After being with NAB for a while I took out loans, when my work changed due to health reasons, I went to consolidate and they refused. I then tried my best to keep up with payments, tried to sort out a better way do I wouldn’t so broke and it took so long even providing them with health records and letters from my doctors. It was only when I said I’d have to go bankrupt that they decided to listen. Helped for 3-6 months then palmed me off to debt collectors. They have been helpful but I’m still paying it off 7yrs later. If I were able to consolidate earlier 4yrs ago I may have stood a chance at paying off but they were only interested in keeping the interest so they made so much more off me and late fees.
Been a customer of NAB since 2013. Since day one of getting a loan for my house to 2020 for my investment property loan nothing has changed. From branch customer service to loan approvals they are hopeless. For my first build, the bloke I put my loan through went on leave and never passed it on to anyone and I lost 5k because the land settlement was done two weeks late. Tryed to get a loan for an invest property. Same thing happened. Had to go through 4 people before it went somewhere and then still they needed more paperwork when I’ve submitted all. Will never recommend anyone to NAB.
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Personal loan comparisons on Mozo - rates updated daily
Low Rate Personal Loan
8.21% p.a.based on $30,000 over 5 years
Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 8.00% would cost $36,647.51 including fees.
*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. WARNING: 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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