If you need some cash, consider borrowing up to $5,000 with Nimble’s Medium loan.
No matter what you need the loan for, whether it’s to pay a large bill or make a large purchase, you may want to consider Nimble’s Medium loan. You can apply for up to $5,000 online and have up to two years to pay it off.
How does Nimble’s Medium Loan work?
Start by clicking "Go to Site" and submitting your application directly with Nimble Money. You can apply for up to $5,000. If your loan is confirmed before 4:30pm AEST on business days, you can receive your funds within 60 minutes directly into your bank account. Conditions apply.
Your repayments will be direct debited from your account on the day specified in your loan schedule – there’s no need for you to remember to make payments. You can log in to the Nimble members’ area any time to manage your loan and check your repayments.
|Product Name||Nimble Medium Loan|
|Interest Rate (p.a.)||From 47.62% (fixed)|
|Comparison Rate (p.a.)||65.66%|
|Interest Rate Type||Fixed|
|Maximum Loan Term||2 years|
|Min Loan Amount||$2,001|
|Max. Loan Amount||$5,000|
- Larger amount loans
- Loans for up to 1 year
- Access cash with the Nimble Card
- Higher interest rates
- Strict lending conditions
- Not available to Centrelink earners
Features of the Nimble Medium Loan
If you apply and are approved for Nimble’s Medium Loan, you’ll have access to the following features:
- Higher loan amount. You can apply for between $2,001 and $5,000 with the Medium Loan.
- Longer repayment terms. Once you’re approved, you can select repayments to meet your budget. Terms are available up to two years.
- Automatic repayments. You won’t need to remember to make repayments. On the scheduled date, the repayment will automatically be direct debited out of your account. You’ll receive an SMS repayment reminder before the scheduled date.
- Account management. You can manage your loan and check your repayments through the Nimble member’s area
- Nimble Card. Once you’re approved for the loan, you can ask for a prepaid Nimble Visa card that will arrive within 5-10 working days. You can also manage your card through the member’s area.
How much does the loan cost?
Consider the following interest rates, fees and charges before applying for the Nimble loan:
- An establishment fee of up to $400 applies
- Interest rate of 47.62% p.a. accrues daily and is charged monthly in arrears based on the outstanding balance of your loan
- A payment dishonour fee of $15 will be charged if there are insufficient funds in your account on the repayment date
- A reschedule fee of $15 is charged each time a payment is brought forward
What to consider before submitting your application
Before you apply, consider whether you can afford the loan. Use the loan calculator on Nimble’s website to get an estimate of your repayments and work out if it’s affordable on your budget. Also consider if you need the full amount you are applying for or if you could get by with a smaller amount.
Ready to apply? Here’s how
If you’re considering applying for the Nimble Medium Loan, click "Go to Site" to get your application started. Check you meet the below eligibility criteria before you begin:
- You’re over the age of 18
- You’re employed
- Your primary income isn’t from Centrelink
Before you apply, make sure you have the following details on hand to complete your application:
- Personal details. Your name, contact information and a form of ID.
- Employment information. The name of your employer, how long you’ve worked there and the employer’s contact information.
- Financial details. Your income, expenses and assets.
- Banking information. You’ll need your Internet banking logins so Nimble can verify your financials.
If you’re in need of a larger loan, Nimble’s Medium Loan is one to consider. Make sure to compare it with similar products before you apply.