calculate your personal loan repayments

With a personal loan you can buy a car, consolidate debts, travel, renovate your home and more. Fees and charges payable. Amounts shown don’t include fees.

I want to borrow
I want to pay off my new loan in (years)

A shorter term means higher repayments (as they're spread over less years). A longer term means lower repayments, but more interest paid by the end of the loan term.

1 2 3 4 5 6 7
and make repayments every Week Fortnight Month
I want my interest rate to be

A fixed rate means your loan's interest rate and repayments will stay the same for the loan term. Redraw won't be available. A variable rate means your loan's interest rate and repayments could move up or down.

Fixed Variable

NAB personal loan benefits

  • No penalties, exit fees or surprise charges

  • Receive funds in one business day once your loan is approved and accepted

  • Redraw extra funds on variable rate loans

  • Convenient online document acceptance through NAB Internet Banking

  • Borrow from $5,000 up to $55,000


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.

Fixed rates versus variable rate

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

A 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

A 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.

Our best rates

If you have an excellent credit history, you may be offered a rate at the lower end of our range. For example, from 6.99% p.a. on variable or fixed rate loans (comparison rate 7.91% p.a.*).

An excellent credit history can mean you haven’t opened many new lending products or increased your credit limits too often.

If you have credit accounts such as a credit card, personal loan or home loan and have made repayments on time, this will also positively affect your credit rating.

Our average rates

If your credit history isn’t long or as good, you’ll likely be offered a rate around 12.69% p.a. (comparison rate 13.56% p.a.*) or higher on variable or fixed rate loans.

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

Other tools and calculators

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

Personal loan debt consolidation calculator

Understand how your repayments could change by consolidating your debts.

Personal loan borrowing power calculator

Estimate what you can afford to borrow and how much the repayments will be.

Budget planner calculator

Use our free budget planner to create a monthly budget.

Important information

Rates and information current as at 9 June 2021 and subject to change. Terms, conditions, fees, charges and lending criteria apply.

* Calculations are based on an example interest rate and are estimates only. The amount does not include the monthly Loan Service Fee and the Application Fee. The interest rate you get may be different from the example rate and will be based on several factors, including the information you provide and our credit assessment.

- Minimum interest rate for a variable rate loan is 6.99% p.a. (7.91% p.a. comparison rate) and the maximum interest rate is 18.99% p.a. (19.83% p.a. comparison rate).

- Minimum interest rate for a fixed rate loan is 6.99% p.a. (7.91% p.a. comparison rate) and the maximum interest rate is 18.99% p.a. (19.83% p.a. comparison rate).

Comparison rate calculated on unsecured loan amount of $30,000 over a term of 5 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.

We're ready to help you

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