Austvina Finance
Mortgage and Finance Brokers
Personal Loan
What is a personal loan?
A personal loan is a financial product in which you borrow money from a lender or financial institution and make regular interest-bearing payments over the term of the loan (usually seven years).
While personal loans are less flexible than credit cards and do not provide the same benefits, personal loan interest rates are generally much lower than credit card interest rates.
Personal loans are typically used to pay for things like a vacation, wedding, home renovations, or to consolidate credit card debt.
Benefits of Personal Loan
No penalties, exit fees or surprise charges
Get funds in one business day
​Personalised rates
There are no penalties for making early repayments, no exit fees if you pay off your loan sooner, and no late payment fees.
If you are approved and accept our loan offer via NAB Internet Banking, your funds will be available in one business day.
From 6.99% p.a. to 19.99% p.a.1 (comparison rate 7.91% p.a. to 20.83% p.a.2).
Ability to redraw extra funds
​Borrow up to $55,000
One to seven years flexible loan term
If you're ahead on your repayments on a variable rate loan, you can redraw, giving you flexibility if you need money unexpectedly.
You can borrow around $5,000 and $55,000 with a loan term that fits your needs.
Choose from one to seven years of repayment, with weekly, fortnightly, or monthly options.
What you can not use a personal loan for
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Illegal activities
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Business purposes. Explore our business loans or discuss further with your business banker
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Lender's Mortgage Insurance (LMI)
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Home loan deposit
