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NAB Personal Loan Calculator & Product Overview

Whatever your reason for borrowing, NAB personal loans offer more than money. Compare your options below and estimate your repayments as the first step to getting a competitive deal from this Australian big four player.

Calculate repayments for NAB personal loans

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3 months


NAB Variable Rate Personal Loan

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1-7 years flexible loan term, borrow from $5,000 up to $55,000 and redraw additional repayments you've already made

NAB Fixed Rate Personal Loan

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Advert. Rate (p.a)
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Borrow from $5,000 up to $55,000 for 1 to 7 years flexible loan terms provides factual information in relation to financial products. While attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at time of publishing. The information published on is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with recommends that you read the relevant PDS or offer documentation before taking up any financial product offer. For more information please see's Terms of Use and Services Guide.

Minimum and maximum loan periods vary between 6 months and 10 years. Comparison interest rates vary between 6.55% and 20.89% p.a. Total interest repayments vary between $1,387 and $4,165 over the life of the loan. *Comparison rate is based on an unsecured loan of $10,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

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NAB personal loans – Sign up for “Big Four” finance

As one of the four major players on Australia’s banking scene, National Australia Bank or NAB hardly needs an introduction. NAB has a variety of financial products up for grabs, and NAB personal loans are one popular option that covers many borrowing needs. Get the full scoop on the features and benefits you can expect when you apply, plus anything else you need to know.

What you get from NAB at a glance

  • Credit limits: Between $5,000 and $55,000
  • Repayment terms: Over 1-7 years
  • Headline interest rate: 12.69% p.a.
  • Interest rate type: Fixed or variable
  • Comparison rate: 13.56% p.a.
  • Loan type: Unsecured personal loan, so no collateral required

The NAB personal loan is best when you:

  • Want to borrow without providing security
  • Have a decent credit rating
  • Need to borrow a minimum of $5,000
  • Prefer to do business with a big bank that’s been around for long

Types of personal loans from NAB

  • NAB Fixed rate personal loan. This option offers peace of mind since your interest rate won’t shift the goalposts for your budget and repayments. However, a fixed rate loan doesn’t come with a redraw facility, so you can’t withdraw any previously paid extra repayments.
  • NAB Variable rate personal loan. Although your interest rate might fluctuate, there’s a redraw facility available when you want to access any extra repayments. Besides greater repayment flexibility, you can also save more if the rate falls.

Features and benefits of personal loans from NAB

  • Loan amounts. NAB’s range of amounts is set between $5,000 and $55,000. The minimum amount might be a bit restrictive forcing you to borrow more than you may need for small expenses like car repairs or home appliance purchases. However, the maximum amount means the loan is suitable for a wide range of uses.
  • Loan terms. You have between 1 and 7 years when paying off your debt. This flexibility allows you to choose affordable repayments or repay your debt as quickly as you please.
  • Repayment options. Weekly, fortnightly, and monthly repayments are all available so you can tailor your loan to your schedule.
  • Extra repayments. If you’re in a hurry to pay off your debt, NAB won’t charge you for this. You can make additional repayments on top of your regular ones or pay a one-off lump sum. Paying off your debt at an earlier date means you pay less interest overall.
  • Same day funding. This applies to existing customers who are approved in-store by 2 pm during weekdays.
  • Loan management. NAB Internet Banking lets you keep pace with your loan. You can check your balance, transaction history, due dates, repayment amounts, and other information you may need to manage your debt. Additionally, you can make repayments via direct debit, telephone banking, or the nearest NAB branch.

NAB loan purposes

There are many reasons why you might want a personal loan, most of which are acceptable to NAB. Take a look at the following popular reasons for borrowing:

  • Buying a car, caravan, boat, or motorbike
  • Consolidating debt
  • Home renovations and improvements
  • Paying for a wedding or holiday

NAB personal loan rates, fees and charges

NAB offers fixed and variable rates from 9.99% p.a. to 18.99% p.a. (comparison rate 10.88% p.a. to 19.38% p.a.). However, the headline rate is 12.69% while the comparison rate is advertised as 13.56% p.a.

The majority of borrowers get the advertised headline rate. But NAB might give you a higher or lower rate based on your personal information and credit assessment.

NAB also charges a $150 application fee which can be waived and a $10 monthly fee. There are no early exit fees.

How to get a NAB Bank personal loan

Before you start your online loan application, you’ll need to:

  • Be 18 years or older
  • Apply on your own (joint applications are available at branches or by calling)
  • Be an Australian resident or New Zealand citizens. Australian permanent residents and those with an acceptable Temporary Residency Visa also qualify.
  • Earn a regular income
  • Provide your driver’s licence number and details about your employment, income, monthly living expenses, assets, and liabilities
  • Provide your NAB ID if you’re an existing customer

When applying with BestFind, simply use the NAB personal loan calculator on this page and click “Go to Site” to move over to the application page. NAB generally responds with an offer within 60 seconds. Once you accept your offer and the final details are in place, you receive money in your account.

More about NAB

NAB also provides secured car loans, home loans, business loans, bank accounts, and credit cards. So far, this banking giant serves over 9 million customers at over 900 locations in Australia, New Zealand, and other world areas.

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