Important disclosure
Unsecured Personal Loan
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.”
Calculate your repayments for this loan
Your estimated repayment
$633
based on $20,500 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 $22,784 | 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 |
- 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.
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.