Nimble Personal Loan

8.99% p.a.to 29.99% p.a.

n/a

$250

Nimble Personal Loan

8.99% p.a.to 29.99% p.a.

n/a

$250

Mozo Review   Nimble Personal Loan Review

Last updated: 11 November 2019.

What's hot:
  • Interest rates starting from 8.99% p.a.

  • Speedy online application

What's not:
  • $250 upfront fee

Mozo snapshot:

Whether you’re making last minute holiday plans or just looking to cover unexpected car repairs, a Nimble personal loan can help you get the funds you need, with minimal hassle. Loans range from $5,000 and $25,000, with interest rates starting from 8.99% p.a. (10.31% p.a. comparison rate*).

Key features:

When you sign up for a personal loan with Nimble, you’ll be able to borrow between $5,000 and $25,000, with loan terms ranging from one to four years. Interest rates are quite competitive, starting from 8.99% p.a. (10.31% p.a. comparison rate*) and going up to 29.99% p.a. (31.49% p.a. comparison rate*). 

To apply for a Nimble loan, you'll need to be an Australian citizen or resident over the age of 18, currently employed, earning over $50,000 a year and not have been bankrupt in the past 5 years. Beyond that, the application process will require you to have an Australian driver's licence or passport handy, plus all the standard items of information, like your phone number and bank details.

Best of all, once you’re approved, funds will reach your account in no time. According to Nimble, CommBank and existing Nimble Visa Prepaid Card customers will receive their requested amounts within minutes of their loan approval. And customers of other banks can expect to receive their funds within 60 minutes of signing their loan contract, assuming that takes place between 9:00am and 4:30pm AEST on a business day.

Once your loan is confirmed, you’ll be able to tailor your repayment size and schedule to suit you. Repayments will be direct debited from your account on the agreed upon day, but just in case you need a reminder, Nimble will send you an email a day in advance. Just remember to budget for the establishment fee: $195 for loans between $5,000 and $10,000, and $250 for loans between $11,000 and $25,000. 

Who it's good for:

This loan could suit anyone looking for a loan to cover renovations, repairs, holidays, and other similar purchases.

Any catches?

If you’re borrowing less than $11,000, you'll have to fork out $195 to cover the establishment fee, and $250 if you’re borrowing between $11,000 and $25,000. And if you’re late in making your repayments, or your loan drags on past the agreed end date, additional fees and charges will apply.

Details

Rates and fees information correct as at 22 January 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Fixed

  • 8.99% p.a.to 29.99% p.a. fixed

  • n/a

Fees
  • $250.00

  • $0.00

  • $20.00

  • $0.00

  • 100

Other financial bits
  • $5,000.00

  • $25,000.00

  • 1 Year

  • 4 Years

  • Unsecured

Features
  • Monthly

  • yes

  • no

  • Establishment fee is $195 for loans under $11,000.

  • none

*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Customer Reviews

This product is not currently reviewed.

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