Best Unsecured Personal Lender 3 years in a row
RFi Group’s Australian Lending Awards 2019, 2020, 2021
Looking for a holiday loan? Benefits of a personal loan
Our unsecured personal loans can provide flexibility and certainty when you start planning your trip.
No penalties or exit fees
No penalties when you make early repayments or exit fees when you pay off your loan sooner.
Ability to redraw extra funds
Redraw available on a variable rate loan if you’re ahead on repayments, giving you flexibility if you want to extend your holiday.
Personalised rates
From 6.99% p.a. to 18.99% p.a. (comparison rate 7.91% p.a. to 19.83% p.a. ).
Get funds in one business day
If you’re approved and accept the loan. Accept your documents faster through NAB Internet Banking.
Borrow from $5,000
Borrow up to $5,000 with a loan term to suit your needs.
Flexible borrowing terms
Spread the cost of your holiday across your chosen loan term, from one to seven years, with weekly, fortnightly or monthly repayment options.
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
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.
Personal loan interest rates
| Interest rate | Comparison rate | |
|---|---|---|
| Variable rate loan | Interest rate
From 6.99% p.a. to 18.99% p.a. |
Comparison rate
From 7.91% p.a. to 19.83% p.a. |
| Fixed rate loan | Interest rate
From 6.99% p.a. to 18.99% p.a. |
Comparison rate
From 7.91% p.a. to 19.83% p.a. |
Personal loan fees
| Application fee One-off payment when loan is established |
$150 |
|---|---|
| Monthly fee | $10 |
| Exit fee | $0 |
| Late payment fee | $0 |
Ready to apply for holiday finance?
Apply online and get a response in 60 seconds.
Personal loans for holidays and travel
Personal loans for holidays and travel
Personal loans for holidays and travel
Personal loans for holidays and travel
Our interest rates explained
Understanding the different types of interest rates will help you make an informed choice.
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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.
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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.
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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.
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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 options to consider
Not sure if a personal loan to finance your holiday is right for you? Check out our other finance options or travel saving tips.
Help and support
We have guides and other resources to help you apply for a new personal loan or manage your existing one.
Other ways we can help
Use our help guides, FAQs and other support services to help you manage your banking more easily.
Contact us
Visit a NAB branch
If you have any questions or are unable to apply online, visit us in branch – we’ll be happy to help.
Terms and Conditions
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Personal Banking Fees and charges
Credit contract - General terms for personal loans
Indicator rates for other personal lending
Target Market Determinations for these products are available at nab.com.au/TMD.