NAB offers unsecured personal loans with fixed or variable interest rates, and unsecured car loans. The interest rates can vary between 8.49% and 20.49% p.a. If you have an excellent credit history, you may be offered a lower rate. For average credit applicants, rates can be as high as or more. There is also an establishment fee of $250, and a monthly fee of $10. Your loan term will range from 1 to 7 years.
NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed
From
8.49 %p.a.
fixed rate
From
9.54 %p.a.
comparison rate
Additional repayments without penalty
No early exit fees
Borrow up to $55,000
100% confidential application
NAB Personal Loan Unsecured Fixed
NAB offers a fixed interest rate loan. Use your loan for a holiday, home improvement, a special project or even a wedding. It’s even a smart way to take control of your credit card debt.
The personal loans from NAB can be used for a variety of purposes. Below are some of the main types of personal loans that you can take advantage of from NAB:
Unsecured Personal Loan (Fixed). This unsecured loan can help you pay for home renovations, travel or even debt consolidation. NAB personal loans allow you to borrow between $5,000 and $55,000 depending on your needs and capacity to pay. As the loan is fixed, your repayments won't fluctuate during the loan term.
Car Loans. If you're looking for financing options for a car, you might want to consider a NAB Unsecured Personal Loan. The loan term is from 1 to 7 years and given that the loan is unsecured, you can finance a new car or used car.
Unsecured Personal Loan (Variable). The unsecured variable rate option gives you increased repayment flexibility with your loan. You still won't be able to attach security but you will be able to make additional repayments and redraw them when you need to. Loan terms between 1 to 7 years are available.
What do Australians think of NAB personal loan?
4.18/5 overall for Customer Satisfaction — higher than the average of 4
4.57/5 for Trust — higher than the average of 4.2
4.2/5 for Customer Service — higher than the average of 4.05
Loan amount. NAB's personal loans give you the ability to borrow from $5,000 up to $55,000.
Repayment terms. You can repay your loan in a period ranging between , depending on whether you choose a fixed or variable rate.
Interest rate. NAB gives you the choice between fixed and variable rates with its personal loans.
Repayment flexibility. There is no penalty for extra repayments, allowing you to pay off your loan sooner.
Redraw facility. A redraw facility is available for variable rate loans.
What other products does NAB offer?
Business Loans. You can expand your business with competitive loan offers. Whether you want to expand your branch network or invest in increasing your manufacturing capacity, NAB business loans are designed to give your company a boost.
Bank Accounts. NAB has a complete range of bank accounts for customers. You can open a savings account, a transaction account or a specialised account. Check out the features of each product to determine which one best suits your needs.
Credit Cards. NAB offers three main credit cards that are designed to suit different buying habits. The bank offers credit cards for personal users, business customers and frequent flyers.
How to apply for a personal loan from NAB
It is very easy to apply for a NAB personal loan – just click "Go to Site" to get started. Before you start, make sure you meet the following eligibility criteria:
Be at least 18 years old
Be an Australian citizen or permanent resident of Australia
Earn a regular income or wage
Be able to afford the loan repayments
To apply for a NAB personal loan, make sure you have the following on hand to complete the application:
Income and employment details
Details of your assets, debts and liabilities
If you're self-employed, you'll need a personal income tax return and your most recent notice of assessment
If your business runs as a partnership, company or trust, you'll need a partnership, company or trust tax return
It takes 20 minutes or less to submit an online form, but if you're an existing NAB customer you can apply through Internet banking. While NAB offers a competitive range of personal loan products, it's best to compare the options you have available to you before submitting your application.
The rapid rise in the cost of living has left households doing the unthinkable, according to new research by Finder, Australia's most visited comparison site.
Hi, I apply for personal loan a week ago and still don’t have any answer wether if i’m approved or not. How long does it take to know the result of the application?
Finder
DeeAugust 13, 2016Finder
Hi RL,
Thanks for your comment.
Please note that finder.com.au is a financial comparison and information service. We do not represent NAB.
After you submitted a personal loan application with NAB, you should be able to receive an email or a secure message through internet banking straight away to confirm that they have received your application. Within 1-2 business days, they will send an email informing you of the status of your application.
If you have not received any email from NAB to confirm the status of your application, I suggest that you directly get in touch with them to inquire.
Cheers,
Anndy
rrMay 9, 2016
can 485 graduate visa get a loan 7000$?
i got 13 month left to visa expired
thanks
Finder
ElizabethMay 10, 2016Finder
Hi RR,
NAB considers temporary residents for certain loans but you need to be holding a 457 Visa or be a New Zealand citizen. You can take a look at our website and find more personal loans for temporary residents.
Hope this has helped,
Elizabeth
priscillajhApril 14, 2016
Can I get a loan I’m on carer pension
Finder
ElizabethApril 15, 2016Finder
Hi priscillajh,
Some Centrelink income is considered by NAB as a regular income, the main thing is that you are able to demonstrate that you are able to afford the loan repayments. You can find out the loan options available to pensioners and the eligibility criteria that apply.
Hope this will help,
Elizabeth
SharonMarch 14, 2016
I am on a ds pension and have a part time job. I am a single mother. I would like to get a home loan. Is there a bank out there who will lend me the money and how much do I need as a deposit pls?
The disability pension is accepted by most lenders as a form of income given that you have a secondary income source (which it appears that you do through part-time employment).
Keep in mind that it can be difficult to qualify for a loan if you’re on the pension as the lender views you as a high-risk borrower. However, if you can demonstrate to the lender that you have a good credit history, sufficient savings, and enough income/benefit to service the loan then you may be able to qualify.
Typically you should try to come up with at least a 20% deposit to avoid paying lender’s mortgage insurance (LMI) for a full documentation loan.
Thanks,
Belinda
MaryDecember 4, 2014
I am on a disability pension. Could I qualify for a car loan.
Finder
ShirleyDecember 4, 2014Finder
Hi Mary,
Thanks for your question.
Please get in touch with NAB directly regarding this enquiry. You’ll be able to discuss how much you receive, how often and if you have a primary source of income.
They’ll be able to explain what options are available to you and discuss your eligibility.
Cheers,
Shirley
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Hi, I apply for personal loan a week ago and still don’t have any answer wether if i’m approved or not. How long does it take to know the result of the application?
Hi RL,
Thanks for your comment.
Please note that finder.com.au is a financial comparison and information service. We do not represent NAB.
After you submitted a personal loan application with NAB, you should be able to receive an email or a secure message through internet banking straight away to confirm that they have received your application. Within 1-2 business days, they will send an email informing you of the status of your application.
If you have not received any email from NAB to confirm the status of your application, I suggest that you directly get in touch with them to inquire.
Cheers,
Anndy
can 485 graduate visa get a loan 7000$?
i got 13 month left to visa expired
thanks
Hi RR,
NAB considers temporary residents for certain loans but you need to be holding a 457 Visa or be a New Zealand citizen. You can take a look at our website and find more personal loans for temporary residents.
Hope this has helped,
Elizabeth
Can I get a loan I’m on carer pension
Hi priscillajh,
Some Centrelink income is considered by NAB as a regular income, the main thing is that you are able to demonstrate that you are able to afford the loan repayments. You can find out the loan options available to pensioners and the eligibility criteria that apply.
Hope this will help,
Elizabeth
I am on a ds pension and have a part time job. I am a single mother. I would like to get a home loan. Is there a bank out there who will lend me the money and how much do I need as a deposit pls?
Hi Sharon,
Thanks for getting in touch.
We have a page about home loans for Centrelink recipientsand where you can also enquire with a mortgage broker that can help review your financial position and find a suitable product for you.
The disability pension is accepted by most lenders as a form of income given that you have a secondary income source (which it appears that you do through part-time employment).
Keep in mind that it can be difficult to qualify for a loan if you’re on the pension as the lender views you as a high-risk borrower. However, if you can demonstrate to the lender that you have a good credit history, sufficient savings, and enough income/benefit to service the loan then you may be able to qualify.
Typically you should try to come up with at least a 20% deposit to avoid paying lender’s mortgage insurance (LMI) for a full documentation loan.
Thanks,
Belinda
I am on a disability pension. Could I qualify for a car loan.
Hi Mary,
Thanks for your question.
Please get in touch with NAB directly regarding this enquiry. You’ll be able to discuss how much you receive, how often and if you have a primary source of income.
They’ll be able to explain what options are available to you and discuss your eligibility.
Cheers,
Shirley