close

Wedding Loans

In 2018, the average amount we lent for people to cover those last-minute wedding reception surprises was $1,284.

Planning the biggest day of your life? No pressure. Actually, that’s a big fat lie. It’s lots of pressure (for most) and the pressure is felt on your finances too.

If you feel the purse strings tightening, you’re not alone. The need to borrow money around the time is pretty normal, you’re not alone if you’re thinking about this option.

What is a Wedding Loan?

As the name would lead you to believe, a Wedding Loan is a loan taken out to help cover the costs of a wedding. This can be anything from wedding attire to the wedding reception.

A wedding can be a drain on even the most financially prepared people as there is just so much to pay and plan for. It can also be a little bit difficult because, in general, people are less likely to want to compromise or make massive sacrifices from their wish list for their big day.

How can I get a Wedding Loan?

Like all things Nimble, it’s pretty easy and straightforward. Opting to get a Nimble Loan for your wedding day means you can get funds easily and quickly.

The first thing you should do is work out how much you’d like to borrow. At Nimble we have two types of loans - a Nimble Small Loan and a Nimble Medium Loan. Each loan comes with different features and associated costs. So, in order for you to understand which option is most suitable for you, you need to understand how much money you would like to borrow.

The below table outlines the costs associated with each loan.

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.

The advantages of getting a Wedding Loan with Nimble

There are lots of advantages of lending with Nimble; we’re fast, reliable and straightforward. Planning for a wedding can be so stressful, both on you and on your bank account, and that's one of the reasons we make lending with Nimble super easy.

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.

Here are just a few of the benefits of lending with Nimble:

1. We’re tried, tested & trusted
Did you know that since we started in 2005, we have successfully granted over 1.5 million loans to your fellow Aussies? We’ve gone from strength to strength, always putting our customers at the forefront of our journey. From Car Repair Loans to Wedding Loans, people have used our services to help them when they needed it most. So if you’re taking out a loan with us you can rest easy knowing that we’ve been tried, tested, and trusted by many before you.

2. We’re fast and we put you first
We know that needing a Wedding Loan will most likely mean you need to get funds quickly. We designed our loans to deliver for speed. Your money could be in your account within 60 minutes* and the process to get you there is straightforward. You don’t need to send us any paperwork and the application process is done online, making things easier for you.

3. Our customer service is top notch
Our customer service team is based right here in Australia, so if you need help with your loan you can always call us. We have also designed your Member Area to be easy to access and full of useful information around your loan, including reminders of when your next payment is due. You agree on a repayment schedule that suits you so that you can comfortably repay your loan.

Top Tips for making the most of your Wedding Loan

1. DIY with the power of Social Media
Once upon a time, not long ago, weddings involved buying lots of brand new and expensive items. These days, the power of social media has empowered lots of brides and grooms to embrace DIY. In doing so, you’re saving funds and adding something a little bit more personal to your wedding day. Pinterest is the home of many creative DIY wedding ideas, but try searching relevant hashtags on Instagram too as this channel is ever growing with plenty of DIY wedding ideas.

2. Plan and budget
It goes without saying that planning and budgeting are really important when it comes to your big day. The issue with this is that lots of people don’t actually understand how to start budgeting for such a big event. It’s naturally going to be a challenge, as it will be new territory for most.

The hardest part is starting. Don’t overthink it. Create a simple list of everything you can think of that is required and walk through these step by step and assign approximate costs, get quotes and adjust your approximations when necessary. If you have a friend or family member who got married recently, ask them to help you. The earlier you start the list, the more time you have to look for discounts.

3. Chin up
Polite reminder: this is supposed to be the happiest day of your life! Your Wedding Loan is going to help fund the memories and celebrations. Try not to get stressed by the administration of event planning and organising, give yourself enough time, ask for help from your loved ones, and plan, plan, plan.

*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