Debt consolidation loan | Personal loan - NAB
Why consolidate debt with NAB?
Managing multiple debts at the same time can be overwhelming, stressful and expensive. Debt consolidation can help you take control of your money by combining your debts into one loan so you can focus on what matters.
All your debt in one spot
Simplify your debt repayments by bringing them together into one loan with one repayment.
Save on fees and interest
Lose extra fees and even pay off your loan early for no cost, with interest rates from 7.00% p.a. to 21.00% p.a. (comparison rate 8.05% p.a. to 21.88% p.a.).
Build financial certainty
You don't have to do this alone. Join thousands of NAB customers taking control of their debt, all with the support of our experts.
What can I consolidate?
All our personal loans include:
Fees
- $0 exit fee
- $0 late payment fee
- $15 monthly fee
- $0 application fee
$250 application fee waiver valid for applications started from 19 November 2025 to 26 February 2026. Other fees and charges apply.
Features
Considerations
Choose between fixed or variable rate options
Variable rate personal loan
Your interest rate may change, meaning your repayments can go up or down over the life of the loan. You also have the option to redraw funds if you're ahead on your loan.
| Interest rate | From 7.00% p.a to 21.00% p.a. |
|---|---|
| Comparison rate | From 8.05% p.a to 21.88% p.a. |
Fixed rate personal loan
Your interest rate doesn't change, so your repayments stay the same for the whole loan term. Fixed rate loans don't have the option to redraw extra funds.
| Interest rate | From 7.00% p.a to 21.00% p.a. |
|---|---|
| Comparison rate | From 8.05% p.a to 21.88% p.a. |
How we calculate your rate
The rate we offer you will be based on your banking history with NAB, information provided in your application and your credit history report. This rate could change and is subject to verification of the information you provide and may be different on the day of settlement. Find out more about creditworthiness and how to improve your credit score.
The application process
Step 1
Plan your finances
Use our simple debt consolidation calculator to see if a personal loan can help you save money and reduce your debt admin and overwhelm.
Step 2
Apply online
Gather your required documentation and apply for a variable or fixed rate personal loan.
If approved, we give you a personalised rate based on the information in your application.
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To apply online, you need to be:
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You’ll need to provide us with:
If you’re an existing customer, you’ll also need your NAB ID.
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Reach out to NAB to find out why your application was declined. We offer free, confidential financial assistance to help you understand your situation and explore alternatives, and contacting us won’t affect your credit score.
Consider if a debt consolidation loan is right for you
Using a personal loan to consolidate your debts can be a great option, but it's not for everyone. Our debt consolidation calculator can help you find out if this is a good choice for you. If you’re not sure where to start and need some help, we’re here to support.
Other calculators
Personal Loan borrowing power calculator
Estimate what you can afford to borrow and how much the repayments will be.
Personal loan repayment calculator
Calculate what your repayments could be with a NAB Personal Loan.
Frequently asked questions
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Yes, your credit score will be impacted once you submit your loan application.
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We show a range of possible rates because everyone’s personal loan rate is different. Your rate depends on things like your banking history with NAB, income, expenses, debts and credit history. Your final rate will be based on your own financial situation.
When you apply, we look at your application and, if you’re conditionally approved, we will provide an estimated interest rate before you decide to continue. Once your information is checked, your final rate will be confirmed in your loan documents. Keep in mind that the rate shown in the loan documentation is subject to change and may be different on the day of settlement. -
Debt consolidation means combining several debts, like credit cards or personal loans, into one new loan with one regular repayment.
Refinancing means replacing an existing loan with a new one. People usually refinance to get a better rate, new features, or to move to another lender.
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Examples of debts you can’t consolidate:
- Home loans
- Business debt
- Property or asset loans
- Unverified debts
- HECS-HELP debt
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Our debt consolidation personal loan can support you to simplify your debts, whether your loans are with NAB, another lender or a combination of both.
Even if none of your debts are with NAB, you can still apply for a personal loan with us – you’ll just need to provide the details of those debts as part of your application.
Help, support and financial assistance
Financial assistance
Needing to reach out for financial assistance can happen to anyone. You’re not alone. We’re here to help. Learn more about our financial assistance.
Credit card and personal loan financial assistance
If you’re having trouble keeping up with your payments on your credit card, personal loan or NAB Now Pay Later products, we’re here to help.
How to pay off your debt
Read our tips to help you pay off your debts.
Contact us
Visit a NAB branch
Visit your nearest NAB branch to speak to us in person.
Call us
National
Monday to Friday, 8:00am to 7:00pm (AEST/AEDT)
Saturday to Sunday, 9:00am to 6:00pm (AEST/AEDT)
Western Australia
Monday to Friday, 8:00am to 7:00pm (AWST)
Saturday to Sunday, 9:00am to 6:00pm (AEST/AEDT)
Within Australia: 13 22 65
Overseas: +61 3 8641 9083
Terms and Conditions
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Terms and conditions and fees and charges apply. Approval and loan amount are subject to our credit assessment criteria. Information, including fees are subject to change. See our general terms for personal loans, personal banking fees and charges and indicator rates for other personal lending.
Target Market Determinations for these products are available at nab.com.au/TMD.