Best Unsecured Personal Lender 3 years in a row

RFi Group’s Australian Lending Awards 2019, 2020, 2021

Benefits of a NAB Personal Loan

Our unsecured personal loans can provide flexibility and certainty for your medical or dental needs.

No penalties or exit fees

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

No surprise charges

No surprise charges including no late payment fees.

Get funds in one business day

If you’re approved and accept our loan through NAB Internet Banking, receive your funds in one business day.

Ability to redraw extra funds

Redraw available on a variable rate loan if you’re ahead on repayments, giving you some flexibility if medical costs are more than expected.

Borrow from $5,000 with flexible borrowing loan terms

Borrow up to $55,000 with a loan term to suit your needs. Choose from one to seven years, with weekly, fortnightly or monthly repayment options.

No assets needed

NAB Personal Loans are unsecured, so you don’t need to provide assets as collateral to get the care you need. Although you’ll need to be receiving a regular income and meet our lending criteria.

Reasons for a personal loan to fund a medical procedure

Whether you’ve had an unexpected illness or injury, medical or dental expenses can add up. A dental loan, cosmetic surgery loan or other medical loan could help if your procedure hasn’t been covered under Medicare, or you’ve got out of pocket insurance costs. You might want to consider taking out a loan for:

  • medical procedures, including orthopaedics
  • optical treatment or laser eye surgery
  • dental work including dental surgery, orthodontics like braces, and prosthodontics
  • hearing and audiology
  • cosmetic or plastic surgeries
  • specialist treatments, including IVF treatments
  • specialist appointments or major hospital expenses
  • vet bills for pet care.
  • Keep in mind that you’ll need to make regular payments from the start of your loan.

Personal loan calculators

Before you apply, see what you can afford to borrow and repay with our helpful calculators.

Compare personal loan rates and fees

We offer a range of rates on our personal loans. The interest rate you are offered is based on your personal circumstances. We decide your rate based on:

  • your banking history with NAB
  • information you provide in your application, including income, assets, debts and expenses
  • your credit history report including your credit score.

Find out more about credit-worthiness and how to improve your credit score.

After you submit your application, we’ll give you an indicative interest rate if you’re conditionally approved. This is subject to verification of the information you give us in your application.

Once we’ve verified your information, we’ll give you the loan documentation setting out your interest rate and other important information. Keep in mind that the rate shown in the loan documentation is subject to change and may be different on the day of settlement.

Personal loan interest rates

  Interest rate Comparison rate
Variable rate loan
Interest rate
From 6.99% p.a. to 20.49% p.a.
Comparison rate
From 8.05% p.a. to 21.49% p.a.
Fixed rate loan
Interest rate
From 6.99% p.a. to 20.49% p.a.
Comparison rate
From 8.05% p.a. to 21.49% p.a.

Personal loan fees

Personal loans interest rates
Application fee
One-off payment when loan is established
Monthly fee $10
Exit fee $0
Late payment fee $0

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Our interest rates explained

Understanding the different types of interest rates will help you make an informed choice.

  • fixed rate stays the same for the life of the loan, so your loan repayments will also stay the same.

    variable rate can go either up or down over the life of the loan – this means your minimum repayment may change. A variable rate loan also gives you access to a redraw facility, so if you need money unexpectedly you can redraw extra funds you’ve paid.

  • comparison rate is used to help you identify the true cost of the loan, including the interest and some fees and charges. This makes it easier to compare the overall cost of different loans.

    When you read comparison rates, take note of the loan amount and term that they are based on. These affect the comparison rate and you want to be comparing apples with apples.

Personal loan for medical expenses

Personal loan for medical expenses

Personal loan for medical expenses

Personal loan for medical expenses

Other options to consider

Not sure a personal loan for your medical expenses is right for you? Check out our other options.

Other ways we can help

Use our help guides, FAQs and other support services to help you manage your banking more easily.

Get in touch

Visit a NAB branch

Visit your nearest NAB branch to speak to us in person.

Terms and Conditions

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

Terms and conditions and fees and charges apply. Approval and loan amount are subject to our credit assessment criteria. Information, including fees are subject to change. See our general terms for personal loans, personal banking fees and charges and indicator rates for other personal lending.

Target Market Determinations for these products are available at