Whether you're looking to fund a car, a renovation or even a holiday, NAB’s variable rate Unsecured Personal Loan may help you achieve your spending goals. Variable rates start from 6.99% p.a. (7.91% p.a. comparison rate*), plus the loan’s flexible repayment schedule and the flexible 1-7 year loan loan terms can help you create a repayment plan fit to with your budget.
To kick off your personal loan search, the interest rate is likely your first port of call. The NAB Unsecured Personal Loan offers variable rates from 6.99% p.a. (7.91% p.a. comparison rate*) to 20.49% p.a. (21.33% p.a. comparison rate*), depending on your credit history as a borrower.
To help you save some interest, early repayments can be your new best friend and with the NAB Personal Loan you’ll be able to make these early repayments with no extra fees attached. Even if you completely pay off the loan early, you won’t have to worry about any sort of exit fee.
Getting a loan to fit your budget can be a little tricky, but NAB provides personalised loan repayment options to make this as easy as possible. You’re able to choose a loan that is anywhere between 1 and 7 years, as well as choosing to make your repayments either weekly, fortnightly or monthly.
To be eligible for a NAB Personal Loan you’ll need to borrow a minimum of $5,000, but you can borrow all the way up to $55,000 if your loan needs are for something a little bit larger. And as the loan is unsecured, you don’t need any sort of collateral to be eligible.
This variable, unsecured loan could be great for borrowers with no assets to put up as security and great credit, thanks to the personalised interest rates on offer.
NAB Personal Loan does come with a $10 monthly service fee you'll need to budget for.
Variable |
|
6.99% p.a.variable |
|
7.91% p.a.to 21.33% p.a.based on $30,000 |
$150.00 |
|
$10.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
$5,000.00 |
|
$55,000.00 |
|
1 Year |
|
7 Years |
|
Unsecured |
Car, Education, Home improvements, Medical, Travel, Weddings |
|
Weekly, Fortnightly, Monthly |
|
yes |
|
yes |
|
none |
|
none |
WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. 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.
NAB is the best bank ever.
Read full reviewNAB is the best bank ever.
NAB gave me a chance when I needed a loan for medical reasons. They were quick and easy to deal with and funds were transferred quickly.
Read full reviewNAB gave me a chance when I needed a loan for medical reasons. They were quick and easy to deal with and funds were transferred quickly.
The contract was not clear that interest was charged every month instead of yearly and the interest rate was higher than what was quoted for a variable loan and it never reduces.
Read full reviewThe contract was not clear that interest was charged every month instead of yearly and the interest rate was higher than what was quoted for a variable loan and it never reduces.
Been a customer of NAB since 2013. Since day one of getting a loan for my house to 2020 for my investment property loan nothing has changed. From branch customer service to loan approvals they are hopeless. For my first build, the bloke I put my loan through went on leave and never passed it on to anyone and I lost 5k because the land settlement was done two weeks late. Tryed to get a loan for an invest property. Same thing happened. Had to go through 4 people before it went somewhere and then still they needed more paperwork when I’ve submitted all. Will never recommend anyone to NAB.
Read full reviewBeen a customer of NAB since 2013. Since day one of getting a loan for my house to 2020 for my investment property loan nothing has changed. From branch customer service to loan approvals they are hopeless. For my first build, the bloke I put my loan through went on leave and never passed it on to anyone and I lost 5k because the land settlement was done two weeks late. Tryed to get a loan for an invest property. Same thing happened. Had to go through 4 people before it went somewhere and then still they needed more paperwork when I’ve submitted all. Will never recommend anyone to NAB.
Not ideal interest rate.
Read full reviewNot ideal interest rate.
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Debt Consolidation
6.57% p.a.to 18.99% p.a.
7.19% p.a.to 19.39% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Clean Green Car Loan
7.29% p.a.
8.41% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Express Personal Loan
14.95% p.a.to 27.95% p.a.
29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Debt Consolidation
5.76% p.a.to 24.03% p.a.
6.57% p.a.to 24.99% p.a.based on $30,000
over 5 years