Benefits of a NAB Personal Loan

Looking to make an energy efficient purchase? Our unsecured personal loans can provide flexibility and certainty.

No penalties or exit fees

No penalties when you make early repayments or exit fees when you pay off your loan sooner.

No surprise charges

No surprise charges including no late payment fees so you can focus on what matters.

Get funds in one business day

If you’re approved and accept our loan through internet banking, receive your funds in one business day.

Ability to redraw extra funds

Redraw available on a variable rate loan if you’re ahead on repayments, giving you flexibility if you need money unexpectedly.

Borrow up to $55,000 with flexible borrowing loan terms

Borrow from $5,000 with a loan term to suit your needs. Choose from one to seven years, with weekly, fortnightly or monthly repayment options.

No assets needed

NAB Personal Loans are unsecured, so your assets or purchase won’t be used as collateral.

Reasons for a personal loan for energy efficient purchases

A personal loan could be used for purchases that are more efficient in energy or water usage, lower carbon or less reliant on the grid. With a NAB Personal Loan, you might be able to get started sooner. 

What a personal loan may be ideal for

  • Solar panels and home batteries

  • Hybrid or electric cars and electric vehicle (EV) home chargers 

  • Energy-efficient appliances – such as air conditioning and hot water systems

  • Energy-efficient lighting

  • Home ventilation and home insulation – such as double glazing for windows

  • Water tanks

What you can’t use a personal loan for

  • Illegal activities

  • Business purposes. Explore our business loans or discuss further with your business banker

Personal loan calculators

Before you apply, see what you can afford to borrow and repay with our helpful calculators.

Compare personal loan rates and fees

We offer a range of rates on our personal loans. The interest rate you are offered is based on your personal circumstances. We decide your rate based on:

  • your history with NAB including if you’re an existing NAB customer
  • information you provide in your application, including income, assets, debts and expenses
  • your credit history report including your credit score.

Find out more about credit-worthiness and how to improve your credit score.

After you submit your application, we’ll give you an indicative interest rate if you’re conditionally approved. This is subject to verification of the information you give us in your application.

Once we’ve verified your information, we’ll give you the loan documentation setting out your interest rate and other important information. Keep in mind that the rate shown in the loan documentation is subject to change and may be different on the day of settlement.

Personal loan interest rates

  Interest rate Comparison rate
Variable rate loan
Interest rate
From 6.99% p.a. to 20.49% p.a.
Comparison rate
From 7.91% p.a. to 21.33% p.a.
Fixed rate loan
Interest rate
From 6.99% p.a. to 20.49% p.a.
Comparison rate
From 7.91% p.a. to 21.33% p.a.

Personal loan fees

Personal loans interest rates
Application fee
One-off payment when loan is established
Monthly fee $10
Exit fee $0
Late payment fee $0

Ready to apply to finance your energy efficient purchase?

Apply online and get an instant response.

Our interest rates explained

Understanding the different types of interest rates will help you make an informed choice.

  • fixed rate stays the same for the life of the loan, so your loan repayments will also stay the same.

    variable rate can go either up or down over the life of the loan – this means your minimum repayment may change. A variable rate loan also gives you access to a redraw facility, so if you need money unexpectedly you can redraw extra funds you’ve paid.

  • 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.

Other ways we can help

Use our help guides, FAQs and other support services to help you manage your banking more easily.

Contact us

Visit a NAB branch

If you have any questions or are unable to apply online, visit us in branch – we’ll be happy to help.

Terms and Conditions

Consider the NAB Internet Banking Terms and Conditions which apply when using NAB Internet Banking.

Terms and conditions and fees and charges apply. Approval and loan amount are subject to our credit assessment criteria. Information, including fees are subject to change. See our general terms for personal loans, personal banking fees and charges and indicator rates for other personal lending.

Target Market Determinations for these products are available at