Managing multiple debts can be hard, with various repayments and interest rates to remember. Refinancing your debt lets you make one repayment at your preferred frequency - weekly, fortnightly or monthly. Use our debt consolidation calculator to see how a NAB Personal Loan could help you get in control of your debt.

Our personalised interest rate

Our personalised interest rates
Variable rate
Headline rate1
12.69% p.a.
Comparison rate2
13.56% p.a.
Our personalised interest rates
Fixed rate
Headline rate1
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 personal loan for debt consolidation

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).
  • Repayments work out to be $85 per week4 based on a Fixed Rate loan of $20,000 over seven years (13.56% p.a. comparison rate2).

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 now for your debt consolidation loan

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NAB Classic Banking account

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Savings accounts

Whatever you're saving for, our savings accounts can help get you there sooner.

Important information

1Headline rate, 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 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.

4Based on a fixed and variable loan of $20,000 over a term of seven 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.

Personal Banking Fees - A guide to fees and charges (PDF, 517KB)

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

Indicator rates for other personal lending

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