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
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 email@example.com.
Here are some tips to improve your chances of being approved.
1. Check that you’re eligible to apply
You need to:
Note: To apply online you must be a NAB customer.
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:
1 Rates and information current as at 14 December 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.
3Only available to existing customers who have an active NAB account for at least 6 months and transact regularly. Complete applications (including all supporting documentation) must be submitted in store by 2pm Monday-Friday. Same day funds will be unavailable if your loan purpose is to refinance NAB debts or if NAB requires your application to be reviewed by a lending specialist. Speak to us to find out more.