Home loans

So, we've removed some of our most unpopular fees, including, Prepayment, Redraw, Default and Early Exit fees. We've also reduced our monthly account service fee to $8.00 on NAB Tailored Home Loans with 100% Offset.

We've abolished Switch fees

We all change. And when we do, we need a home loan that's going to be able to change with us. That's why in May 2010 we abolished Switch fees, so our customers can swap their NAB variable rate home loan to another NAB home loan without paying a Switch fee.

Home loan Early Exit fees eliminated

On 6 December 2010, we abolished home loan Early Exit fees across all new and existing NAB home loans. Plus, we also abolished the Repeat Statement, Duplicate Statement and Bank Cheque fees on all home loan accounts.

And we didn't stop there.

On 28 March 2011, we abolished more home loan fees so that our customers will have extra money in their pocket.

Reduced home loan monthly Service fees

For customers on our NAB Variable Rate Home Loan with 100% Offset, NAB Introductory Rate Home Loan and NAB Home Equity Line of Credit, we reduced our monthly Service fee to $8 per month on 28 March 2011. So customers on our NAB Variable Rate Home Loan can now get access to 100% Offset at no extra cost.

No Prepayment fees on fixed rate home loans

By abolishing Prepayment fees, our customers will be able to make additional repayments on fixed rate home loans without paying a Prepayment fee. It is important to remember that economic costs may be payable when payments of more than $20,000 are made or the loan is fully repaid during the fixed rate period.

No Redraw fees

We abolished Redraw fees on NAB Base Variable Rate Home Loans, so now all our customers can access their available home loan funds without a Redraw fee.

No Default fees

We know that sometimes payments can be missed or become overdue, that's why we've abolished our home loan Default fees.

We also understand that some people's circumstances might change and any customers who have difficulties making home loan repayments, should contact NAB Care for assistance on 1800 701 599.

We've stopped charging the final $250 Facility Fee

In June 2011 we also stopped charging the final $250 Facility fee on NAB FlexiPlus Mortgage facilities when the credit limit is cancelled or closed.

We're simplifying our home loan discharge fees

From 24 September NAB home loan fees will be further simplified when you discharge your mortgage by:

• Eliminating the $150 Lodgement fee for Registration of your discharge of mortgage.
• Eliminating the $150 Lodgement fee for Stamping when you discharge your mortgage.
• Eliminating the $200 Attending Discharge Settlement fee.
• Changing our Preparation of Discharge of Mortgage fee to a $350 Mortgage discharge fee payable when you request a mortgage discharge. This fee will include attending settlement and lodgement services, where applicable to your mortgage discharge.

Call 13 13 12 to speak to a home loan specialist today.

Apply now