What is a payday loan lender?

A payday loan lender is a company that lends small amounts of money for an agreed amount of time to customers. For a payday loan lender to be responsible, they should check your age, employment status and financial situation - this way they will know the amount suitable to lend to you and the period of time that will best your requirements. 

Before you apply with any payday loan lender, you should consider their reputation. A great way to do this is by visiting a platform like Product Review. Any good payday loan lender will have reviews of their services. You should be considering factors like ease of use and transparency as a primary concern, as well as customer service experience. These things will tell you a lot about the type of company you are dealing with, and doing this little bit of investigation upfront can save you lots of trouble later down the line. 

At Nimble, we have been lending money in this space since 2004. Over that time, we’ve granted over 1.5 million loans to Australians who found themselves in a difficult situation. We’re trusted time and time again because we always deliver on speed and our promise of easy application. We lend funds to you via our online application and make everything as easy as possible - we remove the traditional barriers that come with lending.

In terms of how Nimble works - here’s a quick 3 step summary.

1. The application is simple and 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 above, you’ll get a decision.

3. If you're approved, get paid within 60 minutes of confirming your loan when 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.*

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