NAB is here to help – Increased COVID-19 support for home loan customers

Looking for a home loan?

Track your home loan online to manage your repayments and monitor your equity growth.

Managing your home loan online

Once your home loan is set up, it's easy to manage. And the easiest way to keep track of things is online with NAB Internet Banking or the NAB app. 1

There you can:

  • check your current balance and interest rate
  • manage your payments (historical and scheduled)
  • view your statements online
  • access your offset account
  • redraw funds if you've made extra repayments
  • edit your existing repayments via the NAB app
  • find out more about different ways to bank
  • register for NAB Internet Banking
  • learn more about the NAB app

It also pays to check all the features of your loan so you don't miss out on reducing your interest through an offset account, or by increasing your payment frequency.

Learning about repayments

The way you pay your loan can have a huge effect on your loan’s overall cost. For example, you can reduce the cost of your loan if you make payments more frequently, even if you don’t pay any more overall.

Home loan repayment calculator

The type of loan you have also affects your repayments:

Fixed rate loan — your loan's fixed interest rate and repayments stay the same for the fixed rate period. You can make up to $20,000 in extra repayments in a fixed rate period without economic costs. If you make more than $20,000 in extra repayments you may be charged economic costs.

Variable rate loan — your loan's variable interest rate can move up or down. This means your minimum repayments could change too.

Line of credit — your home loan is like an overdraft. So long as you stay within your credit limit, you can manage your repayments however you like. But remember you need to cover interest and fees.

Interest only repayments — check out The Australian Securities and Investments Commission’s MoneySmart guide to interest-only home loans to learn about the pitfalls and benefits of this type of loan.

We calculate your home loan interest daily, using the balance at the end of each day (unless you have an interest-only, interest-in-advance loan). Interest is charged to your account monthly, on the last business day of each month. You can make repayments in various ways including direct debit, automatic payment, through NAB Internet Banking or at any NAB branch.

Find your nearest NAB branch

Important Information

1 NAB recommends you consider the Internet Banking terms and conditions document, available here before making any decisions regarding this product. This product is issued by National Australia Bank Limited. The NAB Mobile Banking app is compatible with AndroidTM OS 5.0 and iOS 10 and above, minimum platform requirements apply.

Android is a trademark of Google LLC.

IOS is a trademark or registered trademark of Cisco in the U.S. and other countries and is used under license.

Information is correct as at 27/02/2020 and is subject to change. Any application for credit is subject to NAB’s credit approval criteria. Terms and Conditions apply to all NAB products and are available on application. Fees and charges are payable.

National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 (NAB).

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