Reasons to apply for a personal loan
We offer a range of personal loans, including secured and unsecured options. Our loans can be used for a variety of reasons, such as buying a car, renovating your home or a special event. What are you looking for?
Benefits of our loans
Competitive interest rates
Get a tailored interest rate based on your personal circumstances.
Flexible loan terms
Choose a loan term that suits you.
Zero exit fees
No penalties or exit fees if you pay off your loan early.
Choose a personal loan that's right for you
Compare our personal loan options to find one that’s suitable for your needs.
Unsecured personal loan
You can use our unsecured personal loans to get the car you want, consolidate your debts or for something else, like a new motorbike, boat, or renovation.
Offer
$0 application fee (save $250)
Offer valid from 6 March to 31 May 2025. Other fees and charges apply.
Variable rate personal loan
If you make extra repayments, you’ll have the flexibility to redraw them at any time.
| Interest rate | From 7.49% p.a to 20.49% p.a.View Disclaimer 1 |
|---|---|
| Comparison rate | From 8.53% p.a to 21.38% p.a.View Disclaimer 2 |
Features
Fees
- $0 exit fee
- $0 late payment fee
- $15 monthly fee
- $0 application fee (save $250)
Offer valid from 6 March to 31 May 2025. Other fees and charges apply.
Fixed rate personal loan
Lock in your interest rate and enjoy the certainty of fixed repayments for the life of your loan.
| Interest rate | From 7.49% p.a to 20.49% p.a.View Disclaimer 1 |
|---|---|
| Comparison rate | From 8.53% p.a to 21.38% p.a.View Disclaimer 2 |
Features
Fees
- $0 exit fee
- $0 late payment fee
- $15 monthly fee
- $0 application fee (save $250)
Offer valid from 6 March to 31 May 2025. Other fees and charges apply.
Compare personal loan rates and fees
We offer a range of rates on our personal loans. The interest rate you’re offered is based on your personal circumstances. We decide your rate based on:
- your banking history with NAB
- information you provide in your application, including income, assets, debts and expenses
- your credit history report including your credit score.
Find out more about credit-worthiness and how to improve your credit score.
After you submit your application, we’ll give you an indicative interest rate if you’re conditionally approved. This is subject to verification of the information you give us in your application.
Once we’ve verified your information, we’ll give you the loan documentation setting out your interest rate and other important information. Keep in mind that the rate shown in the loan documentation is subject to change and may be different on the day of settlement.
Secured car loan
Secured car loans are only available to existing NAB customers. Don't bank with NAB yet? You can still apply for an unsecured personal loan.
NAB Car Loan
We’ve partnered with Plenti, so you can get your rate quote on a secured loan in as little as one minute without impacting your credit score. Credit provided by NAB.View Disclaimer 4
| Personalised fixed rate | From 6.49% p.a to 13.29% p.a. View Disclaimer 5 |
|---|---|
| Comparison rate | From 8.05% p.a to 14.79% p.a. View Disclaimer 6 |
Features
Considerations
- The interest rate will be fixed for the loan term
- Repayments are required monthly by direct debit
- No redraw is available from extra funds
- Sole borrowers only can apply
- Your car will be used as security for repayment of the loan
Fees
- $0 exit fee
- $7 weekly late payment fee
- $15 monthly loan service fee
- $350 loan establishment fee
NAB Car Loan for all-electric and plug-in hybrid cars
We’ve partnered with Plenti, so you can enjoy discounts on a secured loan for all-electric and plug-in hybrid cars.
| Personalised fixed rate | From 5.74% p.a to 12.54% p.a. View Disclaimer 5 |
|---|---|
| Comparison rate | From 7.30% p.a to 14.04% p.a. View Disclaimer 6 |
Features
Considerations
- The interest rate will be fixed for the loan term
- Repayments are required monthly by direct debit
- No redraw is available from extra funds
- Sole borrowers only can apply
- Your car will be used as security for repayment of the loan
Fees
- $0 exit fee
- $7 weekly late payment fee
- $15 monthly loan service fee
- $350 loan establishment fee
Compare personal loan rates and fees
We offer a range of rates on our secured and unsecured personal loans. The interest rate you are offered is based on your personal circumstances. We decide your rate based on: ·
- your banking history with NAB ·
- information you provide in your application, including income, assets, debts and expenses ·
- your credit history report including your credit score.
Find out more about credit-worthiness and how to improve your credit score.
After you submit your application, we’ll give you an indicative interest rate if you’re conditionally approved. This is subject to verification of the information you give us in your application.
Once we’ve verified your information, we’ll give you the loan documentation setting out your interest rate and other important information. Keep in mind that the rate shown in the loan documentation is subject to change and may be different on the day of settlement.
Things you should know
Understanding the loan options we offer, along with the different types of interest rates will help you make an informed choice.
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Personal loans allow you to borrow a set amount of money to pay for something or consolidate debts. The amount you borrow must then be repaid in instalments, plus any interest or fees, over an agreed term.
Personal loans are commonly used to fund home renovations, travel, and big purchases like buying a boat, car or motorbike. Personal loans can also help fund a dream wedding day. When it comes to debt consolidation, a personal loan can be used to combine credit card debts and outstanding loans in one spot to help you manage repayments and take control of your finances.
A personal loan can be secured or unsecured.
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The main difference between a secured loan and an unsecured personal loan is whether the lender requires security, such as an asset like a car, property, or savings, which the loan provider can claim if the loan is not repaid.
A secured loan requires security. For a NAB Car Loan, this will be the car you are buying. If the loan can’t be repaid, the car may be repossessed and sold. The borrower will be responsible for covering any outstanding balance after the sale.
An unsecured personal loan means we don’t need any security to give you a loan.
Learn more about the differences between a secured and unsecured loan.
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A fixed rate stays the same for the life of the loan, so your loan repayments will also stay the same.
A variable rate can go up or down over the life of the loan – this means your minimum repayment may change. A variable rate loan also gives you access to a redraw facility, so if you need money unexpectedly you can redraw extra funds you’ve paid.
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A comparison rate is used to help you identify the true cost of the loan, including the interest and some fees and charges. This makes it easier to compare the overall cost of different loans.
When you read comparison rates, take note of the loan amount and the term they’re based on as these affect the comparison rate.
Personal loan calculators
Before you apply, see what you can afford to borrow and repay with our helpful calculators.
Personal loan repayment calculator
Calculate what your repayments could be with a NAB Personal Loan.
Personal Loan borrowing power calculator
Estimate what you can afford to borrow and how much the repayments will be.
Debt consolidation calculator
Understand how your repayments could change by consolidating your debts.
Help and support
We’ve guides and support to help you apply for a loan or manage an existing one.
Other options to consider
Credit cards
Compare between our credit cards to find the right one for you.
NAB Visa Debit cards
Access your own money wherever you are, however you bank.
Savings accounts
Whatever you're saving for, our savings accounts can help get you there sooner.
Get in touch
Visit a NAB branch
Visit your nearest NAB branch to speak to us in person.
Terms and Conditions
- Disclaimer 1
Rates current as at date
Interest rates are subject to change.
- Disclaimer 2
Comparison rate
Comparison rate calculated on unsecured loan amount of $30,000 over a term of 5 years based on monthly repayments.
A comparison rate is used to help you identify the true cost of the loan, including the interest and some fees and charges. This makes it easier to compare the overall cost of different loans.
- Disclaimer 3
Loan amount subject to our credit assessment criteria.
- Disclaimer 4
The NAB Car Loan is provided by National Australia Bank Limited 12 004 044 937 AFSL and Australian Credit Licence 230686 (NAB). NAB has appointed Plenti Pty Limited ABN 29 161 376 638 and Plenti RE Limited ABN 57 166 646 635 AFSL and Australian Credit Licence 449176 (together, Plenti) to help administer NAB Car Loans.
- Disclaimer 5
Interest rates are subject to our credit assessment criteria
- Disclaimer 6
Comparison rate calculated on a secured car loan amount of $30,000 over a term of 5 years based on monthly repayments.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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