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.

NAB PERSONAL LOAN INTEREST RATES

The majority of our personal loan customers will get the advertised headline rate or lower.

However, depending on your personal circumstances, we may offer you a higher or lower rate when you apply.

Variable rate
Headline rate1
12.69% p.a.
Comparison rate2
13.56% p.a.
Fixed rate
Headline rate1
12.69% p.a.
Comparison rate2
13.56% p.a.
Our interest rate range
from 6.99% p.a. to 18.99% p.a.
Comparison rate range2
from 7.91% p.a. to 19.83% p.a.
Fees  

Application fee

One off payment when loan is established

 $150
Monthly fee $10
Exit fee $0
Late payment fee $0

Benefits and Features of a personal loan for home renovations

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).

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.

Handy Tips and Tools

Apply now for your home renovation loan

Apply now

Discover more

three houses

6 tips for working out your renovation costs

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

Couple painting the house

Understanding ways you can buy your first home sooner

Government schemes and grants for homebuyers.

house

Finance options to consider for home renovation

Explore finance options for your home renovation.

couple on laptop

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.
friends trying out gadgets

Home and contents insurance
Protect your house and the things inside that make it a home.
couple gardening

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

Important information

1Headline rate, interest rates and information current as at 1 April 2021 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.

Personal Banking Fees - A guide to fees and charges (PDF, 357KB)

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

Indicator rates for other personal lending

We're ready to help you

Easy, secure, fast application
Apply online
Call us
Contact numbers
Talk to an expert
Find a branch