NAB offers two options for customers looking for a personal loan: A fixed rate interest loan and a variable rate interest loan.

Personal loan products

Available via NAB?

Fixed rate personal loan

Variable rate personal loan

Low credit personal loan

Personal loan for cars

Secured personal loan

NAB can provide personal loans as small as $5,000 and as large as $55,000, with repayment terms of one to seven years. It also allows borrowers to make repayments weekly, fortnightly, or monthly. 

It can also provide a person with their borrowed funds just one business day after their application is deemed successful and charges no penalties for early repayments or fees for paying a personal loan off early. 

Interest rates

NAB doesn’t offer an exact interest rate on its personal loans. Instead, it provides would-be applicants with a range in which their interest rate could fall. The exact rate a person might be offered will depend on their personal circumstances and could be influenced by a borrower’s credit history, income, assets, debts, and expenses, as well as their history with NAB. 

What can you use an NAB personal loan for?

Well, more to the point is what can’t you use an NAB personal loan for? Many people turn to personal loans for holidays, weddings, home renovations, and even debt consolidation

A NAB personal loan can’t be used for illegal activities, business purposes, to pay for lenders mortgage insurance (LMI), or for a house deposit.


NAB personal loans demand a $250 establishment fee and the bank can charge a $20 fee on late payments.


To be eligible for an NAB personal loan, a person must be at least 18 years of age and receiving a regular income.

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

The bank also asks those applying for a joint personal loan to apply in-branch, as only those applying by themselves can apply online.