We determine your interest rate based on:
Watch the video to find out more about our personal loan rates.
The majority of our customers will get the advertised headline rate (or lower). The interest rate you get may be different from the headline rate and will be based on a number of factors, including the information you provide and our credit assessment.
|
Loan type |
Headline rate1 |
Comparison rate2 |
|---|---|---|
|
Variable Rate Loan
Rate can range from 6.99% p.a. to 18.99% p.a. Comparison rate can range from 7.91% p.a. to 19.83% p.a. |
Headline rate1 12.69% p.a. |
Comparison rate2 13.56% p.a. |
|
Fixed Rate Loan
Rate can range from 6.99% p.a. to 18.99% p.a. Comparison rate can range from 7.91% p.a. to 19.83% p.a. |
Headline rate1 12.69% p.a. |
Comparison rate2 13.56% p.a. |
| Fees | |
|---|---|
|
Application fee
One off payment when loan is established |
$150 |
| Monthly fee | $10 |
| Exit fee | $0 |
| Late payment fee | $0 |
If you manage your money well and have a good credit history, then you may qualify for our headline rate (or better).
For example, if your credit history is good, you pay your bills on time, and you don’t overdraw your transaction accounts, then you’ll most likely qualify for a rate lower than the headline rate. If your credit history or current personal circumstances are a little bit complicated, then your rate might be higher than our advertised headline rate.
We aim to provide a tailored rate that reflects your situation.
There are lots of things that can impact your credit score, but there are a few simple ways to improve it. Watch the video to find out more.
Applying for a NAB personal loan is simple and easy. It can be done entirely online in 20 minutes, giving you more time to enjoy the more important things in life.
If your NAB personal loan application has been conditionally approved, you can conveniently use internet banking to track and manage your application.
Set up Direct Debit Repayments in just a few easy steps and it will automatically make repayments for you on the due date.
Find out more about NAB personal loans.
The information you give to us, your credit report, as well as the details we may already have affect which interest rate you get when you apply for a NAB Personal Loan.
Your creditworthiness is also important. When you apply for a loan we’ll look at your credit file, income, assets, spending, saving and debts.
This helps us make sure you can comfortably handle your debts and not slide into financial hardship. We want to help you achieve your financial goals and make life better, not worse.
There are many ways to boost your creditworthiness:
Check out our useful information about credit-worthiness and how to improve your credit score.
Important information
1Headline rate, interest rates and information current as at 1 April 2021 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 five years based on monthly payments.
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)
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