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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

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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$2,000 home buying bonus

Found the right home for you and ready to buy? With NAB, you could receive a $2,000 bonus to make that move a little easier.

An eligible Transaction Account is required. New NAB lending of $250,000 or more. Drawdown between 17 June and 31 December 2019.2

Refinancing? You could receive a $2,000 bonus when you refinance your home loan with NAB.

An eligible NAB Transaction account required. New NAB refinances of $250,000 or more. Drawdown by 31 December 2019.3

See Important Information for more detail.

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3.20% p.a. BASE VARIABLE RATE OFFER4

Enjoy a special rate of 3.20% p.a. (comparison rate 3.24% 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 3.40% p.a. (comparison rate 3.44% p.a.~)

4 See important information including the comparison rate warning below.

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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

A NAB Check In keeps you up to date by providing relevant insights and ensures you get the most out of your home loan.5

Request a Check In

Need more flexibility?

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?

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.

2 $2,000 Home Buying Bonus
To be eligible for the $2,000 Home Buying bonus, customers need to drawdown a new home loan, or increase the limit of an existing home loan by $250,000 or more. Eligible NAB Home Loan products only. Customers must hold a NAB transaction account. Specifically, customers need to meet the following eligibility criteria:

a) NAB Home Loan

  • Drawdown must occur between Monday 17 June 2019 and Tuesday 31 December 2019 inclusive (“Offer Period”).
  • The Home Buying Bonus is only available to new and existing customers who drawdown a new loan or increase the limit of an existing loan by $250,000 or more into an eligible NAB Home Loan product.
  • Available on all NAB Home Loan products excluding refinances, lines of credit and Portfolio facilities or loans for building and construction purposes (BICOE loans).
  • The offer is only available to individuals, including both owner-occupiers and investors. Businesses, trusts, non-resident borrowers and other non-natural persons are ineligible for the Home Buying Bonus.
  • The offer is not available on uBank or Advantedge loans.
  • The Home Buying Bonus is available only once per home loan application and per security. However, a customer is eligible to receive further bonuses if they drawdown additional loans on separate securities. Where there is a joint application, only the primary applicant will receive the Home Buying Bonus. However, either applicant may be eligible for additional bonuses for further loans drawn down on separate securities, subject to meeting other eligibility criteria.

b) NAB Transaction Account

  • At the time of drawdown, the primary (first named) home loan applicant must hold a personal NAB transaction account and continue holding it for at least the next 90 days.
  • The nominated NAB transaction account must be open at the time the $2,000 Home Buying Bonus is to be credited to the account.
  • The $2,000 Home Buying Bonus will be credited to the nominated NAB transaction account of the applicant within 90 days of drawdown of the home loan. Where there are joint applicants, the bonus will be deposited into the account of the primary (first named) applicant.

Other Important Information

  • The Home Buying Bonus is limited to a single $2,000 Home Buying Bonus per home loan application and per security. This means that:
    • where there are joint applicants on a particular home loan application, the $2,000 Home Buying Bonus is only payable once to the primary applicant (provided all other eligibility criteria are met); and
    • where there is a split loan for one security, the applicant is only eligible for the $2,000 Home Buying Bonus once.
  • During the period between 17 June 2019 and 31 December 2019, an individual may only be eligible for either the $2,000 Refinance Bonus or the $2,000 Home Buying Bonus offer if drawing down the same security.
  • A customer may receive the Home Buying Bonus multiple times if they draw down on further loans for different properties/securities during the Offer Period, provided all other eligibility criteria are met.
  • Terms, conditions, fees, charges eligibility criteria and lending criteria apply for all NAB products (available on request).
  • Individuals (including any joint applicant) who received the NAB $1,250 bonus or the NAB $2,000 Refinance Bonus in 2018 or 2019, as well as NAB staff, may also be eligible for this Offer, provided all eligibility criteria are met.
  • A change to an existing NAB Home Loan which results in a new account number does not qualify as an eligible refinance.

Correct as at 5 August 2019

NAB may vary or end this offer at any time without notice.

3 $2,000 NAB Home Loan Refinance Offer
To be eligible for the $2,000 NAB Home Loan Refinance Offer, customers need to be refinancing an existing loan of $250,000 or more and hold a NAB transaction account. Specifically, customers need to meet the following eligibility criteria:

a) NAB Home Loan

  • Drawdown must occur between 15 April 2019 and 31 December 2019 inclusive (“Offer Period”).
  • Offer is only available to new and existing customers who are refinancing an existing loan from another financial institution of $250,000 or more into an eligible NAB Home Loan product. Offer is not available for new purchases.
  • Available on all NAB Home Loan products excluding lines of credit and Portfolio facilities or loans for building and construction purposes (BICOE loans).
  • Not available for refinances of existing NAB, uBank or Advantedge home loans.
  • Not available for refinances into a uBank or Advantedge home loan.
  • Offer is only available to individuals, including both owner-occupiers and investors. Businesses, trusts, non-resident borrowers and other non-natural persons are ineligible for the Offer.
  • Limited to one bonus per customer. This means that a customer who has already received the $2,000 Refinance Offer once during the Offer Period is ineligible to receive a further bonus, regardless of the number of loans they refinance. In the case of joint applicants, if one of the applicants has received the offer in the Offer Period for a different loan, both applicants will be ineligible to receive a further bonus.

b) NAB Transaction Account

  • At the time of drawdown, the primary (first named) home loan applicant must hold a personal NAB transaction account and continue holding it for at least the next 90 days.
  • The nominated NAB transaction account must be open at the time the $2,000 Refinance Offer is to be credited to the account.
  • The $2,000 Refinance Offer will be credited to the nominated NAB transaction account of the applicant within 90 days of drawdown of the home loan. Where there are joint applicants, the bonus will be deposited into the account of the primary (first named) applicant.

Other Important Information

  • This offer is limited to a single $2,000 Refinance Offer per customer and per home loan application. This means:
    • where there are joint applicants on a home loan application, the $2,000 Refinance Offer is only payable once (provided all other eligibility criteria are met);
    • in the case of joint applicants, if either of the applicants have received the $2,000 Refinance Offer in the Offer Period (even if it’s for a separate loan), all applicants are deemed to have received the Offer and are ineligible for a further $2,000 payment; and
  • where there is a split loan for one security, the applicant is only eligible for the $2,000 Refinance Offer once.
  • Terms, conditions, fees, charges eligibility criteria and lending criteria apply for all NAB products (available on request).
  • Individuals who received the NAB $1,250 bonus in 2018 or 2019, as well as NAB staff, may also be eligible for this Offer, provided all eligibility criteria are met.
  • A change to an existing NAB Home Loan which results in a new account number does not qualify as an eligible refinance.

Correct as at 5 August 2019

NAB may vary or end this offer at any time without notice.

4 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.

5 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.