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 expert 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.

Flexible repayments

Choose when you make your repayments – weekly, fortnightly or monthly flexible home loan repayment options.

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.

Pay off your loan sooner

Whether you refinance to a fixed or variable home loan, there are opportunities to make extra repayments.

2 year fixed rate home loan

This offer is for new Owner occupierAn owner-occupier owns the home they live in which is used as their primary residence. They don’t rent out the home or use it for investment purposes. , principal and interest home loans where the customer takes a 2 year fixed rate NAB Tailored Home Loan and has a deposit of 30% or more of the property value (maximum permitted loan to value ratio of 70%).

2 year fixed rate

6.59 % p.a.

Comparison rate

7.45 % p.a.

Application fee

$ 0

Monthly service fee

$ 8 monthly

For more information on comparison rates and the fees and charges that can apply please refer to our Important Information below.

Home of the most satisfied home loan customers of all major banks

First home buyers, upgraders, refinancers, renovators, investors and downsizers – we’ve got a range of loan options and will help you find the home loan that best suits your needs. Our home loan experts will be there every step of the way.

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.

How to refinance your home loan

Find out all you need to know about refinancing your home loan. 

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 loan expert who will help you with your application.

Our most popular home loans

Choose between a no-frills basic variable loan, variable interest rates or fixed interest rates loans.

Help and support

Use our handy guides to help you learn more about your property, managing your home loan and the home loan process.

Contact us for home loan related queries

Book an appointment

Make an appointment to see us at your nearest branch, ask a mobile banker to come to you or ask us to call you back.

Customer Support Tool

Solve problems quickly online with our easy-to-follow guides. Simply select a topic and we’ll direct you to the information you need.

Call us

Speak to a home loan expert about a new or existing home loan.

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

13 78 79

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 August 2022 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, 177KB), opens in new window

Interest rates for home lending