How is interest calculated on Nimble Medium Loans?

A Nimble Medium Loan is a loan where the principal amount you borrow is between $2,001 and $5,000. Interest on a Nimble Medium Loan accrues daily on the outstanding balance of your loan, which includes the establishment fee.

  • The interest charged is based on the Annual Percentage Rate (APR) of 47.6158% p.a.

  • The comparison rate is 65.6597% p.a.**

The interest on a Nimble Medium Loan is compounded, which means that the interest charged will be added to the outstanding balance of your loan and will accrue interest at the same rate and in the same manner as the principal amount of your loan. Interest on your Medium Loan will be debited monthly in arrears.

**This comparison rate 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.