NAB Defence Force Home Loan - Variable Interest Rate
A discounted variable rate home loan for Australian Defence Force members1, packed with features to help pay off your loan sooner including 100% offset.
With a NAB Defence Force Home Loan you can link your loan to an eligible NAB transaction or deposit account for 100% offset to help reduce the interest on your loan, and you can pay additional lump sums without a prepayment fee2. So you could save thousands and own your own home much sooner.
Product overview
Special variable rate home loan
Enjoy 0.7% discount off the standard variable rate.
Additional repayments
You can make extra repayments to pay off your loan sooner.2
Redraw (minimum $2000)
Access extra cash if you're ahead of scheduled repayments.
Repayment holiday
Take a break from repayments if you're ahead of scheduled repayments.
100% offset
Helps reduce interest costs on a loan3.
Maximum loan size as % of property value
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.
Use for building
Allows you to make progressive payments to builders.
Split loans
You can take out two different loans at the same time with the same security and pay just one application fee4.
Interest only payment option
Not available
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
Combine your banking needs into one convenient package for great discounts.
1NAB Defence Force Home Loan is only available to ADF members eligible for a home loan under the Defence Home Ownership Assistance Scheme. (approval is subject to NAB's credit assessment criteria).
2Prepayment in full within four years from the settlement date will incur an Early Exit Fee.
3100% Offset not available during the 'building conditions' phase.
4Application fee waived for a NAB Defence Force Home Loan contracted by 30 June 2009.
Fees and charges are payable. Terms and conditions apply and are available on request from NAB.
