Car loans - NAB

All personal products

Car loans

Whether you’re buying or refinancing, we’ve got a car loan to suit your needs.

What makes a NAB Car Loan different from other lenders?

Competitive, tailored interest rates

Get an interest rate based on your personal circumstances.

Shop more confidently

Get a personalised quote with no impact to your credit score, so you can confidently shop for your next car.

Zero exit fees

No penalties or exit fees if you want to pay off your loan faster.

Secured car loans

NAB Car Loan

NAB has partnered with Plenti, an award-winning fintech lender, to provide faster secured car loans. Credit provided by NAB.

Personalised fixed rateFrom 6.74% p.a to 13.54% p.a. 
Comparison rateFrom 8.29% p.a to 15.03% p.a. 

   

Features

  • Get your rate quote without impacting your credit score.

  • Choose a loan term that suits you.

  • Monthly repayments by direct debit on loan terms from one to seven years.

  • No penalties or exit fees when you pay off your loan faster.

  • Additional repayments available with no additional fees.

  • You can borrow from $10,000 up to $100,000 .

Considerations

  • The interest rate will be fixed for the loan term
  • Repayments are required monthly by direct debit
  • No redraw is available from extra funds
  • Sole borrowers only can apply
  • Your car will be used as security for repayment of the loan

Fees

  • $0 Exit fee
  • $7 Weekly late payment fee
  • $15 Monthly loan service fee
  • $350 Loan establishment fee (waived for customers applying for the purpose of refinancing).
Get your rate quote in as little as one minute
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NAB Car Loan for all-electric and plug-in hybrid cars

We've partnered with Plenti, so you can enjoy discounts on a secured loan for all-electric and plug-in hybrid cars.

Personalised fixed rateFrom 5.99% p.a to 12.79% p.a. 
Comparison rateFrom 7.55% p.a to 14.29% p.a. 

   

Features

  • Receive an EV discount of 0.75% on eligible all-electric and plug-in hybrid cars.

  • Get your rate quote without impacting your credit score.

  • Choose a loan term that suits you.

  • Monthly repayments by direct debit on loan terms from one to seven years.

  • No penalties or exit fees when you pay off your loan faster.

  • Additional repayments available with no additional fees.

  • Borrow from $10,000 to $100,000 with up to 7-year terms repaid monthly .

Considerations

  • The interest rate will be fixed for the loan term
  • Repayments are required monthly by direct debit
  • No redraw is available from extra funds
  • Sole borrowers only can apply
  • Your car will be used as security for repayment of the loan

Fees

  • $0 Exit fee
  • $7 Weekly late payment fee
  • $15 Monthly loan service fee
  • $350 Loan establishment fee (waived for customers applying for the purpose of refinancing).
Get your rate quote in as little as one minute
Get my personalised quote
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Another option for purchasing a car

Personal loan for a car

No physical assets required for an unsecured loan offering flexibility and certainty.

Features

  • Your choice of a variable or fixed rate

  • Redraw available on variable rate loan if you’re ahead on repayments.

  • Weekly, fortnightly or monthly repayment options.

  • Borrow from $5,000 up to $55,000.

  • 1-7 years flexible loan term. 

Considerations

  • To receive your loan funds, you'll need to set up a direct debit for your repayments
  • Redraw option available only on variable rate loans
Apply online in less than 10 minutes
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Our interest rates explained

Fixed rates vs. variable rates

A fixed rate stays the same for a chosen period so your loan repayments stay the same during that time.

A variable rate though can move up or down, meaning your minimum loan repayment may change. You’ll also have access to a to redraw facility which comes in handy if you need money unexpectedly.

Terms and Conditions

Terms and conditions, fees and charges apply. Approval, loan amount and interest rate are subject to our credit assessment criteria. Information, including interest rates, fees and charges are subject to change. Target Market Determinations for our products are available at nab.com.au/TMD.