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.
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*).
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.
While this loan is pretty solid across the board, you'll need to budget for the monthly $10 service fee.
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
$150.00
$10.00
$0.00
$0.00
$0.00
$5,000.00
$55,000.00
1 Year
7 Years
Unsecured
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.
Just recently a house came up that my partner and I fell in love with that was going to be auctioned. We did all the right things and went to the NAB to get our loan started and pre-approved. Our loan got conditionally approved which we met all the conditions for so we took the bid at auction and got the place for less than what the bank was going to lend us. Again, we did all the right things and met all the banks requirements, even flying home early from holidays so we could sort it out. The loan went to the head office where it stewed for a few days and then they came back to us and said they could only conditionally lend us x amount but only if we magically came up with 100k+. We now have 10 days to settle and no loan. They left us high and dry and shattered our dreams. Will be finding a new bank to handle our finances as the NAB can't be trusted.
Read full reviewJust recently a house came up that my partner and I fell in love with that was going to be auctioned. We did all the right things and went to the NAB to get our loan started and pre-approved. Our loan got conditionally approved which we met all the conditions for so we took the bid at auction and got the place for less than what the bank was going to lend us. Again, we did all the right things and met all the banks requirements, even flying home early from holidays so we could sort it out. The loan went to the head office where it stewed for a few days and then they came back to us and said they could only conditionally lend us x amount but only if we magically came up with 100k+. We now have 10 days to settle and no loan. They left us high and dry and shattered our dreams. Will be finding a new bank to handle our finances as the NAB can't be trusted.
This bank is the worst ever, never would recommend to anybody. Screen your phone calls, harassed me, worst ever.
Read full reviewThis bank is the worst ever, never would recommend to anybody. Screen your phone calls, harassed me, worst ever.
The app is user friendly and able to sort things out without having to call.
Read full reviewThe app is user friendly and able to sort things out without having to call.
I like NAB because they are nice on the phone, pretty prompt with actioning personal loan applications, and any requests I have.
Read full reviewI like NAB because they are nice on the phone, pretty prompt with actioning personal loan applications, and any requests I have.
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 reviewGot 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.
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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