How to get a quick loan with bad credit?

Getting a quick loan with bad credit is possible. One way to do so would be to find a cash loan provider who looks beyond just a bad credit rating - for example a lender who will take into consideration when your bad credit rating was made, and compare that to your financial habits today.

At Nimble, your credit history is considered but is not the only factor we use when considering your suitability for a loan. We also look at your more recent financial history so that we can understand your financial situation today. We do this because we know that a black mark on your credit file from years ago does not necessarily represent your financial habits today. We want to know and understand your current situation so we can decipher how we are best placed to help you. 

Getting a quick loan when you need it most is a problem lots of people encounter at one point or another. Emergency situations occur and that can be anything from a car repair needed right through to work required in your house. Sometimes, these little (or large) things mean that we just can’t make our budget work and so we need help. That’s why Nimble exists - we were born from the idea that borrowing money needed to be easier for everyone in times when they needed it most. So, that’s just what we did. Since then (back in 2004), we’ve granted 1.5 million loans to your fellow Australians.

Bad credit does not necessarily mean you are not suitable for a Nimble loan. At Nimble, we consider a number of factors when it comes to your quick loan and one of those is your credit history. However, your credit history is not the sole decision-maker in your application. When something unexpected happens or when you just can’t make your budget work for whatever reason, a quick loan can help make ends meet as an interim solution. Nimble can help make that solution a reality.

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.

Nimble members who have previously borrowed and repaid one or more loans in full may be eligible to apply for up to $10,000 in their Member Area.

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 our 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 Personal 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.

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