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
Loanseekers is a broker, not a lender, and may receive commission from lenders on our panel. This does not change what you pay. See our Credit Guide.
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 7.80% - 14.50% secured car / 8.54% - 22.88% 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 (waived for applications started 5 May - 30 July 2026), $15 monthly fee, $0 exit and late payment fees
- Car loan: $350 establishment fee (waived under the EOFY offer current at review), $15 monthly service fee, $7 weekly late payment fee, $0 exit fee
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.. Rates and fees are current as at 30 July 2026 and are subject to change by the lender at any time.
What fees does NAB charge?
Unsecured: $250 application fee (waived for applications started 5 May - 30 July 2026), $15 monthly fee, $0 exit and late payment fees. Car loan: $350 establishment fee (waived under the EOFY offer current at review), $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.
Rates and fees current as at 30 July 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.
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