NAB Unsecured Personal Loan
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- Interest Rate (p.a.)
- 7.00% to 21.00%
- Comparison rate (p.a.)
- 8.05% to 21.88%
- Min Loan Amount
- $5,000
Summary
A personal unsecured loan from NAB comes with fixed interest rates.
3 things to consider about this loan:
- Fixed rate loan. no need to worry about rising interest rates
- You can borrow for any worthwhile purpose, without using the goods as security
- There is no fee if you pay out the loan early.
Pros
-
No need to provide collateral
-
Competitive comparison rate
Cons
-
The interest rate is calculated on your personal financial situation. If your credit history is poorer than average, or your financial risk is deemed to be greater than average, your interest rate will be higher.
Details
Product details
| Product Name | NAB Personal Loan Unsecured Fixed |
| Interest Rate (p.a.) | 7.00% to 21.00% |
| Comparison rate (p.a.) | 8.05% to 21.88% |
| Interest Rate Type | Fixed |
| Min Loan Amount | $5,000 |
| Max. Loan Amount | $55,000 |
| Loan Security | Unsecured |
How does the NAB personal unsecured fixed loan work?
The NAB unsecured fixed rate personal loan allows you to borrow for a myriad of items such as cars, home appliances, weddings, renovations, debt consolidation and much more. You do not need any collateral for the loan.The interest rate is fixed and is calculated based on your personal financial situation and there are no fees for early payout or late payments.
What can the loan be used for?
The NAB unsecured loan can help with the things you want to buy today. You can purchase a car, consolidate debt, travel, renovate, buy personal items and more. You cannot use the loan as a house deposit, for illegal activities, business purposes, or lender’s mortgage insurance.How to apply
There are three simple steps.- Submit your application online. You will get conditional approval in under 60 seconds.
- Information will be verified by NAB and further information may be requested.
- If your loan is approved you will receive an offer from NAB and the money will be transferred to your NAB account on the day that you accept NAB's offer.
You will need
- Your personal NAB ID - if you have one. This is located in your NAB app through My Details or on the back of your NAB card.
- Driver's licence number - (if you have a driver’s licence)
- Details of employment for the past three years
- Your financial information which includes assets, debts, income and expenses
The information to support your financial information can be uploaded when you fill in the application. If you can’t upload the docs, NAB will advise you by email on other ways to provide them the documents they need.
Features of this loan
- $0 application fee offer. From 19 November 2025 to 26 February 2026, NAB is waiving the $250 application fee on unsecured personal loans. This offer is subject to credit approval and eligibility criteria.
- Risk-based interest rates. Your interest rate will be determined by your credit score and risk profile, so may not be the rate advertised.
- Unsecured loan. You do not need collateral for this loan.
- Speedy application process. You can receive an initial confirmation in under a minute Once your loan has full approval the funds will be transferred to your NAB account the same day.
- Flexible payment schedule. Payments can be made weekly, fortnightly or monthly.
- Ability to repay early. There is no exit fee payable if you pay of your NAB personal loan early.
How much does a NAB unsecured fixed personal loan cost?
You will pay these fees
| Cost | Amount |
|---|---|
| Establishment fee | $0 |
| Ongoing fees | $15 per month |
You might pay these fees
| Cost | Amount |
|---|---|
| Exit fee | $0 |
| Late payment fee | $0 |
| Paper statement fees | $0 |
| Dishonour fee | $0 |
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