Wallet Wizard and Nimble are two of Australia’s most recognisable online cash lenders, with eye-catching ad campaigns seen by people across the country. If you need quick cash, it’s important to understand what each of these services can offer, as well as whether there are any suitable alternatives available for you.
Rates and product information are correct as of July 2025.
Wallet Wizard vs Nimble comparison
| Wallet Wizard | Nimble | |
|---|---|---|
| Primary product | Line of credit | Small cash loan |
| Borrowing cap | From $500 to $8,000 | From $500 to $5,000 |
| Cost | 47.80% p.a. interest |
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| Other fees |
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| Loan terms | Not disclosed |
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| Online application | Yes | Yes |
| Payment speed | Within minutes of approval via OSKO (up to three hours if OSKO isn’t supported, provided loan is confirmed by 2:30pm AEST on a banking day) | Within 60 minutes of approval (if loan is confirmed by 4:30pm AEST on a banking day) |
| Usage of funds | However you like | However you like |
The key difference between Wallet Wizard and Nimble is the way funds are granted and the borrowing limits they offer. Wallet Wizard allows users to get approved and access funds through an ongoing line of credit up to $8,000. On the other hand, Nimble requires you to make an application for a single lump sum cash loan with a borrowing limit of $5,000.
How do Wallet Wizard's small loans work?
With Wallet Wizard, borrowers can access lines of credit ranging from $500 to $8,000, allowing for flexibility in managing financial needs. This means you’ll be able to access funds up to an approved limit whenever you like, rather than receiving a single lump sum.
Minimum repayments are determined by the individual credit limit and chosen payment frequency. There are no additional charges for early repayments, giving borrowers the freedom to settle their debt sooner if they wish.
In terms of the cost, Wallet Wizard charges a 47.80% p.a. interest rate on your line of credit. This means, for example, if you decided to withdraw $5,000 and repay it in fortnightly instalments over six months, it would cost you $5,660 in total. You’ll only need to pay interest on the balance of your loan, not up to your full credit limit.
How do Nimble's small loans work?
Nimble provides small loans ranging from $500 to $5,000, with repayment terms spanning from as few as three months to as many as 15. The term lengths that are available to you and the cost of your loan depend on whether you’re borrowing between $500 and $2,000 (Small Amount Credit Contract, or SACC, loans) or $2,050 and $5,000 (Medium Amount Credit Contract, or MACC, loans).
The fees and interest related to each loan type are fixed and capped, so you’ll know exactly how much you’ll pay across your loan term. Borrowers have the flexibility to choose their repayment frequency, whether weekly, fortnightly, or monthly, and aren’t penalised for making early payments on either loan type.
Like Wallet Wizard, the application process with Nimble is entirely online. If approved, funds can be disbursed within as few as 60 minutes.
Do both lenders accept bad credit customers?
Yes – both Wallet Wizard and Nimble evaluate loan applications based on a range of factors, not just your credit score. While they do carry out credit assessments in line with Australian responsible lending obligations, they’re more focused on your current financial situation and ability to repay your loan. This means that, even if you have bad credit, you can still be approved.
You can also be approved if you receive eligible Centrelink payments, provided you satisfy their minimum income requirements. Nimble may be able to help out applicants who depend on Centrelink benefits, but will be subject to further assessment. You won’t be approved for a loan with Nimble if you’re unemployed, though.
Wallet Wizard vs Nimble: customer service
One area that’s worth considering if you’re looking to take out a loan is reviews and feedback. This can give you a clearer idea of what their customers think about their products and service. For Wallet Wizard and Nimble, you can see the ratings on two leading review platforms here:
| ProductReview.com.au | Number of reviews | Trustpilot | Number of reviews | |
|---|---|---|---|---|
| Wallet Wizard | 4.2 stars | $1,362 | 4.4 stars | $556 |
| Nimble | 3.7 stars | $297 | 4.7 stars | $296 |
| Review statistics correct as of 3 July 2025. Ratings and reviews are subject to change. | ||||
Looking at the average star rating will point you towards whether the reviews are generally more positive, negative or mixed. It’s also important to read some reviews to look for specific feedback. That way, you can get a better understanding of how they operate.
Wallet Wizard and Nimble alternatives
Of course, there’s a range of other loan options available if you need a fast, small cash loan. These include:
- Another small/medium loan: if you don’t like the look of either lender, there are other cash loan options available. For almost all lenders offering SACC and MACC loans, you can expect the same loan costs. You can apply for a quick loan through Savvy and access the funds you’re after as soon as the same day.
- No Interest Loans (NILs): Good Shepherd offers specialised loan products designed to help you make essential purchases, such as household appliances, furniture, electronics, a rental bond and more. These range from a maximum of $2,000 to $3,000, depending on the use of the funds (you can even take out up to $5,000 for a car).
- Credit card: more of a direct alternative to Wallet Wizard, credit cards also operate on a line of credit basis. While their rates aren’t as high as Wallet Wizard’s, they come without a set payment schedule, making it easier to balloon out in cost. If you’re making a purchase on a credit card, you’ll want to be able to pay it off within your provider’s interest-free period.
- Wage advance: some providers, such as Wagepay and MyPayNow, offer wage advances. These usually allow you to borrow up to 25% of your next payslip, with that amount deducted when you receive it in a week or fortnight’s time, plus a service fee. Because it has such a fast turnaround time, it’s crucial to avoid overusing it.
