Our expert brokers provide valuable assistance with eligibility criteria for buyers interested in car financing from NAB. Applicants do not need to currently hold a transactional account or have a credit card with NAB to be eligible to apply for motor vehicle funding from the bank. However the bank does review applicants’ banking history with them in deciding on the rate offer. This may mean that the bank is a preferred lender for existing NAB customers.
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As a major bank, NAB is required to adhere to the strict lending guidelines under the regulations for banking institutions. Where an individual or business operator does not meet the criteria, we may have other options. We know the matrix used by our accredited lenders and can advise on the best options.
In deciding on the rate to offer and approve applications, the bank reviews a range of aspects, including the income, debts, expenses and assets held by the applicant and their credit score and history.
To meet NAB criteria for business vehicle funding, commercial entities must have an ABN, be registered for GST and provide a range of documentation around their financial position. Where a business does not meet the NAB criteria, our brokers will source options from our other lenders.
To discuss your eligibility for NAB car finance, speak with one of our brokers.
We make it easy to apply for car financing through NAB and other major banks. Both private and business buyers can use our convenient online application platform or just call us and apply over the phone with one of our brokers.
Our brokers handle the process for you. Assessing the application to meet NAB criteria and liaising with our bank contacts for quotes and approvals. Many applications can be approved in 24 hours!
While the National Australia Bank can be extremely competitive with rates, most astute buyers will want to be assured that any quote or offer from NAB is the best for them. We have a number of car buyer tools that empower borrowers to carry out their own lending comparisons.
Buyers can quickly refer to our Rate Comparison Chart, which displays the latest rates and lending products from Jade and a number of other major lenders. Private buyers may note that NAB Personal Loans are unsecured loans. While this type of product offers advantages for some buyers, others may prefer a secured car loan. Secured loans typically have a lower interest rate. Compare your options with our buying tools.
Deciding which vehicle to purchase can often be dependent on price or, more specifically, loan repayments. Our Finance Calculator allows vehicle buyers to compare car loan repayments on the price of different models to make buying decisions. Use our rate for NAB loans and other lenders to see how the rate affects the repayment.
Business buyers can use the calculator to establish their preferences with terms and balloon payments. After using our buying tools, contact us for a quick quote or to start your application.
Engaging with us for your car financing by NAB can deliver multiple advantages. Securing competitive major bank rates, saving time for the application process and receiving the expertise and experience of our 25+ years in the vehicle lending market.
We take a very individual and personal approach to every application. Most importantly, we can advise if the NAB is the right lender to meet your requirements. If their eligibility criteria or products are not considered the best fit, we have access to 80+ lenders to source you the right lender.
Business buyers also benefit from our expertise with asset acquisition financing. Optimising vehicle financing for the latest tax regulations and structuring balloons in line with buyer ownership cycles and the resale value of the vehicle. For expertise in sourcing NAB financing solutions, contact us.
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* The comparison rate displayed is calculated for a loan of $30,000 over 5 years. The results from this calculator should be used as an indication only. Quoted repayments are based on advertised rates and do not include lender fees and charges. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you speak with us so that we can provide you with advice that is tailored to your situation.
DISCLAIMER: This comparison chart is provided for general reference purposes only. It is not in any way intended as a loan application, it is not a quote for business finance or any indication that an application has been received or approved. The rates quoted are for business use where the funds are predominately for business use and may not include all the fees and charges that may be applicable. The interest rates and the repayments displayed do not account for any conditions pertaining to your individual loan application. Therefore the interest rate and repayment you may be offered may vary from the amount shown.
In order to provide the best experience, your details are saved on our secure server as you enter them.
NAB offers personal loans for cars, and these loans are unsecured. Buyers do not have to use the car as collateral for the funding.
Yes. NAB offers Chattel Mortgage but under the product name of Vehicle Loan.
Credit applications can be made to banks where an account is not held. NAB does review the banking history with them when deciding on interest rate offers.
An unsecured loan does not use the goods being funded as the collateral for the borrowed money.
Rates can be fixed or variable on personal vehicle loans through National Australia Bank.
Interest rate offers from lenders are based on an individual assessment of the application. The credit score and financials are taken into consideration.
Some lenders will approve vehicle funding to businesses not registered for GST. Those requiring this may seek suitable lenders through brokers.
Major banks are known for offering competitive rates across their lending markets.
A balloon is an optional component with Hire Purchase and Chattel Mortgage. It is a percentage amount of the borrowing that is due at the end of the term.
NAB offers no deposit funding for business entities.
Buyers can use an online vehicle funding calculator to work out estimates of repayments.
Yes. National Australia Bank offers financing for new and used vehicles.
Online calculators are for generating estimates only. Any offers or quotes can be different.
NAB offers Finance Lease, Hire Purchase and Equipment Loan (Chattel Mortgage) for business vehicle financing.
Lease payments are treated as a business expense and are a tax deduction.
