NAB Unsecured Personal Loan

Get access to the funds you need with the NAB Unsecured Personal Loan.

The unsecured personal loan from NAB gives you the option to borrow money to consolidate your debt, pay for a holiday, or even make a number of large purchases. With this NAB loan, you're able to enjoy competitive rates for amounts of between $5,000 and $55,000.

Product NameNAB Personal Loan Unsecured Fixed
Interest Rate (p.a.)11.99% (fixed)
Comparison Rate (p.a.)12.87%
Interest Rate TypeFixed
Min Loan Amount$5,000
Max. Loan Amount$55,000
Loan SecurityUnsecured


  • Same day funding - conditions apply
  • Flexible repayment options
  • No extra payment for your early repayments


  • Application fee of $150
  • Monthly fee of $10
  • There may be late fee

Features and benefits of the NAB Unsecured Personal Loan

  • Various loan amounts available. You're able to borrow between $5,000 and $55,000 for most worthwhile purposes. It should be noted that this loan is also offered for loan amounts above $5,000, but will come with a slightly higher interest rate attached to it.
  • You can select the term of the loan. If you are confident in your ability to pay this loan back you can opt to pay it back in as little as 1 year(s), or in as many as 7 year(s).
  • Your choice of repayments. Repaying your loan can be done on a fortnightly, weekly or monthly basis. This means you can coincide your payments with your wage cycle.
  • Early repayment available. If you are in a position to pay your loan off earlier than the agreed term, you can make the repayments without any additional fees.
  • You can make additional repayments. You can also choose to redraw any additional repayments you make on your loan, as long as you redraw more than $500 at a time. There's also a maximum of $15,000 per redraw.

Fees and charges applicable

  • Application fee. $150. This covers the cost of setting your loan up.
  • Loan service fee. $10 per month. This is charged to maintain your account.
  • Default fee.If you fail to make a repayment you'll also be charged a default fee of $35.

How you can apply

If you're ready to apply for this loan, you can click "Go to Site" to submit your application. Remember to check you meet the eligibility criteria, outlined below, before you apply:

  • You're over 18 years of age
  • You're a permanent Australian resident
  • You earn a regular income

In order to apply for an NAB unsecured personal loan, you need the following info.

  • Proof of identification or a valid driver's licence number
  • Income details as well as details of all the assets through which income can be generated for collateral purposes
  • Information regarding your financial savings as your assets
  • Information regarding all your current store cards and credit cards along with other liabilities, if any

Once you submit your application NAB will send you an email to let you know they've received it and you'll be contacted within two business days to let you know the outcome.

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18 Responses

  1. Default Gravatar
    October 15, 2016

    I have been an anz customer for 12 years. Had my first loan of $10000 3years ago which I paid off in 6 months. I got my first credit card 18 months ago for a limit of $6000 which for the last year has been maxed out but consistently making payments. The last 3 months have been making weekly payments and 6months before just monthly as I was always exceeding my limit. I asked for an increase limit, loan then overdraft and was declined. I applied with other banks at the time and was offered a $11,000 credit card from NAB and $12,000 credit card from Westpac. I decided not to accept either cos I couldn’t be bothered switching bank details. 9months later I opened up a bank account with NAB and applied for the credit card but only a $3000 limit. I have made several inquiries lately which I did not realise affected my credit rating. I have been approved for small loans with high interest rates and shorter payments. I am paying a total of $550 per week off these loans so asked anz for a debt consolidation loan 15k debt including credit cards and 10k personal. I have been declined because I don’t meet their lending criteria…. They let a computer decide their answer, treat me like another number and not a valuable customer. I am switching to NAB now but also been looking at the peer to peer lending as I am hoping I have a better chance. If I have had my NAB account for 6weeks and have my wages start this week, Do you think they will give me a loan?

    • Staff
      ElizabethOctober 19, 2016Staff

      Hi JJ,

      Thanks for your question.

      Unfortunately there’s no one surefire way to tell if you will be approved for a loan. As long as you meet the minimum eligibility criteria set by the lender you are eligible, but following this the lender will look at your credit history and financial situation (income, debts, etc.) to see if you will be able to service the loan. From what it sounds like you have several enquiries listed on your credit file which would have affected your credit score and will be a red flag to lenders.

      Peer-to-peer lenders give you a rate based on your credit score, so if your score is low you will get a higher interest rate.

      You might want to get a free credit score to see where you stand and then make your decision from there.

      Hope this helps,


  2. Default Gravatar
    RichardSeptember 20, 2016

    How do I go about applying for a loan if me to NAB

    • Staff
      ElizabethSeptember 20, 2016Staff

      Hi goomstar,

      You can head directly to NAB’s website to apply for the personal loan.



  3. Default Gravatar
    lindaSeptember 12, 2016

    I have an unsecured per loan and credit card ,I wanted tto consolidate plus add a bit , please advise

    • Staff
      ElizabethSeptember 13, 2016Staff

      Hi Linda,

      This is an unsecured personal loan so you can use it for whatever purpose you need, including debt consolidation. If you meet the minimum eligibility criteria and show that you can afford the loan you can apply on NAB’s website.



  4. Default Gravatar
    AdrianoJuly 11, 2016


    Can I reopen a personal loan once it’s been closed within 24 hours.

    • Staff
      ElizabethJuly 12, 2016Staff

      Hi Adrian,

      You’ll need to get in contact with your lender directly to enquiry about reopening your loan.

      Hope this helps,


  5. Default Gravatar
    JeffryJuly 7, 2016

    do you lend to the United States citizens living in the US

    • Staff
      ElizabethJuly 7, 2016Staff

      Hi Jeffry,

      As a financial comparison service we don’t offer the loans ourselves, but you can compare a range of personal loans for US residents on this page.

      I hope this helps,


  6. Default Gravatar
    JeremyAugust 12, 2015

    Hi There,

    I am considering getting a personal loan of around $30,000 as I am wanting to buy a new car and go on a holiday. My annual salary is roughly $27,000 and I have a nab credit card with $4,000 drawn is there any possibility of me attaining this loan or am I being unrealistic?

    • Staff
      ElizabethAugust 12, 2015Staff

      Hi Jeremy,

      Thanks for your question.

      NAB will look at your income and current liabilities (including your credit card) to determine whether you are eligible for the loan and if you can handle the repayments. This calculator might be useful for you, it helps you work out what kind of loan you would be able to afford. In terms of applying, NAB considers applications on a case by case basis so it is difficult to say whether you will be approved. You may want to get in touch with NAB and discuss your options.

      I hope this has helped.



  7. Default Gravatar
    CathyJuly 23, 2015


    For an unsecured, fixed personal loan of $35,000, what is the interest rate please? Is it 13.68%?

    • Staff
      BelindaJuly 24, 2015Staff

      Hi Cathy,

      Thanks for your enquiry.

      With the NAB Unsecured Personal loan, the current fixed interest rate for new customers is 13.68% p.a. but please note that interest rates are subject to change and may vary.

      For more information regarding interest rates for this loan, please contact NAB directly.


  8. Default Gravatar
    JamesFebruary 17, 2015

    We would like to debt consolidate with a personal loan of $36000 over 7 years with weekly repayments with NAB at an interest rate that is fixed for the term and is unsecured and also would like to take out protection cover with it as well???

    • Staff
      ShirleyFebruary 18, 2015Staff

      Hi James,

      Thanks for your question.

      You have the option of taking out MLC Personal LoanCover that covers for your outstanding loan balance if you die, up to a maximum of $80,000 cover for your loan repayments, up to a maximum monthly amount of $5,000, if you are disabled; and cover for your loan repayments (subject to a maximum monthly amount) for up to a maximum period of 4 months, if you are involuntarily unemployed.

      If you would like to discuss your eligibility or options, please get in touch with NAB directly by clicking on ‘go to site’.


  9. Default Gravatar
    RobAugust 2, 2014

    Hi my wife and I are considering a consolidation loan to the amount of around about $50,000 what would be the interest rate and weekly payments if we were approved.

    Kind regards


    • Staff
      ShirleyAugust 4, 2014Staff

      Hi Rob, is an online comparison service, we don’t actually write the loans so we can’t tell you what interest rate you could be approved for.

      Based on a 12.99% p.a. interest rate and a loan term of 5 years, you’d be looking at around $264 per week. This is an indication only.


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