Nimble Medium Loan

With Nimble’s Medium Loan, you can borrow from $2,050 to $5,000. Although, this loan is expensive and comes with high fees and charges.

Nimble’s Medium Loan comes with borrowing limits from $2,050 up to $5,000. Terms of up to 23 months are available. The turnaround time is also quick. If you apply before 4.30pm AEST on a business day, you could receive your funds within 60 minutes. This loan, however, is expensive. An establishment fee of $400 applies, as well as an interest rate of 47.62% p.a. Given the cost of the loan, you should only apply in case of an emergency. This is not a long-term financial solution.


Maximum loan amount

1 hour

Turnaround time

conditions apply*

up to 23 months

Term of loan

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Product NameNimble Medium Loan
Minimum loan amount$2,050
Maximum loan amount$5,000
Arrears Fee$15
Loan termup to 23 months
Turnaround time1 hour - conditions apply*
CostsApplication fee of $400 + 47.62% p.a.
Available to Centrelink Borrowers?No
Please note: Nimble Visa prepaid card is no longer available.

Are you struggling financially?

If you're struggling financially and would like to speak to someone for free financial advice, information and assistance you can call the Financial Counsellors hotline on 1800 007 007 (open from 9:30am to 4pm, Monday to Friday). If you are suffering financial problems related to the coronavirus pandemic you may be eligible for additional support.

⚠️ Warning about Borrowing

payday-warningDo you really need a loan today?*

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:

  • For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor
  • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
  • If you are on government benefits, ask if you can receive an advance from Centrelink: Phone: 13 17 94

The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.

* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.

How does Nimble’s Medium Loan work?

Customers can apply for a loan by visiting the Nimble website and submitting their application directly. Eligible individuals can apply for up to $5,000. If their loan is confirmed before 4:30pm AEST on business days, they can receive their funds within 60 minutes directly into their bank account. Conditions apply.

Repayments will be direct debited from a nominated bank account on the day specified in the loan agreement schedule. Customers can log in to the Nimble Members’ Area any time to manage their loan and check their repayments.

Features of the Nimble Medium Loan

Nimble's Medium Loan's include the following features:

  • Flexible loan amount. Loan customers can apply for between $2,050 and $5,000 with the Medium Loan.
  • Extended repayment terms. Once someone is approved, they can select repayments in accordance with their individual budget. Terms are available up to 23 months which is longer than some other payday lenders.
  • Automatic repayments. On the scheduled date, repayments will automatically be direct debited out of the borrower's nominated bank account. They'll receive an SMS repayment reminder before the scheduled date.
  • Account management. Successful applicants can manage their loan and check their repayments through the Nimble Member’s Area

How much does the loan cost?

Consider the following interest rates, fees and charges before applying for the Nimble loan:

  • Establishment fee. An establishment fee of up to $400 applies
  • Interest. On top of the the establishment fee, there will be an interest rate of 47.62% per year which accrues daily and is charged monthly in arrears based on the outstanding balance of the loan. This is a high interest rate so applicants should always check to see if there are any alternatives available to them.
  • Dishonour. A payment dishonour fee of $15 will be charged if there are insufficient funds in an customer's account on the repayment date.
  • Default fee. A fee of $5 per day will apply to cover the administrating costs of your account until it remains in default.
  • Rescheduling fee. A reschedule fee of $15 is charged each time a payment is rescheduled

What to consider before submitting your application

Before applying, customers should consider whether or not they can realistically afford the loan. Prospective applicants can use the Nimble website to get an estimate of their repayments and work out if it’s affordable on their current budget. They should also consider whether they need the full amount that they are applying for, or if they could get by with a smaller amount. Remember, if the loan recipient is unable to make repayments at any stage there will be additional fees added that will make their financial issues worse.

How to apply

For those considering applying for the Nimble Medium Loan, head to the Nimble website to get an application started. All applicants should check that they meet the below eligibility criteria before they begin. Applicants need:

  • To be over the age of 18
  • To be employed
  • Their primary income to not come from Centrelink

Before someone applies, they should make sure that they have the following details on hand to complete their application:

  • Personal details. Their name, contact information and a form of ID.
  • Employment information. They need to indicate whether they are employed full-time, part-time or other.
  • Financial details. Their proof of income, expenses and assets.
  • Banking information. They'll need their Internet banking logins so Nimble can verify their financials.

Make sure to compare this loan with similar products before submitting an application.

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    Default Gravatar
    March 19, 2019

    Hi, I am looking for a loan of 4000$. I have bad credit. But now I have a full-time job and I also work part-time as well. I wanted to know if I am eligible. I m pretty sure my bad credit file might hold me back. I recently cleared a loan amount of 1700 with another financial organisation. Would that help my application? I am in urgency for funds.

      Avatarfinder Customer Care
      March 20, 2019

      Hi Sravan,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      Yes, it is possible for you to get a loan even if you have bad credit. Please refer to our guide to $5,000 loans. On that page, you will learn how to be approved for a $4000 loan with bad credit. Moreover, that page has a table that you can use to compare lenders based on the maximum loan amount, loan term, costs, and others. After you are done comparing, you can then click on the “Go to site” green button to learn more or initiate your application.

      Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision. Moreover, check the eligibility requirements as well and consider whether the product is right for you.

      I hope this helps. Should you have further questions, please don’t hesitate to reach out again.

      Have a wonderful day!


    Default Gravatar
    August 23, 2017

    Hi , I would like to know what the minimum repayments for a $3000 loan would be as I am coming into a inheritance in the next 6 months thanks

      Avatarfinder Customer Care
      August 23, 2017

      Hi Kristian,

      Thank you for your inquiry.

      Typically, minimum loan repayment based on the loan amount will be provided by your lender. Should you need to further discuss this matter, you can read our Nimble review page to learn more or go to their website to contact them directly.

      I hope this information has helped.


    Default Gravatar
    November 25, 2016

    My loan was unsuccessful as my employer pays me by cash not into my acct is there another way I can apply with proof of income?

      Avatarfinder Customer Care
      November 25, 2016

      Hi Jacqueline,

      Thanks for your question and I’m sorry to hear about the rejection of your application.

      Generally, lenders would require you to provide proof of your income source to assess your financial position and your ability to repay the loan. Usually, for applicants who are paid in cash, banks or lenders would consider them as having unstable employment.

      For a chance to be accepted, you may have to provide evidence of all your income plus endorsements from your employer. Depending on the state you live in and the tax regulations, you may or may not be required to pay tax. So having that income record in your tax, it will also mean that you can have the documentation to show to the lender. You may refer to the list of payday loans for cash payments to see your possible options.

      Also, before submitting an application for credit, make sure to review the eligibility criteria and requirements so that you would know if you qualify for the loan or not.


    Default Gravatar
    July 13, 2016

    Are you giving loan to swedish citizens living in sweden. It isa emergency

      Avatarfinder Customer Care
      July 13, 2016

      Hi Britt-Inger,

      Unfortunately Nimble only provides loans to current residents of Australia. You’ll need to contact a lender in Sweden if you’re in need of a loan.

      Sorry I couldn’t be of more assistance,


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