Nimble

Nimble, online loans with fast disbursement in Australia

Nimble Australia Pty Ltd is an Australian credit provider operating under Australian Credit Licence 386010 and ABN 91 135 501 807. Its business focuses on online lending, with an emphasis on fast disbursement and flexible repayment options. The company states it has approved more than 1.6 million loans.

Credit products

The offering is organised into three main lines:

• Small Loans: amounts from AUD 500 to 2,000, with terms of 13 to 39 weeks.
• Personal Loans: amounts from AUD 2,050 to 5,000, with terms up to 15 months.
• Nimble AnyTime: a revolving line of credit from AUD 1,000 to 2,000, with the option to spread repayments over up to 12 months and without needing to reapply.

The company also mentions that members who have applied for and fully repaid one or more loans may be eligible for up to AUD 10,000 in their Member Area, subject to credit approval criteria and responsible lending obligations.

Purposes and loan types

Nimble's catalogue includes loans designed to cover specific expenses and one-off situations. The types cited include weekend loans, emergency loans, payday loans, short-term loans, same-day loans and small loans for working pensioners. It also details loans for home renovations, holidays, weddings, medical expenses, funerals and car repairs. The company also mentions the use of its products for debt consolidation and for studies.

Disbursement and conditions

The company's communications highlight fast money transfers and the availability of flexible repayment options. Information on rates, conditions, fees and charges is subject to change and applications are subject to Nimble's credit approval criteria. The company warns that it does not offer redraw.

Service and support

Nimble provides customers with a contact phone number (133 156) and sections for FAQs, security and contact. The company also publishes legal and compliance documents, such as the Credit Guide, Fee Statement, dispute resolution process, Nimble AnyTime T&Cs and Target Market Determinations (TMD).

Regulatory framework and warnings

The entity operates under Australian Credit Licence 386010 and states it complies with responsible lending obligations. The information on its website is general in nature and does not take into account the customer's objectives, financial situation or needs. The company includes warnings about borrowing and about comparison rates, which are true only for the examples given and may not include all fees and charges.