NAB Car Loan
- Car loans up to $55,000
- Low-interest starting from 2.30%
- Repayment up to 7 years
Table of Contents
[Accessed May 24, 2023]
About NAB Car Loan
National Australia Bank (NAB) can offer you many different products from personal savings plans to home loans or vehicle finance all under one roof.
They are there to help you build your financial portfolio with investment products, personal loans whether for housing, a car, or an overseas trip – whatever you need, NAB is bound to be able to structure a personal package for you.
NAB: Leading financial institution in Australia and beyond
NAB is a renowned financial institution that has been serving the financial needs of customers in Australia, New Zealand, and globally since 1858. With a strong commitment to customer satisfaction and a diverse range of banking products and services, NAB has established itself as one of the largest banks in Australia.
Wide range of banking products and services
NAB offers a comprehensive suite of banking products and services to cater to the diverse needs of its customers. For personal banking, they provide a variety of options including bank accounts, credit cards, personal loans, home loans, online banking, superannuation, investments, insurance, and international banking services. NAB car loan rates are, as can be expected from such a large bank, some of the most competitive on the market.
They also offer specialised banking solutions for businesses such as business bank accounts, loans, credit cards, payment solutions, online banking for businesses, industry-specific banking services, and international banking support.
Commitment to sustainability and ESG initiatives
NAB is dedicated to sustainability and actively engages in environmental, social, and governance (ESG) initiatives. They prioritise climate action, affordable and specialist housing, and support for indigenous businesses. NAB's sustainable practices demonstrate its commitment to creating a positive impact on society and the environment.
Strong corporate governance and customer security
NAB upholds robust corporate governance practices and prioritises customer security. They provide secure online banking options, including NAB Connect, nabtrade for investment services, and NAB internet banking for personal and business customers. NAB's commitment to customer security ensures a safe and reliable banking experience.
NAB's longstanding history, a wide range of banking products and services, commitment to sustainability, strong corporate governance practices, customer-centric approach, and continuous innovation make it a leading financial institution in Australia and beyond.
Customer support
Not only does NAB offer monetary services, but they are also very involved in customer support - being there to provide help and assistance when a customer is unable to keep up with loan repayments, for example. A special deal can be structured for them to help them get over this crisis.
With an extensive network of branches, ATMs, and digital platforms, NAB aims to provide convenient and accessible banking services to its customers. They prioritize customer support and offer multiple channels for assistance, including online resources, virtual assistants, and dedicated customer support teams. NAB's customer-centric approach ensures that customers receive the necessary support and guidance throughout their banking journey.
Corporate responsibility
Being a big business player, it is important for this bank to also contribute to social projects and events and to assist their customers as much as possible.
One way this is achieved is by providing surveys and questionnaires to find out areas in which they can improve their services. The bank contributes to a programme called Mindtribes – helping people in managing cross-cultural relationships and coaching new skills.
NAB Car Loan Services
NAB offers two types of loans, each with different interest rates:
- Home loans
- Personal loans which can be a loan for an overseas trip, a university course, or even to renovate or redecorate your home
The award-winning personal loan offers a variable interest rate or a fixed interest rate which can be easily explained at the enquiries counter. Obviously the greater the loan, the greater the interest.
Personal loan/vehicle finance
A personal loan can be used to buy a used or brand new car. This is an expensive undertaking but it can be structured to suit what is personally required.
The loan can be paid off in lump sums. Payment dates can be organised to suit weekly or fortnightly salary dates, and the loan can be paid off early without any fees being charged.
A vehicle finance loan can be any amount from $1,000 to $55 000, and the flexible repayment time can be stretched up to 7 years if required.
Westpac car loans: Versatile financing for your new car
NAB car loan rates are amongst the most competitive on the market
If you're currently searching for financing to purchase a new car, Westpac's car loan presents a convenient and adaptable solution. Boasting competitive interest rates and a range of advantages, this loan can help you realise your dream of owning a car (or finally getting your dream one) more quickly.
One notable benefit of is the NAB car loan rates. NAB, a prominent Australian bank, offers various car loan options featuring competitive rates and flexible terms. By assessing NAB car loan rates, you can ensure that you secure the most advantageous deal for your vehicle purchase. In fact, comparing before you apply is crucial.
NAB car loan rates from just 6.99% per annum
With customized rates ranging from 6.99% p.a. to 19.99% p.a. (comparison rate 7.91% p.a. to 20.83% p.a.), you can discover a loan that aligns with your financial goals and budget. Furthermore, the option to access additional funds provides flexibility for car repairs or upgrades.
Whether you intend to buy a new or used car, Westpac's car loan accommodates your financing needs with loan amounts up to $55,000. The loan terms span from one to seven years, and you have the choice of making weekly, fortnightly, or monthly repayments.
In contrast to secured car loans, Westpac's car loan is unsecured, eliminating the requirement of providing your car as collateral. This feature grants peace of mind, ensuring that your vehicle won't be at risk if you face financial hardships.
Westpac's car loan delivers flexibility, competitive rates, and peace of mind
Westpac's car loan offers flexible financing options for your next vehicle purchase. By comparing NAB car loan rates with those offered by other prominent lenders, you can secure a competitive deal that suits your needs. With no penalties, personalised rates, and the option to access additional funds, this car loan ensures convenience and peace of mind throughout your car-buying journey.
NAB Car Loan – Car loan
- Loan Type Car loans
- Interest Rate from 2.30%
- Loan Amount up to $55,000
- Repayment 12 months to 7 years
Benefits of NAB Car Loan
- Low interest rates start at 2.30%
- Get vehicle finance up to $55,000
- Repayment terms are up to 7 years
Car loan calculator
Take advantage of low NAB car loan rates and make your car ownership dreams a reality
You can go into a branch and apply with the assistance of an experienced agent.
Existing customers may get approval if they bring the forms in by 2 pm on the same day, or within 2 hours. Documents can also be submitted online after the completion of an online loan application.
Loan approval
NAB gives conditional approval for a car loan for up to 3 months. This saves time and money and makes the process easier for the customer.
This is what is needed in the branch when applying for a vehicle finance loan:
- Husband, wife or partner if the loan is to be shared
- The most recent pay slip confirming the salary that is being earned
- Authentic Financial Statements & Income Tax Return for those who work alone
- For debt consolidation, store or credit card accounts will be needed
- Identification
A vehicle finance loan is for people who have Australian citizenship or residence and who are eighteen or older. A weekly or monthly income is needed, and the repayments have to be affordable. Having a good credit rating is also required.
Visit their website for tips on how to save money and how to calculate your loan repayments. There is also a section on how to budget and some blogs giving saving tips and other useful information.
The rewards benefits
When you get your Nab app you'll see that there is a part that is called rewards where you can be rewarded if you're a good saver. There's no monthly cost for this account nor are there any monthly costs. The only thing you have to do is download the app to your phone and start earning rewards.
The bonus benefits are that you get a higher interest rate if you are good at saving your cash. There is a quick withdraw so you can withdraw your cash when you need it. There will be bonus interest so that your rates will increase.
If you just use your account as normal your interest rate will be 0.5 % where if you deposit cash into your account and do not use it and choose to save you'll be adding on an amount of 1.80% basically all the money that is left in your account will be times by the 2.30% to give you the extra amount which will be added to your savings.
Convenient process for obtaining a NAB car loan
Realise your aspiration of car ownership with affordable NAB can loan rates
Applying for a NAB car loan is a convenient process that enables you to realise your aspiration of owning a car. NAB presents an appealing financing alternative for individuals seeking to purchase a vehicle, thanks to competitive NAB car loan rates.
To initiate the application process, you have the option to either visit NAB's website or seek personalised assistance from their dedicated customer support teams. They provide a user-friendly online platform where you can furnish the necessary details, including personal information, income, and the desired loan amount.
The application process is designed for efficiency, and NAB endeavours to furnish a prompt response to your car loan application, ensuring that you can progress with your car purchase without unnecessary delays.
When applying for a NAB car loan, it is crucial to take into account the various factors that can influence your terms and the NAB car loan rate you end up with. Elements such as your credit history, income, and loan amount have the greatest impact. It is advisable to gather all the requisite documentation prior to applying, including proof of income, identification, and any supporting documents.
NAB have your best interest at heart
If you have any questions that you would like answered you can visit an NAB branch which you can find in the branch locator or you can contact them and one of their dedicated brokers will chat to you about your queries.
NAB Car Loan is a trusted & reliable provider of car loans
In our review, NAB Car Loan adheres to the compliance criteria in accordance with the National Consumer Protection Act, where the granting the loan will not cause financial distress to the consumer.
✅ NAB Car Loan is a registered credit provider in Australia: ACL 230686
Customer Reviews & Testimonials
NAB Car Loan Contact
Physical Address
- 17 Gouger St Adelaide Adelaide SA 5000 Australia
- Get Directions
Opening Hours
- Monday 09:30 – 16:00
- Tuesday 09:30 – 16:00
- Wednesday 09:30 – 16:00
- Thursday 09:30 – 16:00
- Friday 09:30 – 16:00
- Saturday – Closed
- Sunday – Closed