NAB increases variable lending rates - 4 May 2006

Thursday, 4 May 2006

Following the Reserve Bank decision on 3 May 2006 to increase official interest rates, NAB today announced changes to its variable home loan products.

Effective from Monday 8 May 2006, NAB's standard variable interest rate will increase by 0.25 per cent to 7.57 per cent. 

NAB's one-year introductory variable rate home loan will increase by 0.25 per cent to
6.24 per cent.

Interest rates on other products are currently under review.

For further media information, please contact:

Kerrina Lawrence
Retail Corporate Affairs Manager
National Australia Bank Limited
T  (03) 8634 0693
M 0417 034 738

* The information contained in this media release is for media advice purposes only. The contents are true and correct at time of publishing/issuing, however may change over time. For further information about NAB products or rates, please go to Interest Rates, Fees & Charges