Can I get a payday loan without a bank account?

No. A bank account is required in order to deposit funds into your account. If you find a company that are willing to lend you cash, it is likely that this source is not a reputable one and you should take caution when dealing with these types of companies. A reputable and legitimate company will use your bank account to transfer funds and, if they do their due diligence, they will also look at your bank statements to best understand your current financial situation. 

When a company asks to look at your recent financial history via your bank statements, this is a good indication that they are practising responsible lending. Responsible lending works in both the favour of the lender and the customer. By evaluating your current financial situation a lender will know how much they can lend to you within reason, and you will be left with an achievable loan repayment plan. 

We do exactly the above at Nimble. We’ll ask you to log in to your bank and evaluate your recent finances whilst you are doing your online application. We also enable you to personalise your loan in the early phases of your application – we give you the power to decide how much you want to borrow and the period of time you would like to borrow for. All of this means that you are very much in control of your payday loan. 

Once we’ve evaluated your recent bank statements, we’ll come back to you fairly quickly with a decision. We’ll let you know if you’ve been successful and, if so, for how much and for how long. Your loan is paid directly into your bank account via bank transfer. Once your loan is confirmed, you’ll have the money in under an hour (if confirmed before 4.30pm AEST during banking days).* 

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.

Warning about borrowing