NAB Base Variable Rate Home Loan

Product overview
Additional repayments		You can make extra repayments to pay off your loan sooner.1
Redraw (minimum $2000)		Easily access extra cash if you’re ahead of scheduled repayments.2
Repayment holiday		Take a break from repayments if you’re ahead of scheduled repayments.
Interest only payment option		5 years interest only (paid monthly in arrears) for investors and owner-occupiers.
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. (‘Interest only’ option payable 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		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.
Available as part of Choice Package		Not available with Choice Package.
Interest rates		View current interest rates or comparison rates.

1. Prepayment in full within four years of the settlement date will incur an Early Exit Fee.

2. A $50 fee is payable per redraw on a Base Variable Rate Home Loan.


Fees and charges are payable. Terms and conditions apply and are available on request from NAB.