Benefits of a NAB Personal Loan
Our unsecured personal loans can provide flexibility and certainty for your medical or dental needs.
No penalties or exit fees
No penalties when you make early repayments or exit fees when you pay off your loan sooner.
No surprise charges
No surprise charges including no late payment fees.
Get funds in one business day
If you’re approved and accept our loan through NAB Internet Banking, receive your funds in one business day.
Ability to redraw extra funds
Redraw available on a variable rate loan if you’re ahead on repayments, giving you some flexibility if medical costs are more than expected.
Borrow from $5,000 with flexible borrowing loan terms
Borrow up to $55,000 with a loan term to suit your needs. Choose from one to seven years, with weekly, fortnightly or monthly repayment options.
No assets needed
NAB Personal Loans are unsecured, so you don’t need to provide assets as collateral to get the care you need. Although you’ll need to be receiving a regular income and meet our lending criteria.
Reasons for a personal loan to fund a medical procedure
Whether you’ve had an unexpected illness or injury, medical or dental expenses can add up. A dental loan, cosmetic surgery loan or other medical loan could help if your procedure hasn’t been covered under Medicare, or you’ve got out of pocket insurance costs. You might want to consider taking out a loan for:
- medical procedures, including orthopaedics
- optical treatment or laser eye surgery
- dental work including dental surgery, orthodontics like braces, and prosthodontics
- hearing and audiology
- cosmetic or plastic surgeries
- specialist treatments, including IVF treatments
- specialist appointments or major hospital expenses
- vet bills for pet care.
Personal loan calculators
Before you apply, see what you can afford to borrow and repay with our helpful calculators an unsecured personal loan.
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.
Compare personal loan 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.
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.
Personal loan interest rates
| 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. |
Personal loan fees
| Application fee One-off payment when loan is established |
$250 |
|---|---|
| Monthly fee |
$15 |
| Exit fee | $0 |
| Late payment fee | $0 |
Ready to apply for medical finance?
Apply online and get a response in 60 seconds.
Our interest rates explained
Understanding the different types of interest rates will help you make an informed choice.
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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 either 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 term that they are based on. These affect the comparison rate and you want to be comparing apples with apples.
Other options to consider
Not sure a personal loan for your medical expenses is right for you? Check out our other options.
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.
Help and support
We have guides and other resources to help you apply for a new personal loan or manage your existing one.
Other ways we can help
Use our help guides, FAQs and other support services to help you manage your banking more easily.
Get in touch
Visit a NAB branch
Visit your nearest NAB branch to speak to us in person.
Terms and Conditions
Apologies but the Important Information section you are trying to view is not displaying properly at the moment. Please refresh the page or try again later.
Consider the NAB Internet Banking Terms and Conditions which apply when using NAB Internet Banking.
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.