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Holiday Loans

In 2018, the average amount we lent for people to upgrade to their dream holiday was $1,081. Where would you go with this money?

So it doesn’t take a rocket scientist to say holidays, on the whole, make us feel good. How could they not? It’s prime time to switch off, relax, and enjoy your well-earned time off. But here’s one you may not know yet – one of the longest studies in the world has found that holidays can actually prolong your life. YES, taking a holiday could make you live longer. If you need to get away on an amazing adventure, simply apply here and get a Nimble Loan within 60 minutes once approved*.

Taking time off and enjoying your leave is a highlight for many of us on an annual basis. But as most of us know, it comes with a price tag. To help manage the stress of holiday planning, many people opt for a Holiday Loan. It makes sense for some who prioritise the need to de-stress and enjoy time with their loved ones.

What is a Holiday Loan?

As the name implies, it’s pretty straightforward. A Holiday Loan is a loan to help cover the costs related to going on a holiday. This can be anything from flights, accommodation or money to spend when you arrive in your chosen destination. It’s a pretty great way to make sure you make the most of your time off, whatever you choose to do.

And like all things Nimble, a Holiday Loan with us is pretty easy and straightforward.

Types of Holiday Loans

At Nimble, we offer two types of loans to help cover the costs of your trip. It’s a good idea to take a look at the features of each of these loan types, so you can better understand exactly what is involved in terms of paying your loan back. At Nimble we’re very upfront about the costs associated with borrowing a loan from us because we know that lending today needs to be as easy and transparent as possible.

We know people like this because in 2018, our customers borrowed an average of $812 for airlines and/or accommodation related costs. We make lending easy so you can get on with the important things like packing.

We’ve outlined our loan features in the table below so you can understand how it all works.

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.

It’s a good idea to consider how much money you think you’ll need before applying for your loan. This way you can make sure you get what you need and you don’t borrow in excess. There are some other things to consider when applying for your loan, so you know:

  1. Your main source of income must not be Centrelink.
  2. You must be over 18 years and employed.
  3. You must have an active bank account with internet banking.

Top Tips for Holiday Loans

Thinking of securing a loan for your travel plans? We have some top tips to help you to best use your Holiday Loan.

Shop around
It sounds like pretty generic advice, but you should always shop around for the best deals when it comes to your holiday. There is more to the mad world of online holiday booking than you may realise. Lots of us use flight comparison tools, which are great. However, did you know that youth flight centres like STA travel and Student Flights do mega deals for under 30’s? In some cases, these brands cater for over 30’s too. You can drop them an email or give them a call and they come back to you with options. If you’re flexible on your dates and open to a few stops, you could end up saving some serious funds.

Get the right accommodation
We're not tied to hotels the way we used to be. In fact, once upon a time, hotels, B&B's and hostels were our only real forms of accommodation when going on holiday. Along came Airbnb and changed the game. You can get accommodation for cheaper in amazing locations all over the world.

It’s not just Airbnb that offer the opportunity to save money, it’s a good idea to look into local sites too. Take NZ for example – here bookabatch.co.nz (‘batch’ being the Kiwi slang word for holiday home) is a really popular site used by lots of Kiwis. Some of these sites provide plenty of local choice at great prices.

Plan your holiday finances
Budgeting is not exactly a thrilling activity, especially when leading up to your holiday. You probably have way more important things to do e.g. packing for you, packing for your partner, packing for your kids (the packing is never-ending). However, budgeting for your holiday is such a good idea because it means you can be prepared. Setting a daily estimate for food, entertainment, mobile data and setting aside an emergency fund can serve you well when travelling. It’s a good idea to think about post travelling too, paying off your Holiday Loan and planning to make things work financially post-holiday is all better planned in advance.

Thinking about leaving on a jet plane? We don’t blame you! Whether you’re hitting the snow or off to the sunshine, a Nimble Loan can help with meeting the financial demands of holidaying. It’s easy, straightforward and with no roadblocks in your way you can get your holiday funds deposited into your bank within 60 minutes*.

*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