More rates and fees information
- Application fee - $150.
- Monthly fee - $10.
- Exit fee - $0.
- See all our Interest rates, fees and charges personal products.
variable rate (for new loans only)1
variable comparison rate2
fixed rate (for new loans only)
fixed comparison rate2
Still searching for the right car? Get upfront conditional approval for up to 3 months when you apply online4.
Apply in a Branch and bring these things along for the best chance of getting your funds the same day.
Self-employed? We’ll need to verify:
If your business runs as a partnership, company or trust we’ll also need the following documents:
You can email these documents to firstname.lastname@example.org.
Here are some tips to improve your chances of being approved.
1. Check that you’re eligible to apply
You need to:
2. Check how much you can borrow
Use our Borrowing Calculator to get an idea of how much you may be able to borrow.
3. Build a good account history with us
· Got a NAB account? Get your salary paid into the account to establish a transaction history.
· Avoid overdrawing your account to show you’re able to manage your finances effectively.
· New to NAB? Begin a banking relationship with us first. It’s easy. Open a transaction account and pay your salary into it to start your transaction history.
This won’t guarantee approval on your application but, it will help us understand your financial position better.
4. Set up a regular savings plan
Show you can afford to service a loan by saving a set amount regularly (every week or month). This shows us you’re more likely to manage making regular loan repayments too.
5. Understand your credit report
Your credit history may affect how much you can borrow as well as your chances of approval. Activity such as overdue bills, missed credit card payments, arrears or debt collection could be recorded at a credit reporting body.
For more information, check out:
Watch this video to help complete your loan documents.
1 Rates and information current as at 1 March 2016 and subject to change. NAB personal variable loan rate includes special discount off standard variable personal loan indicator rates which is available on new loans and for a limited time. Terms, conditions, fees, charges and lending criteria apply.
2 Comparison rate calculated on unsecured loan amount of $30,000 over a term of 5 years based on monthly repayments.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
3 Complete applications (including all supporting documentation) must be submitted in store by 2pm Monday-Friday. Same day funds may be unavailable if NAB requires your application to be reviewed by a lending specialist.
4 Conditional approval lasts for up to 3 months, and is subject to verification of the information provided in your application. Once you're ready to proceed with the loan just let us know and we'll resume your application. To provide conditional approval we'll need to complete a credit check. This will be recorded on your credit file.