Use the table below to identify which loan meets your needs, then click on ‘find out more’ for application details and to find your local provider.
NILS | StepUP Loan | |
---|---|---|
Type of service | No interest loan |
Low interest loan |
Eligibility |
|
|
Amount | Up to $1,500 |
Up to $3,000 |
Interest | None |
5.99% per annum fixed interest rate (comparison rate 5.99%* p.a.) |
Purpose | For essential household items and services – such as fridges, washing machines, and furniture |
For cars, car repairs, household items, computers, medical and dental services, etc. Can be used for more than one item |
Providers | Accredited community providers |
Accredited community providers with NAB |
Process of application | Interview with a community provider |
Community provider assists with completing application, then if successful the loan is provided by NAB |
Period of time | Repayments over 12 months |
Repayments over 6 months to 3 years |
Find out more | Find out more |
*Comparison rates are based on a loan of $2,500 over a term of 2 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Terms and Conditions Apply. Approved purposes only (no cash loans) NAB is the product issuer and is subject to NAB’s credit assessment ©2014 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686