Using a flexible home loan
You'll receive bills for your project over time, and you'll probably want to be able to cover unexpected costs as well. The right type of home loan can be a crucial part of a successful project.
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Finding features that suit you
The most important home loan feature for your project will be building conditions. Building conditions let you withdraw funds gradually in stages, as you receive bills from your tradespeople and suppliers. You’ll only pay interest on the funds you've used.
NAB Tailored Home Loan offers the flexibility of an interest-only payment period. This helps you manage your cash flow by only requiring you to repay enough to cover your interest costs. NAB Tailored Home Loan - Variable Rate can also be part of our award-winning NAB Choice Package.
Getting more flexibility with a line of credit
Our lines of credit offer the flexibility to use your home loan like an overdraft. We set a credit limit and you access your funds when you like, and use them however you want. You only pay interest on the funds you use. Depositing money into your line of credit reduces your interest charges and there are no minimum repayments.
We offer three lines of credit:
- NAB Portfolio Facility is an all-in-one banking solution with a single credit limit and up to 12 sub-accounts, giving you maximum control over your finances to build your wealth.
- NAB FlexiPlus Mortgage Facility, which can be part of a NAB Choice Package
- NAB Home Equity Line of Credit
Getting more help
- The best way to find a loan that suits you is with our home loan specialists
- Our product selector can help you choose a loan that might suit you
- If you've got any other questions, try our Online Assistant
