Drive away with a NAB Personal Loan

Buying a new or second-hand car can be expensive. Tired of rideshares and cabs? 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.

Best Unsecured Personal Lender 3 years in a row

RFi Group’s Australian Lending Awards 2019, 2020, 2021

NAB PERSONAL LOAN INTEREST RATES

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.

Our personalised interest rates
Variable rate loan
Interest rate1
from 6.99% p.a. to 18.99% p.a.
Comparison rate2
from 7.91% p.a. to 19.83% p.a.
Our personalised interest rates
Fixed rate loan
Interest rate1
from 6.99% p.a. to 18.99% p.a.
Comparison rate2
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

BENEFITS AND FEATURES OF A NAB PERSONAL LOAN FOR A CAR

Same day funds

  • If you’re an existing customer and apply in-store by 2pm, you could walk away with your money the same day.3
  • If your application is approved, your money will be in your NAB account within two hours.

Tailor your loan

  • Borrow from $5,000 to $55,000 with loan terms from one to seven years.
  • If you've made extra payments, you can redraw them at any time (variable rate loans only).

Flexible repayment options

  • Choose from weekly, fortnightly or monthly repayment options to suit your budget and needs.
  • Make lump sum repayments whenever you want at no extra charge.
  • Pay off your loan early without fees.

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 for a personal loan for your car

Discover more

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​Tips on paying for your new car

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.

Bicycles

Car financing: a beginner's guide

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

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NAB Personal Overdraft

Access extra cash up to an agreed limit through your everyday account with a NAB Personal Overdraft.

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NAB Reward Saver

Grow your savings faster with bonus interest for regular deposits and no withdrawals.

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

1Interest rates and information current as at 9 June 2021 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 five 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.

3Only available to existing customers. Complete applications (including all supporting documentation) must be submitted in store by 2pm Monday – Friday. Same day funds will be unavailable if your loan purpose is to refinance non–NAB debts or if NAB requires your application to be reviewed by a lending specialist. Speak to us to find out more.

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

Personal Banking Fees - A guide to fees and charges (PDF, 357KB)

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

Indicator rates for other personal lending

We're ready to help you

If you have any questions or are unable to apply online, visit us in branch – we’ll be happy to help.