What is NAB Portfolio Facility?
NAB Portfolio Facility is a personal line of credit secured with residential property. It's an all-in-one banking solution that links your transaction accounts, and personal, home and investment borrowing in one facility.
Most importantly, it's designed to help you create and build wealth by using competitive home loan rates and giving you easy access to the equity in your property.
NAB Portfolio Facility lets you create up to 12 sub accounts so you can organise, manage, and control the money you need for different purposes. Save interest with the option of 100% offset on variable rate sub accounts. This will reduce your interest expenses and help you pay off your loan quicker. So you can unlock your equity in your property to create wealth more quickly and achieve a variety of financial goals, such as investing, early retirement, children's education or even your dream holiday. And because your finances are linked together, you have the flexibility to better manage them.
NAB Portfolio Facility gives you continued access to your lending limit so you can make financial decisions at call, as investment opportunities arise or lifestyle needs determine, without speaking to a banker or filling in more forms.
How Much Can I Borrow?
Your credit limit will be determined by the amount of equity you have in your property and your income. NAB Portfolio Facility lets you access up to 80% of the value of your property or up to 90% with Lenders Mortgage Insurance. A calculator is provided so you can estimate how much you could borrow and then, using the Portfolio Planner (PDF, 308kb), see how you might wish to structure the facility to suit your own requirements.
The case study, with downloadable Portfolio Planner, shows an example of how the NPF may be set up.
Sound Investment Advice?
NAB Portfolio Facility is a simple yet powerful financial tool, and it's best to have as much information about your financial situation before you begin to use it.
The best place to start is by assessing your goals, whether they're long term or short term: that is, why do you want to build wealth? Maybe you want to renovate your house in the next couple of years, or you have children who'll soon attend school. You may simply want to improve your standard of living or retire in comfort.
It's probably worthwhile asking yourself a few questions. For example, do you know what your financial goals are? Are they short term or long term? What is your current financial position? What are your total assets and borrowings? What is the financial power you possess today - what could you achieve with the money you have already - and how much further could you take this?
Before you make any investment decisions, you should seek professional financial advice. NAB can refer you to a NAB Financial Planner who can help.
If you would like to find out more about NAB Portfolio Facility, please speak to your NAB banker or call 13 13 12 and choose the Investment Loans option (between 7am - 9pm EST, Monday – Friday or 8am – 9pm, Saturday – Sunday), or you can apply online now.
Approval is subject to NAB’s credit assessment criteria. Fees and charges apply. Terms and conditions available upon application.
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