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.
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.
| Variable rate | |
|---|---|
| Headline rate1 | 12.69% p.a. |
| Comparison rate2 | 13.56% p.a. |
| 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 |
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Our step-by-step checklist will guide you through the process.
We explain what creditworthiness is and why it matters when you apply for credit.
Important information
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.
3Only 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.
4Based on a fixed and variable loan of $20,000 over a term of seven 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.
Personal Banking Fees - A guide to fees and charges (PDF, 517KB)
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