Apply online for a NAB Personal Loan

How we determine your rate

We determine your interest rate based on the details you give us on the application form, information from your credit history report and if you’re already a NAB customer we also use details we already have about you.

Our headline and interest rate range

The headline rate is the rate that the majority of customers will get. Depending on your circumstances, you could get a rate lower or higher than the advertised headline rate.

Variable headline rate1

12.69%p.a. (comparison rate2 13.56% p.a.)

Minimum interest rate for a variable loan is 10.69% p.a. (comparison rate2 11.58% p.a.) and the maximum interest rate is 18.69% p.a. (comparison rate2 19.53% p.a.)

Fixed headline rate1

13.49% p.a. (comparison rate2 14.36% p.a.)

Minimum interest rate for a fixed loan is 11.49% p.a. (comparison rate2 12.37% p.a.) and the maximum interest rate is 18.99% p.a. (comparison rate2 19.83% p.a.)


You may qualify for the advertised headline rate (or better) if you manage money well and have a good credit history.

Managing your credit score

There are lots of things that can impact your credit score but there are a few simple ways to improve it.

How to improve your credit history

The information you give to us, the details we may already have, and your credit report affect which interest rate you get when you apply for a NAB Personal Loan.

Your creditworthiness is also important. When you apply for a loan we’ll look at your credit file, income, assets, spending, saving and debts.

This helps us make sure you can comfortably handle your debts and not slide into financial hardship. We want to help you achieve your financial goals and make life better, not worse.

There are many ways to boost your creditworthiness:

  • Pay your credit card and loans on time
  • Pay your bills on time
  • Don’t overdraw your transaction accounts
  • Don’t apply for too many new credit cards or loans at the same time
  • Check out your credit history to see where you stand and ensure it is fair and accurate
  • Create a relationship with your bank

Check out our useful information about credit-worthiness and how to improve your credit score.

Important information

1 Headline rates, interest rates and other information current as at 14 May 2018 and subject to change. 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 payments.

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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