Loan cover

NAB Personal Loan Cover

NAB Personal Loan Cover (for personal loans) is an insurance policy that can help, in certain situations, to protect your NAB Personal Loan if death, disability or involuntary unemployment should affect your ability to make repayments. You're not obliged to buy insurance for your loan.

It's important that you read the NAB Personal Loan Cover PDS (596KB) and NAB Financial Services Guide before making any decisions about acquiring the product.

Important information about NAB Personal Loan Cover

MLC Limited ABN 90 000 000 402, AFSL 230694 is the insurer and issuer of Personal Loan Cover which has been branded and distributed by National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 (NAB). MLC Limited may pay benefits to NAB and its related bodies corporate for the distribution of this product. This insurance is not a deposit with, a liability of, or guaranteed by NAB. MLC Limited is part of the Nippon Life Insurance Group and not a part of the NAB Group of Companies. Any financial advice in this notice is general only and has not been prepared having regard to your personal circumstances. You should consider your personal circumstances before acting on any advice in this notice. You should consider the PDS at NAB Personal Loan Cover (PDS, 596KB) or by phoning 13 22 95 or by downloading it via the link in the loan application before deciding whether to acquire or continue to hold the product.

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