We address the problem of designing simultaneous input and state interval observers for Lipschitz continuous nonlinear systems with rank-deficient feedthrough, unknown inputs and bounded noise signals. Benefiting from the existence of nonlinear decomposition functions and affine abstractions, our proposed observer recursively computes the maximal and minimal elements of the estimate intervals that are proven to contain the true states and unknown inputs. Moreover, we provide necessary and sufficient conditions for the existence and sufficient conditions for the stability (i.e., uniform boundedness of the sequence of estimate interval widths) of the designed observer, and show that the input interval estimates are tight, given the state intervals and decomposition functions.