NAB scraps introducer fees for bank loans

NAB will no longer pay the likes of gym instructors and hairdressers commissions for successfully pitching bank loans to their customers.

NAB will no longer pay gym instructors and hairdressers commissions for loans pitched to customers. (AAP)

NAB has scrapped a program under which people including gym instructors and hairdressers were paid commissions for loans they pitched to their customers.

The lender said on Monday it would end its so-called introducer program on October 1 as part of its response to the financial services royal commission.

"We need to be simpler and more transparent to earn trust," interim chief executive Philip Chronican said.