NAB Personal Loans
Whether you’re buying a new car or boat, taking a holiday, buying something for the home or just consolidating debts, applying for a NAB personal loan can make it easier for you.
Featured NAB Personal Loan
This loan is suitable if you are looking to buy a car, renovate your home, go on holiday or consolidate debt.
- No application fee for a limited time , No early repayment fee.
- Low Variable Rate starting from 14.99% p.a.*
- Choose from a loan amount from $10,000
- Pick a budget-friendly fixed rate or a competitive variable rate
- Decide on a loan term between 1 to 7 years
- Pay your loan off sooner by making extra repayments with NO repayment fees
- You’ll also have a redraw facility to access money you’ve paid in advance (variable loans only).
NAB Personal Loans Comparison
| Personal Loan | Details | Min Interest Rate | Min Comparison Rate | Min Loan Amount | Min Loan Terms | Apply Fee | |
|---|---|---|---|---|---|---|---|
NAB Personal Loan Unsecured Variable $10,000+ |
Apply for NAB Car loan and enjoy a low interest rate. Special offer: for a limited time $0 application fee. | 14.99% | 15.85% | $10000 | 1 year | $150 |   |
Benefits of a NAB Personal Loan
A NAB personal loan can help you buy the things you need with personal loans that can be tailored to suit your needs. You have the freedom to borrow between $5,000 and $80,000, so you might use your loan to upgrade your car or remodel the kitchen or bathroom or perhaps consolidate more expensive debts over to an easier personal loan.
Choose either a fixed or variable interest rate.
A fixed rate gives you the security of always knowing how much your repayments will be in advance, or enjoy the competitiveness of a variable rate.
Repayment Frequency / Methods
Weekly, fortnightly or monthly repayments. Repay via a NAB Branch, Telephone, Periodical payments or Online Banking.
Redraw Options
On your unsecured variable rate NAB Personal Loan you can access extra funds you’ve repaid.
Optional insurance protection
- Loan Cover
- NAB Travel Insurance
- NAB Car Insurance
Flexible Loan Terms
You can select to repay your personal loan over a loan term that suits you. NAB personal loan terms are available from 1 – 7 years, but if you choose to repay your balance earlier, you’ll benefit by not being charged an early repayment penalty.
You’re also able to choose between a fixed or variable interest rate on your personal loan. This means you can have the security of always knowing how much your repayments will be in advance with a fixed rate, or you can enjoy the competitiveness of a variable rate.
Easy Repayment Options
Aside from these benefits, you can also nominate to have your repayments paid weekly, fortnightly or monthly to suit when you get paid. NAB have even made it as easy as possible to make your repayments, offering options that include paying via any NAB branch, making a payment via telephone banking, periodical payments or using online banking.
You don’t have to be an existing NAB customer to apply for a personal loan. You simply need to be over 18 and a permanent Australian resident.
Saving Money with a NAB Personal Loan
When you apply for a NAB Personal Loan, you have many options available to suit your own budget and needs. Personal loans are traditionally much cheaper than credit cards, so you know you’re not being charged exorbitant rates of interest on the amount you borrowed.
Your NAB Personal Loan repayments are calculated on a principal and interest basis, which means every payment you make pays a little in interest plus a little off your balance.
Compare this to a credit card that barely covers just the amount in interest you owe and it’s easy to see how a personal loan could help you stay in control of your finances. You’ll always know that every payment you make off your personal loan is reducing your debt levels automatically.
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