Put a time limit on your debt and take control today
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If you’ve got debt from credit cards, store cards or store loans that are no longer “interest free”, you can consolidate them into one simple loan repayment so you can carry on living.
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| 3 simple steps to breathing space |
Step 1. Gather your bills together, add up all your debts and see how much they’re costing you each month.
Step 2. Compare your total debts and monthly repayments to the estimated approximate monthly repayments you could be paying with a NAB Personal Loan below.
| NAB Personal Loan Ready Reckoner# |
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$5,000
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$10,000
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$15,000
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$20,000
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$25,000
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$30,000
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$95.78
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$186.85
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$280.27
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$373.70
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$467.12
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$560.54
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| 14.75% |
13.90% |
13.90% |
13.90% |
13.90% |
13.90% |
| 17.02%* |
17.02%* |
17.02%* |
14.77%^
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14.77%^
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14.77%^ |
This shows you an example of what you could achieve, of course the choice is yours – amount, rate and loan term.
Step 3. Enjoy the control. Apply for a NAB Personal Loan today!
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| With a NAB Personal Loan you can |
Consolidate repayments and cut hassle by reducing bills, replacing them with one easy, regular repayment. The choice is yours:
- borrow from $5,000 - $80,000
- choose a loan term from 1 to 7 years
- choose a fixed or variable
- make weekly, fortnightly or monthly repayments
- plus, increase your repayment amounts or make lump sum repayments at any time without penalty
If you’re ready to apply for a NAB Personal Loan now, apply online.
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Want to know more?
Just ask... |
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# This table shows an example of an unsecured NAB Personal Loan with a fixed interest rate and a monthly repayment schedule for seven years. In addition to the monthly repayment amounts, a standard application fee of $150 and a $10 monthly service fee are also applicable.
*Comparison rate calculated on loan amount of $10,000 over a term of 3 years based on monthly repayments.
^Comparison rate calculated on loan amount of $30,000 over a term of 5 years based on monthly repayments.
The NAB Personal Loan Ready Reckoner table is based on fees, charges and indicator rates for unsecured NAB Personal Loans, effective 29/12/2008 and is subject to change. Annual percentage rates are correct as at 29/12/2008. These repayment amounts are an approximation guide only, and if you select Loan Cover will vary accordingly. Terms and conditions are available on application. Fees and charges are payable. Normal lending criteria apply.
Warning
The comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
The NAB Personal Loan Ready Reckoner table is a basic loan repayment calculator, designed to help you make budget decisions prior to applying for a loan. Please note that the maximum term for personal loans is 7 years. The results provided by this calculator are an approximate guide only, and do not correspond to the operation of National Australia Bank's credit products. These calculators, or the results generated, do not constitute any agreement by NAB to provide credit. Information about NAB’s range of lending products (including fees and charges), and simulations relating specifically to these products, can be obtained by calling NAB on 13 13 12, or visiting your local branch.
A personal loan offers flexibility and control. But it’s important to remember, like any debt, you will have to repay it. If you are unsure as to whether you will be unable to manage repayments for a new personal loan, then you should not consider taking up a personal loan from NAB at this point in time.
NAB offers a range of personal loan products which may not be described here. For more information, please call 13 13 12.
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