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.
Your interest rate is based on several factors including information you provide in your application, your credit history and information we already have about you if you’re an existing customer.
After you submit your application, if you’re conditionally approved, we’ll give you an indicative interest rate. This is subject to verification of the information you give us in your application. We’ll provide your final interest rate in the loan documentation, at which point you can decide to accept the loan offer.
| Variable rate loan | |
|---|---|
| Interest rate1 | from 6.99% p.a. to 18.99% p.a. |
| Comparison rate2 | from 7.91% p.a. to 19.83% p.a. |
| Fixed rate loan | |
|---|---|
| Interest rate1 | from 6.99% p.a. to 18.99% p.a. |
| Comparison rate2 | from 7.91% p.a. to 19.83% p.a. |
| Fees | |
Application fee One off payment when loan is established |
$150 |
| Monthly fee | $10 |
| Exit fee | $0 |
| Late payment fee | $0 |
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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
1Interest rates and information current as at 9 June 2021 and subject to change. Terms, conditions, fees, charges and lending criteria apply.
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.
Personal Banking Fees - A guide to fees and charges (PDF, 357KB)
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