Refinancing online is quick and easy. Your online application for conditional approval can take as little as 20 minutes.
Get access to a host of home loan features like 100% offset account, fee-free redraw on variable loans and the NAB Mobile App.
Use our tools and calculators to help you understand how much equity you can unlock in your property and how you can use it.
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 between 7 September 2020 and 31 July 2021, unless extended.
See important information including eligibility and lending criteria in the terms and conditions below.
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.
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 you need more funds for home renovations? Or maybe you’d like to move your home loan over to another bank? No matter why you’re refinancing, there are some things you’ll need to consider before you make up your mind.
Are you unhappy with the loan you have, the interest rate or whether it’s a variable or fixed loan? Perhaps you’re looking at a whole change with which bank holds your 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.
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 bringing your loan from another bank, you might also like to check if you’re eligible for any of our home loan offers.
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 – depending on your situation. You may also want to see whether your borrowing power has changed since your last application. To discuss fees involved or your borrowing power further, you can speak with our lending specialists at 13 78 79 or by visiting your local NAB branch.
When you’re ready, you can submit a refinance application online easily. Once your application is submitted, you’ll hear from a specialist to discuss the process further.
Our home loan calculator allows you to calculate what your loan repayments could be, based on the type of loan you choose.
Get an idea of how much equity you might have in your current home and how you could use it.
Whether you’re buying, renovating, upgrading or paying off your home loan, read our top property tips.
Pay no ongoing monthly fees with our simple, low-rate home loan.
A home loan with a discounted variable rate and a 100% offset account.
Lock in your interest rate and enjoy the certainty of fixed repayments.
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, 517KB) Interest rates for home lending
*Refinance Bonus Terms and Conditions
To be eligible for the $2,000 NAB Home Loan Refinance Cash Bonus (Cash Bonus), customers need to be refinancing an existing loan of $250,000 or more and hold a NAB transaction account at the time of drawdown. Specifically, customers need to meet the following criteria to be eligible for the Cash Bonus:
Other Important Information
Correct as at 12 April 2021
© 2021 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686
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