee, and $120 in monthly fees.

Nimble Medium Loan

For our Medium 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. A Medium Loan of $3,000 borrowed over 1 year would equate to a total amount payable of $4,289 (including a $400 establishment fee). 

This comparison rate is based on a Medium Loan of $2,500 for an amount over 2 years and a $400 establishment fee.

WARNING: This comparison rate applies only to the example or examples given and may not include all fees and charges. Different amounts and terms will result in different comparison rates. The comparison rate examples are legally prescribed and Nimble may not offer loans for these amounts and terms.

Applying for a cash loan is easy once you have made a decision on the type of loan that is most suitable for your needs. With Nimble, you can simply apply online and you’ll get a decision quickly.

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