Before you apply online for a NAB Personal Loan

With an unsecured personal loan you can buy a car, consolidate your debts, travel, renovate your home, buy personal goods and more.

A personal loan can help you reach your goals faster, but before you apply you need to understand what’s involved.

Find out how much you can afford to borrow

Use our borrowing power calculator to work out how much you can afford to borrow, and what your repayments will be based on your income and lifestyle.

It’s important to us that you’re able to comfortably make repayments.

Are you eligible for a NAB Personal Loan?

To apply for a personal loan, you must:

  • be 18 years or older
  • be applying on your own - joint applicants can apply in person at their nearest branch
  • earn a regular income
  • be an Australian or New Zealand citizen, an Australian Permanent Resident or have an acceptable Temporary Residency Visa.

What you need to have ready

If you’re an existing customer, you can save time and use your NAB ID to prefill your personal and NAB financial information. If you’re a new customer and don’t have a NAB ID, you can still apply online.

You need:

  • your NAB ID (found on the back of your NAB card or in your NAB app under My Details)
  • driver’s licence number (if you have one)
  • employment details for the past three years
  • your income before and after tax
  • what assets you own, including cars and homes
  • what debt you owe, including personal loans, home loans, credit cards or buy now, pay later loans
  • your general living expenses including food and groceries, recreation, education and dependents, rent, medical and health, insurance, vehicle and transport.

For tips on how to complete the online personal loan application, read our help guide.

Save your personal loan application

If you’re an existing customer, save the progress of your online application by clicking Save & continue. You have 30 days to return and complete your application. To resume your application, make sure you have your NAB ID and mobile phone with you.

Find out more about resuming a saved application.

What we look for

When we evaluate your ability to repay the amount you asked to borrow, we look at your creditworthiness and take steps to ensure you’re not given a product that’s unsuitable for you.

We may review information from:

  • credit reporting bodies
  • your repayment history at NAB, if you already bank with us
  • your personal loan application.

Before you apply, consider the following tips to help boost your creditworthiness:

  • Build a savings record. Save money regularly to show us you can budget and manage your finances.
  • Request the right amount based on your income and overall financial position. Use our personal loan calculators to estimate how much you could borrow.
  • Demonstrate reliability by keeping on top of your bills and loan repayments.
  • Check your credit report to ensure the information is correct. A low credit rating may affect your chances of being approved for a personal loan.

Unable to apply online?

If you’re unable to apply for a personal loan online, you may visit a branch and a banker will assist you with your application and any questions you might have.

How to apply for a personal loan

There are two ways to apply for a NAB Personal Loan.



It’s easy, secure and you get an instant response.

Apply online

In person

You can apply at your nearest branch.

How the online application process works

1. Submit your application

Within 60 seconds of submitting, we’ll let you know if you’ve been conditionally approved. We’ll also give you your indicative interest rate and repayment amount.

2. We’ll verify your details

If your loan has been conditionally approved, we’ll review and verify the information you’ve provided. If needed, we’ll contact you to obtain further information.

You may be asked to provide some verification documents. You can upload these documents at NAB Internet Banking under Applications. Find out how to do this and how you can track your application in our My applications video.

3. Accept your Personal Loan offer

If approved, we’ll provide you with loan documents which include your final interest rate and repayment amount. You can check these documents and accept your offer through NAB Internet Banking.

If your loan isn’t approved you’ll be notified by SMS and email.

If you’re new to NAB, you'll need to visit a branch to confirm your identity with a 100-point ID check. You can do this at any stage of the application.

4. Receive your money

We’ll transfer the money into your most frequently used NAB account on the day you accept the offer. If you’re not currently a NAB customer, we’ll contact you to organise the transfer.

We're ready to help you

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