Regarding the importance of short circuit and inrush current simulations in the split-winding transformer, a novel nonlinear equivalent circuit is introduced in this paper for nonlinear simulation of this transformer. The equivalent circuit is extended using the nonlinear inductances. Employing a numerical method, leakage and magnetizing inductances in the split-winding transformer are extracted and the nonlinear model inductances are estimated using these inductances. The introduced model is validated and using this nonlinear model, inrush and short-circuit currents are calculated. It has been seen that the introduced model is valid and suitable for simulations of the split-winding transformer due to various loading conditions. Finally, the effects of nonlinearity of the model inductances are discussed in the following.