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3 things to consider about this loan:
From 6.99% (variable)
Interest Rate (p.a.)
7.91%
Comparison Rate (p.a.)
$5,000
Min Loan Amount
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Product Name | NAB Personal Loan Unsecured Variable Rate |
---|---|
Interest Rate (p.a.) | From 6.99% (variable) |
Comparison Rate (p.a.) | 7.91% |
Interest Rate Type | Variable |
Min Loan Amount | $5,000 |
Max. Loan Amount | $55,000 |
Loan Security | Unsecured |
This personal loan comes with a variable rate starting from 6.99% p.a., with loan terms from 1 to 7 years. NAB also offers a fixed rate option. No security or guarantee is required for the loan. The interest rates are personalised based on a number of factors, including your credit history. You can expect a rate at the lower end of the range if you have excellent credit history. If your credit history is average or short, you’ll receive a range of around 12.69% p.a. or higher.
The costs associated with this loan include the following:
No other fees are charged for this loan. Your comparison rate can range from 7.91% p.a. to 19.83% p.a.
Pros.
Cons.
To apply for this loan, you need to meet the following criteria:
You can apply for the loan online, through NAB’s website. You will need to provide your driver’s licence number, employment details for the past 3 years, your financial information, including income, assets, debts and expenses, and your personal NAB ID if you have one. You’ll receive a decision within 60 seconds, and if you’re conditionally approved, your indicative interest rate and repayment amount.
December 5, 2018
I currently have a loan with nab which is my bank and have realised that there is other banks that offer lower rates and lower interest but is it possible to re finance through another bank?
December 10, 2018
Hi Blake,
Thank you for reaching out to finder.
Yes, it is possible that you could move your current existing loan to another bank. But it is advisable that you advise your current lender regarding this to ensure that they are knowledgeable regarding your intention to transfer loan providers. Hope this helps!
Cheers,
Reggie
December 11, 2017
i want to clear up all outstanding debts including credit card.
I have a very good friend who has offered to help me in getting this loan should I be in need of his help. I am a NAB customer so they have all my details. So I would like to try for $10,000 to clear all these up and go and see my son and his family for christmas.
December 12, 2017
Hi Joan,
Thanks for reaching out to us.
According to our review, there are some definite advantages to applying with your current bank as it may be more willing to approve you because it has an existing relationship with you and can see all your incomings and outgoings. Then again, it may not be able to offer you the best deal. You may want to compare your options before you apply to see how competitive its products are. Then, talk to your bank before applying to discuss your eligibility.
You can also have a look at our list of personal loans for debt consolidation. Debt consolidation allows you to combine all your loans into one. Essentially, it can give you a way to reduce your interest rates and fees, thereby giving you a way to get yourself out of debt. On the page, is a comparison table you can use to see which lender suits you. Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.
I hope this information helped.
Best regards,
Rench
November 10, 2017
How do apply for a 10,000 loan?
November 10, 2017
Hi Edmond,
Thank you for your inquiry.
There are options on this page for 10,000 loans.
Take note that their eligibility and loan agreement may vary across different lenders, so it is important to review them before applying. When you are ready, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.
Hope this helps.
Cheers,
Jonathan
September 9, 2017
Applying for a personal loan with a bank I have previous and existing debt. Is it likely my application would be approved?
September 9, 2017
Hi Scooper,
Thanks for reaching out to Finder.
Your chances of getting a new loan will depend on the bank’s policy, your current loan restrictions, and your ability to afford the new loan repayments. It’s a good idea to review your existing loan agreement and contact your bank for more details on your eligibility. Meanwhile, you may want to check our list of lenders who offer loan top-up and their conditions.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.
Cheers,
Liezl
February 26, 2017
Hi.
My wife and i are looking for a consolidation loan.
We currently have about 25k in debt and not having much luck.
We earn around 7k between us a month so we can afford repayments of up to 1k p/m.
The issue arises when our credit reports are looked at.
They aren’t the best. Nothing bad, just a lot of enquiries
and knock backs.
Would we find it hard?
Thanks.
February 27, 2017
Hi Rick,
Thanks for your question.
Even if you have a low credit rating, you may still be able to get a debt consolidation loan. Open that link to find lenders who may be able to help and our guide that helps you understand better how debt consolidation works.
Cheers,
Anndy