Rates and fees

Special offer rate for owner occupiers making principal and interest repayments with less than or equal to 80% total NAB Lending to Value ratio (LVR). See important information below for eligibility criteria:

  • 3.54

    variable rate

  • 3.58

    comparison rate

  • 0

    monthly fee

  • 600

    application fee

More rates and fees information

  • For customers where the LVR >80% , the special rate is 3.74% (3.78% comparison rate)
  • The above special offer rates apply to eligible owner occupier, principal and interest home loans only1.
  • For more information on comparison rates2 please refer to our important information below.
  • $0 redraw fee.
  • View our current Interest rates for home lending.
  • See all our Interest rates, fees and charges personal products.

Features and benefits

Pay off your loan sooner

  • Make additional repayments to help you get ahead faster and save interest.
  • Repayments are flexible. They can be made weekly, fortnightly or monthly.

Have easy access to your money

  • If you’re ahead with your repayments you can access funds of $500 and above. Access these funds easily through Internet Banking.

Save money on fees and interest

  • No monthly service fees to add to the overall cost of your home loan.
  • Our great low rates help you save on interest and make a bigger dint in your home loan principal.

Get in your home sooner

  • Borrow up to 95% (Principal & Interest repayments) of the property’s value so you don’t have to wait until you’ve got a bigger deposit3.
  • Lenders Mortgage Insurance applies if you borrow over 80% of the property value.

Overseas applicants

Foreign applicants/applicants living overseas please refer to important information4.

How it works

Conditional home loan approval

  • Step 1

    Find out how much you can potentially borrow with our Borrowing calculator.

  • Step 2

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


  • Step 3

    Once you have conditional approval, you can make offers with confidence.

  • Step 4

    Tailor your home loan with a banker and finalise the application towards unconditional approval.

Other options to consider

NAB Choice Package

Enjoy flexibility with your savings while still earning interest. Receive the fixed bonus margin for the first four months on your first new account for balances up to $20m.

NAB Tailored Home Loan – Variable Interest Rate

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

Home loan insurance

If the unthinkable happens, NAB Mortgage Protect can help cover your home loan repayments or loan balance.

Important information

1Discount Offer Terms and Conditions

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

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

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

The Offer is available on a new Base Variable Rate Home Loan - Principal and Interest home loan of $20,000 or more, for owner occupier borrowers only.

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 of loan purpose of any existing NAB home loan where a new application is not required, except existing NAB borrowers who apply for an increase in their NAB Base Variable Home Loan – Principal and Interest home loan of $20,000 or more.

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

  • any change to loan purpose or repayment type; or
  • 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.

2Comparison rates are based on a 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.

3Maximum 95% loan to value ratio (LVR) for principal & interest owner occupied home loans.

4 NAB Base Variable Rate Home Loan will not be 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 14 June 2019 and subject to change. Terms and Conditions apply to all NAB products and are available on application. NAB lending criteria applies. Fees and Charges are payable. National Australia Bank Limited ABN120040440937 AFSL and Australian Credit Licence 230686 (NAB).

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