Product | Interest rate from | Comparison rate from | Upfront fee |
---|---|---|---|
Personal Loan (Fixed, Unsecured) |
6.99% p.a.to 20.49% p.a. |
7.91% p.a.to 21.33% p.a.based on $30,000 |
$150.00 |
Personal Loan (Variable, Unsecured) |
6.99% p.a.to 20.49% p.a. |
7.91% p.a.to 21.33% p.a.based on $30,000 |
$150.00 |
Fixed Rate Personal Loan:
If you prefer sticking to a routine and knowing where you stand with your repayments, you might find NAB’s fixed-rate unsecured personal loan is the perfect pick for you. Loan amounts range from $5,000 to $55,000, and you can choose between a repayment term of one to seven years. But remember that this fixed-rate loan doesn’t come with the flexible feature of a redraw facility. But then again, this could be a blessing in disguise as you won’t be tempted to dip into those extra repayments you’ve made. Best yet, unlike many other fixed-rate loans, NAB’s comes with no break cost fee for repaying the loan before the agreed term ends.
Variable Rate Personal Loan:
As with the fixed version, NAB’s variable rate unsecured loan lets you borrow between $5,000 and $55,000 and choose a repayment term from one to seven years. While the interest rate is lower than with the Fixed Rate Personal Loan, remember that NAB can lift the rates at any time, so you should factor rate changes into your budget for making repayments. Like NAB’s fixed-rate personal loan, you can fast-track your repayments and pay it all off early without footing a break cost fee. The main bonus with having a variable rate personal loan is the redraw facility option, which you can use without extra cost so long as you make your adjusted loan repayments.
Applying for a personal loan with NAB is a simple process. The loan could be granted immediately if you apply before 2pm on a business day at a branch. The funds might even clear into your NAB account two hours later. Better still, you can sign up for one from the comfort of your own home without having to walk into a branch. At most, it will take two days to find out if your personal loan application has been accepted. Then, you’ll be set to continue with your wedding planning or a trip to the car dealer!
The documents you need to apply for a personal loan with NAB include:
Mozo users have rated NAB personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
872 Reviews
Wonderful customer service. Easy to deal with.
Read full reviewWonderful customer service. Easy to deal with.
The redraw function does not work and I feel like I was lied to. Interest rate is very high. I’ll be looking to consolidate soon.
Read full reviewThe redraw function does not work and I feel like I was lied to. Interest rate is very high. I’ll be looking to consolidate soon.
I applied for a personal loan via the internet. I was approved within minutes. So easy. Made my day.
Read full reviewI applied for a personal loan via the internet. I was approved within minutes. So easy. Made my day.
It's my first bank and I love it
Read full reviewIt's my first bank and I love it