What you need to know about NAB Personal Loans

Sometimes loans can be the best alternative to life’s constant surprises. But that does not mean it is easy to choose the one that fits your situation. So we need to research and compare them to prevent something that should help from becoming a problem. Therefore, to help you with this task, we have gathered everything you need to know about NAB Personal Loans.

First of all, you should know that the National Australia Bank was recognized as the Best Unsecured Personal Lender in 2020. While this verdict from the RFi Group’s Australian Lending Awards makes all feel safer, the NAB loans have other interesting benefits.

Flexibility, for example, is a big draw for this personal loan. With NAB you have a period of one to seven years for your loan term, and you can borrow from $5,000 up to $55,000. So no matter why you need the loan, your needs will certainly be met by NAB’s services. And when it comes to payment, you can also choose whether you want to do weekly, fortnightly, or monthly repayments.

NAB Personal Loans Features and Rates

Besides all that, the NAB Personal Loans also offers tailored pricing and quick online acceptance through their internet banking. And for existing customers that are approved in-store on a weekday, there is also the chance of same-day funds. They have all planned out to make this a simple and quick experience for you, so you can start reaching for your goals as soon as possible.

When it comes to rates and fees, the NAB has everything laid out for you, so there are no misunderstandings in the future. Their headline rate for a personal loan is 12.69% a year, and their comparison rate is 13.56% a year. And you can still choose between a variable or a fixed rate.

Furthermore, their application fee is $150, and there is also a monthly fee of $10. But if you manage to pay off your loan sooner than expected, there is no exit fee to surprise you.

In case you have any doubts about their rates, the institutional website has a thorough explanation and some tips to help you manage your loan. As well as a loan calculator and tools to help you with your budget and repayments. So whether you need a loan for a new car, a home renovation, or a family vacation, check out NAB Personal Loans.

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