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 extra repayments without economic costs. Over $20,000 you may be charged economic costs.

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Product overview

Additional repayments1
 Yes Unlimited when the rate is variable. Up to $20,000 during a fixed rate period without economic costs. Over $20,000 you may be charged economic costs1.
Redraw
(minimum $2000)2		 Yes Access 'extra' cash at the end of the fixed rate period if you're ahead of scheduled repayments.
Repayment holiday Yes Take a break from repayments if you're ahead of scheduled repayments.
Interest only
payment option3		 Yes Up to 5 years interest only (in arrears) for investors and owner-occupiers and interest only (in advance) for investors.
100% offset No 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 Yes Weekly, fortnightly or monthly. (Interest only in advance payable annually and interest only in arrears payable monthly.)
Suitable for self-employed4 Yes  'Low Doc' process available if you don't have the usual financial statements required for an application.
Can be used for
building		 No Not available for building.
Split loans Yes You can take out 2 different loans for the same property with just 1 application fee.
Portability Yes If you buy another home, you could keep the same loan and secure it against your new home.
Available as part of
Choice Packagemore info		 Yes Combine all your banking needs into one convenient package for great discounts.
Interest rates   View current interest 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. If additional repayments are more than $20,000 or the loan is paid in full during the fixed rate period, economic costs may be payable.
  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 14/11/11, subject to change.

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