If you have a variable rate loan, you might prefer the budgeting certainty of a fixed rate.
You can fix your loan from the NAB app. Here’s how:
- Login to the NAB app
- Select your home loan from the account list
- Select Make changes to my loan
- If eligible, you can select Fix your interest rate and follow the steps to change your interest rate.
If you have a joint loan, the second person on the account will need to approve the change. They’ll need the latest version of the NAB app, a personal login and will need to approve the change within 48 hours. To do this, the second person will have to:
- Login to the NAB app
- Select your home loan from the account list
- Select Make changes to my loan
- Review the change waiting approval and Approve or Decline.
If you've got a fixed rate loan, you might want the flexibility and features of a variable interest rate, like redraw and repayment holidays. Keep in mind that economic costs may apply if you switch from a fixed rate to a variable rate loan during your fixed rate period.
We can help you change your loan. You can contact your banker, book an appointment or call us on 13 78 79 from 8.00am to 7.00pm Monday to Friday, or 9.00am to 6.00pm on weekends (AEST/AEDT).