Rates and fees

  • 5.11

    variable rate

  • 5.24

    comparison rate

  • 8

    monthly service fee

  • 600

    application fee

More rates and fees information

Features and benefits

Flexibility to suit you

  • Variable rate home loan - The option to have a variable home loan and enjoy the flexibility.
  • Fixed rate home loan - Enjoy certainty of knowing your repayments by having the option to fix your home loan.
  • Split home loan - Take out two different loans for the same property with just one application fee.

Pay off your home loan sooner

  • Fixed rate home loan - Make additional repayments up to $20,000 without economic cost to help you save interest on fixed home loans.
  • Variable rate home loan - Make every dollar count and save on interest with a 100% offset arrangement. You can also make additional repayments to help you get ahead faster.
  • Repayments are flexible. They can be made weekly, fortnightly or monthly (interest-only paid monthly only).

Have easy access to your money

  • If you’re ahead with your repayments you can access funds of $500 and above at the end of your fixed rate period and anytime if you have a variable rate home loan1. Access these funds easily through Internet Banking.

Enjoy discounts and benefits

Other features

Interest-only repayments available

  • Up to five years interest-only (in arrears) for owner-occupiers and up to 10 years interest-only (in advance or in arrears) for investors3.

Borrow up to 95% of the property value (Principal & Interest)4

  • Lets you get into your home sooner so you don’t have to save such a large deposit. Lenders’ Mortgage Insurance applies if you borrow over 80% of the property value.

Can be used to build your home4

  • The loan is available with building conditions to let you make progressive payments to your builder. Interest-only repayment options only with terms of one or two years.

Eligible Applicants

  • Available to Australian and New Zealand citizens and permanent residents, as well as selected temporary VISA holders who reside in Australia.
Foreign applicants / applicants living overseas please refer to Important Information

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

Get more from your banking. Package your banking products and enjoy discounts and other benefits.

NAB FlexiPlus Mortgage Facility

Unlock equity you’ve built in your home and access money whenever you need it with a flexible line of credit.

NAB Base Variable Rate Home Loan

Get into your home sooner with our simple, low-cost home loan.

Important information

Terms and conditions available on application. Except where stated, fees and charges may apply. Subject to normal lending criteria.

Information current at 01 August 2016, subject to change.

1 Withdrawals at any time up to the approved limit, and only available at the end of a fixed rate period (ie. when the rate becomes variable).

2 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.

3 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.
4 Maximum 95% loan to value ratio (LVR) for principal & interest owner occupied home loans. Maximum 80% (LVR) for all interest only home loans. Maximum 90% (LVR) for construction loans.

5 Comparison 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.

We're ready to help you

Call 13 78 79

Mon-Fri 8am - 7pm (AEST/ADST)
Sat-Sun 9am - 6pm (AEST/ADST)

Talk to an expert
Enquire online