Apply for a personal loan | Simple online application - NAB

Getting started What you need to apply for a personal loan

Step 1

Check your eligibility

You’re eligible if you are:

  • 18 years or older

  • Receiving a regular income

  • An Australian resident for tax purposes

  • An Australian or New Zealand citizen, an Australian Permanent Resident or have an acceptable Temporary Residency Visa

  • Applying as a sole applicant – you’ll have all the repayment obligations, even if someone else will be receiving a substantial benefit from the loan

The following Visa categories aren’t eligible:

  • Visitor Visa (exception, a Special Category Visa - NZ Citizen is acceptable), Working Holiday, Student, Exchange/gap year, Transit/short stay/seasonal and Bridging.

Step 2

Have this information ready

To help make your application quick and easy, have the following details ready:

  1. Identification documents (Australian driver’s license or passport)

  2. Employment details for the past three years (job names and employers)

  3. Your income before and after tax (i.e. your pay slip or tax return)

  4. Addresses you've lived at in the last three years

  5. Total value of your assets, including cars and houses

  6. Total debts you owe, including personal loans, home loans, credit cards or buy now pay later loans

  7. Estimated general living expenses including food, recreation, education, dependents, rent, health, insurance and transport

  8. An account your loan funds will be transferred to, and for repayments

Start your application

Apply online and get an instant response

  • Save time and use your NAB ID to prefill your personal and financial information (including debts with other financial institutions).

  • If you’re a new customer, you’ll need to provide at least one form of ID in the online application form:

    • Australian driver’s license

    • Australian passport

    • International passport
Compare personal loans

Know your borrowing power before you apply

Use our borrowing power calculator to find out how much you can borrow and what your personal loan repayments will be based on your income and situation.

Show me how much I can borrow

All our personal loans include:

Fees

  •  $0 exit fee
  •  $0 late payment fee
  •  $15 monthly fee
  •  $0 application fee

$250 application fee waiver valid for applications started from 5 May 2026 to 30 July 2026.

Features

  • No penalties, exit fees or surprise charges.

  • Funds available in one business day.

  • Borrow up to $55,000.

  • Choose from one to seven years, with weekly, fortnightly, or monthly repayment options to suit your pay cycle.

Considerations

  • To receive your loan funds, you'll need to set up a direct debit for your repayments.

Choose between fixed or variable rate options

Variable rate personal loan

Your interest rate may change, meaning your repayments can go up or down over the life of the loan. You also have the option to redraw funds if you're ahead on your loan.

Interest rateFrom 7.50% p.a to 22.00% p.a.
Comparison rateFrom 8.54% p.a to 22.88% p.a.
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Fixed rate personal loan

Your interest rate doesn't change, so your repayments stay the same for the whole loan term. Fixed rate loans don't have the option to redraw extra funds.

Interest rateFrom 7.50% p.a to 22.00% p.a.
Comparison rateFrom 8.54% p.a to 22.88% p.a.
Apply now

How we calculate your rate

The rate we offer you will be based on your banking history with NAB, information provided in your application and your credit history report. This rate could change and is subject to verification of the information you provide and may be different on the day of settlement. Find out more about creditworthiness and how to improve your credit score.

What happens after I apply?

  1. Get a decision within 60 seconds - including your indicative interest rate.

  2. We’ll need to verify the information in your application. If you currently bank with NAB, we’ll attempt to do this immediately, otherwise we’ll send you an email requesting additional documents we need to finalise your approval.

  3. If we can’t verify your information automatically, you’ll be assigned a dedicated case manager within 1-2 business days to review your application. You don’t need to contact us; we’ll reach out if we need more information.

  4. Once you're unconditionally approved, you’ll receive an SMS notification and an email with a link to NAB's online Application Tracker. Before you can receive your funds, you’ll need to review and accept your loan offer.

  5. After accepting your loan offer, your funds will be deposited into your nominated account usually within 1 business day for NAB accounts, but allow up to 3 business days for funds to arrive in your account.

Important information about your personal loan repayments

To receive your funds, you’ll need to choose an account for a direct debit. 

You’ll need to use either:

  • a NAB transaction account in your name only
  • an account with another bank. 

If you don’t have either, you can still receive your funds without setting up direct debit. After your loan is set up, you can switch to using an eligible NAB joint account for repayments. Learn how set up repayments for an unsecured personal loan. 

Ready to get started?

Apply for a personal loan and get an instant response.

Apply now
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Help and support

We have guides and other resources to help you apply for a new personal loan or manage your existing one.

Terms and Conditions

Consider the NAB Internet Banking Terms and Conditions which apply when using NAB Internet Banking.