NAB loans suitable for a car

Whether it’s a loan for a motorbike, a new car or used vehicle, NAB may be able to help.

NAB Logo

Having your own car, whether for business or personal use, comes with huge benefits, and is a necessity for many people in a range of living situations. With NAB, you can now realise your dream of owning your own car by opting for an Unsecured Personal Loan. As the loan is unsecured this loan may be suitable whether you are planning on purchasing a brand new one or a secondhand vehicle.

Is your car eligible?

As the loan is unsecured you're able to finance a brand new or secondhand car with this loan. You can purchase a car from a dealership or a private sale, or you can even buy demonstrator vehicle. You may also be able to add on additional purchases to this loan, depending on how much you're approved for. Keep in mind you will need to note your loan purpose when you apply.

You can apply for between $5,000 and $55,000 so the car you're looking to buy needs to be valued between those amounts or you need to be looking to borrow that amount.

How to apply for a NAB Unsecured Personal Loan to purchase a vehicle

To apply for the NAB Unsecured Personal Loan, please click "Go to Site" to start your application. You'll need to meet the following eligibility criteria before you start the application:

  • Be over the age of 18
  • Receive a regular income or wage
  • Have a good credit rating
  • Be able to afford the loan repayments
  • Be an Australian citizen, permanent resident, New Zealand citizen or hold a 457 visa
  • Live in Australia

You'll need the following information on hand to complete your application:

  • Details of your desired loan such as loan amount and terms
  • Driver's license number
  • You contact details
  • Your personal details
  • Employment details
  • Income, expenses and assets

The application should take about 30 minutes to complete and you can receive your funds in about two business days. If you're an existing NAB customer, you can use Internet Banking to submit your application, but you will need to apply online if you are a new customer or if you are making joint applications.

Car Loan Offers

Important Information*
IMB New Car Loan

Borrow up to $75,000 for a new car up to two years old. Competitive 5.99% p.a. rate available to all approved applicants. - New Car Loan

This car loan is for new cars and offers a low fixed rate and no ongoing fees.

Latitude Motor Vehicle Loan

Apply online to finance a new or used motor vehicle and receive a response in 90 seconds. You will receive a competitive tailored rate of between 6.99% p.a. to 14.99% p.a. based on your risk profile.

Stratton Finance New Car Loan

Apply for up to $100,000 and have up to 7 year(s) to repay. You can use cash or trade in a vehicle to use as a deposit.

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.
Ask a question
Go to site