NAB announces change to home loan interest rates

05 May 2026
Interest Rates

NAB will increase its variable home loan interest rates by 0.25 per cent per annum following today’s Reserve Bank of Australia decision.

The new rates will take effect from May 15.

NAB Group Executive Personal Banking, Ana Marinkovic acknowledged the impact of cost‑of‑living pressures, including higher interest rates, and said NAB was focussed on helping customers understand what the change meant for them.

“While interest rates set the broader economic backdrop, what matters most for customers is how their repayments change and knowing there are options and support available if they need it,” Ms Marinkovic said.

Ms Marinkovic encouraged customers who were concerned about their repayments to contact NAB early.

“If you’re feeling uncertain, the most important step is to reach out sooner rather than later so we can talk through what options might be right for your circumstances.”

NAB offers a range of practical tools and support options to help customers manage changes to their repayments, including budgeting tools, repayment flexibility and access to tailored hardship support through NAB Care.

NAB also regularly reviews savings and deposit rates.

What this means for NAB home loan customers

When will my home loan interest rate change?

If you have a variable rate home loan, your interest rate will change from 15 May 2026. Fixed rate loans are not impacted during their fixed term.

Do I need to do anything if my home loan interest rate increases?

No action is required for most customers. If your repayments are paid by direct debit, in most instances we’ll automatically adjust them to reflect your new minimum repayment.

If you’re paying above the minimum, you can choose to continue doing so.

If you don’t have a direct debit set up, please check and update any recurring payment arrangements to ensure they meet at least the new minimum repayment.

Can I change my home loan repayments?

Eligible customers can review or adjust repayments through the NAB App or by speaking with a banker. Some customers may choose to continue paying above the minimum to reduce interest over time, while others may opt to ease short‑term cash‑flow pressures.

Who can I speak to if I need help with my repayments?

If you’re experiencing financial difficulty, help is available. Customers are encouraged to contact NAB Care on 1800 701 599 to discuss tailored support options as early as possible.

Where can I get more information on NAB home loan rates?

Customers can:

• Visit the website to view current home loan rates
• Use NAB’s budgeting tools and home loan calculators
• Speak with a NAB banker in‑branch or over the phone

Notes:

• This change applies to NAB standard variable home loan rates.
• Further reading: Read more about NAB economists' outlook on interest rates.