Buying a new or second-hand car can be expensive. If you don’t have the funds upfront, consider a NAB Personal Loan to help get you on the road faster. The best bit? Avoiding dealer finance might help you save on extra fees, commissions or high-interest rates.

Our personalised interest rate

Our personalised interest rates
Variable rate1
Headline rate
12.69% p.a.
Comparison rate2
13.56% p.a.
Our personalised interest rates
Fixed rate1
Headline rate
12.69% p.a.
Comparison rate2
13.56% p.a.
Our interest rate range
Rates can range from 9.99% p.a. to 18.99% p.a.
Comparison rate range2
Comparison rates can range from 10.88% p.a. to 19.83% p.a.
Fees  
Application Fee $150.00
Monthly Fee $10.00
Exit Fee $0.00

BENEFITS AND FEATURES OF A NAB PERSONAL LOAN FOR A CAR

No exit fees

  • Paying off your loan early is something to be proud of, so we won’t surprise you with any exit fees.

Tailor your loan

  • Borrow from $5,000 to $55,000 with loan terms from 1 to 7 years.
  • Fixed or variable interest rate options.
  • If you've made extra payments you can redraw them at any time (variable rate loans only).
  • Repayments work out to be $85 per week3 based on a Fixed Rate loan of $20,000 over 7 years (13.56% p.a. comparison rate2).

Choose flexible repayment options

  • Choose from weekly, fortnightly or monthly repayment option to suit your budget and needs.
  • Make lump sum repayments whenever you want at no extra charge.

Quick document acceptance online

  • We know your time is important, so to make it easy, you can accept your loan documents in NAB Internet Banking. No more waiting in a queue at a branch or printing and signing documents.

Apply now for your car loan

Discover more

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How to get behind the wheel – sooner than you might think.
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​Cost saving tips for running your car

How to reduce any unnecessary car expenses.
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​Things to ask a car dealer

​Questions you should ask before applying for car dealer finance.
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NAB Personal Overdraft

Access extra cash on the fly through your NAB transaction account up to an approved limit.
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NAB Reward Saver

Grow your savings faster with bonus interest for regular deposits and no withdrawals. View disclaimer 1
Couple in a car

Car insurance

Don’t be caught without car insurance. With NAB Car Insurance cover choices, you can select a level of cover you’re comfortable with that fits within your budget.

Important information

Personal Loan Agreement - General Terms (PDF, 372KB)

Indicator rates for other personal lending

1Headline rates, interest rates and information current as at 15th June 2020 and subject to change. Terms, conditions, fees, charges and lending criteria apply.

2Comparison rate calculated on an 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.

3Based on a fixed and variable loan of $20,000 over a term of 7 years at the Fixed and Variable Headline Rate of 12.69% p.a. (13.56% p.a. comparison rate). Terms, conditions, fees, charges, exclusions and lending criteria apply.

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