NAB Rural Lifestyle Home Loans
Rural Lifestyle Home Loans provide flexible and cost-effective home loan solutions specifically designed for buying a rural property.1
With our Rural Lifestyle Home Loans you can choose between a fixed and variable rate loan, or for more flexibility you may prefer a line of credit. You can easily compare features with our Rural Lifestyle Home Loans comparison table below.
Apply for a home loan.
| Rural Lifestyle Home Loan - Variable Rate | Rural Lifestyle Home Loan - Fixed Rate | Rural Lifestyle FlexiPlus Mortgage | |
|---|---|---|---|
| Description | Variable rate rural home loan | Rural home loan with initial fixed rate period | Flexible line of credit |
| Additional repayments |  |
2 |
Unlimited deposits/repayments |
| Redraw (minimum $2000) |
|
 |
Withdrawals any time, for any amount, up to facility limit3 |
| Repayment holiday | |
|
No principal repayments required unless facility/account limits are reached (or facility cancelled) |
| Interest only payment option | |
|
See above. Interest charged monthly to nominated account |
| Maximum loan size as % of property value | 70%4 | 70%4 | 70%4 |
| Split loans | |
|
|
| 100% offset | |
|
Can deposit salary and other earnings to help save interest |
| Loan service fee or facility fee |
$8 per month | $8 per month | $250 per annum |
Footnotes:
- Rural property refers to properties which are located further than 50km away from a provincial city (population greater than 20,000) or more than 20km away from a primary regional town (population greater than 10,000); are greater than 10 hectares; and do not generate more than $20,000 income.
- Economic costs may be payable if additional partial repayments are greater than $20,000 or the loan is fully repaid during the fixed rate period.
- If the line of credit facility is attached to more than one account, you can only withdraw up to the account limit on each account.
- For properties which are zoned Rural Freehold. For properties which are zoned Rural Leasehold the maximum loan size is 65% of the property value. Other conditions apply for NT Perpetual pastoral leases.
