NAB logo

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: 30 March 2021.

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What's hot
  • 12.69% p.a. headline interest rate** (13.34% p.a. comparison rate*)
  • Flexible weekly, fortnightly or monthly repayment options
  • Free extra repayments
What's not
  • $10 service 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 6.99% p.a. (7.91% p.a. comparison rate*), while the maximum is 18.99% p.a. (19.83% 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 monthly $10 service fee.

Details

Rates and fees information correct as at 20 April 2021. 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

  • Rates are based on credit history, headline rate is 12.69% (13.56% comparison rate*).

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
6.0/10
Customer service
7.1/10
Convenience
7.5/10
Trust
6.9/10

Latest reviews of NAB Personal Loan (Fixed, Unsecured)

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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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