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NAB Personal Loan (Fixed, Unsecured)

Advertiser disclosure
Interest rate from
12.69% p.a.to 18.99% p.a.
Comparison rate from
13.56% p.a.to 19.83% p.a.based on $30,000
over 5 years
Upfront fee
$150
Go to site

Mozo editorial review NAB Personal Loan (Fixed, Unsecured)

Last updated: 15 June 2020.

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What's hot
  • 12.69% p.a. headline interest rate** (13.56% p.a. comparison rate*)
  • Flexible weekly, fortnightly or monthly repayment options
  • Free extra repayments
What's not
  • $10 service fee
  • $150 application fee
Mozo snapshot

So, you’re after an unsecured personal loan to cover that new car, pool or big kitchen reno? Well, the unsecured NAB Personal Loan is a good place to start your search as it comes with a 12.69% p.a. fixed headline interest rate** (13.56% p.a. comparison rate*). It also lets you choose to repay your loan over 1-7 years in either weekly, fortnightly or monthly instalments.

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Key features

If you’re on the hunt for a competitive personal loan, then you’re probably looking for a killer rate. Well, you're in luck! The NAB Personal Loan offers a 12.69% p.a. fixed headline interest rate** (13.56% p.a. comparison rate*) which is nothing to turn your nose up at if you ask us! 

On top of a hot rate, this loan allows fee-free extra repayments with no early repayment penalties, so you can pay your loan off early to save even more on interest.

When it comes to repaying your loan you have the option to choose between weekly, fortnightly and monthly repayments that can go on for a loan term anywhere between 1 to 7 years, letting you personalise your loan to fit with your budget.

Thinking of getting a loan somewhere between $5,000 to $55,000? Perfect, because that’s the exact range of money the NAB Personal Loan allows you to borrow.

This is an unsecured personal loan, which means you won't need to put up any assets like a house or a car as collateral against the loan.

**The interest rate shown is a headline rate. The headline rate is the rate that the majority of NAB personal loan customers will get. The minimum interest rate available on this loan is 9.99% p.a. (10.66% p.a. comparison rate*), while the maximum is 18.99% p.a. (19.59% p.a. comparison rate*).

snapshot
Who is it good for

If you're after a personal loan but don't have any assets to put up as security and would prefer to stick with a big bank, then this might be the loan for you. The fixed rate will also appeal to borrowers who like having a budget, as your repayments will always stay the same.

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Any catches

While this loan is pretty solid across the board, you'll need to budget for the $150 application fee and monthly $10 service fee.

Details

Rates and fees information correct as at 24 November 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Fixed

  • 12.69% p.a.to 18.99% p.a. fixed

  • 13.56% p.a.to 19.83% p.a.based on $30,000
    over 5 years

Fees
  • $150.00

  • $10.00

  • $0.00

  • $0.00

  • $0.00

Other financial bits
  • $5,000.00

  • $55,000.00

  • 1 Year

  • 7 Years

  • Unsecured

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • no

  • none

  • Headline rate displayed above, rates start as low as 9.99% based on credit history.

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.

Customer Reviews

How are NAB personal loans rated by the Mozo community?

Overall
6.8/10
Price
6.4/10
Features
6.1/10
Customer service
7.1/10
Convenience
7.5/10
Trust
6.9/10

Latest reviews of NAB Personal Loan (Fixed, Unsecured)

  • Overall 10/10
    Reliable

    The app is user friendly and able to sort things out without having to call.

    Read full review

    The app is user friendly and able to sort things out without having to call.

    Price
    9/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Karthi, Victoria reviewed 13 days ago
  • Overall 7/10
    Great bank, reliable, trustworthy, nimble.

    I like NAB because they are nice on the phone, pretty prompt with actioning personal loan applications, and any requests I have.

    Read full review

    I like NAB because they are nice on the phone, pretty prompt with actioning personal loan applications, and any requests I have.

    Price
    8/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Patricia, New South Wales reviewed about 1 month ago
  • Overall 7/10
    Balanced offer on interest rates

    Got this loan as medical emergency. Almost a month of processing before approval. There might be other companies that can offer better but this is a nice alternative.

    Read full review

    Got this loan as medical emergency. Almost a month of processing before approval. There might be other companies that can offer better but this is a nice alternative.

    Price
    7/10
    Features
    6/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    7/10
    Less
    James, New South Wales reviewed 5 months ago
  • Overall 4/10
    Never wanting to deal with a big bank again!

    After being with NAB for a while I took out loans, when my work changed due to health reasons, I went to consolidate and they refused. I then tried my best to keep up with payments, tried to sort out a better way do I wouldn’t so broke and it took so long even providing them with health records and letters from my doctors. It was only when I said I’d have to go bankrupt that they decided to listen. Helped for 3-6 months then palmed me off to debt collectors. They have been helpful but I’m still paying it off 7yrs later. If I were able to consolidate earlier 4yrs ago I may have stood a chance at paying off but they were only interested in keeping the interest so they made so much more off me and late fees.

    Read full review

    After being with NAB for a while I took out loans, when my work changed due to health reasons, I went to consolidate and they refused. I then tried my best to keep up with payments, tried to sort out a better way do I wouldn’t so broke and it took so long even providing them with health records and letters from my doctors. It was only when I said I’d have to go bankrupt that they decided to listen. Helped for 3-6 months then palmed me off to debt collectors. They have been helpful but I’m still paying it off 7yrs later. If I were able to consolidate earlier 4yrs ago I may have stood a chance at paying off but they were only interested in keeping the interest so they made so much more off me and late fees.

    Price
    3/10
    Features
    5/10
    Customer service
    8/10
    Convenience
    5/10
    Trust
    1/10
    Less
    Katie, New South Wales reviewed 5 months ago
  • Overall 5/10
    A safe bet but don't expect anything extraordinary

    As a big bank they don't seem to go out of their way to retain customers and they don't ever contact me to see if they could be doing anything better.

    Read full review

    As a big bank they don't seem to go out of their way to retain customers and they don't ever contact me to see if they could be doing anything better.

    Price
    2/10
    Features
    4/10
    Customer service
    5/10
    Convenience
    4/10
    Trust
    5/10
    Less
    Femke, Queensland reviewed 6 months ago
NAB

About NAB

National Australia Bank is one of the big four banks who provide a large variety of financial products to the Australian Community. In recent times NAB has set itself apart from the other big four banks; by expanding their ATM network, removing many fees and maintaining low standard variable home loan rates. NAB's changes to its financial products have made their home loan, credit card, loans, savings accounts and personal loans more competitive within the banking industry.

See NAB personal loans

NAB

NAB

Personal Loan (Variable, Unsecured)

12.69% p.a.to 18.99% p.a.

13.56% p.a.

$10.00

NOW Finance

NOW Finance

Unsecured Personal Loan

6.95% p.a.to 17.95% p.a.

6.95% p.a.to 17.95% p.a.based on $30,000
over 5 years

SocietyOne

SocietyOne

Unsecured Personal Loan (Fixed)

6.99% p.a.to 9.49% p.a.

6.99% p.a.to 12.2% p.a.based on $10,000
over 3 years

OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

6.75% p.a.to 8.48% p.a.

6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years

Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 21.99% p.a.

6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years

Alex

Alex

Personal Loan

6.95% p.a.to 19.99% p.a.

6.95% p.a.to 19.99% p.a.based on $30,000
over 5 years

Liberty

Liberty

Personal Loan

6.45% p.a.to 26.99% p.a.

6.45% p.a.to 26.99% p.a.based on $30,000
over 5 years

CUA

CUA

Unsecured Personal Loan (Fixed)

9.39% p.a.

9.64% p.a.based on $30,000
over 5 years

Wisr

Wisr

Unsecured Personal Loan

7.95% p.a.to 19.45% p.a.

8.22% p.a.to 19.76% p.a.based on $30,000
over 5 years

Plenti

Plenti

New Car Loan (Fixed)

4.89% p.a.to 8.89% p.a.

5.44% p.a.to 9.46% p.a.based on $30,000
over 5 years

OurMoneyMarket

OurMoneyMarket

Car Loan

5.50% p.a.

5.85% p.a.based on $30,000
over 5 years

Wisr

Wisr

Secured Car Loan

5.19% p.a.to 18.95% p.a.

5.46% p.a.to 19.26% p.a.based on $30,000
over 5 years

Heritage Bank

Heritage Bank

Car Loan

4.89% p.a.

5.53% p.a.based on $30,000
over 5 years

loans.com.au

loans.com.au

New Car Loan (Fixed)

4.67% p.a.

5.22% p.a.based on $30,000
over 5 years

P&N Bank

P&N Bank

Secured Personal Loan

6.81% p.a.

7.80% p.a.based on $30,000
over 5 years

CUA

CUA

Secured Car Loan (Fixed)

6.79% p.a.

7.16% p.a.based on $30,000
over 5 years

loans.com.au

loans.com.au

Clean Green Car Loan

3.97% p.a.

4.51% p.a.based on $30,000
over 5 years

NOW Finance

NOW Finance

Unsecured Personal Loan

6.95% p.a.to 17.95% p.a.

6.95% p.a.to 17.95% p.a.based on $30,000
over 5 years

Plenti

Plenti

Unsecured Personal Loan (Fixed)

6.49% p.a.to 8.99% p.a.

6.84% p.a.to 9.34% p.a.based on $30,000
over 5 years

OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

6.75% p.a.to 8.48% p.a.

6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years

SocietyOne

SocietyOne

Unsecured Personal Loan (Fixed)

6.99% p.a.to 9.49% p.a.

6.99% p.a.to 12.2% p.a.based on $10,000
over 3 years

Alex

Alex

Personal Loan

6.95% p.a.to 19.99% p.a.

6.95% p.a.to 19.99% p.a.based on $30,000
over 5 years

Liberty

Liberty

Personal Loan

6.45% p.a.to 26.99% p.a.

6.45% p.a.to 26.99% p.a.based on $30,000
over 5 years

CUA

CUA

Unsecured Personal Loan (Fixed)

9.39% p.a.

9.64% p.a.based on $30,000
over 5 years

Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 21.99% p.a.

6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years

NOW Finance

NOW Finance

Unsecured Personal Loan

6.95% p.a.to 17.95% p.a.

6.95% p.a.

$0.00

Plenti

Plenti

Unsecured Personal Loan (Fixed)

6.49% p.a.to 8.99% p.a.

6.84% p.a.

$0.00

OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

6.75% p.a.to 8.48% p.a.

6.96% p.a.

$0.00

SocietyOne

SocietyOne

Unsecured Personal Loan (Fixed)

6.99% p.a.to 9.49% p.a.

6.99% p.a.

$0.00

Liberty

Liberty

Personal Loan

6.45% p.a.to 26.99% p.a.

6.45% p.a.

$0.00

Alex

Alex

Personal Loan

6.95% p.a.to 19.99% p.a.

6.95% p.a.

$0.00

CUA

CUA

Unsecured Personal Loan (Fixed)

9.39% p.a.

9.64% p.a.

$0.00

Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 21.99% p.a.

6.47% p.a.

$10.00