NAB Rural Lifestyle Home Loans
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- Rural property refers to properties which are located further than 50km away from a provincial city (population greater than 20,000) or more than 20km away from a primary regional town (population greater than 10,000); are greater than 10 hectares; and do not generate more than $20,000 income.
- Economic costs may be payable if additional partial repayments are greater than $20,000 or the loan is fully repaid during the fixed rate period.
- If the line of credit facility is attached to more than one account, you can only withdraw up to the account limit on each account.
- For properties which are zoned Rural Freehold. For properties which are zoned Rural Leasehold the maximum loan size is 65% of the property value. Other conditions apply for NT Perpetual pastoral leases.