National Australia Bank

NAB's home loans include the NAB Tailored Home Loan, with either a variable rate that can link up to 10 offset accounts or a fixed rate for 1 to 5 years, and the NAB Base Variable Rate Home Loan, a basic variable loan with no monthly or annual servicing fees. The Tailored Home Loan has no application fee and a $12 monthly service fee, and on the fixed rate you can pay ahead up to $20,000 during the fixed term without fees. Both loans are available to owner occupiers and investors, and NAB also has a Defence Force home loan range for eligible Australian Defence Force members.

For personal lending, NAB offers variable and fixed rate unsecured personal loans from $5,000 to $55,000 over 1 to 7 years, with a $250 application fee and a $15 monthly fee. The NAB Car Loan is a secured, fixed rate loan for new or used cars from $10,000 to $100,000 over 1 to 7 years, with a $350 establishment fee that is waived for refinancing. NAB provides the credit for the car loan and has partnered with the fintech lender Plenti to deliver it.

Business lending includes the NAB QuickBiz Loan, an unsecured, fixed rate loan of $5,000 to $250,000 over 12 to 60 months with no upfront or ongoing fees, and the NAB Business Options Loan, which starts from $20,000, can be secured or unsecured and runs for up to 30 years. NAB's vehicle and equipment loan, also known as a chattel mortgage, starts from $20,000 with no deposit on approved loans, no monthly fees and a $600 set-up fee, and uses the vehicle or equipment as security. NAB also offers finance leases for business vehicles and equipment.

NAB's home loans are for owner occupiers and investors, and the NAB Base Variable Rate Home Loan lets owner occupiers making principal and interest repayments borrow up to 95% of the property's value. NAB supports the Australian Government 5% Deposit Scheme, which can help first home buyers buy with as little as 5% and no Lenders Mortgage Insurance.

To apply online for a personal loan you must be 18 or older, apply as a sole applicant, receive a regular income and be an Australian resident for tax purposes, an Australian or New Zealand citizen, an Australian permanent resident or a non-resident holding an acceptable temporary residency visa. The NAB Car Loan is only for existing NAB customers registered for Internet Banking who are 21 or older, are Australian or New Zealand citizens or Australian permanent residents, live in Australia and receive a regular income. Used cars must be no more than 12 years old at application.

For the NAB QuickBiz Loan, the business must be registered for GST, turn over at least $75,000 a year and have operated under its current ABN or ACN for more than 12 months, and the applicant must be at least 18 and a permanent resident of Australia. The NAB Business Options Loan suits sole traders, partnerships, trusts and registered companies. Vehicle and equipment finance needs a valid ABN, GST registration and an asset used mostly for business purposes.

NAB home loans are arranged with a home loan expert: you can schedule a chat online, call, book an appointment at a branch, ask for a call back or have a NAB Mobile Banker meet you at a time and place that works for you. Mobile Bankers can offer conditional approval on the spot. NAB also takes home loan applications through mortgage brokers.

Unsecured personal loans can be applied for online, with a decision in 60 seconds, and funds could reach your account the same day once you accept the offer. A NAB Car Loan quote starts in NAB Internet Banking or the NAB app, and Plenti's loan specialists answer car loan questions by phone. Businesses can apply online for a QuickBiz Loan in under 15 minutes and receive an instant decision, while the Business Options Loan is arranged by phone or in person with a NAB business banker, and vehicle and equipment finance starts with an online enquiry.

NAB was formed on 1 October 1981, when the National Bank of Australasia (established 1858) merged with the Commercial Banking Company of Sydney (established 1834). The NAB Group includes NAB, UBank and Bank of New Zealand, and in 2022 NAB acquired Citigroup's consumer business in Australia. It has more than 38,000 colleagues supporting more than eight and a half million customers.

Its lending is provided by National Australia Bank Limited (ABN 12 004 044 937), which holds AFSL and Australian Credit Licence 230686. NAB's registered office is at 395 Bourke Street, Melbourne.