NAB Personal Loan (Fixed, Unsecured)
NAB Personal Loan (Fixed, Unsecured)
Mozo Review NAB Personal Loan (Fixed, Unsecured) Review
Last updated: 22 November 2019.
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:
$150 application fee, $10 service fee & $35 late payment 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.
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 11.49% p.a. (12.37% p.a. comparison rate*), while the maximum is 18.99% p.a. (19.83% p.a. comparison rate*).
Who it's 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.
Any catches?
While this loan is pretty solid across the board, you'll need to budget for the $150 application fee, $10 service fee and if you’re tardy with your repayer then the $35 late payment fee.
Details
Rates and fees information correct as at 22 February 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 18.69% p.a. fixed
-
13.56% p.a.to 19.53% p.a.based on $30,000
over 5 years
Fees
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$150.00
-
$10.00
-
$35.00
-
$0.00
-
$0.00
Other financial bits
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$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 10.69% based on credit history.
Customer Reviews
How are NAB personal loans rated by the Mozo community?
Latest reviews of NAB Personal Loan (Fixed, Unsecured)
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Not impressed.
I wish I never went with NAB. I was also made to feel like the insurance was required.
Read full reviewI wish I never went with NAB. I was also made to feel like the insurance was required.
Price5/10Features6/10Customer service5/10Convenience7/10LessTrust4/10 -
Average.
They allow you to take the loans out but when you really need them they aren't there for you.
Read full reviewThey allow you to take the loans out but when you really need them they aren't there for you.
Price5/10Features0/10Customer service4/10Convenience3/10LessTrust2/10 -
Great bank for me.
I have banked with NAB for over 20 years and have found NAB to be a trustworthy and reliable choice for all my banking needs.
Read full reviewI have banked with NAB for over 20 years and have found NAB to be a trustworthy and reliable choice for all my banking needs.
Price6/10Features6/10Customer service7/10Convenience8/10LessTrust5/10 -
Love the customer support.
Customer support all above board.
Read full reviewCustomer support all above board.
Price8/10Features10/10Customer service9/10Convenience9/10LessTrust10/10 -
Easy process and personal loan has a good price.
I have used NAB for a long time, was easy to set up, good price, great customer service and overall I would use again for these reasons.
Read full reviewI have used NAB for a long time, was easy to set up, good price, great customer service and overall I would use again for these reasons.
Price8/10Features8/10Customer service9/10Convenience8/10LessTrust8/10
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.
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13.56% p.a.
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7.95% p.a.to 19.45% p.a.
8.78% p.a.to 20.4% p.a.based on $30,000
over 5 years
$595.00upfront and $0.00/month
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8.00% p.a.
8.21% p.a.based on $30,000
over 5 years
$150.00upfront and $0.00/month
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Unsecured Personal Loan
6.79% p.a.to 14.99% p.a.
8.83% p.a.to 17.15% p.a.based on $10,000
over 3 years
$299.00upfront and $0.00/month
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Harmoney
Unsecured Personal Loan
6.99% p.a.to 28.69% p.a.
7.69% p.a.to 29.55% p.a.based on $30,000
over 5 years
$500.00upfront and $0.00/month
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Unsecured Personal Loan (Fixed)
7.50% p.a.to 14.99% p.a.
9.51% p.a.to 18.48% p.a.based on $10,000
over 3 years
$335.95upfront and $0.00/month
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People's Choice Credit Union
Discounted Personal Loan
7.99% p.a.
8.35% p.a.based on $30,000
over 5 years
$250.00upfront and $0.00/month
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ING
Unsecured Personal Loan
8.99% p.a.
9.13% p.a.based on $30,000
over 5 years
$100.00upfront and $0.00/month
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St.George
Secured Personal Loan
8.49% p.a.
9.60% p.a.based on $30,000
over 5 years
$195.00upfront and $12.00/month
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Car Loan
5.50% p.a.
5.85% p.a.based on $30,000
over 5 years
$250.00upfront and $0.00/month
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Low Rate Secured Personal Loan
4.69% p.a.
7.16% p.a.based on $10,000
over 3 years
$200.00upfront and $5.00/month
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St.George
Secured Personal Loan
8.49% p.a.
9.60% p.a.based on $30,000
over 5 years
$195.00upfront and $12.00/month
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People's Choice Credit Union
Discounted Personal Loan
7.99% p.a.
8.35% p.a.based on $30,000
over 5 years
$250.00upfront and $0.00/month
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OurMoneyMarket
Low Rate Personal Loan
8.00% p.a.
8.21% p.a.based on $30,000
over 5 years
$150.00upfront and $0.00/month
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Wisr
Unsecured Personal Loan
7.95% p.a.to 19.45% p.a.
8.78% p.a.to 20.4% p.a.based on $30,000
over 5 years
$595.00upfront and $0.00/month
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Harmoney
Unsecured Personal Loan
6.99% p.a.to 28.69% p.a.
7.69% p.a.to 29.55% p.a.based on $30,000
over 5 years
$500.00upfront and $0.00/month
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ING
Unsecured Personal Loan
8.99% p.a.
9.13% p.a.based on $30,000
over 5 years
$100.00upfront and $0.00/month
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RateSetter
Unsecured Personal Loan
6.79% p.a.to 14.99% p.a.
8.83% p.a.to 17.15% p.a.based on $10,000
over 3 years
$299.00upfront and $0.00/month
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People's Choice Credit Union
Low Rate Unsecured Personal Loan
9.99% p.a.
11.74% p.a.based on $10,000
over 3 years
$250.00upfront and $0.00/month
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SocietyOne
Unsecured Personal Loan (Fixed)
7.50% p.a.to 14.99% p.a.
9.51% p.a.to 18.48% p.a.based on $10,000
over 3 years
$335.95upfront and $0.00/month
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MoneyPlace
Unsecured Personal Loan (Fixed)
7.65% p.a.to 26.99% p.a.
7.65% p.a.to 23.5% p.a.based on $30,000
over 5 years
$0.00upfront and $0.00/month
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OurMoneyMarket
Low Rate Personal Loan
8.00% p.a.
8.21% p.a.
$0.00
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Unsecured Personal Loan
6.79% p.a.to 14.99% p.a.
8.83% p.a.
$0.00
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Harmoney
Unsecured Personal Loan
6.99% p.a.to 28.69% p.a.
7.69% p.a.
$0.00
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SocietyOne
Unsecured Personal Loan (Fixed)
7.50% p.a.to 14.99% p.a.
9.51% p.a.
$0.00
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People's Choice Credit Union
Discounted Personal Loan
7.99% p.a.
8.35% p.a.
$0.00
