Some of us seek as much certainty as possible with our home loans, others want more flexibility. If you want your home loan to work better for you, it might be time for a change.

Changing your interest rate or loan features

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.

What if you have a joint loan?

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 or else the request expires. 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 have a variable rate loan, you might prefer the budgeting certainty of a fixed rate.

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).

Perhaps it's time to combine your banking into a NAB Choice Package. You could enjoy benefits of discounted home loan interest rates and fee waivers on a range of our products.

You can learn more about benefits and limitations of changing your home loan rate at fixing your home loan rate.

Splitting loans or interest types

If you want to combine certainty and flexibility, consider a mix of loans. When you split your borrowing into fixed and variable loans, you choose the ratio. While your fixed loan makes budgeting easy, your variable loan offers you redraw, repayment holidays and more repayment flexibility. With NAB Tailored Home Loan - Variable Rate you'll also get 100% Offset which can help save interest.

Managing the end of your fixed rate period

At the end of a fixed rate term, your loan will switch to our standard variable rate. If you'd rather stay at a fixed rate for some or all of your borrowing, you can arrange this by calling us on 13 78 79.

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