NAB Unsecured Variable Rate Personal Loan

Apply for up to $55,000 for any worthwhile purpose.

NAB's Unsecured Variable Rate Personal Loan gives you a flexible way to finance a range of purposes, whether that be consolidating debt or renovating your home. You can borrow between $5,000 and $55,000 and have up to 7 years to repay what you borrow.

Product NameNAB Personal Loan Unsecured Variable Rate
Interest Rate (p.a.)From 12.69% (variable)
Comparison Rate (p.a.)13.56%
Interest Rate TypeVariable
Min Loan Amount$5,000
Max. Loan Amount$55,000
Loan SecurityUnsecured


  • Apply for up to $55,000
  • Repay the loan early without penalty
  • No security required


  • High interest rate
  • Application fee of $150
  • Monthly fee of $10

Main points to consider with the NAB Unsecured Variable Rate Personal Loan

This loan comes with a variable rate of 12.69% p.a. and loan terms of between 1 and 7 year(s). If you are interested in the loan but want a fixed interest rate, this option is also available.

As the loan is unsecured you aren't required to attach any guarantee to the loan. An application fee of $150 is charged with this loan, as is a $10 monthly service fee.

Features of the NAB Unsecured Variable Personal Loan

  • Loan amounts. You can apply for between $5,000 and $55,000 making the loan suitable for a range of borrowing needs.
  • Variable interest rate. This loan comes with a variable rate of 12.69% p.a. (comparison rate 13.56% p.a.).
  • Flexible repayments. You have the ability to make extra repayments when you can, or to completely pay off your loan early without incurring extra charges. You can also choose to make weekly, fortnightly or monthly repayments.
  • Choose your loan term. Depending on your budget, you can choose your own loan term from 1 year(s) to 7 year(s) A $150 application fee also applies.
  • $10 monthly fee. The NAB Unsecured Variable Personal Loan has a $10 monthly fee on top of your repayments.

How you can apply for the NAB Unsecured Variable Personal Loan

You can start your application by clicking "Go to Site". Before you start, make sure you meet the eligibility criteria below. You must:

  • Be at least 18 years of age
  • Earn a regular income
  • Be a permanent resident of Australia

When you apply for the loan, you will be asked to provide documents to NAB. You’ll need to provide the following:

  • Information regarding your employment and income. This includes recent payslips and/or bank statements, or the last two years of tax assessments if you're self-employed.
  • Details about your assets and debts. You have to supply information about any outstanding debts and loans you have, such as credit card debts, mortgages or personal loans. Information about assets such as vehicles, property or personal savings is also required.

The flexibility of the NAB Unsecured Variable Personal Loan makes it a viable option in the personal loan market, but make sure to shop around. Compare rates, fees and features to find the right personal loan for your needs.

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38 Responses

  1. Default Gravatar
    BlakeDecember 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?

    • Avatarfinder Customer Care
      JohnDecember 10, 2018Staff

      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!


  2. Default Gravatar
    JoanDecember 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.

    • Avatarfinder Customer Care
      RenchDecember 12, 2017Staff

      Hi Joan,

      Thanks for reaching out to us. Please note that we are not affiliated with NAB or any company we feature on our site and so we can only offer you general advice.

      If you are referring to NAB Unsecured Variable Rate Personal Loan, you may click on the ‘Go to site’ button to check their eligibility requirements and submit an online application.

      You can also have a look on this page to compare your options for 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.

      I hope this information helped.

      Best regards,

  3. Default Gravatar
    EdmondNovember 10, 2017

    How do apply for a 10,000 loan?

    • Default Gravatar
      JonathanNovember 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.

      Hope this helps.


  4. Default Gravatar
    CooperSeptember 9, 2017

    Applying for a personal loan with a bank I have previous and existing debt. Is it likely my application would be approved?

    • Default Gravatar
      LiezlSeptember 9, 2017

      Hi Scooper,

      Thanks for reaching out. 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’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 this page for the list of lenders who offer loan top-up and their conditions.


  5. Default Gravatar
    RickFebruary 26, 2017

    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?

    • Avatarfinder Customer Care
      LouFebruary 27, 2017Staff

      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.

      Please check this page for your possible options.


  6. Default Gravatar
    CarlJanuary 12, 2017

    I have an existing loan with nab and I want to refinance and take out a new loan do nab still except a carers pension as income only

    • Avatarfinder Customer Care
      LouJanuary 12, 2017Staff

      Hi Carl,

      Thanks for your question.

      NAB considers some Centrelink income but you need to demonstrate you can afford the loan repayments by providing your financial details. Please do get in touch with NAB to confirm if they accept carers pension.

      If you are looking to refinance your personal loan, you can check and compare your options here.


  7. Default Gravatar
    AnaOctober 6, 2016

    Can i refinance my loan ??

    • Avatarfinder Customer Care
      LouOctober 7, 2016Staff

      Hi Ana,

      Thanks for your question.

      If you are looking to refinance your personal loan, you can compare your options here.


  8. Default Gravatar
    AnaOctober 6, 2016

    I applied fir a fixed rate unsecured personal loan in April this yr n my repayment term is 2yrs..can I apply for another amount on top of my remaining amount now??

    • Avatarfinder Customer Care
      ElizabethOctober 7, 2016Staff

      Hi Ana,

      You may be able to apply for a loan top up but it would involve making an application for another loan with NAB, paying out your existing balance and then opening a new account. You’ll need to contact NAB directly to discuss your eligibility.

      Hope this helps,


    • Default Gravatar
      AnaOctober 7, 2016

      I have a loan with nab snd i have 3900 to pay off and i was wondering if i am eligible for a refinance

    • Avatarfinder Customer Care
      ElizabethOctober 7, 2016Staff

      Hi Ana,

      Your eligibility depends on a range of factors, including your income, debts, assets and credit history. The minimum eligibility criteria is listed on finder review pages so you can check if you’re able to apply. You can compare refinancing options here.



  9. Default Gravatar
    MeeeeApril 24, 2016

    Will I get the whole arm,punt. I ask for. being $& 10000

    • Avatarfinder Customer Care
      ElizabethApril 26, 2016Staff


      NAB will approve you for a loan amount that it determines you will be able to afford, so if you apply for $10,000 and NAB believes you won’t be able to afford the repayments then you won’t be approved for the loan.

      Hope this has helped,


  10. Default Gravatar
    peterMarch 17, 2016

    What would be fortnightly repayments on $20k variable personal loan to pay back over 7 years and then same over 5 years please?

    • Default Gravatar
      muhammadMarch 24, 2016

      Can I apply loan

    • Avatarfinder Customer Care
      ElizabethMarch 30, 2016Staff

      Hi Muhammad,

      If you’d like to apply for a loan you can click “Go to Site” to submit your application. Make sure you check the eligibility to ensure the loan is suitable before you apply.

      Hope this has helped,


    • Avatarfinder Customer Care
      ElizabethMarch 21, 2016Staff

      Hi Peter,

      You can work out your repayments on any loan term using our personal loan repayment calculator.

      I hope this will help.



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