What is a ‘repayment’?

A repayment is a payment you make to your lender to repay your loan. Some loans require principal and interest repayments, while others may require interest only.

Learn about interest only versus principal and interest repayments.

In most cases, home loan repayments are due on the same date each month. Your home loan contract shows your repayment due date, as well as the minimum repayment you need to make.

How to set up your repayments

Setting up your home loan repayments is quick and easy with online banking. Here are three ways you can set up a one-time payment or create a recurring payment.

Use NAB Internet Banking

  1. Go to Transfer & Pay.
  2. Transfer, and choose your accounts you want to transfer between, as well as the amount.
  3. You can then choose to pay today, schedule a repayment in the future or set up recurring repayments.

Use the NAB app

  1. Select the account to pay from and tap the Pay button
  2. Tap Transfer and then choose the loan account to transfer funds to.
  3. You can then choose to pay today, schedule a repayment in the future or set up recurring repayments.

We can set it up for you

Request NAB to set up a direct debit so your repayments can automatically be paid from a nominated account to your NAB loan account. These payments can be made weekly, fortnightly or monthly. We can accept payments from both NAB and non-NAB accounts. Call us on 13 22 65 to arrange a direct debit.

Changing a regular payment or direct debit in the NAB app

If you have set up a direct debit, you may be able to change your repayment amount and frequency via the NAB app.

Learn how to change your home loan repayment in the NAB app.

Increasing or decreasing your home loan repayments

If you’re paid ahead on your home loan, you may be eligible to decrease your repayments. Speak to your banker or call us on 13 22 65 to find out more.

Increasing variable rate home loan repayments

If you have a standard variable rate home loan, you can increase your repayments and make unlimited extra payments. The easiest way to modify your repayments is using the NAB app.

Find out more about our basic variable home loan

Increasing fixed rate home loan repayments

With a fixed rate home loan, you can make up to $20,000 in additional repayments during the fixed rate period without incurring economic costs. The easiest way to modify your repayments is using the NAB app.

Find out more about our fixed rate home loan.

Contact us

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Saturday to Sunday, 9:00am to 6:00pm (AEST/AEDT)

13 78 79

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