A home loan that gets you off to a great start with a discounted fixed or variable rate for the first 12 months or 3 years.
When you have a NAB Introductory Rate Home Loan you also get a standard credit card with no annual fees1. The interest rate converts to NAB's standard variable rate at the end of the introductory period.
Product overview
Additional repayments
You can make unlimited extra repayments during variable rate periods and up to $20,000 during the fixed rate period to help pay off your loan sooner.2
Redraw (minimum $2000)
Access extra cash when you're ahead of scheduled repayments (during the variable rate period).
Repayment holiday
Take a break from repayments if you're ahead of scheduled repayments.
Interest only payment option
Not available.
100% offset
Not available.
Maximum loan size as % of property value
95%
Borrow up to 95% of the property's value so you don't have to wait until you've saved a large deposit.
Flexible repayment options
Weekly, fortnightly or monthly.
Suitable for self-employed
Not available for 'Low Doc' process, if you don't have the usual financial statements required for an application.
Can be used for building
Available with variable rate loan only. Allows you to make progressive payments to builders.
Split loans
You can take out 2 different loans for the same property with just 1 application fee.
Portability
If you buy another home, you could keep the same loan and secure it against your new home.
Loan Trimmer - With NAB Loan Trimmer, the interest rate that would normally apply to your deposit accounts is used to reduce the interest rate charged on your loan.
Rate Lock - You can lock in the fixed interest rate that is quoted at the time of loan approval for up to 3 months, giving you added certainty.
1. Introductory Rate Home Loan is only available to new NAB home loan customers. Fee waiver applies to: one NAB credit card per customer (approval is subject to NAB's credit assessment criteria).
2. Additional prepayments above this amount during a fixed rate period may attract prepayment fees and economic costs. If you prepay the loan in full during the fixed rate period, a prepayment fee is payable and economic costs may also be payable. For NAB Introductory Rate Home Loans contracted between 24/4/06 and 22/10/06, the Early Exit Fee is payable if you repay the loan within three years of the settlement date. For loan contracts issued on or after 23 October 2006, the Early Exit Fee will be payable if the loan is repaid in full within four years of the settlement date.
Fees and charges are payable. Terms and conditions apply and are available on request from NAB.
