Managing multiple debts can be hard, with multiple repayments and interest rates to remember. A personal loan for debt consolidation 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 rates

variable rate
Variable rate1
Headline rate
12.69% p.a.
Comparison rate4
13.56% p.a.
fixed rate
Fixed rate1
Headline rate
12.69% p.a.
Comparison rate4
13.56% p.a.
Rate range
Our interest rate range
Rates can range from 10.69% p.a. to 18.69% p.a.
Comparison rate range4
Comparison rates can range from 11.58% p.a. to 19.53% p.a.
Fees  
Application fee $150
Monthly fee $10
Exit fee $0

Benefits and Features of a personal loan for debt consolidation

Same day funds

  • If you are an existing customer and apply in- store by 2pm, you could walk away with your money that very same day2.
  • 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 1 to 7 years.
  • Fixed or variable interest rate options.
  • If you've made extra payments you can redraw them at any time (variable rate loans only).
  • Repayments work out to be $85 per week3 based on a Fixed Rate loan of $20,000 over 7 years (13.56%p.a. comparison rate4).

Choose flexible repayment options

  • Choose from weekly, fortnightly or monthly repayment option 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.

Before you apply

After you apply

Apply now for your debt consolidation loan

Discover more

​Is a debt consolidation loan right for you?

You could enjoy fewer fees, lower interest – and less stress.

​10 tips to boost your creditworthiness

How your creditworthiness can help you get ahead.

Five practical ways to beat financial hardship

Steps you can take to get on top of things – and take charge.

After more?

Home and contents insurance

Protect your house and the things inside that make it a home.

NAB Classic Banking account

Meet your everyday bank account. Easy access to your money with no monthly account fees.

Savings accounts

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

Important information

1Headline rates, interest rates and information current as at 25th of February 2019 and subject to change. Terms, conditions, fees, charges and lending criteria apply.

2Only 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.

3Based on a fixed and variable loan of $20,000 over a term of 7 years at the Fixed and Variable Headline Rate of 12.96% p.a. (13.56% p.a. comparison rate4). Terms, conditions, fees, charges and exclusions & lending criteria apply.

4Comparison rate calculated on unsecured loan amount of $30,000 over a term of 5 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.

5The following Visa categories are NOT acceptable: Visitor Visa (exception, a Special Category Visa - NZ Citizen is acceptable), Working Holiday, Student, Exchange/gap year, Transit/short stay/seasonal, and Bridging.

We're ready to help you

Easy, secure, fast application
Call us
Talk to an expert