The Nimble personal loan is unsecured and has a fixed interest rate. So, you won’t need to secure the loan with your precious belongings and you’ll have the certainty of knowing what your regular repayments will be each month: your rate won’t change. It’s important to note, rates are determined in relation to your credit score.
Loan amounts range from $5,000 to $25,000 and terms are between one and four years. While there is only the option of a monthly regular repayment schedule, Nimble allows borrowers to make extra repayments. Just bear in mind, there are no redraws allowed on this loan and there is an early repayment penalty of $100 (if you pay down your entire debt before your loan term is up).
And while we are on the topic of fees, there are a couple to be mindful of. There is an upfront application charge and late payment fee. However, there are no monthly service fees on this loan.
Extra repayments: On top of monthly regular repayments, customers can make extra repayments on their Nimble personal loan.
Unsecured loan: There is no requirement to put up an asset against your Nimble personal loan because it is unsecured.
Applications for a Nimble personal loan are completed 100% online. There are a few things you need to be eligible. These include:
You’re over 18
You’re an Australian citizen or permanent resident
You earn over $50,000 p.a. before tax
You have been free from bankruptcy for the past 5 years