NAB Personal Loans

National Australia Bank (NAB) has been providing financial support to customers in Australia, New Zealand and around the world for more than 150 years. NAB offers savings and transaction accounts, credit cards, home loans, and financial services for individuals and businesses, including personal loans.

NAB’s unsecured personal loans don’t need to be guaranteed by an asset as collateral, and fixed or variable interest rate options are available to better suit different financial situations. Using these NAB personal loans, it’s possible to consolidate your debts, or pay for travel, a new car, or renovations to your home.

NAB can be contacted via phone, email or online via live chat, though if you’re not already an existing customer, NAB recommends visiting a branch first before applying for a personal loan, to better determine your financial requirements.

Features of a NAB personal loan

NAB’s unsecured personal loans are available for borrowing between $10,000 and $55,000, and you can choose either a fixed or variable interest rate, depending on whether you would prefer simpler budgeting or greater repayment flexibility.

NAB personal loans can be used for a wide range of purposes, including consolidating debt and making large purchases. You can also choose a loan term of between 1 and 7 years, so you can get your debt paid off more quickly, or make more affordable repayments. These repayments can be made monthly, fortnightly or weekly – whatever suits your budget.

What RateCity says

NAB’s fixed and variable personal loan interest rates are higher than the market average. When it comes to fees and charges, NAB’s upfront fee is lower than the market average, and the ongoing monthly fee is higher.

You have the option to make extra repayments onto NAB’s fixed or variable personal loans, so you can clear your debt more quickly and reduce the interest you pay. These personal loans also have no exit fees for paying off the loan early, so you can confidently make those extra repayments if you so choose. However, only the Variable rate NAB personal loan includes access to a redraw facility, which allows you to withdraw and extra repayments you make onto your loan in case of emergencies.

Personal Loans from NAB

Advertised Rate
Comparison Rate
Monthly Repayment
Go To Site
  • No early exit penalty
  • Can apply online
  • Can apply in branch
  • Available for 457 visa holders
  • Monthly fee charged
  • Application fee charged
Customer Service
  • Customer service centre (phone)
  • Mobile app
  • Online banking
  • Email
  • Live Chat
  • Branch
  • SMS and email alerts
Applying and Eligibility

Existing NAB customers can make an application online, by phone, or by visiting a branch. Non-customers will need to apply in person at a branch.

To be eligible for a NAB personal loan, you’ll need to be 18 or over, and be able to prove you can make your loan repayments.

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