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Compare Nimble Loans

Comparison is the key to successfully securing the right Nimble Loan for you. You wouldn’t purchase health insurance or invest in a big buy e.g. a car without creating some form of comparison, right? Your Nimble Loan shouldn’t be any different. It’s simple really – you need to compare your Nimble Loan because you need to be certain that it’s the right one for you.

The good news is we’ve done the hard yards for you (we’re nice like that). Check out the “Compare Nimble Loans” table below. We look at the different loan features between a Small Nimble Loan and a Medium Nimble Loan. This overview acts as a guide to help you understand the way the Nimble Small Loan and Nimble Medium Loan work and the costs involved in both. Both these loans are used for a number of different reasons. For example, in 2018, the average amount we lent was $812 and people used us for a range of things from booking their dream holiday to emergency repairs on their home.

Just as an FYI - we ask you to remember your loan options may look a little different due to a number of factors. However, in general, this nifty table will help you out when deciding what is the best and most suitable loan option for you.

Compare Nimble 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.

There are other important things to consider when it comes to your Nimble Loan, and we have some rules that always apply for both Small and Medium Nimble loans.

So you know:

  • You must be over 18 years and employed
  • You must have an active bank account
  • Your main source of income must not be Centrelink

Some of the reasons to get a Cash Loan

Car Repair Loans

Holiday Loans

Long term Loans

Wedding Loans

Student Loans

Short Term Loans

Fast Loans

Cash Loans

Quick Loans

Personal Loans

Online Loans

Payday Loans

Small Loans

What are the benefits of a Small Cash Loan?

A Small Cash Loan can help you out with the little things you just didn’t anticipate. In terms of how it works, like all things Nimble it’s quite straight forward. The Small Loan amounts range from $300 to $2,000 and the maximum loan term is 62 days to four months. The benefits of a small cash loan are pretty great when it comes to Nimble Loans.

  • Our Small Cash Loans, like our Medium Cash Loans, are super speedy! We offer fast approval and funds transfer.* You could receive your small loan within 60 minutes if your loan is confirmed before 4:30 pm on a banking day.
  • We’ve been around for some time now. We’ve has been providing short term loans since 2005 - we’re experts in the Small Loan lending business. Customer care is our top priority. We are easy to contact and our call centre is based in Australia so we’re always here if you need help with your Nimble Loan.
  • Small Cash Loans can be easy to manage, especially with the Nimble Member Area. You can log in to check on your loan status, find out when your payments are due and keep an eye on your payment plan.

What are the benefits of a Medium Cash Loan?

A Medium Cash Loan can help you out when bigger unexpected costs come along. A Nimble Medium loan works a little bit different to a Nimble Small Loan. If you apply and are approved for Nimble’s Medium Loan, you’ll have access to some different features:

  • Unsurprisingly, you’ll have access to a larger loan amount. The Nimble Medium Loan allows you to apply for between $2,050 and $5,000.
  • As you’re now borrowing larger amounts, you’ll have a longer repayment term. Like the small loan, you can select repayments to meet your budget. However, we have terms available for up to 22 months.
  • Whilst some things are different, our customer care plan remains the same. You’ll have access to your Member Area where you can log in to manage your loan and keep up to date with your repayment plan.

Which loan is right for your needs?

It’s a good idea to sit down and have a good look at this table and think about how each loan may or may not meet the demands of the reason you need a loan. In order to effectively compare Nimble Loans and decide which one is right for you, you should have a solid understanding of what you need your loan for. For example, if you need your loan for a couple of smaller things you might imagine that you need a Small Loan. However, these little things add up and that on top of your outgoings could mean that you would actually be more suited to a Nimble Medium Loan. In the same way, you might think a Nimble Medium loan is the best solution but, in reality, you could borrow a smaller amount of money and utilise your expected income.

Why not sit down and do some calculations - open an excel sheet or even do it the old fashioned way and put pen to paper. A cost approximation and a timeline will help when you compare Nimble loans. This might take an hour or so but it will allow you to have a realistic view of your financial requirements and in turn, will allow you to apply for the right Nimble loan.

If you’re still not sure about what Nimble loan is right for you, don’t worry – we’re here to help. You can use the tools within the Nimble site to figure out how long you want to borrow for, and how much you can borrow over this period. We’ll let you know if we think that’s a good idea and, if not, we’ll come back with a suggestion. We do this because we’re responsible lenders and we want your Nimble loan to be right for your needs.

*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