Packaging benefits

  • 0.85

    discount for variable rate home loans from $250k

  • 395

    annual package fee

  • 0

    application and monthly service fees2

  • 0

    annual credit card fees

More rates and fees information

Home loan interest rate discounts

Discount amount Amount borrowed
0.90% p.a. $750,000 and above
0.85% p.a.
from $250,000 - $749,999
0.60% p.a.
Up to $249,999
Discount off the standard fixed rate1  
0.10% p.a.
-
Discount off the standard Flexiplus Mortgage rate1  
0.15% p.a.
-
View Interest rates for home lending  

Benefits and features

Pay one annual fee and benefit

Here are some of the benefits you get to enjoy from your NAB Choice Package for an annual package fee of $395:

  • Potential saving benefits of up to $2778 in your first year4.
  • Get preferential interest rate discounts on home lending products.
  • No application, annual card or monthly service fees.
  • Ability to be offered a NAB credit card of your choice.
  • Obtain insurance benefits to protect your assets. Enjoy interest rate discounts on fixed and variable margin lending products.

Keep in mind: discounts only apply when your products are part of your package.

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Different home loans to suit you

Foreign applicants / applicants living overseas please refer to Important Information

Savings example

Here are the savings4 for a typical set up which includes:

This scenario is for discussion purposes only and does not relate to any specific NAB customer or their circumstances. Your annual savings will be less if your loan amount is less than the example below or if you choose principal and interest repayments.

Item First year annual benefits Ongoing Annual Benefits (subsequent years)
No home loan application fees2 $600 -
No monthly service fees on variable rate loans3 $96 $96
Ongoing 0.85% discount on our standard variable rate4 for a $250,000 home loan – (see rates sheet for details) $2,125 $2,125
Ongoing 10% discount on NAB Home Insurance/NAB Home Insurance Essentials (assuming an annual premium of $450)5, 6 $45 $45
Ongoing 10% discount on NAB Car Insurance (assuming an annual premium of $570)5, 6 $57 $57
No annual credit card fee on NAB Qantas Rewards Premium Credit Card (1 per package customer) $250 $250
Potential savings $3,173 $2,573
Less Annual Package Fee ($395) ($395)
Net Annual Benefits $2,778 $2,178

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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 phoning the General Insurance Sales Team on 13 29 28 or on our website at nab.com.au

You should obtain Product Disclosure Statements or other disclosure document 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.

Other important information

View our NAB Choice Package Terms and Conditions (PDF, 268KB)

1 Discounts apply to new home loan contracts issued from 31 August 2015 onwards.

2 $0 Application fee applies to all new Choice Package applications.

3 $8 monthly service fees applies to the Tailored Home Loan not on the Choice Package.

4 Based on the first year savings on a 0.85% p.a. discount on the standard variable rate for a $250,000 NAB Tailored Home Loan when taken as part of NAB Choice Package. Calculation assumes interest only payments are made and no change to the lending value. Your annual savings will be less if your loan amount is less than the example or if you choose principal and interest repayments.

5 NAFM receives commission for arranging these insurances. Information about each of these products is found in the relevant Policy Document (Product Disclosure Statement), available by phoning the Insurance hotline on 13 29 28.

6 These benefits are not available in conjunction with other special or discount offers applicable to these policies and these benefits are only available when you renew an existing, or apply for a new, eligible policy and tell NAB at the time of applying that you have a Choice Package.

When you apply for the NAB Choice Package, you must include in the package a minimum of $150,000 in eligible lending products (which are existing or approved lending). Fees and charges are payable. Terms and conditions apply and are available on request from NAB. This is subject to normal lending criteria.

NAB Choice 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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