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A lot happens on the way to owning your own home. That’s why our home loans can give you the flexibility you need. So when jobs change, families grow or one of life’s little hurdles appear, your home ownership story keeps moving forward.

Reducing your home loan repayments

Reducing your home loan repayments

Enjoy a little breathing space. If you’re paying off your home loan quicker than planned and are ahead in your repayments you can choose to have them adjusted.1

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Refinance Cash Bonus

$4,000 REFINANCE CASH BONUS

When you refinance a home loan of $250,000 or more with an eligible NAB Transaction Account*

*Drawdown between 01/01/20 - 30/06/20.
Eligibility and lending criteria and T&C apply.2

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Base Variable Rate Offer

3.09% p.a. BASE VARIABLE RATE OFFER3

Enjoy a special rate of 3.09% p.a. (comparison rate 3.09% p.a.~) on a NAB Base Variable Rate Home Loan when you are an owner occupier making principal and interest repayments with less than or equal to 80% total NAB Lending to Value ratio (LVR).

For customers where LVR is higher than 80%, the special rate is 3.29% p.a. (comparison rate 3.29% p.a.~)

3 See important information including the comparison rate warning below.

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No time to Visit

No time to visit? we’ll come to you

Our NAB Mobile Bankers can visit you when and where it suits you best. They can speak your language and are ready to help at any stage of the application process.

Book an appointment

We're checking in with you

We’re checking in with you

A NAB Check In keeps you up to date by providing relevant insights and ensures you get the most out of your home loan.4

Request a Check In

Need more flexibility?

Switch from variable to fixed

Switch from variable to fixed

Lock in a low rate and know exactly how much your repayments will be.

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Experiencing a bump in the road

Experiencing a bump in the road?

Speak to NAB Assist about possible repayment breathers.

Find out more

Important information

1 Reducing your Home Loan Repayments
By requesting a repayment review, you can reduce your contracted repayments to the minimum amount required to pay out your loan within the loan term. We’ll look over your NAB home loan to check that you’re currently paying more than the minimum repayment. And if you are, we can process your request by reducing the contracted repayments on your NAB home loan to the minimum amount. If you’d also like to update your direct debit instructions to match, just let us know. (Keep in mind, if you reduce your repayments but leave your direct debit the same, you’ll be paying ahead on your home loan – and you might be able to access those extra funds with a redraw). If there’s more than one borrower on your NAB home loan, we’ll rely on your instructions to make the change. Once it’s all processed, we’ll send you (and any other borrowers on your loan) a letter within 14 working days to confirm the change. If your request cannot be processed, a NAB banker will call you to discuss options.

2NAB Home Loan Cash Bonus

To be eligible for the NAB Home Loan Cash Bonus:

  • between 1 January 2020 and 30 June 2020, customers need to either:
    • drawdown a new NAB home loan by $250,000 or more, or increase the limit of an existing NAB home loan (and draw it down) by $250,000 or more (New Lending Cash Bonus), or
    • refinance an existing home loan to NAB of $250,000 or more (Refinance Cash Bonus), and
  • the primary (first named) home loan applicant must hold a NAB personal transaction account at the time the Cash Bonus is to be paid.

Eligible customers will receive $2,000 with the New Lending Cash Bonus and $4,000 with the Refinance Cash Bonus.

The New Lending Cash Bonus and the Refinance Cash Bonus are collectively referred to as the “Cash Bonus”.

We’ve set out the full eligibility criteria for the Cash Bonus offer below.

NAB Home Loan

  • Drawdown for the New Lending Cash Bonus must occur or the home loan refinance to NAB for the Refinance Cash Bonus must be settled (as the case may be) between 1 January 2020 and 30 June 2020 inclusive (“Offer Period”).
  • The Cash Bonus is only available to new and existing NAB customers who drawdown new or additional lending of $250,000 or more, or refinance an existing home loan from another financial institution of $250,000 or more into an eligible NAB Home Loan product.
  • The Cash Bonus is available on all NAB Home Loan products excluding lines of credit, the NAB Portfolio Facility, the NAB Private Portfolio Facility, and loans for building and construction purposes.
  • The Cash Bonus is not available for refinances of existing NAB, uBank, Medfin or Advantedge home loans.
  • The Cash Bonus is not available for new lending or refinances into uBank, Medfin or Advantedge home loans.
  • The Cash Bonus is only available to borrowers who are individuals, and covers both owneroccupiers and residential investors.
  • Businesses, trusts, non-resident borrowers and other non-natural persons are ineligible for the Cash Bonus.
  • The Cash Bonus is not available for home loans where the guarantor (if any) is not an individual.
  • The New Lending Cash Bonus and the Refinance Cash Bonus are both limited to one Cash Bonus per customer. This means a customer can receive at most $6,000 under the Cash Bonus offer.

Eligible customers can receive a maximum of one Cash Bonus under the Cash Bonus offer per secured property.

For example, an eligible customer can receive at most:

  • One payment of $2,000 under the New Lending Cash Bonus in respect of a secured property and one payment of $4,000 under the Refinance Cash Bonus in respect of a separate secured property; and
  • The customer will not be eligible for further Cash Bonuses in respect of further NAB home loans entered into (or refinanced to NAB) during the Offer Period.

  • Where there is a split home loan in respect of a secured property, eligible customers can receive a maximum of one Cash Bonus under the Cash Bonus offer in respect of that home loan.
  • Where there is a joint home loan application, only the primary home loan applicant will receive the Cash Bonus under the Cash Bonus (if eligible).
  • In the case of joint applicants, if one joint applicant has received a Cash Bonus under either the New Lending Cash Bonus or the Refinance Cash Bonus in the Offer Period for a different loan, then both joint applicants will be ineligible to receive a further Cash Bonus under the New Lending Cash Bonus or the Refinance Cash Bonus (as applicable).

NAB Personal Transaction Account

  • At the time of drawdown for the New Lending Cash Bonus or settlement of the refinanced home loan under the Refinance Cash Bonus, the primary (first named) home loan applicant must hold a NAB personal transaction account and continue holding it for at least the next 90 days.
  • The NAB personal transaction account must be open at the time the NAB Home Loan Cash Bonus is to be credited to the account.
  • The NAB Home Loan Cash Bonus will be credited to the NAB personal transaction account of the eligible applicant within 90 days of drawdown of the home loan or settlement of the refinanced home loan (as the case may be).
  • Where there are joint applicants, the bonus will be deposited into the account of the primary (first named) applicant.

Other Important Information

  • Any other product offers from NAB (including the Base Variable Rate Application Fee Waiver or Credit Card offers that are made by NAB from time to time) are independent from this NAB Home Loan Cash Bonus and customers can benefit from multiple NAB offers (if they meet the applicable eligibility criteria) unless the Terms & Conditions of the applicable offer expressly state otherwise.
  • A change to an existing NAB Home Loan with no new lending over $250,000 which results in a new account number does not qualify as an eligible refinance.
  • Terms, conditions, fees, charges, eligibility criteria and lending criteria apply for all NAB products (available on request).

Correct as at 22 November 2019.

NAB may vary this offer (including extending the Offer Period) or end this offer at any time without notice.

© 2019 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686

3 Base Variable Rate Discount Offer Terms and Conditions

This Base Variable Rate Discount Offer ("Offer") replaces the previous Base Variable Rate discount offer dated 7 March 2019. Under the Offer, eligible residential investor customers may benefit from a discount.

For owner occupier borrowers making principal and interest repayments, the discount off the advertised Base Variable Rate for Home Loans indicator rate is:

  • 1.44% p.a. where Loan to Value Ratio (LVR) ≤80%
  • 1.24% p.a. where Loan to Value Ratio (LVR) >80%

For residential investor borrowers making principal and interest repayments, the discount off the advertised Base Variable Rate for Residential Investment Home Loans indicator rate is:

  • 1.66% p.a. where Loan to Value Ratio (LVR) ≤80%
  • 1.46% p.a. where Loan to Value Ratio (LVR) >80%

For residential investor borrowers making interest only repayments, the discount off the advertised Base Variable Rate for Interest Only Residential Investment Home Loans indicator rate is:

  • 1.36% p.a. where Loan to Value Ratio (LVR) ≤80%

For the purpose of the Offer, LVR or Loan to Value Ratio means the value of the customer’s total NAB home lending divided by the total value of secured property.

The Offer is available from 16 August 2019 until withdrawn by NAB. NAB may vary or end this offer at any time without notice. To be eligible for the Offer, an application must be submitted during the period that the offer is available and then approved, and drawn down within the time period set out in the applicant’s loan offer.

The Offer is available on a new Base Variable Rate Home Loan of $20,000 or more.

The Offer is available for new lending only. The Offer is not available for any variation or change of loan purpose of any existing NAB home loan where a new application is not required, except existing NAB borrowers who apply for an increase in their NAB Base Variable Home Loan of $20,000 or more.

The Offer will permanently cease to apply to any otherwise eligible NAB Base Variable Rate Home Loan on the earlier of:

  • any change to loan purpose or repayment type; or
  • loan ceases to be a NAB Base Variable Rate Home Loan

The Offer is not available in conjunction with any other discount offer that may apply to NAB Home Loans from time to time. Not available to company and trust account holders.

4 NAB Home Loan Check In
NAB Home Loan Check In is available to NAB home loan customers who have registered or subscribed to receive marketing communications from NAB. NAB will never request personal information such as your PIN/password or ask you to login to online services directly from an email. For further security advice visit nab.com.au/security. To stop receiving electronic messages from NAB visit nab.com.au/unsubscribe.

Terms, conditions, fees, charges, eligibility criteria and lending criteria apply (available on request). ©2019 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686.