We’ll let you know if you’ve been conditionally approved instantly. We’ll also give you your indicative interest rate and repayment amount.
If your loan is conditionally approved, we’ll review and verify the information you’ve provided. If needed, we’ll contact you for further information.
Once we’ve verified your information, we’ll give you the loan documentation setting out your interest rate and other important information.
Keep in mind that the rate shown in the loan documentation is subject to change and may be different on the day of settlement.
If your loan isn’t approved, you’ll be notified by SMS and email.
To receive your funds, we’ll transfer the money into your most frequently used NAB account on the day you accept the offer. If you’re not currently a NAB customer, we’ll contact you to organise the transfer.
Apply online and get an instant response.
For tips on how to complete the online personal loan application, read our help guide.
If you’re unable to apply for an unsecured personal loan online, you can visit a branch and have a banker assist you.
To apply for an unsecured personal loan, you must be:
18 years or olderapplying as a sole applicant. You’ll have all the repayment obligations, even if someone else will be receiving a substantial benefit from the loan
receiving a regular income an Australian resident for tax purposesan Australian or New Zealand citizen, an Australian Permanent Resident or have an acceptable Temporary Residency Visa.
The following Visa categories are not acceptable:
Visitor Visa (exception, a Special Category Visa - NZ Citizen is acceptable), Working Holiday, Student, Exchange/gap year, Transit/short stay/seasonal and Bridging.
Use our borrowing power calculator to work out how much you can afford to borrow, and what your repayments will be based on your income and lifestyle.
It’s important to us that you’re able to comfortably make repayments.
Check that you have the following things with you when you do your application.
You can find your NAB ID on the back of your NAB card or in your NAB app under My Details.
To resume your application, make sure you have your NAB ID and mobile phone with you.
We may ask to verify your income. You may not be required to provide any documents as part of the application process. NAB will only ask you for documents if we can’t verify your information.
If you prefer to visit a NAB branch to verify your identify, make sure you have the right combination of acceptable documentation.
You may be asked to provide recent financial documents (such as payslips or bank statements) when applying. Learn what documents we need to verify your income. You can speed up your application by having these ready.
The information you need to provide us may be different depending if you’re a new or existing customer.
Driver's licence number (if you have one). Employment details for the past three years. Your income before and after tax. What assets you own, including cars and homes. What debts you owe, including personal loans, home loans, credit cards or buy now, pay later loans.Your general living expenses including food and groceries, recreation, education and dependents, rent, medical and health, insurance, vehicle and transport.
We look at your creditworthiness and take steps to ensure you’re not given a product that isn’t right for you, and an amount you can’t afford to repay.
We may review information from:
Before you apply, consider the following tips to help boost your creditworthiness:
If you’re applying for a personal loan or have just finished your application, we have helpful guides to take you through your next steps.
Using NAB Internet Banking and the NAB app is a secure and convenient way to stay on top of your personal loan.
Before you apply, see what you can afford to borrow and repay with our helpful calculators for an unsecured personal loan.
Calculate what your repayments could be with a NAB Personal Loan.
Estimate what you can afford to borrow and how much the repayments will be.
Understand how your repayments could change by consolidating your debts.
We have guides and other resources to help you apply for a new personal loan or manage your existing one.
Use our help guides, FAQs and other support services to help you manage your banking more easily.
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Consider the NAB Internet Banking Terms and Conditions which apply when using NAB Internet Banking.
NAB acknowledges the Traditional Owners of the land as Australia’s First Peoples and recognises their continuing connection to lands, water and country. We pay our respects to Elders past and present.
Any advice on our website has been prepared without considering your objectives, financial situation or needs. Before acting on any advice, consider whether it is appropriate for your circumstances and view the Product Disclosure Statement or Terms and Conditions available online or by contacting us. Credit applications are subject to credit assessment criteria. Interest rates, fees and charges are subject to change. Target Market Determinations for our products are available at nab.com.au/TMD. Products issued by NAB unless stated otherwise.
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