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Want to experience all student life has to offer without money worries holding you back?
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A Tertiary Student Package Deferred Repayment Loan lets you borrow what you need now so you can pay for fees, books, a computer or a car. The best part is, don't need to start repaying the loan until your studies are over.
This loan is available to full-time tertiary students at University, TAFE, Agricultural College or Registered Training Organisations.
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| Loan amount |
Borrow from $500 up to $20,000. |
Multiple access to funds
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You can withdraw a minimum of $500 at a time, with no fees. |
| Interest Rate |
Preferential variable interest rate. |
| Deferral period |
Repayments can be deferred for up to 5 years, until you start full-time employment or within three months of finishing your course, whichever is earlier. |
| Loan term |
At the expiry of your deferral period your loan term is 3 years. |
| Fees |
Nil - There is no application fee or monthly service fee on this loan. |
| Security required |
Depending on your circumstances, you may be required to provide a consumer guarantee. |
| Other student benefits |
Check out our student banking solutions. |
| More information? |
See our frequently asked questions |
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| How to apply? |
| You can apply online by completing a pre-application, or drop into any NAB branch. If you have any questions, please call us on 13 13 12 from 8am to 9pm EST, 7 days a week. Hearing impaired customers with telephone typewriters can contact us on 13 36 77 from 8am to 8pm EST, Monday to Friday. When you apply, you'll need:
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Terms and Conditions available on application. Fees and charges are payable. Normal lending criteria apply.
Repayments begin three months after you complete your full-time study. Interest accrues from the date of drawdown.
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