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NAB Car Loans

NAB special lending solutions are tailored to help you secure your home sooner. If you are self-employed, run your own business and have a steady income, but are lacking a good financial history then a nab lo doc loan could be the solution for you. Applying for a “Low Doc” loan involves a similar process to a normal home loan application. You will be required to confirm your income in order to qualify with the loan application.

For more great deals on savings account visit our savings account page to compare savings accounts by highest interest rate.

NAB car loan repayment calculator

Thinking about taking out a car loan with NAB? Use our car loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how NAB car loans compare with other options.

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NAB Car Loans rates

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About NAB car loans

NAB is one of Australia’s largest banking institutions. They offer a wide range of personal finance products including home loans, credit cards and of course, car loans. Car loans are similar to personal loans but are purposefully designed with vehicle purchase in mind. Depending on the car loan you pick, the total cost of your new ride could vary greatly, so it’s wise to shop around. NAB offer unsecured car loans only, meaning they loan is not secured against an asset helping to reduce the risk and therefore the cost of the loan. NAB offers both a fixed and variable rate car loan. The variable rate loan has a slightly lower interest rate but will be subject to change at the bank’s discretion.

Features of a NAB car loan

NAB car loans can be applied for in-branch or from the comfort of your own home. The online application process means that you can complete your application in your own time when it is most suitable for you. You can also apply for conditional approval if you are still in the early stages of searching for your dream car. Having your finances ready-to-go can give you the confidence to negotiate the best deal possible when you find the car you are interested in.

There are no early exit fees if you do manage to pay off your loan early which is another plus of NAB car loans. This means that if you come into a lump sum of money, or receive a pay rise, this money can go straight onto your car loan without you having to worry about being penalised. There are, however, fees charged on a monthly basis as well as an upfront application fee.

Customer service

  • Customer service centre (phone)
  • Mobile app
  • Online banking
  • Email
  • Live Chat
  • Branch
  • Mobile banking staff



  • No early exit penalty
  • Available for 457 visa holders
  • Online application available
  • Branch access available



  • Application fee charged
  • Monthly fee charged


What RateCity says

If you are looking at a NAB car loan it is important to consider that they have above average interest rates and charge an upfront and monthly fee. It is worth noting, however, that the majority of car loans charge an upfront fee and the NAB car loan fee is below the market average. Another positive aspect of NAB car loans is that they do not charge extra for early repayment of the loan.

Customers of NAB are also likely to enjoy attentive customer service with the bank offering multiple methods for keeping in touch. This includes branch access and online chat services. If you prefer a lender that allows you to drop in and chat about your financial products, then this may be a plus for you.

Applying/ eligibility

To be eligible for a NAB car loan you must be an adult living in Australia and be able to provide proof that you earn a regular income. You don’t have to be a citizen of Australia; you can also be a 457 visa holder or a New Zealand citizen. If you are self-employed you must be able to provide your most recent personal income tax return and your most recent notice of assessment.

  • Must be 18 years or older
  • Must provide proof of a regular income
  • Must live in Australia
  • Must have a good credit rating.


A bad credit car loan is a car loan for borrowers who have ‘bad credit’ or a bad credit history.

Some lenders refuse to offer bad credit car loans, because they believe there is an excessive risk that bad credit borrowers will not repay their loans. However, other lenders are willing to provide bad credit car loans.

Generally, these lenders charge higher interest rates for bad credit car loans than ‘prime’ car loans, reflecting the higher level of risk. Bad credit car loans may also have higher fees than prime car loans.

However, the big advantage of a bad credit car loan is that it allows borrowers with bad credit to access finance. Another advantage is that it could help bad credit borrowers improve their credit rating, assuming they make all their repayments on time.


^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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