Before your fixed rate home loan expires

We’ll send you a reminder via a letter which you can also access in NAB Internet Banking. In addition you may receive a notification via SMS.

You can review your options before your fixed rate expires below:

  1. Roll onto a variable interest rate. This will happen automatically if you do nothing.
  2. Re-fix your home loan interest rate.
  3. Split your home loan into fixed and variable portions.

Continue reading to explore your options and for more details on what this might mean for you. If you have questions or want to discuss your options, you can book an appointment with a home lending expert or feel free to contact us on 13 78 79.

Your options when your fixed rate ends

Option 1: Roll onto our NAB variable rate

When your fixed rate period ends, your home loan will automatically roll onto a variable rate, unless you arrange to re-fix your loan ahead of your fixed rate expiring. We’ll send you written notice before your fixed rate period ends to let you know the details of your home loan.

Remember, your actual variable interest rate will depend on certain factors, such as whether you live in the property or hold it as an investment property.

Once your home loan has rolled onto a variable rate, you could be eligible for an offset facility.

Learn how to manage your offset account

If you’ve made extra repayments during your fixed rate period, you may be able to access available redraw funds once your home loan has rolled onto a variable rate.

Learn how home loan redraw works

Option 2: Enjoy certainty with another fixed rate

You can use the NAB app  to select another fixed rate and get peace of mind knowing your minimum repayments won’t change over the fixed period.

Learn how to fix your home loan

Please be aware that if you end your fixed period early you may need to pay economic costs. Other fees and charges may also apply.

Option 3: Split your home loan

Get the best of both worlds with part of your home loan fixed and the other part variable. If you split your home loan you can combine the repayment certainty of a fixed rate and still have flexible features like offset available on your variable rate loan.

Learn how to split your home loan

Making changes during a fixed rate period

If you choose to make changes to your home loan account during a fixed rate period, you may be required to pay for what is known as ‘economic costs’.

An economic cost may be charged when you repay a fixed rate loan before the end of the fixed rate period. This will occur when the cost of funds at the start of your fixed rate loan exceeds the cost of funds at the time of repayment.

Learn more about economic cost

How to check when your fixed rate expires

You can view the expiry date of your fixed rate home loan at any time via the NAB app or on your home loan contract. Otherwise you will be notified approximately one month before your fixed rate period expires.

Your interest rate will most likely change once your fixed rate period expires, so make sure to check your new rate and allow yourself enough time to plan ahead.

Using the NAB app

  1. Log in to the NAB app.
  2. Select your ‘Fixed home loan account’ from the Account list.
  3. Find the ‘Interest type expiry’ in the Account details.

Accessing letters via NAB Internet Banking

  1. Log in to NAB Internet Banking.
  2. Select Profiles & Settings.
  3. Select 'Letters'.
  4. Select 'Search' to display letters from the last 6 months (use the date field to search for older letters).

You can also save or print your letter once you've opened it.

How to view and download online letters

Do you think you might miss a payment?

We understand that financial situations can change. If you’re having trouble making your home loan payments, we want to work with you to help find a solution.

Contact us for home loan related queries

Book an appointment

Make an appointment to see us at your nearest branch, ask a mobile banker to come to you or ask us to call you back.

Customer Support Tool

Solve problems quickly online with our easy-to-follow guides. Simply select a topic and we’ll direct you to the information you need.

Call us

Speak to a home loan expert about a new or existing home loan.

Monday to Friday, 8:00am to 7:00pm (AEST/AEDT)
Saturday to Sunday, 9:00am to 6:00pm (AEST/AEDT)

13 78 79

Terms and Conditions

The information contained on this webpage is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, NAB recommends that you consider whether it is appropriate for your circumstances. NAB recommends that you seek independent legal, financial and taxation advice before acting on any information on this webpage. 

Terms, conditions, fees, charges, eligibility criteria and lending criteria apply for all NAB products (available on request).

Correct as at 19 August 2022.

Other important information

NAB’s Home loan products are not available to applicants who reside overseas (regardless of citizenship) and/or for applicants who require Foreign Investment Review Board (FIRB) approval to purchase residential property in Australia.

NAB’s Fixed Rate Home Loan products do not come with an interest offset facility.

NAB does not offer an interest offset arrangement for Fixed Rate Home Loans.

Information and rates are correct as at 13 September 2023 and are subject to change.

Terms, conditions, fees, charges, eligibility criteria and lending criteria apply for all NAB products.

NAB’s home loan products are issued by National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 (NAB).

Personal Banking Fees - a guide to fees and charges (PDF, 177KB), opens in new window

Interest rates for home lending