NAB Tailored Home Loan - Fixed Interest Rate

A home loan with the certainty of a fixed rate. The NAB Tailored Home Loan - Fixed Interest Rate offers a range of terms from one to ten years. At the end of the fixed rate period the loan converts to NAB's standard variable rate. You can make up to $20,000 in additional prepayments per fixed rate period without paying prepayment fees and economic cost.1

Product overview
Additional repayments1		Up to $20,000 during the fixed rate period and unlimited when the rate is variable.
Redraw (minimum $2000)2		Access 'extra' cash at the end of the fixed rate period if you're ahead of scheduled repayments.
Repayment holiday		Take a break from repayments if you're ahead of scheduled repayments.
Interest only payment option3		Up to 5 years interest only (in arrears) for investors and owner-occupiers and interest only (in advance) for investors.
100% offset		Not available.
Maximum loan size as % of property value	95%	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. (Interest only in advance payable annually and interest only in arrears payable monthly.)
Suitable for self-employed4		'Low Doc' process available if you don't have the usual financial statements required for an application.
Can be used for building		Not available for building.
Split loans		You can take out 2 different loans for the same property with just 1 application fee.
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 all your banking needs into one convenient package for great discounts.
Interest rates		View current interest rates or comparison rates.
Additional features		Rate Lock - You can lock in the fixed interest rate that is quoted at the time of loan approval for up to 3 months, giving you added certainty.

1. Additional prepayments above this amount may attract prepayment fees and economic costs. If you prepay the loan in full during the fixed rate period, the prepayment fee is, and the economic costs may be, payable.  Prepayment in full within four years from the settlement date will incur an Early Exit Fee.

2. Redraw is available at the end of the fixed rate period (i.e. when the rate becomes variable.)

3. For interest only loans, the fixed rate period cannot exceed the interest only period.

4. 'Low Doc' not available for Interest Only loans.

Information current at 1/11/2009, subject to change. Rated by CANSTAR CANNEX, September 2009 and awarded to NAB Tailored Home Loan 1, 2, 3, and 5 year fixed rate and Fixed Rate Investment. Ratings reviewed every 6 months.

Fees and charges are payable. Terms and conditions apply and are available on request from NAB.