Debt consolidation calculator terms and conditions

Our debt consolidation calculator compares the amount you enter as your current repayments to those you’d make with a NAB Personal Loan.

It uses our current personal loan variable interest rate for the debt amount you want to consolidate over your chosen repayment period.

It can tell you how your cash flow will change with a NAB Personal Loan. It doesn’t tell you if you’ll save interest by taking out a NAB Personal Loan.

Tips to help you save on interest

  • Choose a shorter loan term.
  • Pay more than the minimum monthly repayment (our personal loans don’t charge you to pay off your loan early).

A few things to keep in mind

  • We don’t charge you for paying out your debts early, but some other lenders will. Check the rules of your other lenders before consolidating your debts.
  • You can move between weekly, fortnightly and monthly payments to help use the calculator more easily. In doing so, we’ve used an approximate method (i.e. the repayment outcome is an estimate only).
  • Your comparison repayment only relates to your first payment. This's because some of your current repayments may decrease over time.
  • We haven’t included the application or monthly fees that are payable on a NAB Personal Loan.
  • We’ve given you an approximation of how a NAB Personal Loan works. If you want a more accurate indication of your required repayments, call us on 13 22 65.
  • Terms, conditions, fees, charges, lending criteria (available on application) apply.

This information is of a general nature only. It doesn’t take into consideration personal circumstances and shouldn’t be taken as advice.

NAB Personal Loan interest rate is correct as at 14 November 2014 and is subject to change.

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.

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