NAB Base Variable Rate Home Loan

SPECIAL variable RATE FOR OWNER OCCUPIERS

This special offer is for new owner occupier, principal and interest home loans where the customer has a deposit of 20% or more of the property value². For more information on comparison rates¹ and the fees and charges that can apply please refer to our important information below.

3.20 %p.a.
variable rate
3.24 %p.a.
comparison rate¹
$0
monthly fee
$0
redraw fee
$600
application fee

Pay off your loan sooner

No fees for making extra repayments on your mortgage, so you can get ahead faster.

Flexible repayments

Choose when you make your repayments - weekly, fortnightly or monthly.

Save money on fees and interest

No monthly service fees to add to your home loan costs and our low rates help you save on interest over the life of your loan.

Borrow up to 95%

You can borrow up to 95% of the property’s value when you make principal and interest repayments and live in the property. ³

Keep in mind, if you borrow 80% or more of the property’s value, Lender’s Mortgage Insurance applies.

Easy access to your money

If you’re at least one full repayment ahead, you can redraw $500 or more with no fees. It’s simple to redraw using NAB Internet Banking.

Control from your pocket

Stay on top of your home loan through the NAB App. You can track your home loan progress, estimate your property equity and more.

Ready to get started?

Apply now

Apply online for conditional approval. It takes only 15-20 minutes.

See how much I can borrow

Calculate my repayments

Equity loan calculator

Stamp duty calculator

Base Variable Rate
NAB Base Variable Rate Home Loan	Interest rate	Comparison rate¹
Principal & Interest	Interest rate 3.70% p.a.	Comparison rate¹ 3.74% p.a.
Special offer for new owner occupier loans when making principal & interest repayments LVR ≤80%²	Interest rate 3.20% p.a.	Comparison rate¹ 3.24% p.a.
Special offer for new owner occupier loans when making principal & interest repayments LVR >80%²	Interest rate 3.40% p.a.	Comparison rate¹ 3.44% p.a.
Interest Only	Interest rate 4.27% p.a.	Comparison rate¹ 3.96% p.a.

Base Variable Rate
NAB Base Variable Rate Home Loan – Residential Investment	Interest rate	Comparison rate¹
Principal & Interest	Interest rate 4.22% p.a.	Comparison rate¹ 4.26% p.a.
Special offer for residential investors, principal & interest LVR ≤80%²	Interest rate 3.50% p.a.	Comparison rate¹ 3.54% p.a.
Special offer for residential investors, principal & interest LVR >80%²	Interest rate 3.70% p.a.	Comparison rate¹ 3.74% p.a.
Interest Only	Interest rate 4.60% p.a.	Comparison rate¹ 4.41% p.a.
Special offer for residential investors, interest only LVR ≤80%²	Interest rate 3.65% p.a.	Comparison rate¹ 4.03% p.a.

Comparison rate warning¹

Compare rates for all home loan products

NAB Choice Package

Package your home loan and save.

NAB Tailored Home Loan

Pay off your home loan sooner with our feature-packed, flexible home loan.

NAB FlexiPlus Mortgage

If you need flexible lending, with a line of credit you can access funds at any time with no scheduled repayments.

Important information

¹ Comparison rates are based on a secured loan of $150,000 over a term of 25 years.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

²Discount Offer Terms and Conditions

For eligible customers, the Discount Offer ("the Offer") is a discount off the advertised Base Variable Rate for Home Loans indicator rate :

Where the Loan to Value Ratio (LVR) ≤80%, the discount is 1.44% p.a.
Where the Loan to Value Ratio (LVR) >80%, the discount is 1.24% p.a.

For the purpose of the Offer, the Loan to Value Ratio means total NAB home lending divided by the total value of the secured property expressed as a percentage.

The Offer is only available on a new owner occupier Base Variable Rate Home Loan when making principal and interest repayments(loan amount must be at least $20,000).

The Offer is available from 7 March 2019 until withdrawn by NAB. NAB may vary or end this offer at any time without notice. To be eligible for the Offer, an application must be submitted during the period that the offer is available and then approved, and drawn down within the time period set out in the applicant’s loan offer.

The Offer is available for new lending only. The Offer is not available for any variation or change to the loan purpose of any existing NAB home loan, except existing NAB borrowers who apply for an increase to the amount of credit of $20,000 or more to their existing NAB Base Variable Home Loan when making principal and interest repayments.

The Offer will permanently cease to apply to any otherwise eligible NAB Base Variable Rate Home Loan on the earlier of:

any change to the loan purpose or repayment type; or
the loan ceases to be a NAB Base Variable Rate Home Loan.

The Offer is not available in conjunction with any other discount offer that may apply to NAB Home Loans from time to time. Not available to company and trust account holders.

³Maximum 95% Loan to Value Ratio (LVR) for principal & interest owner occupied home loans.

NAB Base Variable Rate Home Loan is not available to applicants who reside overseas (regardless of citizenship) and for applicants who require Foreign Investment Review Board (FIRB) approval to purchase residential property in Australia.

Correct as at 11 October 2019 and subject to change. Applications for credit are 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).

Talk to an expert

Request appointment

Call 13 78 79

Mon-Fri 8am - 7pm (AEST/ADST)
Sat-Sun 9am - 6pm (AEST/ADST)

Latest offers

NAB BASE VARIABLE RATE HOME LOAN

SPECIAL variable RATE FOR OWNER OCCUPIERS