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.
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
- Go to Funds transfer.
- Transfer between accounts, and choose your accounts you want to transfer between, as well as the amount.
- You can then choose to pay today, schedule a repayment in the future or set up recurring repayments
Use the NAB app
- Select the account to pay from and tap the Pay button
- Tap Transfer and then choose the loan account to transfer funds to.
- 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.
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.
Help and support for your home loan
Book an appointment
Request a call back or book an appointment in branch or with a mobile banker who can come to you.
Monday to Friday, 8:00am to 7:00pm (AEST/ADST)
Saturday to Sunday, 9:00am to 6:00pm (AEST/AEDT)
Visit a NAB branch
Visit your nearest NAB branch to speak to us in person.
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