This variable rate applies to eligible owner occupier home loans when making principal and interest repayments. For more information on comparison rates1 and the fees and charges that can apply please refer to our important information below.
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.
2 Application Fee Waiver Offer Terms and Conditions NAB Tailored Home Loan
The Application Fee Waiver Offer ("The Offer") is a waiver of the Application Fee of $600 on a new NAB Tailored Home Loan.
The Offer is available from 6 November 2021 until withdrawn by NAB.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 (including refinances and limit increases for existing borrowers). 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.
3 If you have a fixed rate loan and you’re at least one full repayment ahead, you can redraw $500 or more with no fees at the end of your fixed rate period.
4 These benefits only apply to products and services as long as that product or service is part of your NAB Choice Package.
Loan, investment and credit card accounts are only treated as being part of your NAB Choice Package if the NAB Choice Package offer document that you sign specifies that they are included in your package. Each other product or service described in these terms and conditions is only included in your package if you ask us to include it when you apply for it.
5 Before you choose an interest only period, take the time to consider these things:
- Your debt doesn’t reduce while you only pay your interest charges because you’re not paying any of the principal.
- You may owe more than your property is worth if its value decreases during an interest only period.
- Your scheduled repayments will increase once your interest only period ends.
NAB Tailored Home Loan - Principal and Interest is the only product available to foreign (overseas) applicants. Conditions apply.
Information and rates are correct as at 13 March 2020 and are 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).
