- Paying off your loan early is something to be proud of, so we won’t surprise you with any exit fees.
Personal Loan for home renovation
You’ve got a house now you want to make it a home. A NAB Personal Loan can help you realise your grand plans.
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 rate
| Variable rate1 | |
|---|---|
| Headline rate | 12.69% p.a. |
| Comparison rate2 | 13.56% p.a. |
| Fixed rate1 | |
|---|---|
| Headline rate | 12.69% p.a. |
| Comparison rate2 | 13.56% 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 10.88% p.a. to 19.83% 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
No exit fees
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 rate2).
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
6 tips for working out your renovation costs
Here are six tips to help you work out your renovation costs.
The HomeBuilder grant
Read more about the $25k cash bonus for renovations or new homes.
Finance options to consider for home renovation
Explore finance options for your home renovation.
Related products and services
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
Personal Banking Fees - A guide to fees and charges (PDF, 316KB)
Personal Loan Agreement - General Terms (PDF, 372KB)
Indicator rates for other personal lending
1Headline rates, interest rates and information current as at 15th June 2020 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.
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. (13.56% p.a. comparison rate). Terms, conditions, fees, charges, exclusions and lending criteria apply.
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