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

  • Our secured car loan, powered by Plenti.

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

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

  • Get your rate quote in as little as one minute without impacting your credit score.

  • Enjoy access to lower rates.

NAB Car Loan for electric vehicles

  • A secured loan for all-electric and plug-in hybrid cars.

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

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

  • Get your rate quote in as little as one minute without impacting your credit score.

NAB Personal Loan

  • An unsecured loan, so you don’t need to use the car as security.

  • Borrow up from $5,000 up to $55,000.

  • No penalties, exit fees or surprise charges.

  • Flexible weekly, fortnightly or monthly repayment options.

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.

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Terms and Conditions

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.