Can you be arrested for not paying a payday loan?

No, you cannot be arrested for defaulting on a payday loan. However, not paying a loan means that you can experience fees and interest rates that you would not have occurred otherwise. 

At Nimble, we understand that people fall into hard times and we do everything we can to work with you to ensure your repayments are met. We do this by making sure that your loan is suitable for you to begin with - and this begins with your application. Here’s how it works.

You can access your loan application from any device - mobile, tablet or laptop. When we start, we’ll ask you the usual things like your name, address, phone numbers, and employment details. You'll also need to tell us your BSB and bank account number - so we can verify your financial situation and know where to pay you if you're approved. We check with you on how much you want to borrow and for how long; this way we are offering you more control, and this should mean you will make your agreed repayment plan. 

However, we also recognise that people can encounter difficulties along the way. We do our best to rework repayment plans to help our customers and, if you know that this may be the case for you,  we ask that you call us and give us time to make a plan with you. Members who are facing long term or short term financial difficulties which have affected their ability to repay their current loan can apply for Financial Hardship.

If you believe you won't have sufficient funds in your bank account to cover your repayment, please contact us immediately by calling 133 156 (during business hours) to stop the direct debit. By advising us ahead of time, you may avoid the payment dishonour fees.

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