NAB Base Variable Rate Home Loan
A simple easy-to-manage home loan with a low ongoing variable rate and no monthly fees.
NAB Base Variable Rate Home Loans offer a low rate and no ongoing monthly fees. You can also increase repayment frequency and amounts without paying additional fees1, so you could save thousands and own your home sooner.
Product Overview
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Additional repayments |
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You can make extra repayments to pay off your loan sooner.1 |
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Redraw (minimum $2000) |
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Easily access extra cash if you’re ahead of scheduled repayments.2 |
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Repayment holiday |
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Take a break from repayments if you’re ahead of scheduled repayments. |
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Interest only payment option |
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5 years interest only (paid monthly in arrears) for investors and owner-occupiers. |
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100% offset |
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Not available. |
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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. |
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Flexible repayment options |
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Weekly, fortnightly or monthly. (‘Interest only’ option payable monthly.) |
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Suitable for self-employed |
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Not available for ‘Low Doc’ process, if you don’t have the usual financial statements required for an application. |
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Split loans |
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You can take out 2 different loans for the same property with just 1 application fee. |
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Portability |
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If you buy another home, you could keep the same loan and secure it against your new home. |
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Available as part of Choice Package |
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Not available with Choice Package. |
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Interest rates |
View current interest rates. |
1. Prepayment in full within four years of the settlement date will incur an Early Exit Fee.
2. A $50 fee is payable per redraw on a Base Variable Rate Home Loan.
Fees and charges are payable. Terms and conditions apply and are available on request from NAB.
