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NAB Personal Loan (Variable, Unsecured)

Advertiser disclosure
Interest rate from
6.99% 18.99% p.a.
Comparison rate from
7.91% 19.83% p.a.based on $30,000
over 5 years
Upfront fee

Mozo editorial review NAB Personal Loan (Variable, Unsecured) - last updated: 15 July 2021

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What's hot
  • Variable rates from 6.99% p.a. (7.91% p.a. comparison rate*)
  • Flexible repayment schedule
  • Free extra repayments
What's not
  • $10 service fee
Mozo snapshot

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.

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Key features

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 18.99% p.a. (19.83% 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.

Who is it good for

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.

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Any catches

NAB Personal Loan does come with a $10 monthly service fee you'll need to budget for.


Rates and fees information correct as at 16 May 2022. 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.


6.99% p.a.variable

7.91% 19.83% p.a.based on $30,000
over 5 years







Other financial bits



1 Year

7 Years



Weekly, Fortnightly, Monthly





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.

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