Things to know about unsecured personal loan repayments

  • Your contracted repayments are also referred to as your ‘minimum instalment amount’ or ‘scheduled repayment’.
  • Set up automatic repayments before your first contracted repayment amount is due to avoid defaulting on your loan and impacting your credit-worthiness.
  • You'll need to register for NAB Internet Banking to set up repayments using online banking.
  • You can set up a regular repayment from a NAB transaction account  using the NAB app or NAB Internet Banking.
  • You can set up a direct debit repayment from a non-NAB account using a direct debit form.

Set up repayments from a NAB account

You can set up a regular payment from your NAB transaction account  using the NAB app or NAB Internet Banking. You can choose to set your regular repayments until further notice, a specific end date or number of transfers.

If your contracted repayment amount changes after an annual review, you’ll need to adjust the amount you’re paying in the NAB app or NAB Internet Banking to ensure the loan is paid out within the contracted loan term.

The NAB app

The NAB app

  1. Log into the NAB app.

  2. Tap Transfer & Pay.

  3. Choose the NAB account  you want to transfer from and select your NAB Personal Loan as the account you want to transfer to.

  4. Enter your repayment amount.

  5. Tap Pay when.

  6. Tap the Recurring tab to choose the repayment frequency , start date and an end date. Tap Apply.

  7. Tap Next to review your payment details and tap Pay now.

NAB Internet Banking

NAB Internet Banking

  1. Log into NAB Internet Banking with your 8 to 10-digit NAB ID and password.

  2. Select the Transfer & Pay menu and choose the Transfer option.

  3. Choose your NAB account  you want to transfer from and select your NAB Personal Loan as the account you want to transfer to.

  4. Enter your repayment amount.

  5. Select Recurring and select the frequency , start date and an end date.

  6. Select Next to review your details and select Confirm.

Set up repayments from a non-NAB account

If you would like to set up a direct debit from a non-NAB account, download and fill out the Direct Debit Request form (PDF, 541KB), opens in new window  and email it to loanmods@nab.com.au

You can let us know if you’d like us to automatically adjust the amount you’re paying if your minimum repayment amount changes. Otherwise, you’ll need to adjust the amount you’re paying to ensure the loan is paid out within the contracted loan term.

You also have the option to use your own financial institution’s internet banking to transfer money from your non-NAB account to your NAB Personal Loan account to make repayments.

In this instance, if your contracted repayment amount changes after an annual review, you’ll need to adjust the amount you’re paying using your financial institution’s internet banking to ensure the loan is paid out within the contracted loan term.

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Terms and Conditions

Consider the NAB Internet Banking terms and conditions which apply when using NAB Internet Banking and the NAB app, before making any decisions regarding these services. The NAB app is compatible with Android™ and iOS, minimum platform requirements apply. Android is a trademark of Google LLC. iOS is a trademark or registered trademark of Cisco in the U.S. and other countries and is used under license. Services issued by NAB.

Target Market Determinations for these products are available at nab.com.au/TMD.