How much can I borrow?

We can lend you up to 95% of the property value subject to eligibility. If you are self-employed and use our LowDoc process we can lend you up to 80% of the property value. (Lenders Mortgage Insurance may be required.)

How much you can afford to borrow will depend on a range of different things such as your income, your credit history, your savings/deposit, and the value of the home you're interested in buying. Our home loan calculators can give you a good indication of your borrowing power and help you work out what your repayments would be

Alternatively, our home loan specialists can explain all your options and take you through a range of scenarios to see what works best for you. You can request an appointment now or call 13 13 12 from 8am–9pm, 7 days a week (AEST/AEDT)

The minimum loan amount is $20,000.

How much deposit do I need?

With our home loans, you typically need a deposit of at least 5% of the property's value – plus enough to cover stamp duty and other admin fees. If your deposit is less than 20% of the property value then you may also need to pay for Lenders Mortgage Insurance or you could use NAB Family Guarantee instead.

How can I apply for a home loan?

You can apply for a NAB home loan in several ways:

• Online - Apply online now.
• Phone - Call 13 13 12 and apply over the phone.
• In person – visit a branch or call 13 13 12 to make an appointment to meet with our home loan specialists who can even come to you.

What documents do I need to provide when applying?

To help make the application process as quick and easy as possible, complete this checklist to find out what documents you will need to have ready to apply for a NAB Home Loan.

Bear in mind that this checklist is meant to be a guideline and all of the documents may not apply to you.

NAB Home Loan Application Document Checklist

Can I get a home loan if I am self-employed and don't have the standard financial documentation?

If you don't have the standard financial documentation then you can apply with our 'LowDoc' process. All you do is go through the normal application process and confirm your income through an income declaration. That's it.

NAB's 'Low Doc' process is available to self-employed people who have a good credit history and a current ABN. These loans can be used for residential property and personal investments. Find out more.

How does the home loan application process work?

Refer to 'Home Loan Application Process' for an overview of the process.

How do I protect my ability to make repayments?

Unemployment, serious illness, accident or even death of yourself or a partner could impact your finances putting your loan, your home, and your family at risk.

We can help you put in place insurance options to help protect you, your home, and your home loan, including:

• MLC EasyCover** – can help protect your loan repayments if you become disabled, involuntarily unemployed or suffer a specified critical illness. This cover can also provide a lump sum payment in the event of your death*.
• Home and Contents insurance – provides cover for a range of untoward events such as fire, theft, burglary, storm damage, and much more*.
• Life and Income Protection - includes a range of covers to protect you by paying a lump sum upon death, terminal illness, or in the event you suffer a total and permanent disability that leaves you unable to work*.

*Terms, conditions, limitations and exclusions apply to all these insurance covers – refer to the relevant Product Disclosure Statement (PDS) for the details of the insurance cover provided by the particular product.

**MLC Limited ABN 90 000 000 402 AFSL 230694 of 105 - 153 Miller Street, North Sydney, NSW 2060, is a related body corporate of NAB.  An MLC EasyCover policy does not represent a deposit with, or liability of, NAB or any of its related bodies corporate (other than a liability of MLC as insurer). Neither NAB, nor any of its related bodies corporate (other than MLC as insurer) guarantees or accepts liability in respect of MLC EasyCover.

To find out more refer to 'Protecting you, your family, and your home'.

What stamp duty and government charges do I have to pay if I buy or sell my home?

When you buy or sell a home there are several government fees and charges that will apply. Each state Government has different charges, and calculate them in different ways. You should visit your state Government’s website for more information.

If you are a first home owner, there may be stamp duty concessions available.

What is the First Home Owner Grant (FHOG) and how can I get it?

The FHOG is a one-off $7000 grant that has been established by the Federal Government to assist in offsetting the effect of the Goods and Services Tax (GST) on the purchase or construction of a home by a first home buyer. When you apply for a NAB home loan, as part of your loan application we'll help you apply for the FHOG. Find out more.

Can I apply for a home loan in a company name or family trust?

Home loans are available to:

• individuals, including individuals acting in their capacity as trustee;
• companies, including companies acting in their capacity as trustee; or
• any combination of the above.