NAB Personal Loans

Whether you’re buying a new car or boat, taking a holiday, buying something for the home or just consolidating debts, applying for a NAB personal loan can make it easier for you.

NAB Personal Loans also let you enjoy a rare personal loan feature: No early repayment penalty. Information accurate as of November 23rd 2008.

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Loan Amount / Term

Borrow from $5,000 up to $80,000 from 1 – 7 years.

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Choose either a fixed or variable interest rate.

A fixed rate gives you the security of always knowing how much your repayments will be in advance, or enjoy the competitiveness of a variable rate.

• 13.90% on Fixed Unsecured NAB Personal Loans
• 12.59% on Fixed Secured NAB Personal Loans
• A single $150 application fee applies to either.

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Repayment Frequency / Methods

Weekly, fortnightly or monthly repayments. Repay via a NAB Branch, Telephone, Periodical payments or Online Banking.
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Redraw Options

On your unsecured variable rate NAB Personal Loan you can access extra funds you’ve repaid.

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Optional insurance protection

• LoanCover
• NAB Travel Insurance
• NAB Car Insurance

Benefits of a NAB Personal Loan

A NAB personal loan can help you buy the things you need with personal loans that can be tailored to suit your needs. You have the freedom to borrow between $5,000 and $80,000, so you might use your loan to upgrade your car or remodel the kitchen or bathroom or perhaps consolidate more expensive debts over to an easier personal loan.

Flexible Loan Terms

You can select to repay your personal loan over a loan term that suits you. NAB personal loan terms are available from 1 – 7 years, but if you choose to repay your balance earlier, you’ll benefit by not being charged an early repayment penalty.

You’re also able to choose between a fixed or variable interest rate on your personal loan. This means you can have the security of always knowing how much your repayments will be in advance with a fixed rate, or you can enjoy the competitiveness of a variable rate.

Easy Repayment Options

Aside from these benefits, you can also nominate to have your repayments paid weekly, fortnightly or monthly to suit when you get paid. NAB have even made it as easy as possible to make your repayments, offering options that include paying via any NAB branch, making a payment via telephone banking, periodical payments or using online banking.

You don’t have to be an existing NAB customer to apply for a personal loan. You simply need to be over 18 and a permanent Australian resident.

Saving Money with a NAB Personal Loan

When you apply for a NAB Personal Loan, you have many options available to suit your own budget and needs. Personal loans are traditionally much cheaper than credit cards, so you know you’re not being charged exorbitant rates of interest on the amount you borrowed.

Your NAB Personal Loan repayments are calculated on a principal and interest basis, which means every payment you make pays a little in interest plus a little off your balance.

Compare this to a credit card that barely covers just the amount in interest you owe and it’s easy to see how a personal loan could help you stay in control of your finances. You’ll always know that every payment you make off your personal loan is reducing your debt levels automatically.

You may also wish to consider the below Personal Loan Options:

Personal Loan	Loan Details	Min Interest Rate (p.a.)	Min Comparison Rate (p.a.)	Min Loan Amount (p.a.)	Min Loan Terms	Apply Fee
Aussie Personal Loan	Aussie Personal Loans – A personal loan from Aussie can help you pay for any worthwhile purpose. It’s even a smart way to take control of your credit card debt.	From 14.49%	15.43%	$3,000	1 Yr	$199
GE Money Personal Loans including Debt Consolidation	GE Money Personal Loans including Debt Consolidation – Juggling multiple repayments from credit cards, store cards and personal loans can be a hassle. But there is a simple solution.	14.99%	16%	$3000	2 Yrs	$250
ANZ Personal Loans	ANZ Personal Loan - You can use an ANZ Personal Loan for almost anything including, consolidating debts into one regular repayment, home renovations or household goods, a car, holiday or a dream wedding.	13.42%	16.03%	$5000	1 Yr	$200

• Comparison of Top 10 Credit Card Offers

Editor's Choice: Our Top Credit Cards

Credit Card	Card Details	Interest Rate (p.a.)	Cash Advance Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Interest free days (up to)
HSBC Credit Card	Editor's Choice: 0% for 6 months Balance Transfer & No Annual Fee Featuring a $0 annual fee for life, and 0% p.a. balance transfer for 6 months, the HSBC Credit Card was voted the Best Transactor Credit Card for 2010.	16.99%	20.75%	0% for 6 months	$0	55
Suncorp Clear Options Standard Visa Card	A great 12 month balance transfer offer, combined with a low annual fee and a good interest rate on purchases.	12.24%	17.99%	1.9% for 12 months	$39	0