Benefits of a NAB Personal Loan
Our unsecured personal loans can provide flexibility and certainty.
1 - 7 year flexible loan term
Choose a loan term that suits your needs, with weekly, fortnightly or monthly repayment options.
Flexible borrowing limits
Borrow from as little as $5000 and up to $55000, depending on your needs.
Same day funds
If you're a NAB customer and approved in-store by 2pm Monday to Friday.
No exit fees
Paying off your loan early is something to be proud of, so we won’t surprise you with any exit fees.
Ability to redraw
If you’re ahead on your variable rate loan, you have the option to use a redraw facility to access extra funds.
Quick online acceptance
Get your money faster with simple document acceptance through NAB Internet Banking.
Best Unsecured Personal Lender 3 years in a row
RFi Group’s Australian Lending Awards 2019, 2020, 2021
Personal loan calculators
Before you apply, see what you can afford to borrow and repay with our helpful calculators.
Interest rates and fees
Your interest rate is based on several factors including information you provide in your application, your credit history and information we already have about you if you’re an existing customer.
After you submit your application, if you’re conditionally approved, we’ll give you an indicative interest rate. This is subject to verification of the information you give us in your application. We’ll provide your final interest rate in the loan documentation, at which point you can decide to accept the loan offer.
| Loan type | Interest rate | Comparison rate |
|---|---|---|
| Variable rate loan | Interest rate
From 6.99% p.a. to 18.99% p.a. |
Comparison rate
From 7.91% p.a. to 19.83% p.a. |
| Fixed rate loan | Interest rate
From 6.99% p.a. to 18.99% p.a. |
Comparison rate
From 7.91% p.a. to 19.83% p.a. |
| Fees | |
|---|---|
| Application fee One-off payment when loan is established |
$150 |
| Monthly fee | $10 |
| Exit fee | $0 |
| Late payment fee | $0 |
Our interest rates explained
Understanding the different types of interest rates will help you make an informed choice.
Our best rates
If you have an excellent credit history, you may be offered a rate at the lower end of our range. For example, from 6.99% p.a. on variable or fixed rate loans (comparison rate 7.91% p.a.).
An excellent credit history can mean you haven’t opened many new lending products or increased your credit limits too often. If you have credit accounts such as a credit card, personal loan or home loan and have made repayments on time, this will also positively affect your credit rating.
Our average rates
If your credit history isn’t long or as good, you’ll likely be offered a rate around 12.69% p.a. or higher on variable or fixed rate loans.
Find out more about credit-worthiness and how to improve your credit score.
Fixed rate vs. variable rate
Comparison rate
Reasons to apply for a personal loan
A personal loan can be used for a wide variety of reasons: a car, a home renovation or a special event. What are you looking for?
Help and support
We have guides and other resources to help you apply for a new personal loan or manage your existing one.
Other ways we can help
Use our help guides, FAQs and other support services to help you manage your banking more easily.
Contact us
Visit a NAB branch
If you have any questions or are unable to apply online, visit us in branch – we’ll be happy to help.
Terms and Conditions
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