NAB Private Tailored Package

NAB Private home | Tailored banking solutions | NAB Private Tailored Package

The NAB Private Tailored Package is an exclusive package for NAB Private clients. It is provided in line with the NAB Private Tailored Package terms and conditions.

For an annual package fee of $750, the package offers a great range of benefits summarised below and also set out in the package terms and conditions.

These benefits are only available:

  • while you have a Private Tailored Package; and
  • if you’ve asked us to specifically include the product or service with the benefit in your package:
    • when you apply for it; or
    • after you apply for it, provided there is no exception set out below to adding an existing product or service to your package.

Foreign applicants / applicants living overseas please refer to Important Information below.

Summary of benefits

Home lending benefits

The lending benefits below apply to the following home lending products if you include them in your package:

You can’t include a loan in this package if already in another type of NAB package or in NAB Employees Choice.

Fee discounts

No application or service fees.

Package discount off your interest rate1.

A package discount off your interest rate. These package discounts are:

  • 0.90%p.a. off the standard variable rate for home loans $750,000 and above2.
  • 0.85% p.a. off the standard variable rate for home loans from $250,000 - $749,9992.
  • 0.60% p.a. off the standard variable rate for home loans from <$250,0002.
  • 0.15% off the NAB FlexiPlus Mortgage rate.

Also, the fixed indicator rates for Private Tailored Package home loans are 0.10% less than the fixed indicator rates for standard home loans for the relevant fixed rate period.

Margin Lending

If you include a NAB margin loan in a NAB Private Tailored Package, there is a 0.20% discount off the advertised National Margin Lending indicator rates (variable and fixed). This benefit is not available in conjunction with any other margin lending special offer or discount. The discount on a fixed rate margin lending facility is not available for a fixed rate period beginning before the facility is included in the package.

Transaction account

The following NAB fees are waived for the NAB Gold Banking account if it is included in a NAB Private Tailored Package:

  • the monthly account service fee ($10);
  • the foreign currency transaction fee;
  • the ATM Cash withdrawal fee for a cash withdrawal from an ATM outside Australia; and
  • the balance enquiry fee for a balance enquiry made through an ATM outside Australia.

Note – overseas ATM operators/owners can charge you their own fees for using their ATMs.

Credit card

No annual credit card fees on up to two eligible NAB credit card accounts that you include in your package. The eligible cards are any NAB personal credit card except for a NAB Low Rate Premium card. (You can’t include a card in the package if you are a company or the card is a business credit card).

Insurance benefits

Home insurance benefit

A 10% discount off the standard premium when you renew an existing, or apply for one of the following home insurance policies and include it in your package:

  • NAB Home Insurance;
  • NAB Home Insurance Essentials; and
  • NAB Residential Investor Insurance

These benefits are not available in conjunction with other special or discount offers applicable to these policies. Read more important information about the insurance.

Car insurance benefit

A 10% discount off the standard premium when renew an existing, or apply for a new NAB Car Insurance policy and include it in your package.
These benefits are not available in conjunction with other special or discount offers applicable to these policies. Read more important information about the insurance.

Important information about the insurance

Allianz Australia Insurance Limited (ABN 15 000 122 850) is the issuer of NAB Home Insurance, NAB Home Insurance Essentials, NAB Residential Investor Insurance and NAB Car Insurance. Information about these insurances are contained in the current relevant Product Disclosure Statements (PDS) or other disclosure documents, copies of which are available upon request by contacting your Private Client Manager or on our website at nab.com.au

You should obtain Product Disclosure Statements or other disclosure documents relating to these products and consider the disclosure documents before making any decision about whether to acquire or continue to hold the products. Applications for insurance are subject to eligibility criteria.

NAB Home Insurance, NAB Home Insurance Essentials, NAB Residential Investor Insurance and NAB Car Insurance have been branded ‘NAB’ by National Australia Bank Limited ABN 12 004 044 937 AFSL 230686.

National Australia Financial Management Limited (NAFM) (ABN 56 000 176 116) acts as an agent of Allianz and NAFM receives a commission for arranging these insurances. Neither National Australia Bank Limited nor any other company in the National Australia Group, including NAFM, guarantees or accepts liability in respect of NAB Home Insurance, NAB Home Insurance Essentials, NAB Residential Investor Insurance or NAB Car Insurance.

Important information

1 If a home loan is in an interest only period, a positive interest only margin will be added to the interest rate, whether or not the home loan is included in the package. This means that during an interest only period, the interest rate will be:

  • if the loan is in the package – the indicator rate less the relevant package discount plus the interest only margin; or
  • if the loan is not in the package - the indicator rate plus the interest only margin.

2 Discounts apply to new home loan contracts issued from the 31st August 2015.

Fees and charges are payable. Terms and conditions apply and are available on request from NAB. Our credit products are subject to normal lending criteria. The NAB Private Tailored Package is subject to eligibility criteria. View our NAB Private Tailored Package Terms and Conditions (PDF, 120KB).

NAB Private Tailored Package will not be available to applicants who reside overseas (regardless of citizenship) and/or for applicants who require Foreign Investment Review Board (FIRB) approval to purchase residential property purchase in Australia.

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