NAB review
Bank
Best suited for existing NAB customers after a secured fixed-rate car loan, or sole applicants wanting a fast unsecured bank-loan decision
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Advertised rates
Secured NAB Car Loan 6.74% - 13.54% p.a. fixed (existing NAB customers only); unsecured personal loans 7.50% - 22.00% p.a. fixed or variable; EV discount takes car rates to 5.99% - 12.79% p.a.
Comparison rate 8.29% - 15.03% secured car (EV car 7.55% - 14.29%) / 8.90% - 23.29% unsecured*
Approval speed
60-second decision on online unsecured applications; car-loan rate quote in about a minute; funds within one business day of accepting the offer
Credit-profile fit
Rate offer based on NAB banking history, application details and credit report. Secured car loans are limited to existing NAB customers; all products are sole-applicant only.
Pros & cons
Pros
- 60-second decision on online applications
- Secured car rates from 6.74% p.a., 5.99% p.a. with the EV discount
- Rate quote with no credit score impact
- No exit fees on any product
- Funds within one business day of accepting
Cons
- Secured car loan only for existing NAB customers
- Sole applicants only, no joint applications
- $15 monthly fee on all loans
- Unsecured rates reach 22.00% p.a. for weaker profiles
Key features
- Unsecured loans $5,000 - $55,000 over 1 - 7 years
- Secured car loans $10,000 - $100,000, fixed rate, no balloon
- 0.75% rate discount for EVs and plug-in hybrids
- Car-loan rate quote without impacting your credit score
- Redraw of extra repayments on variable unsecured loans
- No exit fees or early payout penalties on any product
Fees
- Unsecured: $250 application fee, $15 monthly fee, $0 exit and late payment fees
- Car loan: $350 establishment fee (waived when applying for the purpose of refinancing, limited time), $15 monthly service fee, $7 weekly late payment fee, $0 exit fee
Check the NAB product, not just the bank name
NAB's secured car loan and unsecured personal loan have different application requirements. Check the product behind the quote before comparing it with another lender.
Check both your eligibility and the car's age
NAB's secured car loan requires an existing personal NAB customer with Internet Banking, age 21 or over, regular income and an Australian residential address. Its published citizenship criteria include Australian and New Zealand citizens and Australian permanent residents. Used cars must be no more than 12 years old when applying and 15 at the end of the term, with other vehicle conditions also applying.
Extra repayments are not the same as redraw
The secured car loan has monthly direct-debit repayments and no redraw of extra funds. NAB's variable personal loan offers redraw, while its fixed personal loan does not. If accessing extra repayments matters to you, compare the specific product's rules rather than assuming every NAB loan works the same way.
Have the personal-loan application details ready
NAB asks personal-loan applicants for identification, three years of employment and address history, income before and after tax, assets, debts and living expenses. It also needs account details for funds and repayments. An initial response is followed by verification; receiving a quote or response is not the same as having an accepted loan contract and cleared funds.
Questions to bring to your finance comparison
- Does the car still meet the maximum vehicle age at the end of my chosen term?
- Will I need access to extra repayments, and does this particular product allow redraw?
- What verification remains, and when can the seller reasonably expect payment?
Related guides
Sources for these notes checked . Lender requirements can change; confirm the current conditions for your application.
Frequently asked questions
Who is NAB best suited to?
Based on our review, NAB is best suited for existing NAB customers after a secured fixed-rate car loan, or sole applicants wanting a fast unsecured bank-loan decision.
What are NAB's rates?
Secured NAB Car Loan 6.74% - 13.54% p.a. fixed (existing NAB customers only); unsecured personal loans 7.50% - 22.00% p.a. fixed or variable; EV discount takes car rates to 5.99% - 12.79% p.a.. Comparison rate: 8.29% - 15.03% secured car (EV car 7.55% - 14.29%) / 8.90% - 23.29% unsecured. Profile record dated 8 Sep 2026. Rates and fees are subject to change by the lender at any time.
What fees does NAB charge?
Unsecured: $250 application fee, $15 monthly fee, $0 exit and late payment fees. Car loan: $350 establishment fee (waived when applying for the purpose of refinancing, limited time), $15 monthly service fee, $7 weekly late payment fee, $0 exit fee.
How fast is NAB's approval?
60-second decision on online unsecured applications; car-loan rate quote in about a minute; funds within one business day of accepting the offer.
What credit profile does NAB accept?
Rate offer based on NAB banking history, application details and credit report. Secured car loans are limited to existing NAB customers; all products are sole-applicant only.
How do I apply through NAB?
Start a Loanseekers enquiry and we compare NAB against 70+ lenders for your situation. The initial check does not affect your credit score, and our specialists manage the application to settlement.
See if NAB suits your situation
One enquiry compares NAB against 70+ lenders for your exact position. No obligation, no impact on your credit score to enquire.
This is general information only, not personal advice; we have not considered your objectives, financial situation or needs. Loanseekers is a broker, not a lender, and may receive commission from lenders on our panel. This does not change what you pay. Approval is subject to lender criteria. See our Credit Guide.
Profile record dated 8 Sep 2026. Rates and fees are subject to change by the lender at any time.
*The comparison rate is based on the lender's published example and is true only for that example. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Lender source pages
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