NAB Personal Loan
National Australia Bank personal loans with no monthly fees and early repayment flexibility.
Last checked on June 11, 2026. We may earn a commission when you click through.
NAB Personal Loan
Updated 4 months agoAPR Range
7.5–12.99%
Amount
A$5k–A$55k
Term
12–84 months
Type
personal
You'll be redirected to nab.com.au
Our Verdict
The NAB Personal Loan offers flexibility with no monthly fees, making it a practical choice for various financial needs.
Best For
This loan is best for individuals looking to fund personal projects like renovations, travel, or debt consolidation without incurring extra charges.
Watch Out
Potential borrowers should consider their creditworthiness, as this loan targets those with a high credit tier.
Full Review
The NAB Personal Loan stands out in the crowded Australian personal loan market due to its lack of monthly fees and flexible repayment options. With both secured and unsecured options available, it caters to a wide range of financial needs, from buying a car to funding home renovations or holidays. One of the key advantages of this loan is the ability to make extra repayments without incurring fees, which can significantly reduce the total interest paid over the life of the loan.
However, it is important to note that the loan is primarily aimed at borrowers with a high credit rating. This may limit accessibility for those with average or poor credit scores, potentially making it less competitive compared to lenders that offer personal loans to a wider audience. Additionally, while the terms are generally favorable, prospective borrowers should shop around and compare interest rates and fees, as alternatives may offer lower rates for similar products.
Overall, the NAB Personal Loan is a solid option for those who meet the credit criteria and are looking for a straightforward personal loan solution.
Requirements
- Australian citizen or permanent resident
- 18 years or older
- Regular income
Similar options
APR
7.49%
Amount
A$5k–A$75k
Term
36–84mo
Best for: This loan is ideal for Australian residents looking for loans between $5,000 and $100,000 with competitive rates.
OurMoneyMarket Personal Loan
PersonalAPR
5.95–18.99%
Amount
A$5k–A$75k
Term
24–60mo
Best for: Individuals with a good credit rating seeking a personal loan to fund significant expenses like home renovations or debt consolidation.
NAB Secured Car Loan
AutoAPR
6.74–13.54%
Amount
A$10k–A$100k
Term
12–84mo
Best for: This loan is ideal for Australian residents needing substantial financing for cars, with quick approval times.
APR
7.0–12.0%
Amount
A$5k–A$150k
Term
12–60mo
Best for: Best for Australian residents looking to finance a new or used vehicle, especially Toyotas.
Plenti Personal Loan
PersonalAPR
6.17–24.09%
Amount
A$2k–A$75k
Term
12–84mo
Best for: This loan is best for individuals seeking an unsecured option to improve their credit score with fixed rates.
Westpac Car Loan
AutoAPR
6.49–12.99%
Amount
A$5k–A$100k
Term
12–84mo
Best for: This loan is best for Australian residents looking to finance a new or used vehicle with manageable repayments.