Indicator rates for other personal lending

Monday, 16 November 2015

Personal loans

Below we set out:

  • our current standard fixed rates, and
  • our current variable indicator rates - these are used to calculate our variable interest rates. The variable interest rate for a NAB personal loan will either be the indicator rate or, if there is a special personal loan offer it will be the indicator rate less a margin.

Check out our current range of personal loans.

Original Loan Amount $5,000 - $9,999 Comparison rate $10,000 + Comparison rate
Variable rate 15.95% p.a.
(rate 11,12,13)
19.05% p.a.* 14.75% p.a.
(rate 21,22,23)
(rate 31,32,33)
15.61% p.a.#
Fixed rate 14.19% p.a. 17.31% p.a.* 14.19% p.a. 15.06% p.a.#
  Purchase Cash advance
NAB Low Fee Card 19.74% p.a. 21.74% p.a.
NAB Low Rate Card 13.99% p.a. 21.74% p.a.
NAB Premium Card 19.74% p.a. 21.74% p.a.
NAB flybuys Rewards Card 19.99% p.a. 21.74% p.a.
NAB Qantas Rewards Card 19.99% p.a. 21.74% p.a.
NAB Qantas Rewards Premium Card 19.99% p.a. 21.74% p.a.
NAB Velocity Rewards Card 19.99% p.a. 21.74% p.a.
NAB Velocity Rewards Premium Card 19.99% p.a. 21.74% p.a.
Margin Lending    
Variable rate interest only 6.90% p.a.
Fixed rate interest only In advance In arrears
1 year 7.20% p.a. 7.30% p.a.
2 year 7.35% p.a. 7.45% p.a.
3 year 7.50% p.a. 7.60% p.a.
4 year 7.65% p.a. 7.75% p.a.
5 year 7.80% p.a. 7.90% p.a.

Please call NAB Margin Lending on 1300 135 145 for special rates on loans greater than $250,000.

Base rate 8.77% p.a.
NAB Personal Overdraft   12.77% p.a.
NAB Overdraft Protection 12.77% p.a.
Personal loans    
  Variable rate Fixed rate
#1 fully secured 13.69% p.a. 13.99% p.a.
#2 fully secured (other security) 15.59% p.a.  
#3 partly secured 16.34% p.a.  
#4 unsecured 17.34% p.a.  
Personal Project Loan (approved prior to 18 June 2007)  
Introductory rate 13.00% p.a. ~
$0 - $4,999 19.25% p.a. (rate 1)^
$5,000 - $9,999 16.49% p.a. (rate 2)
$10,000 - $19,999 15.40% p.a. (rate 3)
$20,000 plus 14.90% p.a. (rate 4)
Personal Project Loan Direct  
Introductory rate 13.00% p.a. ~
$0 - $4,999 18.00% p.a. (rate 1)^
$5,000 - $9,999 16.49% p.a. (rate 2)
$10,000 - $19,999 14.90% p.a. (rate 3)
$20,000 plus 14.40% p.a. (rate 4)
NAB Personal Project Loan (approved from 18 June 2007)    
  Purchase Cash advance
NAB Personal Project Loan 15.99% p.a. 19.50% p.a.
Credit cards    
  Purchase Cash advance
NAB Qantas Plus Card 19.99% p.a. 21.74% p.a.
Visa Fee Free 19.70% p.a. 21.74% p.a.
Velocity NAB Visa Card 19.99% p.a. 21.74% p.a.
Velocity NAB Gold American Express® Card 19.99% p.a. 21.74% p.a.
Ant™ American Express Card® with No Annual Card Fee 19.49% p.a. 21.74% p.a.
NAB Visa Mini 19.99% p.a. 21.74% p.a.
NAB Low Rate Premium Card 13.99% p.a. 21.74% p.a.

Important information

* Comparison rate calculated on unsecured loan amount of $10,000 over a term of 3 years based on monthly repayments.

# 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.

~ During the drawdown period, the Introductory Rate applies to all transactions debited to a Personal Project Loan Direct and any Balance Transfer amount debited to a Personal Project Loan to pay out a credit contract maintained with NAB.

^ The minimum credit limit available for Personal Project Loan is $5,000 and for Personal Project Loan Direct is $10,000. These rates only apply if the amount of credit accessed is below the product’s minimum credit limit.

™ Ant is a Trade Mark of National Australia Bank Ltd ABN 12 004 044 937. ® Registered Trade Mark of American Express Co.

All rates are effective Monday, 16 November 2015 and are subject to change at any time. To find out more, visit nab.com.au, call into a NAB branch or call 13 13 12. Fees and charges apply. Full details of these and relevant terms and conditions are available on application. National Australia Bank Limited ABN 12 004 044 937.

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