The benefits of this home loan

Learn about the benefits of our basic variable home loan.
 

Save money on fees and interest

Pay off your loan sooner

  • No fees for making additional repayments on your home loan, so you can get ahead faster.

Easy access to your money

  • If you're at least one full repayment ahead, you can redraw $500 or more with no fees. It's simple to redraw using NAB Internet Banking.

Borrow up to 95%

  • You can borrow up to 95% of the property’s value when you make principal and interest repayments and live in the property.

Flexible repayments

  • Choose when you make your repayments - weekly, fortnightly or monthly.

Control from your pocket

  • Stay on top of your home loan through the NAB App. You can track your home loan progress, estimate your property equity and more.

Offer
Featured rate

A snapshot of our featured rate and what you can expect to pay in fees.

Variable rate

3.67 % p.a.

Comparison rate

4.08 % p.a.

Application fee

$ 0

Annual Choice Package fee

$ 395

Enjoy a discount on your NAB Tailored Home Loan when bundled with the NAB Choice Package. Offer available to owner occupiers making principal and interest repayments on loans between $250,000 and $749,999. For more information on comparison rates and the fees and charges that can apply, please refer to our important information below.

The benefits of this home loan

Make the most of your NAB home loan with these great features and benefits.

Save with an offset account

You could save thousands of dollars in interest and cut years off your home loan by using an offset account.

Split your loan

Get the best of both worlds by splitting your loan into variable and fixed portions.

Access to great benefits

Get discounts and benefits with your variable rate home loan through the NAB Choice Package.

Flexible repayment options

Choose a repayment frequency that works for you - we also don’t charge any additional fees if you want to make extra repayments.

Pay no credit card annual fee

Enjoy a NAB Credit Card of your choosing with no annual fee - simply link the card with your NAB Choice Package.

Control from your pocket

Track your progress, make changes to your home loan and estimate your property equity with the NAB App.

Offer

Enjoy a $2K refinance bonus

Make your move a little easier with a $2k cash bonus when you refinance your existing home loan to NAB.

An eligible NAB transaction account is required at the time of drawdown. The cash bonus is available on new refinances of $250,000 or more and drawdown must occur from 7 September 2020 until the time the offer is withdrawn.

See important information including eligibility and lending criteria in the terms and conditions below.

Apply online
Start your home buying journey

Our step-by-step guide to getting started with your home loan application.

Step 1. Book an appointment

Book a time with a NAB home loan expert who can guide you through the application process and answer any questions you may have.

Step 2. Find your property

Now you can bid with confidence. Your conditional approval is valid for 90 days and can be renewed if you need more time.

Step 3. Get ready to move in

Tailor the details of your home loan with a banker and finalise your application.

Interest rates

Interest rates for the NAB Choice Package.

Owner occupier

Principal and Interest

Interest rate

Comparison rate

Less than $250,000

Interest rate

3.92%

Comparison rate

4.32%

$250,000 to $749,999

Interest rate

3.67%

Comparison rate

4.08%

$750,000 and above

Interest rate

3.62%

Comparison rate

4.03%

 

Interest Only

Interest rate

Comparison rate

Less than $250,000

Interest rate

4.49%

Comparison rate

4.51%

$250,000 to $749,999

Interest rate

4.24%

Comparison rate

4.26%

$750,000 and above

Interest rate

4.19%

Comparison rate

4.21%

Residential investor

Principal and Interest

Interest rate

Comparison rate

Less than $250,000

Interest rate

4.52%

Comparison rate

4.91%

$250,000 to 749,999

Interest rate

4.27%

Comparison rate

4.67%

$750,000 and above

Interest rate

4.22%

Comparison rate

4.62%

 

Interest Only

Interest rate

Comparison rate

Less than $250,000

Interest rate

4.82%

Comparison rate

5.00%

$250,000 to 749,999

Interest rate

4.57%

Comparison rate

4.75%

$750,000 and above

Interest rate

4.52%

Comparison rate

4.70%

Comparison rate warning

Other loan options to consider

Not what you're looking for? Learn about other home loans we have available.

Help and support

We’re here to help. Learn about the support services and help guides available to you.

Contact us

Book an appointment

Request a call back or book an appointment in branch or with a mobile banker who can come to you.

Call us

Monday to Friday, 8:00am to 7:00pm (AEST/AEDT)
Saturday to Sunday, 9:00am to 6:00pm (AEST/AEDT)

13 78 79

Visit a NAB branch

Visit your nearest NAB branch to speak to us in person.

Terms and Conditions

Other important information about this offer

Any other product offers from NAB (including the Base Variable Rate Application Fee Waiver or Credit Card offers that are made by NAB from time to time) are independent from this NAB Home Loan Refinance Cash Bonus offer and customers can benefit from multiple NAB offers (subject to the eligibility criteria and terms and conditions of those other offers).

A variation of an existing NAB Home Loan with no new lending over $250,000 which results in a new account number does not qualify as an eligible refinance for the purposes of the Cash Bonus.

Terms, conditions, fees, charges, eligibility criteria and lending criteria apply for all NAB products (available on request).

NAB may vary or withdraw this Cash Bonus offer at any time without notice.

Correct as at 6 July 2021