NAB Personal Loan Rates & Fees, Review & Compare - Best Find

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Personal loan amount

Term of personal loan


Loan purpose

Personal loan provider

Nab Personal Loans

Personal Loan Variable

Borrow for almost anything with a NAB Personal Loan - wedding rings, boats, furniture, school fees, caravans and more.


Minimum loan amount$5,000

Maximum loan amount$55,000

Minimum term (years)1 Year

Maximum term (years)7 Years

Advertised rate14.69%

Comparison rate15.55%

Monthly repayments (approx)$350

Total repayments (approx)$12,623

Total interest repayments (approx)$2,623

Rate typeVariable

Secured or unsecuredUnsecured

Security required No

Encumberance/REVVS check fee$0

Application / establishment fee$150

Other Fees & Information

Monthly fee$10

Quaterly fee$0

Annual fee$0

Other fees$0

Redraw facilityYes

Repayment scheduleWeekly, Fortnightly, Monthly

Early repayments allowedYes

Early repayments fee$0

Missed payment fee$35

For debt consolidation?Yes

Sponsored No

Telephone13 13 12

Data accurate as of9/04/2016

Comparison rate warning Comparison rate calculated on unsecured loan amount of $30,000 over a term of 5 years based on monthly repayments. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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Did you know you can compare 100’s of personal loans? Browse, filter and on our main personal loans comparison page.

Compare and review NAB personal loan rates

Looking to make major purchase, go on a holiday or perhaps to consolidate your existing debts into one simple regular repayment? When comparing NAB personal loans, there are other important things to consider and understand, other than just NAB’s interest rates.

What personal loan options does NAB offer?

NAB has 1 personal loan product:

  • NAB Variable Rate Personal Loan


View the above table for detailed product information and a comparison of the interest rates, fees and features.

You can also review and compare NAB car loans, NAB home loan and NAB credit cards.

Do you have a NAB personal loans calculator?

Yes. Use the filter to adjust your loan amount and term to calculate your approximate monthly repayments. When you apply the filter, you will see a breakdown of your approximate monthly repayments as well as the total amount of interest and fees paid.

How to apply for a NAB Personal Loan?

If you’d like to apply online for a NAB personal loan, just scroll up and click on “Learn more” to be taken to NAB’s secure online application form. Before you apply, be sure to learn about NAB’s personal products, fees and eligibility criteria. Give yourself around 30 minutes to complete the application.

NAB’s personal loan eligibility criteria

Before you apply for a personal loan, be sure to understand and meet the NAB’s lending criteria. Below is high-level overview of NAB’s criteria:

NAB’s minimum requirements for a personal loan

  • Minimum age of 18
  • Earn a minimum of $15,000 per annum
  • An Australian citizen, permanent resident or have a valid visa

Information you’ll need to provide

Whether at the NAB branch or online, make sure to have the following nearby:

  • Proof of income. A verifiable and steady employment. You may be required to provide copies of your most recent pay slips and employer’s contact information
  • A list of your assets, expenses and liabilities
  • Driver’s licence (if you have one) or other forms of ID

Are you self-employed?

If you’re self-employed, you will also need to provide:

  • Financial statements for the last year
  • Your most recent personal/business tax return

Other things to keeping mind when applying with NAB

  • It’s advantageous to have a good credit history. For example, you have no recent defaults and no frequent requests for credit
  • Credit cards with large credit limits are seen as liabilities, even if there’s nothing owing. If you have existing liabilities, be certain you can pay them off in addition to your NAB personal loan

There are many additional factors NAB consider when accessing your application, but the above are the most important. If you feel like you may not meet their eligibility criteria, it may be best to save!

What can you use a NAB personal loan for?

You can borrow for almost any worthwhile purpose. No, going to the casino and putting it all on black is not a worthwhile purpose.

Examples of common loan purpose NAB will lend for:


Additional product information

NAB’s minimum and maximum personal loan amounts and terms

You can borrow between $5,000 and $55,000. Over terms between 1 year and 7 years. Use our filter as a repayment calculator to see your monthly repayments and rates.

NAB’s repayment schedule

NAB allow weekly, fortnightly or monthly repayment.

Extra repayment or early penalties

NAB allows you to make additional or early repayments. There are fees associated with completely repaying your loan off early.

Redraw facility

NAB’s Variable Rate Personal Loan gives you the option of being able to make redraws.