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

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 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 are required to make.


Making a home loan repayment

There are a few simple ways you can make your home loan repayments:

Set up a regular transfer from your NAB transaction account to your NAB loan account in Internet Banking or the NAB app. 1

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

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

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.


Can I increase or decrease my repayments?

If you have a standard variable rate home loan you can increase your repayments and make unlimited extra payments. Find out more about our basic variable home loan.

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. Find out more about our fixed rate home loan.

Depending on your current situation, you may be eligible to decrease your home loan repayments. To find out more about decreasing your repayments, speak to your banker or call us on 13 22 65.

How to change your regular payments in the NAB app

If you have set up a regular payment you may be able to modify the amount and frequency via the NAB app. Find out more about modifying your regular payments in the NAB app.

How to change your 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. Find out more about modifying your direct debits in the NAB app.


Learn more about repayments

Understand more about interest calculations at managing your home loan repayments.

Learn more about managing home loan debt

Repayments help and guidance

To see how changing your repayments will affect your home loan, use our Home loan repayment calculator.


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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