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Personal Loans

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.

When it comes to the business of loaning funds, it’s good to be in the know. Most people have a fair understanding of Personal Loans but it’s not an immediately obvious term for everyone. For example, most other loans are relatively self-explanatory - Home Loans are for Mortgages, Car Loans are for that snazzy new vehicle you just purchased and Student Loans account for those 3 or so years you spent receiving a university degree or other education certification. But what is a Personal Loan and when do we need it?

Simply put, a Personal Loan is money that is borrowed over a period of 1 to 3 years and is repaid (usually) in small instalments. When it comes to Personal Loans, lender rates vary and so does the fixed monthly payment schedule.

So now that we know how it works, what about the reasons people take out Personal Loans? Well, Personal Loan is a bit of an umbrella term used to cover many different reasons for the purpose of the loan. Common reasons people take out a Personal Loan vary.

How can I get a Nimble Personal Loan

Getting a Personal Loan from Nimble is relatively easy. You apply online with no need to physically sign off paperwork, send documents, or talk on the phone to anyone (although we’re always here if you need to chat about your loan application, sometimes we’ll call you on rare occasions to clarify details in special circumstances). Our application process is designed with your needs in mind. When it comes to a Personal Loan, we know that personalisation and speed are key. When you apply for a Personal Loan with Nimble, you will be asked how much money you’d like to borrow and for how long. This way, your Personal Loan is designed to meet your needs.

There are some things you need to know before applying for your loan, as we will only lend a Personal Loan to people who;

  1. Are over 18 years and employed
  2. Have an active bank account
  3. Do not consider Centrelink to be their main source of income.

Like all responsible money lenders, we do check your credit report. But don’t worry if you have a history of bad credit, this does not necessarily mean you won’t qualify for a Personal Loan. We also look at your recent financial history in order to understand your current financial situation. We know that a bad credit mark from many years ago isn’t necessarily a reflection of your current financial situation.

What are the benefits of a Personal Loan from Nimble

There are so many benefits to getting a Nimble Personal Loan. We’ve been lending Personal Loans since 2005 and we’re passionate about security, efficiency and speed. Nimble was born from the idea that the Personal Loan industry needed to be more...well...nimble.

Here are just a few of the benefits of a Personal Loan from Nimble:

1. Personal Loans from Nimble are EASY
In today’s fast-paced world - your time is incredibly valuable and we recognise this. For this reason, we designed our Personal Loan application process to be as straightforward as possible. There are no humans involved when we don’t process things manually (unless, of course, you want to speak to someone - in which case you can absolutely give us a call). Your Personal Loan is our priority so we remove all the obstacles and heavy-duty work you’d normally associate with lending funds such as printing off payslips and making an appointment to sign your paperwork.

2. We offer fast Personal Loans
Both Nimble Small Loans 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. 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.

3. Personal Loans that don’t compromise on your security
As with everything finance - your Personal Loan application security is airtight with Nimble. You’ll note our McAfee logo when you start your Nimble Personal Loan application. This logo means that we are a secure website.

Choosing your Personal Loan type

At Nimble, we offer two types of Personal Loan options. The Nimble Small Loan and the Nimble Medium Loan. The nature of your Personal Loan will depend on which type of Personal Loan you will apply for. Some Personal Loans will require a higher loan amount with a longer loan term and others will be smaller with a short loan term. It’s important to have a cost approximation of what you’ll need the Personal Loan for in order to best understand which Personal Loan option is best for you,

Personal Loan one - The Nimble Small Loan

With the Nimble Small Loan, you can apply for $300 to $2,000 and the loan term ranges from 62 days to four months. Lots of people get small loans to help out with those little things that you didn’t anticipate, this might be something like an unexpected car repair.

Personal Loan two - The Nimble Medium Loan

With the Medium Nimble Loans, things work a little bit differently. As you would expect, you can borrow more funds - between $2,050 - $5,000. Common reasons for borrowing a Personal Loan of this size are things like dental or medical costs. And you can take up to 22 months to repay your Nimble Medium Loan. You can get more information on comparing Nimble loans HERE.

Whatever your reasons for getting a Personal Loan, Nimble can help. We’re dedicated to making sure your Personal Loan is the right one for you, and ensuring you have access to your funds as quickly and as securely as possible. Getting a Personal Loan doesn’t need to be a long and difficult process – at Nimble, we’re committed to making things easier for you.

*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