NAB (loans): verified facts and rating
Licensed since: 1981 Checked 2026-10-30
Score breakdown
88% backed by facts · How we rank
NAB (loans) against the market
The dot is the company, the line is the median of all companies in this ranking.
Published rate, % of country reference81%158%81% · median 100%
Support hours a week60 h87 h73 h · median 69 h
Maximum amount, % of country reference95%133%105% · median 100%
Longest term84 mo120 mo84 mo · median 84 mo
NAB (loans) strengths and weaknesses
Pros
- Long licence history
- Licence confirmed by the official list or a stated licence number
- Publishes how to complain
- Terms state that early repayment is free
Cons
- An arrangement fee can apply
All facts
| Fact | Value | Source | Checked |
|---|---|---|---|
| Licensed since | 1981 We became NAB when the National Bank of Australasia (est. 1858) merged with the Commercial Banking Company of Sydney (est. 1834) on October 1, 1981. | nab.com.au | 2026-10-30 |
| Licensed by the regulator | Yes National Australia Bank Limited (AFSL and Australian Credit Licence 230686 per nab.com.au) | apra.gov.au | 2026-10-30 |
| Published rate, % of country reference | 81% Fixed unsecured: interest rate from 7.50% p.a to 22.00% p.a.; comparison rate from 8.54% p.a to 22.88% p.a.; loan amount and term of the comparison example not stated on the page read · APR 8.54% · index 100 = 10.53% (median at launch) | nab.com.au | 2026-10-30 |
| Free early repayment | Yes No penalties, exit fees or surprise charges. $0 exit fee | nab.com.au | 2026-10-30 |
| No arrangement fee | No We're waiving the $250 application fee on unsecured personal loans; valid for applications started from 8 October 2026 to 3 December 2026 | nab.com.au | 2026-10-30 |
| Fees or terms published | Not verified | — | |
| Complaints procedure | Yes How to lodge a complaint or provide feedback; call 13 22 65; escalate to AFCA | nab.com.au | 2026-10-30 |
| Online application for new customers | Yes Are you a new or existing customer? If you're a new customer, you'll need to provide the following; Apply online | nab.com.au | 2026-10-30 |
| Support hours a week | 73 h Call us National: Monday to Friday, 8:00am to 7:00pm; Saturday to Sunday, 9:00am to 6:00pm. 13 22 65 | nab.com.au | 2026-10-30 |
| Maximum amount, % of country reference | 105% Borrow from $5,000 to $55,000. · max 55000 AUD · index 100 = 52500 AUD (median at launch) | nab.com.au | 2026-10-30 |
| Longest term | 84 mo Choose a loan term from one to seven years | nab.com.au | 2026-10-30 |