Get there sooner with a personal loan
Saving for a large purchase, like a car, can be difficult. We offer a range of car finance options, including a secured NAB Car Loan and an unsecured NAB Personal Loan, as well as secured NAB Car Loan for electric vehicles and plug-in hybrids. Both options provide fast access to funds and offer different levels of flexibility to suit your needs.
NAB Car Loan
NAB Car Loan for electric vehicles
NAB Personal Loan
How to get approved for a car loan
There are a number of car loan options to explore when looking for a new car. You can use either a secured car loan or an unsecured personal loan to buy a new or second-hand car from either a dealer or a private seller. Learn more about the differences between secured and unsecured loans.
How much do I need to borrow?
Think about what type of car you need and what you’ll use it for. You’ll also have to do some research to determine how much you’ll need for the car you want.
It’s a good idea to set up a budget so you know how much you can afford in repayments.
You can use our personal loan borrowing power calculator to work out what you can afford to borrow and repay (this applies to unsecured personal loans only).
Check the eligibility criteria
Before you apply, read through the eligibility criteria for the loan you want to apply for. This will help you ensure you’re eligible and have all the information you need to complete the application.
Learn more about unsecured personal loans and secure car loans.
Check your credit rating
Before you apply for a personal loan, you may want to get a credit report. The report outlines the last seven years of your credit history – including why you've applied for credit, what types of credit, and how much each time.
It also lists if you've been bankrupt, as well any overdue accounts you may have had. Be aware these reports sometimes have mistakes, so check yours closely.
Find out more about creditworthiness and how we assess your ability to service a personal loan.
Explore other life moments
How to finance your new car?
Learn if a car loan, dealer finance or leasing is the right option for your new car.
Personal loan for a caravan
Explore Australia with the freedom of a caravan. Our personal loans can help make van life a reality.
The real cost of buying a car
We’ll help you uncover the hidden costs of buying a car.
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Compare comprehensive car insurance and third-party cover with NAB Car Insurance.
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Car loans
With a loan from us, you can buy your dream car, first car or something in between.
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The information contained in this article is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, NAB recommends that you consider whether it is appropriate for your circumstances. NAB recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.