We all have different hobbies and expenses. Maybe you want to buy a motorbike, a boat, a caravan or need to pay for some medical bills. These are all things that you can fund with a personal loan. See whether a personal loan or credit card is better suited for your individual circumstance.

Keep in mind that you won’t be able to apply for a personal loan for business purposes, illegal activities, to avoid paying Lenders Mortgage Insurance (LMI) or to get a deposit for a home loan.

NAB PERSONAL LOAN INTEREST RATES

The majority of our personal loan customers will get the advertised headline rate or lower.

However, depending on your financial circumstances, we may offer you a higher or lower rate when you apply.

Our personalised interest rates
Variable rate
Headline rate1
12.69% p.a.
Comparison rate2
13.56% p.a.
Our personalised interest rates
Fixed rate
Headline rate1
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 NAB PERSONAL LOAN

Same day funds

  • If you are an existing customer and apply in-store by 2pm, you could walk away with your money the same day.4
  • If your application is approved, your money will be in your NAB account within two hours.

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

  • Choose from weekly, fortnightly or monthly repayment options to suit your budget and needs.
  • Make lump sum repayments whenever you want at no extra charge.
  • Pay off your loan early without fees.

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.

Apply now for a personal loan for your major purchases

Discover more

man laughing

​Cost saving tips for running your car

How to reduce any unnecessary car expenses.
couple time together

How to plan for unexpected illness and injury

Our step-by-step checklist will guide you through the process.
bicycle

​What is creditworthiness and why does it matter?

We explain what creditworthiness is and why it matters when you apply for credit.
ladies laughing

Personal loan for a caravan

Start exploring with a personal loan for a caravan.
man looking down

Personal loan for a motorbike

Our personal loans can help you with the financing you need for a new or used motorbike.
couple in boat

Personal loan for a boat

Our personal loans for boats could help you get on the water sooner than you think.

Important information

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.

4Only available to existing customers. Complete applications (including all supporting documentation) must be submitted in store by 2pm Monday – Friday. Same day funds will be unavailable if your loan purpose is to refinance non–NAB debts or if NAB requires your application to be reviewed by a lending specialist. Speak to us to find out more.

We're ready to help you

Easy, secure, fast application
Call us
Talk to an expert