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Car Repair Loans

In 2018, the average amount our customers borrowed for vehicle maintenance was $768.

When the car breaks down and you’re left stranded, it can be an incredibly stressful time. Unexpected car repairs can take up so much time, and even worse, so much money! No-one can plan for this unexpected cost but when you need funds quickly, you can approach the right people to get you back on the road.

We consistently see vehicle costs as a highly ranked reason for our customers needing a Nimble Loan. Our customers know they can trust us to get them back on the road as soon as possible which is why we see them again and again.

What is a Car Repair Loan?

It’s pretty straightforward, as the name would lead you to believe! A Car Repair Loan is a loan that you receive in order to repair a vehicle. It is as an unsecured loan and is usually considered a short term loan.

The appeal of getting this type of loan is usually around speed. With Nimble, you can apply online easily and you could receive your money in just 60 minutes*. This means you can get straight to the garage and get your car fixed and ready to go as soon as possible.

How can I get a Car Repair Loan?

Getting your funds has never been easier, especially with Nimble. You may have an idea of the costs associated with the repairs required on your vehicle. If you don’t, it’s a good idea to get an estimate from a professional. Estimating will help you decide which type of loan is most suitable for your needs. At Nimble, we have two types of loans - a Small Nimble Loan and a Medium Nimble Loan. Below is an outline of each of the features and costs associated with each type of these loans.

Loan Feature Small Loan Medium Loan
Establishment Fee 20% of loan amount $400 fee
Loan Amount $300 - $2,000 $2,050 - $5,000
Costs 20% of loan amount + 4% of loan amount each month** Application fee of $400 + 47.6158% p.a. Comparison rate^: 65.6597% p.a.
Loan terms Loan terms 62 days to 4 months 62 days to 22 months
Timing Both Nimble Small and Nimble Medium Loans are offered with fast approval and funds transfer. You could receive your money within 60 minutes if your loan is confirmed before 4:30 pm on a banking day*.

^This comparison rate outlined on this page is based on our Medium Loan for an amount of $2,500 over 2 years and a $400 establishment fee.  WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Nimble does not offer loans for $2,500 over a term of 2 years.  **See our full Fee Statement for fee details. If you reschedule your repayments after you confirm your loan, additional fees and charges may apply.


WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Nimble does not offer loans for $2,500 over a term of 2 years.

**See our full Fee Statement for fee details. If you reschedule your repayments after you confirm your loan, additional fees and charges may apply.

The advantages of getting a Car Repair Loan with Nimble

There are so many advantages of lending with Nimble, and these are even more evident when something urgent comes along like needing to repair your car. We know that Car Repair Loans made easy are so important because a car, for many, is a highly ranked necessity. Without it, you lose independence and your valuable time, so we aim to give it back to you quickly.

Here are just some of the advantages of getting a Car Repair Loan with Nimble.

1. You’re not alone
An advantage of borrowing with us is comfort in knowing you are not alone – in fact, you’re in very good company with lots of fellow Aussies. Throughout all of 2017 and 2018, one of the popular reasons people borrowed a loan with us was because of car issues. What does this tell us? People trust us to get funds to them quickly when it matters most.

2. We’re pretty great
We don’t mean to gloat, but we’ve designed our lending service to be super easy and we’re so proud of it. When you borrow from Nimble, most of the time you won’t need to speak to any humans. With that said, we have plenty of those at Nimble. Our customer service team are awesome and based right here in Australia, so if you want to talk to someone, you can.

There’s no need to physically sign documents or transfer them, and everything happens online. We’re built on technology for speed; we’ve removed the hard obstacles and made everything very straightforward.

3. We’re speedy
We know that borrowing funds to fix a car means that you have no time to wait around. Both Nimble Small Loans and Nimble Medium loans are offers with fast funds transfers once approved. Your funds could be with you in under 60 minutes* and this time is significantly reduced if you are a CommBank customer.

Top tips for getting on the road again

In order to get you back on the road quickly, we have some top tips that should help speed things up.

1. Get a quote or an estimate
Doing so will help you budget and understand what you need to borrow. You won’t end up borrowing too much or not enough, and you’ll be well on your way to comfortably paying your loan back.

2. Plan & plan some more
One of the most annoying things about taking your car to get repaired is transporting it there and transporting yourself back. If your car is not fit for the road, you’ll need a tow. Consider the cost of this when planning. Tow or no tow, you need to find a way back so check the best public transport routes or call on a partner, friend or family member to help you out.

3. Smile
It’s annoying and frustrating and causes much unrequired stress, but it’s not the end of he world. The likelihood is that it will get fixed in a short time and you’ll be on the road again soon. Nimble is here to help when you need it most, which is why we offer a simple, straightforward and stress-free solution.

*Commbank customers are transferred funds within minutes of confirming their loan, 24/7. Customers of other banks or financial institutions, generally have funds transferred within 60 minutes of signing their loan contract between 9:00 am and 4:30 pm AEST on business days. Clearance times are subject to your bank.

What are you waiting for?

FAQs

Can I get a Nimble cash loan if I am on Centrelink?

Being on Centrelink does not automatically rule you out of eligibility when it comes to applying for a short term cash loan. To be eligible for a Nimble loan, you do need to be working though. If you're dependent on Centrelink benefits, we will review your application to see if a Nimble loan is right for you.

Can I get a Nimble cash loan if I have a bad credit history?

Depending on your circumstances or even if you have bad credit or a default on your file, you may still be eligible for a Nimble loan.

We take many factors into consideration when we assess your loan application, including your current situation, whether you are steadily employed and what other money you owe.

We understand your past may not be who you are today so if you have a black mark on your credit history, we may still be able to help.

Are there any hidden costs?

Our costs are crystal clear. Everything you need to know about Nimble cash loans is in plain English and big print. You know upfront exactly what the costs are and there are no sneaky, hidden fees to worry about.

Transparency is one of our core values, and we want you to be 100% confident that you've made the right choice when you apply for a fast cash loan from Nimble.

Feel free to reach out if you have any questions and call us on 133 156, or connect via email - customercare@nimble.com.au

Lending criteria, fees, terms and conditions apply. Commbank and existing Nimble Visa Prepaid Card customers are transferred funds within minutes of confirming their loan, 24/7. Customers of other banks or financial institutions, generally have funds transferred within 60 minutes of signing their loan contract between 9:00am and 4:30pm AEST on business days. Clearance times are subject to your bank. close

Approved borrowers may be eligible for a loan from $300 and up to $5,000. Lending criteria, suitability checks, terms and fees apply. close