Your selected car loans
Choose between a fixed or variable interest rate from 8.49% p.a. (9.54% p.a. comparison rate*)
No exit, early repayment, late payment, or loan default fees
Borrow $5,000 to $55,000, depending on your needs
Loan terms from 1 to 7 years.
$250 application fee
$10 monthly service fee
If you’re after a loan where you won’t have to put your new ride up as collateral, NAB’s unsecured car loan could be your pick.
With your choice of a variable or fixed interest rate, starting at 8.49% p.a. (9.54% p.a. comparison rate*), this unsecured car loan is light on the fees other lenders typically charge.
There are no exit or early repayment fees, meaning you won’t get penalised if you pay your car off faster, and there are no fees for making late payments or defaulting on your loan altogether. However, this could result in slightly stricter lending criteria being applied when your application is assessed. So, make sure your credit score is humming and you’re in a good financial position before applying!
Other fees include a $10 monthly service fee and $250 application fee, paid when your loan is established.
Minimum loan amounts start at just $5,000 but you can borrow up to $55,000, depending on your needs. For added flexibility, you can choose a loan term from 1 to 7 years.
Your selected car loans
NAB is excellent to deal with great customer service
You can apply for a NAB car loan online or in-branch. For your application you’ll need to:
You will also need to have a bunch of information handy, such as:
If you’re submitting your car loan application online, then you could receive conditional approval in less than a minute, according to the NAB website. However, they’ll still need to assess your application and financial situation before giving you unconditional loan approval. Once your loan is approved, you’ll then be able to accept the offer and receive your funds in one business day.
No. NAB’s personal car loans are all unsecured. This means that you won’t be able to put your car as security for the loan, usually resulting in higher interest rates.
Yes. You have the option for choosing your repayment frequency with a NAB car loan.
* 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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