Make the Most of Your Home with a Renovation Loan from Nimble

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.

Nimble Loans For Home Renovations

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.

Nimble Small Loans are available for amounts between $300 - $2,000. To be eligible for a Nimble 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 $2,050 - $25,000. To qualify for a loan of this type, you must be over 18, employed and 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 up to 4 years, depending on circumstances. We charge a one-off establishment fee of $400 for loans of $2,050 - $5,000. In terms of interest, our rates are based on an APR of 47.6158% for loans of $2,050 - $10,000, and 29.99% for loans between $10,500 and $25,000**.

For more information about the loan types on offer from Nimble, check out our handy Comparison Table that gives more detail.

Applying for a Home Renovation Loan with Nimble

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.

Please 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.
Customers of 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.

The information on this website is general in nature and does not take into account your objectives, financial situation or needs. Terms, conditions, fees and charges apply, and are subject to change. Applications are subject to Nimble’s credit approval criteria.

*Redraw not available. Funds will generally be transferred within 60 minutes of the loan contract being signed between 9:00 am and 4:30 pm AEST on business days. Clearance times are subject to your bank. Depending on your bank, you may be paid within minutes of confirming your loan 7 days a week, including public holidays.

**The comparison rate for loans between $2,050 and $5,000 is based on an unsecured loan for an amount of $2,500 over 2 years and a $400 establishment fee, and the comparison rate for loans between $5,050 and $10,000 is based on an unsecured loan for an amount of $10,000 over 3 years and a $0 establishment fee.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

#Nimble AnyTime is a Continuing Credit Contract. As long as you pay on time each month, you'll have access to your available balance continuously, without the need to reapply. Usage of the Nimble Anytime Virtual Mastercard is subject to the Nimble AnyTime terms and conditions. Clearance times on cash advances are subject to your bank and the time of your request.

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Nimble members who have previously borrowed and repaid one or more loans in full may be eligible to apply for up to $10,000 in their Member Area.

Warning about borrowing