It’s personal. With an unsecured personal loan, you can buy a car, consolidate your debts, renovate your home, travel, buy personal goods and more.
Get an instant responseA personal loan can be used for a wide variety of reasons: a car, a home renovation or a special event. What are you looking for?
Our unsecured personal loans can provide flexibility and certainty.
No penalties when you make early repayments, no exit fees when you pay off your loan sooner and no late payment fees.
If you’re approved and accept our loan offer through NAB Internet Banking, your money will be ready in one business day.
From 8.49% p.a. to 20.49% p.a. (comparison rate 9.54% p.a. to 21.49% p.a. ).
Redraw is available on a variable rate loan if you’re ahead on repayments, giving you flexibility if you need money unexpectedly.
You can borrow from $5,000 and up to $55,000 with a loan term to suit your needs.
Choose from one to seven years, with weekly, fortnightly or monthly repayment options.
Personal loans allow you to borrow a set amount of money to pay for something or consolidate debts. The amount you borrow must then be repaid in instalments, plus any interest or fees, over an agreed term. Personal loans are commonly used to fund home renovations, travel, and big purchases like buying a boat, car or motorbike. Personal loans can also help fund a dream wedding day. When it comes to debt consolidation, a personal loan can be used to combine credit card debts and outstanding loans in one spot to help you manage repayments and take control of your finances.
An unsecured personal loan means we don’t need any property or collateral to allow you to borrow. This is different from a secured loan, like a mortgage or secured car loan, where you use your home or car as security to borrow against. Learn more about secured and unsecured loans.
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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.
| Application fee One-off payment when loan is established | $250 |
|---|---|
| Monthly fee | $10 |
| Exit fee | $0 |
| Late payment fee | $0 |
Apply online and get an instant response.
Understanding the different types of interest rates will help you make an informed choice.
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.
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.
We have guides and other resources to help you apply for a new personal loan or manage your existing one.
Use our help guides, FAQs and other support services to help you manage your banking more easily.
Visit your nearest NAB branch to speak to us in person.
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Consider the NAB Internet Banking Terms and Conditions which apply when using NAB Internet Banking.
Terms and conditions and fees and charges apply. Approval and loan amount are subject to our credit assessment criteria. Information, including fees are subject to change. See our general terms for personal loans, personal banking fees and charges and indicator rates for other personal lending.
NAB acknowledges the Traditional Owners of the land as Australia’s First Peoples and recognises their continuing connection to lands, water and country. We pay our respects to Elders past and present.
Any advice on our website has been prepared without considering your objectives, financial situation or needs. Before acting on any advice, consider whether it is appropriate for your circumstances and view the Product Disclosure Statement or Terms and Conditions available online or by contacting us. Credit applications are subject to credit assessment criteria. Interest rates, fees and charges are subject to change. Target Market Determinations for our products are available at nab.com.au/TMD. Products issued by NAB unless stated otherwise.
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