Variable interest rate - Defence Force Home Loan

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.

Full features list

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	Option to link your home loan to an eligible NAB transaction or deposit account. Reduce interest charges on your loan.
Unlimited additional repayments	Make extra repayments to pay your home loan off sooner and save interest.
Available if you’re building your home	Lets you make progressive payments to builders and tradies. Redraw and 100% offset arrangement isn’t available during the building period.
Redraw	Redraw funds if ahead of scheduled repayments (subject to terms and conditions). Variable-rate periods only. Minimum redraw $500.
Flexible repayment options	Monthly, fortnightly or weekly.
Available as part of NAB Choice Package	Gives you benefits on certain products.
Interest rates	View NAB Defence Force Home Loan 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.