- 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.
PERSONAL LOAN FOR DEBT CONSOLIDATION
Juggling debts can be tricky, but you can save on fees and reduce interest by refinancing or consolidating your debt with a NAB Personal Loan.
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
| Variable rate1 | |
|---|---|
| Headline rate | 12.69% p.a. |
| Comparison rate2 | 13.34% p.a. |
| Fixed rate1 | |
|---|---|
| Headline rate | 12.69% p.a. |
| Comparison rate2 | 13.34% 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 10.66% p.a. to 19.59% 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
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 (13.34%p.a. comparison rate4).
Choose flexible repayment options
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.
Handy tips and tools
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?
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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 14th March 2020 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.
- Personal Banking Fees - A guide to fees and charges (PDF, 316KB)
- Personal Loan Agreement - General Terms (PDF, 372KB)
- Indicator rates for other personal lending
3Based on a fixed and variable loan of $20,000 over a term of 7 years at the Fixed and Variable Headline Rate of 12.69% p.a. (13.34p.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.
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