How to get a cash loan with bad credit?

The process for getting a cash loan, for the most part, is the same for everyone. Responsible lenders may carry out a credit check, and if you have bad credit this doesn’t mean you will not be eligible for a loan.

At Nimble, we may check your credit history but we also consider your employment status and your recent income and expenses. We consider your credit history, but it is possible to receive a cash loan with a bad credit history.

Regardless of your credit score, you will need to apply and follow the same application process as other customers. Since we began in 2005, we’ve granted 1.5 million loans to your fellow Australians. We made borrowing easier for our customers, and they kept coming back time and time again. We removed heavy amounts of paperwork and cumbersome complicated processes in favour of simplicity and ease of use for all.  

Here’s a breakdown of how to apply for a cash loan with Nimble:

1. The application is straightforward and it all happens online. You can apply on the go, or from your home from any device – mobile, laptop or tablet. 

2. Following the application, you’ll get a decision.

3. If you're approved, you can be paid within 60 minutes if you confirm your loan by 4:30 pm AEST during banking days. Depending on your bank, you may be paid within minutes of confirming your loan 7 days a week, including public holidays. 

When something unexpected happens or when you just can’t make your budget work for whatever reason, a fast cash loan can help make ends meet as an interim solution. At Nimble, we can help you to get the funds you need when you need it most – it might be an unexpected home repair or funds to help with the cost of a wedding. Whatever the need, Nimble can help you 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.

*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 your bank.

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