NAB - Car Loan – loan
Car loan up to $55 000
Loan amount
$5,000 – $55,000
Interest from
12.69%
Term
1 – 7 months
Approval
24 hours
Applying does not commit you to a contract.
Properties of this loan
- Car loan up to $55 000
- Term 1 - 7 years
NAB (National Australia Bank) is one of Australia's "big four" banks, listed on the ASX and regulated by APRA. It is one of the largest business lenders in the country alongside its full retail banking range.
The NAB Car Loan is a secured, fixed-rate loan for buying a new or used vehicle. Because the car secures the loan, NAB can typically offer a lower rate than an unsecured personal loan of the same size, with fixed repayments for easy budgeting over the loan term.
Applications can be completed online with an indicative decision quickly, and pre-approval is available before you visit a dealer or seller.
✓ Pros
- Fixed repayments for the full term
- Lower typical rate than unsecured borrowing because the car is security
- Online application and fast indicative decision
- Pre-approval available before buying
✗ Cons
- Vehicle can be repossessed if repayments are missed
- Loan term should not outlast the car's useful life
- Early payout fees may apply on some fixed terms
How to apply
- Apply for your loan
- Wait for approval
- Wait for money
Loan requirements
- ✓ 18 years or older
- ✓ Australian citizen or permanent resident
- ✓ Regular income
- ✓ Vehicle details for security purposes (new, demo or used)
- ✓ Valid photo ID and proof of address
Frequently asked questions
24 hours
The minimum loan amount at NAB - Car Loan is $5,000.
About National Australia Bank Limited
| Company | National Australia Bank Limited |
|---|---|
| Address | 700 Bourke St, Docklands VIC 3008 |
| Website | https://www.nab.com.au |