Here’s what you get

  • 1-7 years flexible loan term

  • Borrow from $5,000 up to $55,000

  • Weekly, fortnightly or monthly repayment options

  • Convenient online document acceptance through NAB Internet Banking

  • Redraw available on variable rate loan if you’re ahead on repayments

Features and benefits

No penalties or exit fees

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

Quick access to funds

If you’re approved and accept the loan, get your funds in one business day.

Tailored pricing

Personalised rates start from 6.99% p.a. to 18.99% p.a. (comparison rate 7.91% p.a. to 19.83% p.a.2).

Build more than dreams with a NAB personal loan

A NAB Personal Loan helps you achieve your dreams sooner, with quick access to funds so you have the money when you want it. Want to make your house a home, but don’t have the funds to renovate or decorate? Home improvement can be costly, but we can help make your dream home come to life with a NAB Personal Loan. Don’t worry about the equity in your home loan, either.

Taking out a personal loan for home renovation is subject to the applicant owning the property being renovated.

NAB PERSONAL LOAN INTEREST RATES

Your interest rate is based on several factors including information you provide in your application, your credit history and information we already have about you if you’re an existing customer.

After you submit your application, if you’re conditionally approved, we’ll give you an indicative interest rate. This is subject to verification of the information you give us in your application. We’ll provide your final interest rate in the loan documentation, at which point you can decide to accept the loan offer.

Our personalised interest rates
Variable rate loan
Interest rate1
from 6.99% p.a. to 18.99% p.a.
Comparison rate2
from 7.91% p.a. to 19.83% p.a.
Our personalised interest rates
Fixed rate loan
Interest rate1
from 6.99% p.a. to 18.99% p.a.
Comparison rate2
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

Apply for a personal loan for your home renovation

Discover more

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Government schemes and grants for homebuyers.

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Finance options to consider for home renovation

Explore finance options for your home renovation.

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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.
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Home and contents insurance

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

Home loans

Home loans for every need with tools, calculators and guides to help you choose.

Important information

1Interest rates and information current as at 9 June 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.

Target Market Determinations for these products are available at nab.com.au/TMD.

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

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