Understanding our interest rates and fees
We offer a range of rates on our 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.
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.
| Loan type | Interest rate | Comparison rate |
|---|---|---|
| Variable rate loan | Interest rate
From 8.49% p.a. to 20.49% p.a. |
Comparison rate
From 9.88% p.a. to 21.78% p.a. |
| Fixed rate loan | Interest rate
From 8.49% p.a. to 20.49% p.a. |
Comparison rate
From 9.88% p.a. to 21.78% p.a. |
| Fees | |
|---|---|
| Application fee One-off payment when loan is established |
$250 |
| Monthly fee | $15 |
| Exit fee | $0 |
| Late payment fee | $0 |
If you’re interested in the indicator rates for our variable rate personal loan, please see our indicator rates for other personal lending.
Note: Our indicator rates for personal loans are used to calculate the variable rates for our personal loans. The variable interest rate for a NAB Personal Loan will either be the indicator rate, or it will be the indicator rate plus or less a margin.
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Related products and services
Personal loans
You can use our personal loan to get the car you want, consolidate your debts or for something else, like a new motorbike, boat, or renovation.
Personal loan for a car
Dreaming of a different drive but need a car loan? A NAB Personal Loan can get you on the road.
Personal loan for debt consolidation
Multiple debts can be difficult. Put it all in one place and get a helping hand with a NAB Personal Loan for debt consolidation.
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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.