What time of day does the direct debit happen?

Most direct debits will happen first thing in the morning on the scheduled direct debit date.

Direct debits should be done by 10am, however, they can occur any time between 5am and midnight on the scheduled date, depending on who you bank with. Please also keep in mind that it normally takes around 2 business days for a direct debit to clear.

To help you stay organised, we'll also send you a reminder the day before repayments are due to come out of your account.

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.  

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