Nimble's smart little loans explained
Your bank makes money when you make mistakes. They make money from confusion.
They like to lock you into borrowing more than you need, for longer than you need. There's very little transparency and the products are complex and structured around making money - not your needs.
Other short-term lenders aren't much better. They do things the old-school way.
Nimble is different.
It's designed to put you in control so you know exactly what's happening, and you stay out of trouble. It's for borrowing small amounts of money for a short time.
With Nimble it's impossible to get into long-term debt. For the very small minority of people who run into repayment difficulties, charges are frozen on the account after 45 days.
Our fresh approach to lending also means you don't waste time filling out paperwork, queuing, or bothering with meetings. There's no waiting around for someone to assess your application.
All you need to apply is a spare 5 minutes and internet access. Our smart technology does the rest.
Seconds after you hit the apply button, you'll get a fast decision and we'll show you the total cost of repayments - all in plain English and big print.
Then you'll be paid 60 minutes later.
Plus, the member benefits are pretty neat.
Within 3-4 days of your first loan, you'll find a Nimble card in your mailbox. It's your key to money in seconds, 24 hours a day, 7 days a week. You can trigger a smart little loan via Nimble Mobile, and the money is transferred onto your Nimble card in seconds. Yes, in seconds!
No one does things the way we do. We want you to have a great experience.
Here are some more reasons why a Nimble loan is your smartest option...
|Compare||Nimble Loan||Credit Card & Personal Loans|
|Ease of application||No documents. All online. Apply in minutes.||Lengthy documents and can take up to several days to arrange/be approved.|
|Amount. Do you really need that much?||If you need less than $1200 you can get exactly what you need. You don't have to borrow more than you require.||You often get far more than you really need, which can entice you into unnecessary spending. This equates to higher levels of interest.|
|Discipline - Repayment requirements||You are required to repay your scheduled repayment amount/s on your next payday/s within several weeks. Easy to remain disciplined.||It's too easy to repay the minimum payment for a credit card and delay paying the principal. Personal loans have set repayment times and these can run for years. Hard to remain disciplined.|
|Period of loan - How long are you in debt?||Repaid on your next payday or within several weeks. You have repaid the cash advance in full, you've solved your problem and you can get on with your life. There is no long-term debt.||Credit cards have no set term and the debt can go on and on for a very long time. People are tempted only to pay the minimum amount. There is no closure. Personal loans are a long term commitment.|
|Period of loan - How long are you in debt?||Repaid on your next payday or within several weeks. You have repaid the loan in full, you've jumped your hurdle, and you can get on with your life. There is no long-term debt.||Credit cards have no set term and the debt can go on and on for a very long time. People are tempted to pay only the minimum amount. There is no closure. Personal loans are a long-term commitment.|
|Costs||When expressed unfairly as an APR a Nimble loan looks expensive. But reasonable for a small, short-term loan — not unlike a taxi vs an air flight. Cost can be from $50 to $200 depending on amount and term. How much does it cost?||Because you often end up with more funds for longer than you need with a personal loan, or you maintain a high balance owing on your credit card, you can end up repaying thousands in interest over time.|
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