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When you're planning a project, such as a renovation or even a wedding, we know you often have a lot to contend with, not to mention a number of significant purchases to make. That's where a NAB Personal Project Loan can help, by giving you the freedom to choose your suppliers and buy what you need, when you need it.
A Personal Project Loan combines the flexibility of a Visa card with the control of a personal loan. You can make purchases as little as $3001 from the suppliers you want over a period of 60 days. Repayments are made monthly and begin after you start using your account.
NAB Personal Project Loan key features at a glance
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NAB Personal Project Loan |
| Credit limit |
$5,000 up to $35,000.
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Interest Rate
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Variable |
| Interest free period |
60 days |
| Minimum transaction amount |
$300
Each transaction under $300 will incur a Low Value Transaction Fee.
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Repayment period
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Up to 7 years |
Repayment frequency
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Monthly |
| Repayment methods |
Direct debit, NAB branch, NAB Telephone Banking2 or NAB Internet Banking2, BPAY® or mail. |
Access to funds
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You can access your funds for 60 days to make project purchases by:
- Visa merchants
- Internet banking2
- Telephone Banking2
- NAB branch3
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| Additional card available4 |
Yes |
What you need to apply
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- personal identification (AUSTRAC 100 point test) if you are a new customer
- your driver's licence details
- the value of your home and car, if applicable, and any other assets
- the amount owing on your loans, credit cards or store cards
- your income and employment details
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More information?
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Frequently asked questions
Additional cardholder request form (PDF, 245KB)
Direct Debit request form (PDF, 252KB)
Terms and conditions (PDF, 2.3MB)
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Applying for a Personal Project Loan is easy!
You can apply for a Personal Project Loan online or call 13 13 12 from 8am to 9pm EST, 7 days a week.
Hearing impaired customers with telephone typewriters can contact us on 13 36 77 from 8am to 8pm, Monday to Friday.
Please note 'retrieve' is only available for NAB Personal Project Loan applications.
Terms and conditions available on application. Fees and charges are payable. Normal lending criteria apply.
® Registered to BPAY Pty Ltd ABN 69 079 137 518
1.Each transaction under $300 will incur a Low Value Transaction Fee.
2. Terms and conditions apply and are available upon registration for the service. Fees and charges may be payable.
3. Accessing funds in a non-NAB branch will incur a non-NAB Branch Withdrawal Fee.
4.The account holder is responsible for all transactions conducted with additional card. The holder of an additional card must be over 16 years of age.
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