Variable rate Defence Force Home Loan features
Australian Defence Force members can enjoy access to an offset account and flexible repayment options.
Discounted interest rate
Enjoy a minimum 1.20% p.a. off the advertised Variable Rate for home loans (Standard Variable Rate).
Maximum loan-to-value ratio (LVR) up to 95%
Lenders' Mortgage Insurance (LMI) applies for LVR over 80%. You can borrow up to 95% of the property’s value when you make principal and interest repayments and live in the property.
Save with an offset account
With the option to link your home loan to an eligible NAB transaction or deposit account, you could save on interest and reduce the term of your home loan by using an offset account.
Make unlimited additional repayments
Pay off your loan sooner with the ability to make unlimited additional repayments.
Redraw funds if you’re ahead of scheduled repayments (subject to terms and conditions). Minimum redraw is $500 and is only available during variable-rate periods.
Make progressive payments to builders and tradies if you’re building your home. Redraw and 100% offset arrangement aren’t available during the building period.
Other loan options to consider
Learn about other home loans we have available for Australian Defence Force members.
Contact us for home loan related queries
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Terms and Conditions
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All rates are effective Monday, 4 December 2023 and are subject to change at any time. To find out more, visit nab.com.au, call into a NAB branch or call 13 13 12 for information on personal lending rates or 13 10 12 for information on business lending rates. Terms and conditions, fees and charges, and normal lending criteria apply. Full details of these and relevant terms and conditions are available on application. National Australia Bank Limited ABN 12 004 044 937
Target Market Determinations for these products are available at nab.com.au/TMD.