Interest rates and fees
Interest rates as at
|
Less than $250,000
|
9.20% |
|---|---|
| $250,000 - less than $1.0M | 8.95% |
| $1.0M & above | 8.70% |
| 1 year (p.a.) |
2 years (p.a.) |
3 years (p.a.) |
4 years (p.a.) |
5 years (p.a.) |
|
|---|---|---|---|---|---|
|
Less than $250,000
|
8.40% | 8.70% | 8.80% | 8.95% | 9.10% |
| $250,000 – less than $500,000 | 8.20% | 8.50% | 8.60% | 8.75% | 8.90% |
| $500,000 – less than $1.0M | 8.00% | 8.30% | 8.40% | 8.55% | 8.70% |
| $1.0M & above | 7.80% | 8.10% | 8.20% | 8.35% | 8.50% |
| 1 year (p.a.) |
2 years (p.a.) |
3 years (p.a.) |
4 years (p.a.) |
5 years (p.a.) |
|
|---|---|---|---|---|---|
|
Less than $250,000
|
8.60% | 8.90% | 9.00% | 9.15% | 9.30% |
| $250,000 – less than $500,000 | 8.40% | 8.70% | 8.80% | 8.95% | 9.10% |
| $500,000 – less than $1.0M | 8.20% | 8.50% | 8.60% | 8.75% | 8.90% |
| $1.0M & above | 8.00% | 8.30% | 8.40% | 8.55% | 8.70% |
| 3.30% p.a. | This rate also applies to credit balances in a margin lending variable rate loan. |
|---|
All variable debit interest rates are effective from 17 February 2012. All fixed interest rates and the credit interest rate are effective from 14 May 2012. All rates are subject to change at any time. Fees and charges may apply. Full details of these and the relevant terms and conditions are available on application.
Fees
The following fees and charges may apply to some clients:
Establishment fees
|
Individual or joint applicants
|
$ 0 |
|---|---|
| Trustee applicant (Individual) | $150 |
| Trustee applicant (Company) | $300 |
| Company guarantor | $150 |
| Tasmanian residents (Applicants or guarantors) | $90.50 State Government charge to cover lodgement and Power of Attorney. |
Other Fees
Instalment gearing
A fee may be incurred for instalment gearing under certain circumstances (for example, if a client terminates the arrangement within the first 12 months).
Economic costs
Early repayments of a fixed rate loan (including a conversion to a variable rate loan) may be subject to payment of economic costs.
Default interest
Default interest may be charged on any loan amount that exceeds the approved Facility limit. Default interest is charged at NAB Equity Lending's published variable rate for loans of less than $250,000 plus a margin of 2.0%(p.a.). Therefore, if the variable rate for loans less than $250,000 changes, so will the default interest rate.
- How much can you borrow? Loan calculator.
- New to margin lending? Learn more.
- How to switch to NAB Equity Lending.
Apply for a NAB margin loan
