Nimble personal loan, Nimble loan interest rate, Nimble loans contact number, how to apply, eligibility criteria & requirements
Even we plan for our finance properly, we do not know what lies in the future, In case something unexpected happens all of sudden, we required urgent money. In that case, Nimble can be a good option instead of going to a bank that will take more time than usual. today we will do Nimble Loan Reviews | How to Apply for a Personal Loan with Nimble in depth which will be helpful to decide if you can go with it.
| Loan App Name | Nimble |
| Loan Amount | $300 to $25000 (depending on the type of loan) |
| Loan Tenure | 62 days to 48 months |
| Interest Rate | 8.99% p.a. to 47.62% p.a. (depending on the loan type) |
| Establishment Fee | $195 to $400 depending on the loan amount |
The detailed analysis will include Nimble features, requirements, Interest rates, pros & cons, application procedure, etc.
Let’s start with Nimble description…
Contents
What is Nimble?
It is an online loan provider platform that offers various types of loans to the people of Australia.
It has started its journey in 2005 and till now it has provided a loan of over 1.6 million to customers all over Australia.
It always focuses on the loan process that must be quick, easy, painless, and also paperless. It has succeeded in its mission also.
As Nimble grew it has launched other products as well like various types of personal loans and car loans.
Before Nimble was called Cash Doctors.
Types of Loans Nimble Offers
- Small Personal Loan
- Medium Personal Loan
- Large Personal Loan
- Nimble Car Loan
Here, we will discuss the personal loan which is the most common loan people choose for their requirements.
NOTE: Nimble Small Personal Loan and Medium Personal Loan are considered as a Payday loan or cash loan.
Nimble Small Personal Loan | Nimble Short Term Loan | Nimble Payday Loan
Generally, this is a small amount of loan offered by the Nimble with a short repayment term as well.
This loan you can choose if you need a small amount of money for a short period like you need to fix your home leakage pipe or fixing your car tyres or when you have a little emergency etc.
In simple terms, you can use the loan amount for your small personal requirements.
Nimble Small Personal Loan Features
- The loan process is completely online. Absolutely no Paperwork.
- The loan application process quite simple ,easy and fast.
- The fund will be transferred to your bank account within 60 minutes of your loan application approval.
- Nimble offers small personal loans from $300 to $2000.
- Loan terms for Small Personal Loans range from 62 days to 9 months, depending on borrowed amount.
- The repayment frequency is per week or per fortnight.
- For Small Personal Loans of $300 to $2000, an APR (Annual Percentage Rate) does not apply. These loans are fee-based only. fee will depend on your borrowed amount.
- There are no restrictions or penalties for repaying your loan early. You could save on interest or fees as well.
Nimble Small Personal Loan Eligibility & Requirements
- Be 18 years or older.
- You must be an Australian citizen or permanent resident.
- You should have a steady source of income. Income proof is needed.
- You must have a bank account and phone number in your name. Bank log in details are needed to speed up the process.
- No more than 50% of your income should come from Centrelink.
- You should not in a debt agreement or about to enter bankruptcy.
Documents that you may need to apply for a loan
- Your photo ID documents such as your Australian driving license or Passport.
- Details of your current and previous (if applicable) employer.
- Details of your income, assets, expenses and liabilities.
- If you are self employed you need to show most recent individual tax return and the corresponding notice of assessment from the Australian Taxation Office.
- last 3 months bank statements.
How to Apply for a Nimble Small Personal Loan?
- Visit Nimble official website and click on the Apply Now button.
- On the next page choose your amount (small loan between $300 to $2000) and duration and click on the Continue button.
- Now select the purpose of the loan from the options available, select one of the sub categories and click on the Continue button.
- On the next page enter your name ,date of birth, Mobile number, email address, employment status, read the terms & condition and agree to it by clicking on Accept and Continue button.
- Next, fill your fill your income & employment details ,enter your bank details, proof of income etc. and submit the loan application.
- Then, to finalise your loan application, you will get a call from Nimble to verify your entered details, so make sure you are contactable by phone during our office hours.
- After confirming the details if your loan amount is approved, the fund will be transferred to your bank account within 60 mins.
How Does a Nimble Small Personal Loan Process Work?
- Apply: Complete the loan application process online by sharing basic information about your income, employment, personal details, address, bank details etc.
- Lending Decision: Once the application process is completed, Nimble will process your application and provide you a lending decision quickly.
- Confirmation Call: To finalise your loan application, Nimble Staff person will speak with you to verify the details you have provided in the application.
- Sign Documents: If your selected loan amount is approved, review, accept it and sign your loan agreements.
- Get Funds: After accepting & signing the loan agreements, you will receive cash to your linked bank account via Direct deposit within 60 minutes.
Nimble Small Personal Loan Interest Rates & Fees
For small personal loans, there is no APR. these loans are only Fee-based which you can find below.
- Establishment Fees: For loans between $300 to $2000, the Establishment fee will be 20% of the principal amount.
- Monthly Fee: The Monthly fee will be 4% of the principal amount per month.
- Dishonour Fee: It is charged each time a direct debit or other payment is not made in full and on time. you have to pay $15 per dishonour.
- Default Fee: Daily recovery fee to cover reasonable costs of managing your account while your account remains in default. the fee will be $5 per day.
| Types of Charges or Fee | Rate or Payable Amount |
|---|---|
| Establishment Fee | For loans between $300 to $2000, the Establishment fee will be 20% of the principal amount. |
| Monthly Fee | The monthly fee will be 4% of the principal amount per month. |
| Dishonour Fee | It is charged each time a direct debit or other payment is not made in full and on time. you have to pay $15 per dishonour. |
| Default Fee | Daily recovery fee to cover reasonable costs of managing your account while your account remains in default. the fee will be $5 per day. |
Nimble Medium Personal Loan | Nimble Payday Loan
This loan you can choose if the cost is somewhat neither big nor small. In case you know already the fee of the doctor and the amount is not covered in small personal loans, you can opt for a Nimble personal loan.
Nimble Medium Personal Loan Features
- The loan process is completely online. Absolutely no Paperwork.
- The loan application process quite simple ,easy and fast.
- The fund will be transferred to your bank account within 60 minutes of your loan application approval.
- Nimble offers Medium personal loans from $2050 to $5000.
- A Nimble Medium Personal Loan has a loan term of 62 days to 23 months.
- The repayment frequency is weekly, fortnightly and Monthly.
- Nimble’s Medium Personal Loans have a maximum APR of 47.62% p.a.
- There are no restrictions or penalties for repaying your loan early. You could save on interest or fees as well.
Nimble Medium Personal Loan Interest Rates & Fees
- Interest rate: At Nimble, the medium Personal Loans have a maximum APR (Annual percentage rate) of 47.62% p.a. with a comparsion rate of 65.66% p.a.
- Establishment Fees: For loans between $2050 to $5000, the Establishment fee will be $400.
- Dishonour Fee: It is charged each time a direct debit or other payment is not made in full and on time. you have to pay $15 per dishonour.
- Reschedule Fee: $15 will be charged each time a repayment is rescheduled.
| Types of Charges or Fee | Rate or Payable Amount |
|---|---|
| Interest Rate | At Nimble, the medium Personal Loans have a maximum APR (Annual percentage rate) of 47.62% p.a. with a comparison rate of 65.66% p.a. |
| Establishment Fee | For loans between $2050 to $5000, the Establishment fee will be $400. |
| Dishonour Fee | It is charged each time a direct debit or other payment is not made in full and on time. you have to pay $15 per dishonour. |
| Reschedule Fee | $15 will be charged each time a repayment is rescheduled. |
Nimble Large Personal Loan
As the name explains itself, this loan is taken when you need a big chunk of money for any financial assistance like medical emergencies, marriage, Home Renovation, etc.
Nimble Large Personal Loan Features
- The loan process is completely online. Absolutely no Paperwork.
- The loan application process quite simple ,easy and fast.
- The fund will be transferred to your bank account within 60 minutes of your loan application approval.
- Nimble offers Large personal loans from $5000 to $25000.
- Loan terms for Large Personal Loans range from 6 months to 48 months.
- The loan repayment frequency is weekly ,fortnightly and monthly.
- It offers personalised interest rate from 8.99% p.a. to 29.99% p.a, depending on your personal financial circumstances and credit history. Comparison rate 10.31% to 31.49% is applicable.
Nimble Large Personal Loan Eligibility & Requirements
- Be 18 years or older.
- You must be an Australian citizen or permanent resident.
- You should have a steady source of income. Income proof is needed.
- You must have a bank account and phone number in your name. Bank log in details are needed to speed up the process.
- No more than 50% of your income should come from Centrelink.
- You should not in a debt agreement or about to enter bankruptcy.
Documents that you may need to apply for a loan
- Your photo ID documents such as your Australian driving license or Passport.
- Details of your current and previous (if applicable) employer.
- Details of your income, assets, expenses and liabilities.
- If you are self employed you need to show most recent individual tax return and the corresponding notice of assessment from the Australian Taxation Office.
- last 3 months bank statements.
How to Apply for a Nimble Large Personal Loan?
- Visit Nimble official website and click on the Apply Now button.
- On the next page choose your amount (Large loan between $5000 to $25000) and duration and click on the Continue button.
- Now select the purpose of the loan from the options available, and click on the Continue button.
- Enter your Email address, accept terms & conditions by clicking on Accept & Continue button.
- On the next page enter your name ,date of birth, Mobile number, email address, employment status, read the terms & condition and agree to it by clicking on Accept and Continue button.
- Next, fill your fill your income & employment details ,enter your bank details, proof of income etc. and submit the loan application.
- Then, to finalise your loan application, you will get a call from Nimble to verify the details you have entered, so make sure you are contactable by phone during our office hours.
- After confirming the details if your loan amount is approved, the fund will be transferred to your bank account within 60 mins.
How Does a Nimble Large Personal Loan Process Work?
- Apply: Complete the loan application process online by sharing basic information about your income, employment, personal details, address, bank details etc.
- Lending Decision: Once the application process is completed, Nimble will process your application and provide you a lending decision quickly.
- Confirmation Call: To finalise your loan application, Nimble Staff person will speak with you to verify the details you have provided in the application.
- Sign Documents: If your selected loan amount is approved, review, accept it and sign your loan agreements.
- Get Funds: After accepting & signing the loan agreements, you will receive cash to your linked bank account via Direct deposit within 60 minutes.
Nimble Large Personal Loan Interest Rates & Fees
- Interest rate: At Nimble, the Large Personal personalised interest rate is from 8.99% p.a. to 29.99% p.a, depending on your personal financial circumstances and history. Comparison rate 10.31% p.a to 31.49% p.a is applicable.
- Establishment Fees: There is a $195 establishment fee for Large Personal Loans between $5000 and $10000, and a $250 establishment fee for Large Personal Loans between $10001 and $25000.
- Dishonour Fee: It is charged each time a direct debit or other payment is not made in full and on time. you have to pay $5 per dishonour.
- Late Payment Fee: $20 will be charged if an amount due is not received within 5 days of the due date and then every 30 days until the payment is received in full.
- Variation Fee: $50 will be chargeable each time you request to vary your loan (e.g. term extension or change to the repayments).
- Early Repayment Fee: $100 will be charged in case the loan term is greater than 2 years, but the loan is paid out fully in less than 2 years.
- Duplicate Fee: $5 will be charged for each copy of any document you request.
| Types of Charges or Fee | Rate or Payable Amount |
|---|---|
| Interest Rate | At Nimble, the Large Personal personalized interest rate is from 8.99% p.a. to 29.99% p.a, depending on your personal financial circumstances and history. Comparison rate 10.31% p.a to 31.49% p.a is applicable. |
| Establishment Fee | There is a $195 establishment fee for Large Personal Loans between $5000 and $10000, and a $250 establishment fee for Large Personal Loans between $10001 and $25000. |
| Dishonour Fee | It is charged each time a direct debit or other payment is not made in full and on time. you have to pay $5 per dishonour. |
| Late Repayment Fee | $20 will be charged if an amount due is not received within 5 days of the due date and then every 30 days until the payment is received in full. |
| Variation Fee | $50 will be chargeable each time you request to vary your loan (e.g. term extension or change to the repayments). |
| Early Repayment Fee | $100 will be charged in case the loan term is greater than 2 years, but the loan is paid out fully in less than 2 years. |
| Duplicate Fee | $5 will be charged for each copy of any document you request. |
How Nimble Personal Loan Repayment Works?
Your loan repayments will be automatically debited from your bank account on a date that you have agreed to throughout the application process.
It means Your regular scheduled payments will be automatically withdrawn from your bank account when your payments are due so you need not worry about missing a payment.
Make sure to maintain a sufficient balance in your bank account on the due date to avoid Dishonour Fee or NSF (Non-Sufficient Funds).
Is Nimble Loan Legit and Safe?
Yes, Nimble is a trusted credit provider. for over 15 years it has been helping Australians to get the things they want when they need it.
Nimble has securely loaned over 1.4 million loans to members which makes it one of the trusted loan providers in Australia.
Nimble uses first-class technology to protect the customer’s Data. It provides bank-level encryption and employs daily 3rd-party security scans.
It provides bank-level security by secure socket layer (SSL) technology – the same level banks and brokerages use – to safeguard you and your financial data.
It also uses a cryptographically strong manner to ensure that all your data and information is fully protected.
Nimble Personal Loans Pros & Cons
| Pros | Cons |
|---|---|
| The application process is completely online. | High-interest rates may apply if the credit score is poor or bad for large loans. |
| Money will be credited to your bank account within 60 minutes of approval. | Too many fees are there for a large loan. |
| The loan term is from 62 days to 9 months depending on the type of loan. | |
| Loan options are there like a small loans, medium loans & Large loans. |
Nimble Personal Loans Reviews & Feedback
It has a 4.4 google rating on its website which is fair enough.
Productreview.com.au shows 259 reviews on its website out of which 169 have a five-star rating. Overall It has a rating of 3.9 out of 5 which is good.
Nimble Loan Contact Details
Nimble Customer Support Contact Number = 133 156
Nimble International Contact Number: +61 7 5612 7200
Nimble Official Address:
12-14 Marine Parade, Southport QLD 4215
10-20 Gwynne Street, Cremorne VIC 3121
Nimble Postal Address = PO Box 3592, Australia Fair QLD 4215
Conclusion
We have done a Nimble Loan Reviews | How to Apply for a Personal Loan with Nimble in detail. I hope the analysis will be useful to you.
If you need a small amount of loan, a medium amount, or a larger amount you can try out a Nimble online loan provider platform instead of visiting the bank that can take longer than usual.
It is very important to calculate the total repayment amount after adding the interest, charges, and fees to the principal amount. remember that for any short-term loan your interest can go high. check with the provider once.
Read Also
- Plenti Personal Loan Review | How to Apply for a Personal Loan With Plenti
- Wisr Personal Loan Reviews | How to Apply for a Personal Loan With Wisr
FAQs
Nimble Customer Support Contact Number = 133 156
Nimble International Contact Number = +61 7 5612 7200
You will get the outcome within one hour.
Once your loan is approved, the fund will be transferred to your bank account within 60 minutes.
generally, the funds are transferred within 60 minutes of signing your loan contract between 9:00 am and 4:30 pm AEST on business days. Clearance times are subject to your bank.
Yes, like all lenders, It runs a credit history check. However, this is generally not used as a final decision to offer you a personal loan.
It will check your recent bank statements to get a better understanding of your current financial history. this information and a few other factors will be considered when making a decision on your loan.
Yes, you can pay your Small and medium personal loan early without any fee. however, for a large personal loan, you will be charged.
In case if you have extra money and you want to finish your loan early, you can call Nimble customer care 133 156 to discuss your payments options.
You can also send an email to customercare@nimble.com.au if you want to pay your loan early and nimble executives will help you with that.
You need to contact its customer care department or you can send an email. Note that cancelling your loan may charge you an extra fee. check with Nimble once before cancelling your loan application.
