NAB Car Loan powered by Plenti

NAB has partnered with Plenti, an award-winning fintech lender, to provide faster secured car loans. With a NAB Car Loan, you'll enjoy competitive rates and no exit fees when buying or refinancing your car. You'll also get to spend more time cruising the open road and less time on your loan application thanks to Plenti's smart, paperless borrowing experience.  This product is currently in pilot. Expect more updates to come.

Benefits of a NAB Car Loan

Zero exit fees

No penalties or exit fees when you pay off your loan faster.

Flexible loan terms

Choose a loan term that suits you.

Competitive rates

Personalised fixed rates from 6.99% p.a. to 13.99% p.a.  (comparison rates from 8.54% p.a. to 15.48% p.a. ).

Borrow up to $100,000

You can borrow from $10,000 and up to $100,000 .

Flexible loan term

Monthly repayments on loan terms from one to seven years.

Things to consider

Before you apply for a NAB Car Loan, here are a few things to consider.

  1. The interest rate will be fixed for the loan term

  2. Repayments are required monthly by direct debit

  3. No redraw is available from extra funds

  4. Sole borrowers only can apply

  5. Your car will be used as security for repayment of the loan

NAB Car Loan fees

Loan establishment fee

$350
Loan service fee $15 per month
Late payment fee $7 per week
Exit fee $0

Eligibility Check you’re eligible to apply online

  • You’re an existing NAB personal customer and registered for NAB Internet Banking.

  • You’re 21 years or older.

  • You’re purchasing an eligible  new or used car up to 12 years old at the time of application (based on build date).

  • You’re an Australian citizen, New Zealand citizen or Australian Permanent Resident.

  • Your residential address is in Australia.

  • You’re receiving a regular income.

How to apply

Step 1: Get your rate quote

You can get a quote in as little as a minute without impacting your credit score. Simply tell us a few things about yourself and the car you’re looking to purchase (if you know it yet).

Once you have a rate quote, you can customise your loan details to get an estimate of your monthly repayments.

Step 2: Submit your application

Tell us more about yourself, such as your income, expenses and debts, and the car you’re looking to purchase.

Step 3: We’ll review your application

We’ll let you know if you’re conditionally approved and what additional information we need to finalise your loan such as the vehicle details, typically within one business day.

Step 4: Review and sign your loan

To finalise your loan offer, you’ll need to review and sign the loan contract.

Step 5: Funds are ready

Funds will be transferred to the vendor within one business day of us agreeing the loan.

Tips Car buying guides

Buying a car

Buying a car? We'll show you some finance options along with cost saving tips on running your car.

Car dealership finance

​Questions you should ask before applying for car dealer finance.

New car finance options

How to get behind the wheel – sooner than you might think.

Help and support

We have guides and support to help you apply for a loan or manage an existing one.

Other products to consider

Still interested in buying a car? Here are some other options that may suit your needs.

NAB Car Loan for an electric vehicle

Go electric and save on interest with a NAB Car Loan.

Car loans

With a loan from us, you can buy your dream car, first car or something in between.

Get in touch

Call an expert

Speak with one of Plenti’s loan specialists.

1300 768 700

Monday to Friday, 9:00am to 5:30pm (AEST/AEDT)
Closed on National Public Holidays

Terms and Conditions