Manage your NAB home loan

Get ahead on your home loan by following these simple steps:

• Log into the NAB app.
• Select your home loan from your account list.
• On the banner screen you can view available redraw – this is the amount you are ahead of your required repayments.

Managing your repayments using online banking is quick and easy. The NAB app and NAB Internet Banking let you set up regular or one-time payments and change repayment times and amounts.

If you want to change your repayments quickly, use the NAB app. Here’s how:

Log into the NAB app.

1. Select your home loan from the account list.
2. Select the ‘Scheduled’ tab.
3. Select the repayment you wish to change (direct debit or transfer).
4. Select Modify and follow the steps to change repayments.

For more information and FAQs about using the NAB app read our article.

Modifying your home loan payments using the NAB app.

If you've accidentally transferred money into your home loan account and want to reverse the transfer you can:

• contact your personal banker.
• call us on 13 13 12, from 8am to7pm Monday to Friday (AEST/AEDT) or 9am to 6pm on weekends (AEST/AEDT).

Depending on your loan type, you may be able to redraw the funds, or there might be another way we can help you.

If you’re ahead on your home loan repayments, you may be able to access redraw.

Redraw using the NAB app

Use the NAB app to see if redraw is available with your loan and how much you have available to use. If you have funds available, you can redraw straight away.

• Log into the NAB app.
• Select your home loan from your account list.
• On the banner you can view your available redraw.
• Tap Redraw on the top left, then follow the steps.

Note: You must be ahead by more than $500 to access the redraw facility on the NAB app.

Redraw using Internet Banking

1. Log into NAB Internet Banking with your NAB Identification number (ID) and NAB Internet Banking password.
2. Select Loan redraw, from the Transfer & Pay menu.
3. Use the drop-down list to select the loan account. Alongside each account you'll see the total funds available for redraw.
4. Select the eligible accounts to perform the Redraw. Input how much you want to redraw in the redraw amount field.
5. Confirm the payment details and click submit.

Learn more about redraw.

Your offset account is an everyday transaction account which is linked to your home loan. To see which account you have linked to your home loan:

• Log into the NAB app.
• Select your home loan from your account list
• On the top right-hand corner tap Manage.
• Scroll down to 'Linked offset accounts'.
• This will show you the amount you have available in your offset.

Generally, you can only get an offset account with variable loans. If your home loan is eligible, linking a new or an existing account is easy from the NAB app. Here’s how:

1. Select your home loan account from the My accounts.
2. On the top right-hand corner tap Manage.
3. Scroll down to Linked offset accounts and select Change my offset account.
4. Select an eligible transaction account from the list.

Once complete, you’ll see a confirmation that the request has been processed. You’ll be able to see the balance of your offset account from within NAB Internet Banking and the NAB app.

If your home loan isn't already linked, you’re unsure or just want to see if you can add an offset account to your loan, talk to your banker, or call us on 13 22 65.

Learn more about how an offset account can benefit your home loan.

As a NAB customer, you can get instant access to your NAB account statements online – exactly as they are on paper.

You can do this by switching to NAB Smart Statements.

Smart Statements help you:

• de-clutter your home or office, with less paper needing to be filed
• get secure and easy access to your statements via NAB Internet Banking
• spend less time looking for your banking correspondence when you need it – we hold seven years of statement history
• manage your impact on the environment - less paper means less waste.

View our helpful article for full instructions on switching.

Equity View in the NAB app:

You can get an estimate of your property equity¹ with the NAB app. In just a few taps, it will compare the market value of your property with your current NAB loan balance – all in the one spot.

1. Log into the NAB app.
2. Select your home loan from your account list.
3. Select Estimate my property equity.
4. Enter the address of the property you would like an estimated value for.
5. The estimated value for the property you selected will appear compared to the loan you selected, which gives an estimated equity range.

NAB Property Insights

Our property valuation reports give you insights about a suburb or specific property and are emailed to you within five minutes, so you can be prepared to make your decision.

Our insights reports include:

• estimated valuation for your property
• median sales prices for your suburb
• estimated rental yield if you were to rent out your property.

If you’re looking for insights for your area, download free NAB Property Reports to get the inside edge.

NAB equity calculator

The NAB equity calculator allows you to work out how much equity you might be access based on your current circumstances. It also answers common questions like:

• How much equity can I leverage from my property?
• What would happen if I keep my property?
• What are the costs associated if I choose to sell my property?

Applying online to top-up your existing NAB home loan is easy using our limit increase application. The online process can be done in as little as 20 minutes.

All you need is:

• your Internet Banking login so that we can pre-fill some details
• the estimated property price
• your finances (income, expenses, what you own, what you owe)
• your driver’s licence number (if you have one)
• your residential and occupation details for the last three years.

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 your loan
• If eligible, you can select Fix your interest rate and follow the steps to change your interest rate.

See our step-by-step instructions on fixing the interest on your home loan.

Please note, if you have a joint loan, the second person on the account will need to review the change. They’ll need the latest version of the NAB app, a personal login and will need to review 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 your loan
• Review the change waiting approval and select Approve or Decline.

See our step-by-step instructions on viewing and accepting changes on joint loans.

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).

We can all forget how to manage our money at times. But when it comes to your home loan, forgetting to review home loan could cost you big time.

It’s important to check that your home loan and banking is set up properly, whether you’ve had your loan for one day or five years. It could shave years off your loan and save you more money in the long run.

Learn more about getting the most from your home loan.

At the end of a fixed rate term, your loan will switch to our standard variable rate. If you’re eligible and would like to re-fix your loan, you can do this in the NAB app. Here’s how:

• Log into the NAB app.
• Select your home loan from the Account list.
• Select Make changes to your loan
• If eligible, you can select Fix your interest rate and follow the steps to change your interest rate.

See our step-by-step instructions on fixing the interest on your home loan.

Please note, if you have a joint loan, the second person on the account will need to review the change. They’ll need the latest version of the NAB app, a personal login and will need to review the change within 48 hours. To do this, the second person will have to:

• Log into the NAB app.
• Select your home loan from the Account list.
• Select Make changes to your loan
• Review the change waiting approval and select Approve or Decline.

See our step-by-step instructions on viewing and accepting changes on joint loans.

Alternatively, if you would like to re-fix some or all of your borrowing, you can arrange this by booking an appointment or calling us on 13 78 79.

We calculate your home loan interest daily, using the balance at the end of each day (unless you have an interest in advance loan).

We charge you interest monthly. You can make repayments by direct debit, automatic payment, via NAB Internet Banking or in person at any NAB branch.

Interest in arrears

If you're charged interest in arrears, we calculate your interest daily and charge it monthly.

Interest in advance

If you're charged interest in advance, each year we'll charge you for the interest that will apply to your loan in the next 12 months.

1. Log into the NAB app.
2. Select your home loan from your account list.
3. On the top right-hand corner tap Manage.
4. Scroll down to Interest.

You’ll be able to see how much interest you’ve paid in the current and previous financial year. You’ll also see your current home loan interest rate.

If you’re selling a property, refinancing your home loan, paying off your loan or releasing a family guarantee, you need to give us instructions about your loan.

Use our mortgage discharge checklist to help you complete the mortgage discharge authority (letter of instruction) form.