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Small Loans

In 2018, the average amount we lent for a small loan was $710.

At some point or another in everyone’s life, an unexpected cost occurs. It might be a crack in the windscreen that suddenly leads to the need for a full-blown window replacement. OR, it might be the sudden and urgent need to get on an airplane stat (who hasn’t had one of those?!) Either way, Small Loans can help manage your need for extra funds.

At Nimble, we’ve been experts in the Small Loans field since 2005. We’ve been granting thousands of Australians quick access to Small Loans and making the application process super simple along the way.

Nimble was born from the idea that Small Loans should be easy to access and that people should be able to get funds quickly. We don’t believe in heaps of paperwork and hours of application forms - our goal was to remove the roadblocks and we achieved that for our customers long ago.

About Nimble Small Loans

Small Loans at Nimble work like this: if the principal amount you’re applying for is between $300 - $2,000, you’ll repay your Small Loan over a period of time - the time allocated to this type of loan is 62 days to four months. Your loan time may vary depending on your individual circumstances, but we use this as a guide for those applying for a small loan. The establishment fee is 20% of the loan amount and the monthly loan fee is 4% of the loan amount.**

**See our full Fee Statement for fee details. If you reschedule your repayments after you confirm your loan, additional fees and charges may apply.

Now that you have an overview of fee structure, it’s important to consider other external factors around a Nimble Small Loan. What’s makes us great? Well for one, the application process for a Nimble Small Loan couldn’t be easier.

Here’s how it works:

  1. You choose your loan amount and the time you want to borrow for - remembering that a Small Loan is considered to be between $300 and $2,000.
  2. You enter your basic details and we look at details of your income and expenses for the last 3 months - this way we can understand a bit more about you.
  3. We do consider your credit report - as all responsible lenders should. However, this is not the only method of consideration we use. So, if you’ve had bad historical credit, don’t worry, this doesn’t necessarily rule you out as a suitable Small Loan applicant.
  4. We immediately process your application and get back to you with an answer or a new proposal. For example, based on your information, we might decide that at this time it would be best to lend you slightly less funds - so we’ll make a different proposal. We do this with your best interests at heart. As a responsible lender, it’s our job to make sure you are able to pay back the Small Loan you borrow comfortably.

What are the benefits of a Small Loan?

Applying for and being successful in your application for a Small Loan can take a big weight off you when little things pop up that you didn’t see coming. Despite all the planning in the world, sometimes things just crop up. During these times, more often than not, we simply don’t have time to waste. We don’t want to spend hours on the phone to someone or time filling out forms and signing papers - we need action.

At Nimble, we love to take action quickly! We’re responsible lenders and always practice responsible lending when it comes to your Small Loan, but we’re not old school. We have designed the Nimble Small Loan process to be efficient, straightforward and hassle-free.

The benefits of Small Loan are pretty straightforward when it comes to Nimble. Here are just a few...

  • No time to waste? Our Small Loans are fast. At Nimble, 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.
  • It’s not just the application and the receiving of your loan that is hassle-free. It’s also managing your upcoming payments and staying in the know that needs to be hassle-free too. You can log in to the Member Area and check on your loan status, find out when your payments are due and keep an eye on your payment plan.
  • Trusting your Small Loan lender is important. We’ve been helping Australians get access to Small Loans since 2005. We’re a household name for a reason. With so much experience in this space, we really are Small Loan experts.

Your Small Loan V a Medium Loan

If you’re in need of a Small Loan for whatever reason, it’s important to sit down and consider a number of factors. Firstly, decide on what you want to borrow and for how long. Secondly, be confident that you can meet the repayment schedule outlined for your Small Loan.

Everyone's definition of “Small Loan” is different. Maybe the Small Loan offering at Nimble doesn’t meet your needs. If that’s the case, don’t worry - we also offer a Medium Loan. We’ve outlined the difference in both these loan types below to help you best understand what is the most reasonable solution for your loan needs.

When looking at this table, it’s important to remember your loan options may look a little different due to a number of factors. However, the below table is a good guide.

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.

Whatever your Small Loan needs, Nimble can help. Creating a Nimble account today can help you secure your Small Loan in a few easy steps.

*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