How to apply 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
receive a regular income
be an Australian or New Zealand citizen, an Australian Permanent Resident or have an acceptable Temporary Residency Visa.

Read important information for visa categories that are not acceptable.¹

What you need to have ready

If you’re an existing customer, save time and use your NAB ID to prefill your personal and NAB financial information.

You can find your NAB ID on the back of your NAB card or in your NAB app under My Details.

If you’re a new customer and don’t have a NAB ID, you can still apply online. However, you'll need to provide at least one form of ID.²

Information you need to give us

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 debts 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.

You may be asked to provide recent financial documents (such as payslips or bank statements) when applying³. Learn what documents we need to verify your income. You can speed up your application by having these ready.

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.

Ready to start your personal loan application?

Apply online now

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.

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.

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

Online

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

Apply online

In person

You can apply at your nearest branch.

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. Find out how to do this and how you can track your application in NAB Internet Banking by watching the 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.

To accept your loan documents quickly, simply:

Login to NAB Internet Banking.
Under the Product tab, select 'Applications'
Select your application and then select Loan Documents to review and accept your documents.

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

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.

Important information

¹ The 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.

² Provide at least one of the following forms of ID as part of the online application: Australian driver’s licence, Medicare card, Australian passport or International passport.

If you prefer to visit a NAB branch to verify your identify, you’ll need to bring identification documents that add up to 100 points or more after you’ve completed your application.

³ If you’re an existing NAB customer, you may not be required to provide any documents as part of the application process. NAB will only ask you for documents if we can’t verify your information.

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How to apply for a NAB Personal loan

Before you apply online for a NAB Personal Loan

Find out how much you can afford to borrow