Tell us about you

Fees and charges payable. Amounts shown don’t include fees.

What are you borrowing for? Renovate Travel Wedding Car Motorbike Consolidate debt Purchase shares Household goods Other
Number of borrowers

You can only apply as a sole applicant. You’ll have all the repayment obligations, even if someone else will be receiving a substantial benefit from the loan.

 One
Borrower One
Marital Status Single Couple
Number of dependents
Do you share dependents with borrower two? Yes No
Borrower Two
Marital status Single Couple
Number of dependents

Tell us about your income

Borrower One
Your income (after tax) weekly fortnightly monthly annually
Do you have any other sources of incomes? Yes No
Your total other income (after tax) weekly fortnightly monthly annually
Borrower Two
Your income (after tax) weekly fortnightly monthly annually
Do you have any other sources of income? Yes No
Your total other income (after tax) weekly fortnightly monthly annually

tell us about your expenses

Are your expenses shared with borrower two? Yes No
Borrower One
Mortgage repayments or rent weekly fortnightly monthly annually
General living expenses

Please include in this section the following types of expenses:

  • Basic housing and property expenses (inc utilities)
  • Communications & Media
  • Food & Groceries
  • Clothing & Personal Care
  • Transport
  • Insurance
  • Recreation & Entertainment
  • Medical & Health
  • Education
  • Childcare and any other expenses
 weekly fortnightly monthly annually
Total of your credit card limits
Do you have any other personal loans? Yes No
Other personal loan repayments weekly fortnightly monthly annually
Borrower Two
Mortgage repayments or rent weekly fortnightly monthly annually
General living expenses

Enter your total estimated living expenses. For example, bills, transport, food, entertainment etc. If you need help, you can use our Budget Planner tool.

 weekly fortnightly monthly annually
Total of your credit card limits
Do you have any other personal loans? Yes No
Other personal loan repayments weekly fortnightly monthly annually

Your borrowing terms

A flexible personal loan to suit your needs. Fees and charges payable. Amounts shown don’t include fees.

You could borrow up to
And pay it off over (years) 1 2 3 4 5 6 7
You can choose to make repayments every Week Fortnight Month
And have your interest rate

A fixed rate means your loan's interest rate and repayments will stay the same for the loan term. Redraw won't be available. A variable rate means your loan's interest rate and repayments could move up or down.

 Variable Fixed

NAB personal loan benefits

  • No penalties, exit fees or surprise charges

  • Receive funds in one business day once your loan is approved and accepted

  • Redraw extra funds on variable rate loans

  • Convenient online document acceptance through NAB Internet Banking

  • Borrow from $5,000 up to $55,000

How much can I afford to borrow?

Whether it’s for a car purchase, holiday, a wedding or home renovations, it’s important to know your borrowing power.

Your borrowing power is the amount of money which you can borrow and pay back to a lender. It indicates how much money you can safely afford to borrow without defaulting on your repayments.

To gain an understanding of how much you can afford to borrow, you can use the personal loan calculator to estimate your borrowing power. Start by selecting what event or item you are borrowing for and go from there.

What are my personal loan repayment options?

Depending on how you like to budget, your repayments can be weekly, fortnightly or monthly. You can also make additional lump sum repayments at no extra charge – meaning you can pay off your loan early with no fees. You can repay your loan by setting up a direct debit using NAB Internet Banking, transferring funds via NAB Telephone Banking, or in person at your nearest NAB branch. See how much your repayments could be at our personal loan repayment calculator.

OUR INTEREST RATES EXPLAINED

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.

Fixed rates versus variable rate

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.

Comparison rate

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.

Find out more about personal loan terms and interest rates.

Important information

Interest rates are subject to change.

* Calculations are based on an example interest rate and are estimates only. The amount does not include the monthly Loan Service Fee and the Application Fee. The interest rate you get may be different from the example rate and will be based on several factors, including the information you provide and our credit assessment.

- Minimum interest rate for a variable rate loan is 6.99% p.a. (7.91% p.a. comparison rate) and the maximum interest rate is 20.49% p.a. (21.33% p.a. comparison rate).

- Minimum interest rate for a fixed rate loan is 6.99% p.a. (7.91% p.a. comparison rate) and the maximum interest rate is 20.49% p.a. (21.33% p.a. comparison rate).

Comparison rate calculated on unsecured 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.

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.

We're ready to help you

If you have any questions or are unable to apply online, visit us in at your nearest branch – we’ll be happy to help.
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Any advice on our website has been prepared without considering your objectives, financial situation or needs. Before acting on any advice, consider whether it is appropriate for your circumstances and view the Product Disclosure Statement or Terms and Conditions available online or by contacting us. Credit applications are subject to credit assessment criteria. Interest rates, fees and charges are subject to change. Target Market Determinations for our products are available at nab.com.au/TMD. Products issued by NAB unless stated otherwise.

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