Want to make your house a home, but don’t have the funds to renovate or decorate? Home improvement can be costly, but you could make your dream home a reality, with a NAB Personal Loan. And, you won’t need to worry about the equity in your home loan.

Our personalised interest rates

variable rate
Variable rate1
Headline rate
12.69% p.a.
Comparison rate2
13.56% p.a.
fixed rate
Fixed rate1
Headline rate
12.69% p.a.
Comparison rate2
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 range2
Comparison rates can range from 11.58% p.a. to 19.53% p.a.
Fees  
Application fee $150.00
Monthly fee $10.00
Exit fee $0.00

Benefits and Features of a personal loan for home renovations

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 day3.
  • 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).

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 home renovation loan

Discover more

6 tips for working out your renovation costs

Here are six tips to help you work out your renovation costs.

Set a budget for your renovation and stick to it

Learn budgeting basics and be realistic about what you can afford.

Finance options to consider for home renovation

Explore finance options for your home renovation.

After more?

Landlord insurance

Your investment property deserves protection just like your home does. Sleep better at night knowing your investment property is covered by NAB’s Insurance for landlords.

Home and contents insurance

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

Home loans

NAB offers flexible home loans to suit you whatever stage you’re at. Buying a home, investing, renovating, refinancing.

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.

2Comparison 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.

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.

4The 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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