Make unlimited extra repayments to get you ahead sooner
Australian Defence Force (ADF) members are eligible to apply for a NAB Defence Force Home Loan provided they satisfy the requirements under the Defence Home Ownership Assistance Scheme.
The variable-rate NAB Defence Force Home Loan has a discounted interest rate and features to help pay off your loan sooner.
For example, you can choose the option to an eligible NAB transaction or deposit account in a 100% offset arrangement to help reduce the interest on your loan, or choose a non-offset option with a lower variable interest rate.
Discounted variable interest rate |
Enjoy 0.80% p.a. off the advertised Variable Rate for Home Loans (Standard Variable Rate) when you choose an offset arrangement, and 1.0% p.a. off the SVR with the “no offset” option. |
Maximum Loan to Value Ratio (LVR) up to 95%1 |
Lenders' Mortgage Insurance (LMI) applies for LVR over 80%. |
100% offset arrangement option |
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Unlimited additional repayments |
Make extra repayments to pay your home loan off sooner and save interest. |
Available if you’re building your home |
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Redraw |
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Flexible repayment options |
Monthly, fortnightly or weekly. |
Available as part of NAB Choice Package |
Gives you benefits on certain products. |
Interest rates |
1 Lower LVR may apply to special interest rate discount offers from time to time. Maximum 95% loan to value (LVR) ratio for principal & interest owner occupied home loans. Max. 80% LVR for all interest only lending. Maximum 90% loan to value ratio for construction loans.
Terms and conditions available on application. Except where stated, fees and charges may apply. Subject to normal lending criteria.
Information current at 15/12/16, subject to change.
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