Interestingly, NAB doesn’t offer secured car loans. That means those borrowing through the bank to purchase a new set of wheels won’t lose their ride if they fail to meet repayments. However, it also means they might face higher interest rates, as the bank assumes more risk in financing their car purchase than it would if it were to offer a secured car loan.

Car loan products

Available at NAB?

Fixed rate car loan

Variable rate car loan

Fixed interest secured car loan

Variable interest secured car loan

Green car loan

NAB provides car loans as small as $5,000 and as large as $55,000 for terms of one to seven years. It also allows borrowers to pay back their loan in weekly, fortnightly, or monthly instalments. 

While NAB only provides unsecured car loans, it does offer both variable and fixed interest rates. 

Interest rates

NAB doesn’t offer an exact interest rate on car loans. Instead, it advertises an interest rate range, with the exact rate a person might receive depending on their personal circumstances. 

Factors that might influence the rate offered to a borrower include their credit history, their income, assets, debts, and expenses, and their history with NAB. 


Considering applying for an NAB personal loan? The bank allows applications to be completed online and in branch.

It promises would-be borrowers applying online an instant response and, if their application is successful, the funds could be in their bank account in as little as a single business day. 


To apply for NAB to finance a car purchase, a person needs to be at least 18 years of age and receiving a regular income. 

They also need to be an Australian resident for tax purposes, an Australian or New Zealand citizen, an Australian permanent resident, or hold an acceptable temporary residency visa. 

Those hoping to apply for a joint loan with another person need to apply together in a NAB branch. 


NAB car loans come with some fees worth mentioning.

Firstly, they typically demand a $150 application fee. Secondly, a borrower will be forking out for a $10 monthly fee over the course of their loan.

However, the bank doesn’t charge exit fees or late repayment fees.