Here’s what you get

  • 1-7 years flexible loan term

  • Borrow from $5,000 up to $55,000

  • Weekly, fortnightly or monthly repayment options

  • Convenient online document acceptance through NAB Internet Banking

  • Redraw available on variable rate loan if you’re ahead on repayments

Features and benefits

No penalties or exit fees

No penalties or exit fees when you pay off your loan sooner.

Quick access to funds

If you’re approved and accept the loan, get your funds in one business day.

Redraw extra funds

Redraw available on a variable rate loan if you’re ahead on repayments.

Tailored pricing

Personalised rates start from 6.99% p.a. to 18.99% p.a. (comparison rate 7.91% p.a. to 19.83% p.a.2).

Choose a personal loan to fit your lifestyle

There are many reasons you might need a personal loan. Maybe you want to buy a vehicle (car, motorbike, boat, caravan), renovate your home, travel or pay off unexpected medical bills. A NAB personal loan can help get you started sooner. Our loans are simple and easy to understand, with no hidden fees or surprises.

You can fund many purchases with a personal loan. See whether a personal loan or credit card is better suited for your individual circumstances.

Keep in mind that you can’t apply for a personal loan for business purposes, illegal activities, to avoid Lenders Mortgage Insurance, 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.

Our personalised interest rates
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.
Our personalised interest rates
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.

Application fee

One off payment when loan is established

Monthly fee $10
Exit fee $0
Late payment fee $0

Apply now for a personal loan for your major purchases

Discover more

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How to plan for unexpected illness and injury

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


​What is creditworthiness and why does it matter?

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

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Personal loan for a caravan

Start exploring with a personal loan for a caravan.
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Personal loan for a motorbike

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

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

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.

Personal Banking Fees - A guide to fees and charges (PDF, 357KB)

Personal Loan Agreement - General Terms (PDF, 372KB)

Indicator rates for other personal lending

We're ready to help you

If you have any questions or are unable to apply online, visit us in branch – we’ll be happy to help.