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 9 months depending on the loan amount. 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.

Compare Nimble Loans

Loan Feature Small Loan Medium Loan

Establishment Fee

20% of loan amount

$400 fee

Loan Amount

$300 - $2,000

$2,050 to $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 9 months depending on the loan amount

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.

 
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.
 
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.
 
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.

Nimble Small Loans: Proudly Servicing Australia

If you've ever thought of loans as something you only need if you're buying a house or starting a business, then you don't know how easy small loans can be. Getting a small loan for the right reasons has some great benefits, and when you're looking for the best small loans in Australia, you have to be looking at Nimble.

Small loans online aren't just for covering a broken HVAC or paying a vet bill when the dog has eaten something dodgy in the park! They can be a financial solution for many situations.

Invest in Personal Growth

It's time to get past the point where you look at guitars, and start learning how to play. That cooking class with a professional chef could spark a whole new direction in your life. An online course in coding might start you in a new and profitable career in IT.

If the only thing stopping you is a few hundred dollars for a course fee or the cost of a new instrument, small loans online. offer a fast, convenient way to get the money you need and invest in your personal development. And remember: when you put your money where your mouth is, you're more likely to follow through on your goals.

Start a New Business

You don't have to spend thousands to start a new stream of income. It might only cost a few hundred to publish, optimise, and monetise a blog that you can then sell a couple years down the line.

If you love animals, $1,000 could allow you to buy some basic gear, put a sign on your van, and offer mobile grooming or dog-walking services. There's a lot you can do with a small loan of up to $2,000 that could put you on the road to financial independence as you build up multiple income streams.

Be Helpful in an Emergency

If a loved one falls ill, a small loan could allow you to buy a plane ticket, and go help them get back on their feet. It could allow you to help pay for someone to run errands and tend to the house for a few weeks while a parent or grandparent recovers from a fall.

There are all kinds of ways an emergency loan of $300, $500, or even $1,500 could be useful, both to you and the people you love. If nothing else, having some extra cash on hand takes some of the stress out of an already difficult situation.

Make a One-Time Event Special

No one needs to get in the habit of approaching small loan lenders every time there's a birthday or anniversary, but some of these events are true milestones. It's not every day a daughter turns 18, a son graduates from uni, or parents celebrate a 50th wedding anniversary.

You can't control when these special milestones pop up or what else might be going on in your life at the same time. Small loans can let you put other considerations aside and give that special moment the attention it deserves.

Choosing the Best Small Loan Lenders

A cash loan isn't like a mortgage: it shouldn't take days and two trips to the bank with an armload of paperwork to get $2,000. That's why Nimble makes it easy to get small loans online in Australia.

What It Is

A small loan with Nimble is any amount between $300 and $2,000. If you need more, you can get up to $5,000 with a medium loan with a slightly different fee and repayment structure.

How It Works

If you're an Australian citizen over 18 with an active bank account, and you don't get 50% or more of your income from Centrelink benefits, you're eligible to apply. We'll meet you online and you'll sign in with your bank details. After we take a look at your income and expenses, we'll be able to tell you if we can lend to you and how much.

At Nimble, we're responsible lenders. That means we'll never loan you more than you can afford to pay back comfortably. After all, this is about making your life easier, not harder!

The Details

The establishment fee for your loan is 20% of the amount borrowed. The monthly fee for your loan is 4% of the amount borrowed. Repayment terms can be between 62 days and9 months depending on the loan amount and once your short term loan is approved, you'll likely have the money in an hour if it's confirmed by 4:30 on a banking day.

When you go to pay off your loan, you can log in online and keep track of everything there. When you get your loan, you'll set up a direct debit with us through your bank account, meaning you never have to remember to make a payment or worry it didn't go through.

Want to pay off your payday loan early? Great! When it comes to small loans in Australia, a Nimble loan (like other responsible lenders) will never incur a fee for early repayment. We're thrilled for you!

Get Started With the Best Small Cash Loans in Australia

Whether you need to replace a windshield or you're ready to start an online class, Nimble online loans can give you the extra funds you need. Visit Nimble today and start the application process. It's fast, convenient, reliable, and transparent. Just like borrowing money should be.