Nimble Loans – We are healthy. In fact, we have been for a long time. We started our journey in 2005 and this is not an ordinary startup story. Our founders put their heart, soul and every penny they earned into it. In fact, they were so determined to make it work that they often mowed lawns or did odd jobs to raise money to make the magic happen. And we did – since then we’ve funded over 1.7 million loans to our customers across Australia. (then known as Cash Doctors) was born and the journey to improving credit for all began.
We wanted to remove the traditional barriers associated with lending. We knew that money had to be available to those who needed it most, and that it had to be quick, easy and painless. We made it happen. In 2009, we were the first company to go paperless in Australia. Then in 2011 we were able to offer direct recycling. In 2013, we started paying our customers every day of the week. By 2016, we financed 1 million credits. We were able to serve our customers, they kept coming back, and we kept our promises.
Then, in 2019, we thought….hey, we know this lending well, let’s create new products for our customers. We knew this would be better for the Australian customer, so we applied the same logic – removing barriers, offering solutions and continuing to improve lending for everyone.
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The future is bright, the vision is great, and the team is enthusiastic. Speaking of the team, here are the people behind the brand. Fast loans. Superficial microfinance that transcends ethics and relies on locking the poor and desperate in an endless cycle of interest and returns to thrive.
But with its Flash app, sleek, modern design, and huge advertising budget, Nimble almost became a household name in 2015 as its ads began popping up all over the store.
Unfortunately for them, consumers aren’t the only ones suddenly paying attention to them. The Australian Securities and Investments Commission is also starting to take notice.
Small loans at exorbitant interest rates brought the company to a standstill, and ASIC ruled that Nimble must repay more than $1.5 million to more than 7,000 consumers.
Patrick Baron, Nimble ‘to Many Selfies’, Mccann Melbourne. On Vimeo
The consumer watchdog ruled that Nimble made “serious errors” in its credit approval process and failed to properly assess the financial situation of some customers. Instead, they simply relied on a simplistic algorithm that didn’t take into account external variables, such as repeated customer borrowing from multiple sources over a short period of time.
ASIC ordered Nimble to repay the money within six months, as well as donate $50,000 to the Australian Financial Advisory Board and engage an external compliance consultant to review their operations. business”.
“Nimble recognized these issues and quickly resolved them. Around 1.2 per cent of loans written off between 1 July 2013 and 22 July 2015 were affected. The problems with the assessment of these applications were completely unexpected and resolved in cooperation with ASIC. There were no negative results against Nimble.
Yes That’s because all flawless findings come standard with a mandatory $50,000 donation to an organization directly dealing with your “problems”.
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Nimble’s advertising campaign has been criticized by industry experts for encouraging customers to use household bills as a means of payment rather than because of the service provider’s financial problems.
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From tables to colorful themes, here are the biggest picnic trends to spice up your grazing routine. When the dentist or plumber calls, we’re here. Small loans are a quick and easy solution.
If your loan is approved before 4.30pm on a banking day, you can get a cash loan within 60 minutes.
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We know it’s quick and easy, but you may have questions. Give us a call – we’re in Australia and ready to help.
Great! They helped me several times when I got stuck with my daughter. They will tell you about the deposits before they accept the loan. They are easy to deal with and there are no problems. Thank you very much.
Transactions are easy and efficient. It’s great to know that I can get money quickly and without complicated forms or signing at home. I enjoy choosing the payment term.
I have used it many times when I needed cash, ASAP money was transferred within minutes
Nimble By Ollie
This is important – we only offer loans to customers who are over 18, are Australian citizens or permanent residents, are employed and have less than 50% of their income from Centrelink. If you do not meet these criteria, we will not approve the loan. Our expert team will check all these details before offering you a loan.
After receiving your application, our team will review your financial history and use the information to decide whether you can afford to pay your bills. Just because you meet the above requirements doesn’t guarantee you a loan offer if we don’t think it’s right for you.
If we turn you down for a small loan, it doesn’t mean we won’t grant you a loan if your circumstances change in the future. We recommend waiting at least two weeks before using again.
Applying for a small loan takes only a few minutes. To speed up this process, take your driver’s license/passport and bank access documents. You will be surprised how painless it is to use.
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Our origination fee is 20% of the principal borrowed and our monthly fee is 4% of the principal borrowed each month. For example, a $1,000 microloan over three months would charge you $200 upfront and a $40 monthly fee—realistically, that’s manageable, right?
We’ve been lending experts since 2005. We’ve got smart technology and smart people who’ve made 1.7 million loans to Australians like you.
Once you accept a loan offer, your cash will be deposited directly into your bank account within 60 minutes if you accept the loan before 4.30pm AEST on bank days*.
If you are unable to pay on time it is best to notify us of any charges and fees as soon as possible, please see our payment notice for more details. If you are concerned, please contact our customer support team immediately by calling 133 156 or emailing repayments@. The team will help you determine your options.
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Our small loans from $300 to $2,000 have no APR. These loans are fee-based, so they don’t have an annual interest rate.
Small personal loans are not renewed by switching or refinancing the loan, so we do not charge renewal fees. If you’re looking for a revolving loan, try our new AnyTime product (similar to a credit card, but better).
Loan terms for small loans range from 62 days to 9 months, depending on how much you borrow.
Absolutely! We want you to get out of debt as quickly as possible, so we encourage you to pay us back as soon as you feel comfortable. If you want to make additional payments or repay the loan early, call our team on 133 156 or write to repayments@
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Our team checks the creditworthiness of every new customer who applies for a small loan. If you are a returning customer, we can also run a credit check. If you are bankrupt, in debt settlement, or have multiple negative listings on your credit file, your application will be denied. But your credit history isn’t an automatic yes or no.
Your credit history is a piece of the puzzle that makes up your loan decision. Our team has been in the business for years and can check if you have the financial stability to pay comfortably.
Wow, you have impressive skating skills. However, this is near the end of the page. Click below to apply for a small personal loan. Apply Now Nimble, one of Australia’s first disruptive lenders, is pushing for faster funding. But over the past year, that vision has taken a serious turn as CEO Gavin Slater has sought to transform the company from a short-term lender into a true customer-focused fintech.
Transformation is never easy, especially at the speed required to compete in Australia’s booming fintech ecosystem. Nimble partnered with Nimble over a seven-month period to provide product delivery coordination and technical excellence to build the new AnyTime credit product.
Nimble Small Loan
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