Important disclosure

National Australia Bank Limited

Unsecured Personal Loan

Real Time Rating™

  • 1 to 7 years
  • Unsecured
  • Variable Rate
  • Instant approval

special

Borrow from $5,000 to $55,000 with a 1 - 7 year flexible loan term with NAB. Plus enjoy no fees for extra repayments and no early exit fees.

2024 Award Winner

Interest Rate

6.99%

p.a

up to 20.49%

Comparison Rate*

Headline rate From

7.91%

p.a

up to 21.33%

RateCity says

“Provided by one of Australia's biggest banks, this unsecured personal loan has no early repayment fees and offers access to a redraw facility. It's available to 457 visa holders.”

Real Time Rating™
Tags
  • 1 to 7 years
  • Unsecured
  • Variable Rate
  • Instant approval
Interest Rate

6.99%

p.a

up to 20.49%

Comparison Rate*

Headline rate From

7.91%

p.a

up to 21.33%

Calculate your repayments for this loan

$

Your estimated repayment

$926

based on $30,000 loan amount for 3 years at 6.99%

Pros and cons

For Unsecured Personal Loan

Benefits

  • Lower than average application fees
  • No early exit penalty
  • Unlimited extra repayments
  • Flexible repayment options
  • No security required
  • Can apply online
  • Can apply in branch
  • Use the loan for any worthwhile purpose
  • Suitable for both new or used car
  • Fast time to funding
  • Approval is instant
  • Winner of Excellent Credit Personal Loans, RateCity Gold Awards 2024

Drawbacks

  • Service fee charged

NAB Rate Personal loan overview

For Unsecured Personal Loan

Details

Total repayments

Interest rate type

Variable

Borrowing range

$5k - $55k

Security type

Unsecured

Loan term

1 to 7 years

Secured by

Loan type

Is Fully Drawn Advance

Repayment frequency

Weekly, Fortnightly, Monthly

Target Market Determination

Visit National Australia Bank Limited to view Target Market Determination.

Features

Extra repayments

Yes

Redraw facility

redraw activation fee of $0

Instant approval

Time to funding

24 hours

Fees

Upfront Fee

$150

Ongoing Fee

$10 Monthly

Missed Payment Penalty

$0

Early Exit Penalty Fee

$0

Permitted Loan Purposes

New Car

Used Car

Motorcycle

Boat

Debt Consolidation

Renovation

Holidays

Medical Bill

Shares

Student Loan

Wedding

Specials
  • Other Borrow from $5,000 to $55,000 with a 1 - 7 year flexible loan term with NAB. Plus enjoy no fees for extra repayments and no early exit fees.

Promoted personal loans

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Unsecured Personal Loan (Excellent Credit) (Amount > $5000)

Real Time Rating™
  • 3 to 5 years
  • Unsecured
  • Fixed Rate
  • No ongoing fees

2024 Award Winner

Interest Rate

5.76%

p.a

up to 24.03%

Comparison Rate*

From

6.55%

p.a

up to 24.99%

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Low Rate Personal Loan Secured (Excellent Credit)

Real Time Rating™
  • 1 to 7 years
  • Secured
  • Fixed Rate
  • No ongoing fees
Interest Rate

6.57%

p.a

up to 8.48%

Comparison Rate*

From

7.19%

p.a

up to 13.58%

Promoted

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No Fee Personal Loan

Real Time Rating™
  • 1 to 7 years
  • Unsecured
  • Fixed Rate

2024 Award Winner

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Pay no fees over the lifetime of your loan with NOW Finance. T&C’s apply.
Interest Rate

6.75%

p.a

up to 26.95%

Comparison Rate*

From

6.75%

p.a

up to 26.95%

FAQs

How long are $3000 loans?

Medium amount loans can be repaid between 16 days and 2 years. Many personal loans have terms between 1 year and 5 years, though some are as short as 6 months while others last for 10 years.

Generally, the shorter a loan’s term, the more expensive your regular repayments may be, but the less total interest you’ll pay. Loans with longer terms mean more affordable repayments, but more interest charges over the full term.