Why refinance your home loan with us?

There are many reasons you may want to refinance your home loan, but here are some benefits of refinancing with NAB.

Get started online

Our home loan specialists can answer any queries you may have and will guide you through the process of switching your loan to NAB.

Access powerful new features

Get access to a host of home loan features like 100% offset account, fee-free redraw on variable loans and the NAB Mobile App.

Unlock your equity

Use our tools and calculators to help you understand how much equity you can unlock in your property and how you can use it.


Enjoy a $2000 refinance bonus

Make your move a little easier with a $2000 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on new refinances of $250,000 or more and drawdown must occur from 7 September 2020 until the time the offer is withdrawn.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.

Tools and calculators

Do some preparation with our handy tools and calculators to help you choose a loan and decide how much you can afford to borrow and repay.

Refinancing at a glance

What is refinancing?

  • Refinancing is the process of taking out a new mortgage to replace an existing loan. While this can be with the same lender, it often involves switching to another bank.

  • It might be time to think about switching your loan if you have been thinking about moving home or renovating. Refinancing could also give you access to additional features like an offset account or a lower interest rate.

Reasons to refinance your existing home loan

  • To get a better interest rate or different features and add-ons such as redraw facilities or flexible payments.

  • To use the equity in your home to borrow money to renovate or improve your lifestyle with a new car or holiday.

  • To consolidate debts such as a personal loan, car loan or credit card into your mortgage so it’s easier to manage your finances.

Steps to refinance your home loan

Refinancing your home loan is a big decision, and it can be a complex process. Perhaps you need a different product to suit your needs? Or maybe you’d like to switch your home loan to another bank? No matter why you’re refinancing, here are some of the considerations.

1. Work out what you need from your home loan

Are you unhappy with the loan you have? Perhaps you’re looking at changing which bank holds your home loan. Whatever the reason, it’s important to think about what features and benefits you need and what matters most to you about your loan.

2. Compare our home loan products and offers

Once you have an idea of why you want to refinance, you’ll need to decide on the product that will suit you best. As a first step you can compare our range of home loans, and if you’re new to NAB, you should check if you’re eligible for any of our home loan offers.

3. Understand the costs involved in switching your loan

Some changes to loans will involve fees. This could include break costs, exit fees and application fees, and may be charged by NAB or another bank. You may also want to see whether your borrowing power has changed since your last application.

Ready to get started?

When you’re ready to apply, you can book an appointment online or request a call from a NAB home lending specialist who will help you with your application.

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

Important information

NAB’s Home loan products are not available to applicants who reside overseas (regardless of citizenship) and/or for applicants who require Foreign Investment Review Board (FIRB) approval to purchase residential property in Australia.

NAB’s Fixed Rate Home Loan products do not come with an interest offset facility.

Information and rates are correct as at 22 March 2020 and 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).

Personal Banking Fees - A guide to fees and charges (PDF, 356KB), opens in new window

Interest rates for home lending

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