This calculator allows you to compare the amount you currently repay in relation to your existing debts against your estimated repayment amount if you consolidated those debts into a NAB Personal Loan.

Calculator assumptions

What you have told us is correct

We have assumed that the information you have entered about your current debts is accurate.

Time of calculation

We’ve calculated everything based on the information and figures available as at the date the calculation is made.

Repayment frequency

If you input a weekly, fortnightly or monthly repayment amount for an existing debt, we will first convert it into an annual amount, and then into a monthly or fortnightly amount (depending on what repayment cycle you have chosen for the NAB Personal Loan), assuming there are exactly 52 weeks or 26 fortnights, and 12 months in each year. 

About the NAB Personal Loan repayment amount calculations

  • Calculations are based on an example interest rate and are estimates only. The interest rate you get may be different from the example rate. 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.

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.

  • Repayments are payable, and interest is charged, monthly and on the same day. If you have asked us to show you a fortnightly repayment amount, to keep things simple, we will multiply the monthly repayment amount we have calculated by 12 and then divide it by 26. 
  • Some of our calculations or repayment amounts will be rounded to the nearest cent.
  • To provide the monthly interest amount, this calculator takes your annual interest charge and divides it by 12 so that interest is spread evenly across each month. Under a personal loan contract, each monthly interest calculation is based on the number of days in each month, so the figure will vary.


WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Important information