If you want a new kitchen or you’re seriously thinking about adding a pool to your backyard, you might be considering a renovation loan to help fund it. Let’s face it, major home renovations generally aren't cheap...even if you decide to roll up your sleeves and undertake much of the labour yourself. So, if you need extra money to fund your renovation Nimble can help.
Since 2005 we have been making it simple for Australians like you to get access to the funds you need when you need them – and we are on hand to help you too, especially when you are looking for a home renovation loan.
We know that traditional loans can be hard work. Long meetings, mountains of paperwork and so much proof to be provided, only to have to wait for days for a decision and even longer for the funds to arrive. We live in modern times, with software and technology that allows us to immediately stream a movie, buy dinner and even speak to someone on the other side of the globe with ease – so why shouldn’t a house renovation loan be as simple, as nimble?
We were the first to offer paperless applications way back in 2009. We started offering straight-through processing in 2011, making human interaction in the application unnecessary. We began making payments every day, including weekends and holidays. We can now offer payments in as little as 60 minutes* once confirmed. Everything we do is aimed at making the whole process smooth, simple, straightforward and hassle-free – so choosing Nimble for home renovation loans could be the best way to fund the house improvements you want to make.
When it comes to home renovation loans in Australia, the amount you need to borrow will depend entirely on what work you are doing. The amount you need to borrow will also inform which type of Nimble loan you should apply for, too.
Small and Medium Cash Loans are available for amounts between $300 - $5,000. To be eligible for one of these loans, you must be over 18, employed with no more than 50% of your income from Centrelink, and an Australian resident. These types might be suitable for a single room home renovation loan like an updated paint job or a new carpet.
You might be drawn to a Personal Loan¸ as this offers loans between $5,000 - $25,000. To qualify for a loan of this type, you must be over 18, be employed with an income of at least $50,000 p.a. before taxes and be free from bankruptcy for at least 5 years (from discharge). You also need to be an Australian citizen or permanent resident.
With a Personal Loan as a house renovation loan, you can borrow a larger amount and payback over a period of 12 months to 4 years, depending on circumstances. We charge an establishment fee for our Personal Loans; $195 for loans of $5,000 - $10,000 and $250 for loans of $11,000 - $25,000. In terms of interest, our rates are based on an APR of 8.99% - 29.99%** depending on circumstances.
For more information about the loan types on offer from Nimble, check out our handy Comparison Table that gives more detail.
If you meet the basic criteria for a loan from Nimble, we invite you to use our straightforward online process to apply for a loan. We will ask some questions about your personal circumstances, and then using our smart and safe technology we can assess your suitability for a loan, and your affordability for repayments. With same-day decisions in most cases, and funds deposited in your account in as little as 60 minutes* once confirmed, we believe we can offer you the best home renovation loans in Australia.