close

Larger loans, longer schedules.

December 11th, 2015

Need a bigger loan?

Woo hoo! We’ve got some awesome news to start your week…

You might notice some pretty radical changes ‘round here.

Actually, people have been asking for them for a while now, so we sat up, took notice and knuckled down to bring them to you.

So without further ado, here they are…

Firstly, now you can request up to $5,000*.

If the money is for something bigger, like booking your next overseas trip, it could come in handy – and you won’t be married to a lifetime of debt (hello, Europe).

Europe

Secondly, a lot of people have said they want more flexibility in their repayments.

So when you set up your next loan, before you confirm it, you can extend your schedule to make the repayments a bit smaller*. Find the perfect balance of comfortable repayments with smaller instalments, while still being able to pay your loan off fast, and get on with your life.

Want more info?

We’ve broken up our loan types into two:

Small Loans

  • Loan amount: $100 to $2,000
  • Loan term: from 62 days up to 1 year
  • Fees and charges: If the principal amount you borrow is between $100 – $2,000 you’ll pay: 

        – Establishment fee: up to 20% of the principal amount

         – Monthly loan fee: up to 4% of the principal a month

Medium Loans

  • Loan amount: $2,001 to $5,000
  • Loan term: from 62 days up to 2 years
  • Fees and charges: If the principal amount you borrow is between $2,001 – $5,000 you’ll pay:

        – Establishment fee: up to $400

        – Interest charges based on the Annual Percentage Rate (APR): 39.20%

        – Comparison Rate**: 56.60% p.a.

The stuff you should know about our new Medium Loans:

**This comparison rate is based on our Medium Loan for an amount of $2,500 over 2 years and a $400 establishment fee.

WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Nimble does not offer loans for $2,500 over a term of 2 years.

See our full Fee Statement for fee details, including fees that may apply if you don’t make your payments as scheduled after you sign the loan contract.

The really awesome news:

So next time you apply for a Nimble loan, you’ll have more options. Request more money. Make your schedule a little longer, or keep it all the same. It’s totally up to you.*

Need some money? Try it out for size: www.nimble.com.au/  

 

 

*Loans are subject to meeting Nimble’s lending criteria and suitability checks. Approved borrowers may be eligible for a loan from $100 up to $5,000.   Borrowers approved for a Small Loan are only eligible to borrow up to $1,600 on their first Small Loan.

The information contained in this blog is correct at the date of publication.

Avatar