NAB Homeplus

Take advantage of the benefits a package can give you. And get the flexibility to set up a home loan that suits you.

Benefits

  • Reduce interest charged with a 100% offset arrangement (available when your loan is at a variable-rate).
  • Save money with an annual card fee waiver on an eligible NAB credit card.
  • Benefit from competitively low interest rates and a low $10 monthly fee.
  • Enjoy the flexibility of a variable interest rate or the certainty of a fixed one.
  • Choose a repayment type that suits your needs (principal-and-interest or interest-only).
  • Keep the same home loan if you move to avoid re-applying.

Loan types

  • Principal-and-interest.
  • Interest-only (1 to 5 years).

Interest rate types

  • Variable rate.
  • Fixed rate (1 to 5 years).

Loan amounts

  • Minimum $100,000.

Loan term

Maximum 30 years.

Repayment frequency options (by direct debit)

  • Interest-only (monthly).
  • Principal-and-interest (weekly, fortnightly or monthly).

Maximum Loan to Value Ratio (LVR)

(Lenders' Mortgage Insurance applies.)

Up to 95% for owner occupied

Up to 90% for investment loans

100% Offset arrangement

Available when your loan is at a variable rate.

Additional repayments

  • Variable-rate loans (no cost applies).
  • Fixed-rate loans (economic cost may apply).

Free redraw option

  • Available when your loan is at a variable rate (if ahead of scheduled repayments).
  • Minimum $500.

Repayment holiday

Principal-and-interest loans only (if ahead of your scheduled repayments.)

Rate lock option

Fixed-rate loans only (fees apply).

Building conditions

Variable-rate interest-only loans.

Family guarantee

Available for all loans

Access to account

Telephone, internet and mobile banking.

Salary sacrifice

Principal-and-interest loans only.

What are the package features?

100% offset arrangement

Your NAB Homeplus package gives you access to a NAB Classic Banking account. You can use the account with a 100% offset arrangement while a variable-rate applies to your loan.

Read how a 100% offset arrangement works to help reduce your home loan interest.

Here are some of the NAB Classic Banking features:

  • No monthly account fees, ever.
  • No direct charges using our ATM network (including RediATMs).
  • A NAB Visa Debit Card with PayWave at no extra cost.
  • Access to your money using NAB Internet Banking, NAB Telephone Banking and NAB Mobile Banking.

Credit card offer

You can apply for a NAB Credit Card when you apply for your NAB Homeplus home loan. If we approve your application, the annual card fee of your card will be waived for the life of your NAB Homeplus home loan.

Here are the eligible NAB Credit Cards you can apply for:

NAB Qantas Rewards Card

  • Purchase protection insurance at no extra cost.
  • Earn Qantas points on everyday purchases (up to $20,000 spend per statement period).

NAB Qantas Rewards Premium Card

  • Includes seven insurances at no extra cost.
  • Our fastest way to earn Qantas points on everyday purchases (up to $25,000 spend per statement period).

NAB flybuys Rewards Card

  • Earn flybuys points fast. One point for every $1 you spend on your everyday purchases (up to $20,000 spend per statement period).
  • Includes seven insurances at no extra cost.

NAB Low Rate Card

  • Purchases are interest-free for up to 55 days if you pay your account in full by the due date each month. (There are no interest-free days on purchases while you have a balance transfer.)
  • Your choice of a pink or silver card.

NAB Velocity Rewards Cards

  • Purchase Protection insurance at no extra cost
  • Earn Velocity Rewards on everyday purchases (up to $20,000 spend per statement period).

NAB Velocity Rewards Premium Card

  • Includes seven insurances at no extra cost
  • Earn Velocity Rewards on everyday purchases (up to $20,000 spend per statement period).

Take advantage of the benefits a package can give you. And, get the flexibility to set up a home loan that suits you.

©2016 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686

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