Nimble Short Term Loan

Information verified correct on January 20th, 2017

Nimble provides short term credit solutions to cover you when you're caught short.

Nimble are a provider of short term loans that you can use as an alternative to traditional lines of credit. If a financial emergency or something unexpected comes up and you don't have sufficient funds to cover it, then you might want to consider a short term loan.

Product NameNimble Short Term Loan
Min Loan Amount$300
Max. Loan Amount$2,000
Initial Maximum Loan Amount$1,600
Loan Term62-365 days
Arrears Fee$15
Turnaround Time1 hour - conditions apply*
Total Cost of Borrowing $10020% of borrowed amount + 4% of borrowed amount each month
RequirementsYou must be over 18 and not receiving Centrelink benefits as your primary source of income
Available to Centrelink borrowersNo


  • Quick turnaround on loans
  • Loans for up to 1 year


  • Strict lending conditions
  • Not available to Centrelink earners
  • Limited repayment options

How do Nimble Loans work?

Nimble offers loans of between $300 and $2,000. The loan terms vary but will be between 62 and 365 days. Your repayment dates and frequency will be determined by the amount you borrow, your pay cycle and the first agreed upon repayment day.

What is the interest rate on a Nimble loan?

The interest rate on a Nimble loan is represented by the fees you are charged. You will be charged 20% of your principal loan amount as an establishment fee and 4% of your principal loan amount as a monthly fee. This makes up the "interest" you pay on your Nimble loan. The longer you hold the loan and the more money you borrow, the more fees you will be charged and the higher your "interest" will be.

Is Nimble safe?

Nimble is an Australian-based lender that has been operating in the short-term loans space since 2005. Nimble:

  • Offers transparent fees and rates. The amount you pay in fees and rates is clearly outlined. You'll know how much you have to pay before you take out the loan.
  • Is a reputable company. Nimble is a reputable lender that has been operating in the Australian lending space for over nine years.
  • Have fair and responsible lending standards. The online application metrics ensure a fair application process.
  • Offers online and phone-based customer service. Nimble offers assistance via online chat, email, social media channels and over the phone to answer your questions and help you with your loan.

Weigh up the good and the bad of Nimble's loans

    • Nimble offer fast approval and funds transfer.* Nimble loans offer quick, online approval and you could receive your money within 60 minutes. This will depend on who you do your banking with and what time of day you apply for the loan.
    • Nimble claim to be a reliable lender. Nimble has been providing short term loans since 2005 and have built up a good business reputation. They are also easy to contact, which is important for borrowers.
  • Your repayment options are limited. Your repayments are based on your pay frequency and are not as flexible when compared to other loan providers. Generally you have to have the loan repaid within one month, with a maximum loan term of 365 days.
  • There is a range of high fees. These types of loans have much higher fees and interest rates charged for borrowing when compared to credit cards and personal loans. You need to consider these fees and charges if you are using Nimble Loans often and whether it would be more cost-effective to get a credit card or longer term personal loan.

What fees will you be charged?

Nimble loans come with a set fee structure so you know exactly how much you will have to pay. When you borrow, your total repayment amount will be the amount you borrow plus an establishment fee of 20% and a monthly fee of 4%, both calculated off the principal amount.

If you fail to make your repayments or do not make your repayments on time you will be charged additional fees. These may include a $15 charge for a missing payment or daily fees of $5 for late payments.

Things to avoid

Nimble loans are designed to help you out with unexpected expenses or to cover you until payday and are not intended to solve longer-term financial troubles. Although Nimble allows you to borrow repeatedly, you might want to consider other credit options if you find that you are borrowing from them often.

Does Nimble really offer "smart little loans"?

Nimble's short term loan solutions can help people out of a tight spot when they might not be approved for other forms of credit. In this way, these loans are filling a needed gap in the loans market. With all lending products, the loans become an unintelligent choice when they are taken out by those in too-tight of a spot.

If you can't afford the repayments then you shouldn't be taking out the loan in the first place. If you use the loan in the way they're intended – that is, to covered shortfalls in your cash flow and repay the loan by your next payday – then the loans can be a useful credit solution to those in need.

Are Nimble loans smart? It depends on your financial situation and the way you manage your loan.

Are you eligible for a Nimble loan?

Nimble has online technology which determines your eligibility for a loan. Generally, to be considered for a Nimble loan you need to meet the following criteria:

  • Be 18 years or older
  • Be employed
  • Be paid regularly into a bank account
  • Not be reliant on benefits such as Centrelink as a primary source of income

How you can apply

Start your application by clicking "Go to Site". You will have to provide personal details, contact details and financial details which include your pay cycle, monthly expenses, rent or mortgage repayment amounts and your employment details.

Questions you might have about Nimble...

How quickly will I receive my loan?

After Nimble approves your application, you can expect to receive your loan amount into your nominated bank account within 60 minutes if your loan is approved by 4:30pm AEST during banking days. Loans submitted after these times will be processed on the next business day. The time it takes to receive your loan depends on who you bank with.

Am I eligible if I have bad credit?

Nimble still considers applications if you have bad credit, but this will depend on many factors including your present financial situation.

How do I make repayments?

Nimble sets out your repayment dates and amounts in your contract and direct debits your account on that day by about 10am. Nimble will send you an SMS the day before repayments are due so you can make sure you have sufficient funds in the nominated account.

What if I can't repay my loan?

If you are experiencing financial hardship and don't think you will make a repayment, you should notify the Nimble Repayments Team as soon as possible.

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.

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94 Responses to Nimble Short Term Loan

    Default Gravatar
    cindy | September 13, 2016

    how do you get a loan with 550 score

      Elizabeth | September 13, 2016

      Hi Cindy,

      Nimble considers applications from those with less-than-perfect credit, so you can consider applying above. You can compare your other loan options on this page.

      Hope this helps,


    Default Gravatar
    nontokozo | September 6, 2016

    I earned 1500 per montH is possible to get a loan?

      Elizabeth | September 8, 2016

      Hi nontokozo,

      Nimble doesn’t have a minimum income requirement, but that income needs to be coming from employment (i.e. not Centrelink benefits). You need to meet the criteria outlined on the page above and you will be offered a loan if Nimble determines you can repay it.

      Hope this helps,


    Default Gravatar
    Angelo | September 6, 2016

    How do i know that it affects my credit rating

      Anndy | September 6, 2016

      Hi Angelo,

      Thanks for your question.

      Loan application can affect your credit rating. Each time you apply for a loan or other credit, it will be listed on your credit file as a “credit enquiry” regardless of whether the application is approved or not. Making too many credit enquiries in a short span of time can negatively impact your credit score.

      Please refer to this page if you want to know how your credit score is calculated.

      To request for a copy of your credit file, you can visit this page.


    Default Gravatar
    Ash | August 21, 2016

    Does BankWest process nimble loans on Sunday’s same day payment thanks

      Elizabeth | August 22, 2016

      Hi Ash,

      Bankwest only processes loans during banking hours (Mon-Fri) so you’ll need to wait until Monday to have your loan processed.

      Hope this helps,


    Default Gravatar
    Jes | July 30, 2016

    How long does it take to transfer nimble loan into a nab account?

      Anndy | July 31, 2016

      Hi Jes,

      Thanks for your question.

      Once your loan is approved, Nimble will transfer the proceeds to your bank account within 60 minutes of confirming your loan. This is provided that you made a confirmation by 4:30pm AEST during banking days, otherwise the loan proceeds will be deposited to your account on the next business day.


      Default Gravatar
      Pierre | September 24, 2016

      Will you conduct another credit check if the client repays the loan and wishes to reloan? Thanks

      Elizabeth | September 26, 2016

      Hi Pierre,

      Every time you apply for a loan with Nimble a credit check will be conducted.

      Hope this helps,


    Default Gravatar
    Sam | June 15, 2016

    If I take out a loan then come into some money can I pay the loan off early. If so is there any penalty.

      Elizabeth | June 15, 2016

      Hi Sam,

      You can repay your loan early at any time without penalty.

      I hope this has helped,


    Default Gravatar
    Ana | June 5, 2016

    What is the highest amount of money that can be loaned?

      Elizabeth | June 6, 2016

      Hi Ana,

      Nimble offers loans up to $5,000. However, the loan amount you’re approved for depends on the details you provide in your application.

      Hope this helps,


    Default Gravatar
    Ben | June 4, 2016

    Can I get the loan Instantly in a non business day ?

      Elizabeth | June 6, 2016

      Hi Ben,

      You may be approved for a loan outside of business hours but you’ll need to wait until normal business hours to be transferred your loan (this is the only time your bank can transfer your loan to you).

      Hope this helps,


    Default Gravatar
    Jay | May 16, 2016

    Can I get a loan against my tax returns?

      Elizabeth | May 17, 2016

      Hi Jay,

      Nimble don’t currently offer tax return loans – however, if you meet the minimum criteria you’re able to apply with Nimble.

      Hope this helps,


    Default Gravatar
    Joe | April 12, 2016

    Nimble will not accept anyone with even one default on your credit file like in my situation now. I have one default from 2011 that will drop off in 2months and at first I was able to get loans I built up to $1,200 although when I first signed up my date of birth was somehow wrong so I fixed it and got it changed and now they will not give me another loan even though I have never made 1 late payment with them for the whole 2 years I have been receiving credit from them. Don’t waste your time and let it go on your credit file. And pretty much no other lender on this site will either. Again don’t waste your time wait it out till all your defaults and inquires drop off!

      Elizabeth | April 14, 2016

      Hi Joe,

      Nimble May still approve you for a loan if you have a default on your credit file, but depending on the circumstances, or if your other financial circumstances made you ineligible for the loan, you may have been rejected for the loan. I can’t comment on the criteria of individual lenders, but you will only be approved for a loan that they think you will be able to repay. Also, if you are rejected for one loan it may be a red flag to other lenders and make it harder for you to get a loan if you apply for another one soon after.

      I hope this information has been of use,


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