NAB Secured Car Loan
NAB provides secured car loans ranging from $10,000 to $100,000 with fixed rates between 6.74% to 13.54% p.a. and terms of 1 to 7 years.
Last checked on July 23, 2026. We may earn a commission when you click through.
NAB's secured car loan offers flexibility and competitive rates for borrowers looking to finance a vehicle.
NAB Secured Car Loan
Updated 14 days agoAPR Range
6.74–13.54%
Amount
A$10k–A$100k
Term
12–84 months
Type
car_finance
You'll be redirected to nab.com.au
Our Verdict
NAB's secured car loan offers flexibility and competitive rates for borrowers looking to finance a vehicle.
Best For
This loan is ideal for Australian residents needing substantial financing for cars, with quick approval times.
Watch Out
Be aware of the higher end of the interest rates, which may apply based on creditworthiness.
Pros
- Flexible loan amounts from $10,000 to $100,000
- quick approval for quick access to funds
- Fixed interest rates provide repayment certainty
Cons
- Higher rates can reach up to 13.54% p.a.
- Requires vehicle as collateral
- Direct debit repayments may limit payment flexibility
Full Review
Securing a car loan through NAB can be an appealing option for many borrowers. With amounts ranging from $10,000 to $100,000, customers have significant flexibility in financing their vehicles. The fixed rates start at 6.74% p.a., allowing for predictable repayments over terms of 1 to 7 years.
The quick approval feature is a major advantage, with funds available within one business day after agreement. This quick turnaround is beneficial for those who need to make a purchase promptly. However, potential borrowers should note that the maximum interest rate can reach 13.54% p.a., making it less favourable for those with lower credit scores.
NAB requires direct debit repayments and the vehicle to be used as security. This means that if you miss payments, your car could be at risk. It's essential to maintain good financial health to avoid such pitfalls. Compared to other lenders like ANZ and Westpac, NAB offers competitive rates but may not be the best option for those looking for the lowest possible interest.
Overall, while NAB's secured car loan provides a solid choice for many, it's crucial to evaluate your financial situation before committing to ensure you qualify for the lower rate and can manage the repayments comfortably.
Who Is This For?
This loan is suitable for Australian residents looking for substantial car finance with quick approval.
What Borrowers Say
Borrowers appreciate the quick approval process but express concerns about interest rates and repayment terms.
Summary
NAB's Secured Car Loan offers a practical financing solution for vehicle purchases, but prospective borrowers should assess their financial health before applying.
About This Loan
Requirements
- Australian sole borrower
- Direct debit repayments
- Vehicle used as security
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