Check how much your car repayments could be with a NAB Personal Loan by adjusting the fields below. You can amend the loan term (how long you have to repay the loan), the repayment frequency and the type of interest (fixed or variable).
This calculator can help you estimate how much you can afford to borrow. So, you’ll have a budget in mind, before you begin shopping around for your new car.
You can borrow between $5,000 and $55,000 with a term between one and seven years. If approved, you’ll receive the amount as a lump sum at the beginning of the loan term.
Depending on how you like to budget, your repayments can be weekly, fortnightly or monthly. You can also make additional lump sum repayments at no extra charge – meaning you can pay off your loan early with no fees. You can repay your loan by setting up a direct debit using NAB Internet Banking, transferring funds via NAB Telephone Banking, or in personal at your nearest NAB branch.
We determine your rate based on details provided on your application form and your credit assessment. If you're a NAB customer, we also use information we already know about you.
The majority of our personal loan customers will get the advertised headline rate (or lower). However, depending on your circumstances, we may offer you a higher or lower rate when you apply.
A fixed rate stays the same for the chosen period, meaning your loan repayments stay the same during that time. A variable rate can move up or down, meaning your minimum loan repayment may change. You'll also have access to a redraw facility on your variable rate loan, which comes in handy if you need money unexpectedly.
A comparison rate is used to help you identify the true cost of the loan, including the interest and some fees and charges. This makes it easier to compare the overall cost of different loans. When you read comparison rates, take note of the loan amount and term that they are based on. These affect the comparison rate and you want to be comparing apples with apples.
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Important information
Rates and information current as at 15th June 2020 and subject to change. Terms, conditions, fees, charges and lending criteria apply.
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.
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