Apply online for a NAB Personal Loan


We determine your interest rate based on:

  • the information you provide us on the application form
  • your credit history report
  • details we already have about you, if you’re an existing customer.

Watch the video to find out more about our personal loan rates.

Understanding our interest rates and fees

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.

Our interest rates:

Loan type

Headline rate1

Comparison rate2

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

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

Comparison rate2

13.56% p.a.
Application fee

One off payment when loan is established

Monthly fee
Exit fee
Late payment fee

What rate will I get?

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.

Managing your credit score

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.

Other videos

How to apply online

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.


Tracking your application online

If your NAB personal loan application has been conditionally approved, you can conveniently use internet banking to track and manage your application.

How to set up direct debit repayments

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.

How to improve your credit history

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:

  • Pay your credit card and loans on time
  • Pay your bills on time
  • Don’t overdraw your transaction accounts
  • Don’t apply for too many new credit cards or loans at the same time
  • Create a relationship with your bank

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)

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

Indicator rates for other personal lending

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