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Compare personal loans

  Personal Loan Personal Project Loan Tertiary Student Loan
Ideal for
  • car or motorcycle
  • boat or jetski
  • caravan
  • debt consolidation
  • travel
  • investment
  • home renovations
    furniture or appliances
  • wedding & honeymoon
  • baby preparations
  • vehicle modifications
  • car or motorcycle
  • computer
  • study fees and books
  • furniture and appliances
  • relocation expenses
Loan amount $5,0001 up to $80,000 $5,000 up to $35,000 $500 up to $20,000
Interest rate Variable or Fixed Variable  Variable
Interest free period 0 days  60 days 0 days 2
Access to funds
  • Bank cheque(s) and/or
  • NAB transaction account 7
  • Visa merchants
  • NAB Internet banking3
  • NAB Telephone Banking3
  • NAB branch4
  • Bank cheque(s) and/or
  • NAB transaction account
Redraw

 yes  7

no

no

Minimum transaction amount

no 7

$3005
 $5006
Security required Secured or unsecured Unsecured only Secured or unsecured
Application eligibility criteria
  • Over 18 years
  • Wage or salary earner
  • Australian permanent resident
  • Over 18 years
  • Wage or salary earner
  • Australian permanent resident
  • Over 18 years
  • Full time tertiary student at University, TAFE, Agricultural college or Registered Training Organisation
Loan term 1 - 7 years Up to 7 years 3 years, at the expiry of the deferral period (up to 5 years)2
Repayment free period

no

no

Up to 5 years2
Repayment frequency Weekly, fortnightly or monthly Monthly Regular or occasional repayments can be made during the deferral period to save on interest
Repayment methods
  • Periodical payment
  • NAB Internet Banking3
  • NAB Telephone Banking3
  • NAB branches
  • Direct debit
  • NAB Internet Banking3
  • NAB Telephone Banking3
  • NAB branch
  • BPAY® 
  • Mail
  • Periodical payment
  • NAB Internet Banking3
  • NAB Telephone Banking3
  • NAB branches
Early repayment without exit fees

yes

yes

yes

Fees Guide to fees & charges Guide to fees & charges Guide to fees & charges



How to apply?
You can apply online, call 13 13 12 from 8am to 9pm EST, 7 days a week, or drop into any NAB branch.  Hearing impaired customers with telephone typewriters can contact us on 13 36 77 from 8am to 8pm EST, Monday to Friday.  When you apply, you'll need:
  • Identification to satisfy an AUSTRAC 100 point test (if you are a new customer)
  • Your driver's licence details
  • The value of your home and car, if applicable, and any other assets
  • The amount owing on your loans, credit cards or store cards
  • Your income and employment details
  1. NAB Home Loan customers unable to use redraw to access small loan amounts, can borrow from a minimum of $2000.                                                    
  2. Repayments begin three months after full-time study is completed. Interest is accrued from the date of drawdown.
  3. Terms and conditions apply and are available upon registration for the service. Fees and charges may be payable.
  4. Accessing funds in a non-NAB branch will incur a non-NAB Branch Withdrawal Fee.
  5. Each transaction under $300 will incur a Low Value Transaction Fee.
  6. Customers can progressively drawdown a minimum of $300 at a time with no fees.
  7. Redraw is only available on unsecured variable rate personal loans that do not have a guarantor. Funds must be transferred to a NAB transaction account. Minimum redraw amount is $500, maximum redraw amount is  $15,000.

Terms and conditions available on application. Fees and charges are payable. Normal lending criteria apply.

® Registered to BPAY Pty Ltd ABN 69 079 137 518 


 
 
 
 
 
 
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