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NAB Car Loan - Variable Rate

With a NAB Unsecured Variable Rate Car Loan you can borrow from $5,000 to $55,000 for up to 7 years, and enjoy the flexibility of fee free extra repayments and a redraw facility to access these payments should you need them, early repayment of your NAB car loan also attracts no early exit fee.

With NAB's Unsecured Variable Car Loan you don't have to offer any security with the loan and you have up to 7 years to repay what you borrow. NAB welcomes applications for both new and used cars, though any used cars will need to be less than 7 years old at the time of application. If you are in the process of looking for your new car NAB will provide conditional approval of your car loan for up to 3 months to give you time to find your prefered vehicle with the confidence that you know your finance is sorted, which may also help when it comes to negotiating the price of the car with the dealer, or current owner.

  • Variable interest rate - Enables you to leverage favourable interest rate shifts.
  • Flexible repayments - Make extra repayments when you can, or to completely pay off your loan early without incurring extra charges.
  • Synch your repayments with how you get paid - You can also choose to make weekly, fortnightly or monthly repayments.
  • Choose your loan term - From 1 year to 7 years.
  • Redraw facility with $0 fees - Flexibility to redraw funds if you're ahead
  • Conditional approval - Still searching for the right car? Get upfront conditional approval for up to 3 months when you apply online. Having your loan sorted can help you negotiate a better deal on your car, and give you confidence that you can borrow what you need and afford your repayments.
  • Choice of car - New & Used cars accepted, used cars must be under 7 years old.
Standard Rates
Min. Current Rate 13.69% p.a.
Comparison Rate 14.59% p.a.
Loan Features and Terms
Product Details Borrow from $5,000 to $55,000 for up to 7 years, enjoy the flexibility of fee free extra repayments and a redraw facility, new or used cars up to 7 years old.
Min. Loan Amount $5,000
Max. Loan Amount $55,000
Min. Loan Term 1 years
Max. Loan Term 7 years
Repayment Options Weekly, Fortnightly or Monthly
Security No
Car Type New or used
Application Fee $150
Monthly Service Fee $10
Early Repayment Penalty $0
Missed Repayment Penalty $35
Document Release Fee $0

What happens when I click "Go to site"?

  • 1

    Clicking Go to site will direct you to the providers web site

  • 2

    Complete the online application on the providers web site

  • 3

    Once approved the provider will issue your new product, delivery times will vary by provider.