Variable Home Loan Interest Rates

For more information on comparison rates prefer refer to our important information below.


Tailored Home Loan
NAB Tailored Home Loan Interest rate Comparison rate1
Principal & Interest Interest rate 4.92% p.a. Comparison rate1 5.05% p.a.
Interest Only Interest rate 5.49% p.a. Comparison rate1 5.27% p.a.
choice package - principal & interest
NAB Choice Package – Principal & Interest Interest rate Comparison rate1
Less than $250,000 Interest rate 4.32% p.a. Comparison rate1 4.72% p.a.
$250,000 to 749,999 Interest rate 4.07% p.a. Comparison rate1 4.47% p.a.
$750,000 and above Interest rate 4.02% p.a. Comparison rate1 4.42% p.a.
Choice Package - Interest Only
NAB Choice Package – Interest Only Interest rate Comparison rate1
Less than $250,000 Interest rate 4.89% p.a. Comparison rate1 4.91% p.a.
$250,000 to $749,999 Interest rate 4.64% p.a. Comparison rate1 4.66% p.a.
$750,000 and above Interest rate 4.59% p.a. Comparison rate1 4.61% p.a.
Base Variable Rate
NAB Base Variable Rate Home Loan Interest rate Comparison rate1
Principal & Interest Interest rate 3.85% p.a. Comparison rate1 3.89% p.a.
Special offer for owner occupiers, principal & interest

LVR ≤80%2
Interest rate 3.35% p.a. Comparison rate1 3.39% p.a.
Special offer for owner occupiers, principal & interest

LVR >80%2
Interest rate 3.55% p.a. Comparison rate1 3.59% p.a.
Interest Only Interest rate 4.42% p.a. Comparison rate1 4.11% p.a.

Fixed Home Loan Interest Rates

For more information on comparison rates prefer refer to our important information below.


Nab tailored home loan principal & interest
NAB Tailored Home Loan – Principal & Interest Interest rate Comparison rate1
1 year Interest rate 3.59% p.a. Comparison rate1 4.92% p.a.
2 year Interest rate 3.29% p.a. Comparison rate1 4.75% p.a.
3 year Interest rate 3.39% p.a. Comparison rate1 4.64% p.a.
4 year Interest rate 3.69% p.a. Comparison rate1 4.63% p.a.
5 year Interest rate 3.69% p.a. Comparison rate1 4.54% p.a.
Choice Package - Principal & Interest
NAB Choice Package – Principal & Interest Interest rate Comparison rate1
1 year Interest rate 3.49% p.a. Comparison rate1 4.64% p.a.
2 year Interest rate 3.19% p.a. Comparison rate1 4.51% p.a.
2 year first home buyer special3 Interest rate 3.09% p.a. Comparison rate1 4.49% p.a.
3 year Interest rate 3.29% p.a. Comparison rate1 4.45% p.a.
4 year Interest rate 3.59% p.a. Comparison rate1 4.47% p.a.
5 year Interest rate 3.59% p.a. Comparison rate1 4.42% p.a.
NAB Tailored Home Loan - Interest in Arrears
NAB Tailored Home Loan – Interest Only in Arrears Interest rate Comparison rate1
1 year Interest rate 4.09% p.a. Comparison rate1 5.15% p.a.
2 year Interest rate 3.89% p.a. Comparison rate1 4.99% p.a.
3 year Interest rate 3.89% p.a. Comparison rate1 4.86% p.a.
4 year Interest rate 4.19% p.a. Comparison rate1 4.84% p.a.
5 year Interest rate 4.19% p.a. Comparison rate1 4.75% p.a.
NAB Tailored Home Loan - Interest only in advance - share investment
NAB Tailored Home Loan – Interest Only in Advance – Share investment Interest rate Comparison rate1
1 year Interest rate 3.99% p.a. Comparison rate1 5.15% p.a.
2 year Interest rate 3.79% p.a. Comparison rate1 4.99% p.a.
3 year Interest rate 3.79% p.a. Comparison rate1 4.87% p.a.
4 year Interest rate 4.09% p.a. Comparison rate1 4.84% p.a.
5 year Interest rate 4.09% p.a. Comparison rate1 4.75% p.a.
NAB Tailored Home Loan - Interest in Advance
NAB Choice Package – Interest Only in Arrears Interest rate Comparison rate1
1 year Interest rate 3.99% p.a. Comparison rate1 4.83% p.a.
2 year Interest rate 3.79% p.a. Comparison rate1 4.72% p.a.
3 year Interest rate 3.79% p.a. Comparison rate1 4.63% p.a.
4 year Interest rate 4.09% p.a. Comparison rate1 4.64% p.a.
5 year Interest rate 4.09% p.a. Comparison rate1 4.59% p.a.
NAB Choice Package - interest only in advance share investment
NAB Choice Package – Interest Only in Advance – Share Investment Interest rate Comparison rate1
1 year Interest rate 3.89% p.a. Comparison rate1 4.83% p.a.
2 year Interest rate 3.69% p.a. Comparison rate1 4.72% p.a.
3 year Interest rate 3.69% p.a. Comparison rate1 4.63% p.a.
4 year Interest rate 3.99% p.a. Comparison rate1 4.64% p.a.
5 year Interest rate 3.99% p.a. Comparison rate1 4.59% p.a.
NAB Portfolio Facility/NAB Private Portfolio - Interest only in Arrears
NAB Portfolio Facility / NAB Private Portfolio – Interest Only in Arrears Interest rate
1 year Interest rate 3.94% p.a.
2 year Interest rate 3.84% p.a.
3 year Interest rate 3.84% p.a.
4 year Interest rate 4.04% p.a.
5 year Interest rate 4.04% p.a.
NAB Choice Package - interest only in advance share investment
NAB Portfolio Facility / NAB Private Portfolio Facility – Interest Only in Advance – Residential Investment Interest rate
1 year Interest rate 3.84% p.a.
2 year Interest rate 3.74% p.a.
3 year Interest rate 3.74% p.a.
4 year Interest rate 3.94% p.a.
5 year Interest rate 3.94% p.a.
Overseas borrower and SMSF fixed rates
Overseas Borrower and SMSF Fixed Rates4
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FlexiPlus Mortgage
NAB FlexiPlus Mortgage Facility Interest rate
FlexiPlus Mortgage Interest rate 6.16% p.a.
FlexiPlus Mortgage – Choice Package Interest rate 6.01% p.a.
NAB Portfolio Facility / NAB Private Portfolio Facility Variable Rate
NAB Portfolio Facility / NAB Private Portfolio Facility – Variable Rate Interest rate
$250,000 to $499,999 Interest rate 5.58% p.a.
$500,000 to $999,999 Interest rate 5.48% p.a.
$1,000,000 and above Interest rate 5.38% p.a.

Important information

1 Comparison rates are based on a secured 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.

2 Base Variable Rate Offer

This Base Variable Rate Discount Offer ("Offer") replaces the previous Base Variable Rate discount offer dated 7 March 2019. Under the Offer, eligible residential investor customers may benefit from a discount.

For owner occupier borrowers making principal and interest repayments, the discount off the advertised Base Variable Rate for Home Loans indicator rate is:

  • 1.44% p.a. where Loan to Value Ratio (LVR) ≤80%
  • 1.24% p.a. where Loan to Value Ratio (LVR) >80%

For residential investor borrowers making principal and interest repayments, the discount off the advertised Base Variable Rate for Residential Investment Home Loans indicator rate is:

  • 1.66% p.a. where Loan to Value Ratio (LVR) ≤80%
  • 1.46% p.a. where Loan to Value Ratio (LVR) >80%

For residential investor borrowers making interest only repayments, the discount off the advertised Base Variable Rate for Interest Only Residential Investment Home Loans indicator rate is:

  • 1.36% p.a. where Loan to Value Ratio (LVR) ≤80%

For the purpose of the Offer, LVR or Loan to Value Ratio means the value of the customer’s total NAB home lending divided by the total value of secured property.

The Offer is available from 16 August 2019 until withdrawn by NAB. NAB may vary or end this offer at any time without notice. To be eligible for the Offer, an application must be submitted during the period that the offer is available and then approved, and drawn down within the time period set out in the applicant’s loan offer.

The Offer is available on a new Base Variable Rate Home Loan of $20,000 or more.

The Offer is available for new lending only. The Offer is not available for any variation or change of loan purpose of any existing NAB home loan where a new application is not required, except existing NAB borrowers who apply for an increase in their NAB Base Variable Home Loan of $20,000 or more.

The Offer will permanently cease to apply to any otherwise eligible NAB Base Variable Rate Home Loan on the earlier of:

  • any change to loan purpose or repayment type; or
  • loan ceases to be a NAB Base Variable Rate Home Loan

The Offer is not available in conjunction with any other discount offer that may apply to NAB Home Loans from time to time. Not available to company and trust account holders.

3 Special First Home Buyer Offer Terms and Conditions

The Discount Offer (“the Offer”) is a discount of 0.10% p.a. off the advertised 2 years Package Fixed Rate for Home Loans indicator interest rate, for borrowers making principal and interest repayments.

The Offer is available where the following 4 criteria apply:

  • On a new 2 year fixed rate NAB Tailored Home Loan – Choice Package – Principal and Interest home loans of $150,000 or more
  • For owner occupier first home buyers who have never previously purchased a property; all applicants for the loan must be first home buyers
  • For new purchases of residential properties only, excluding standalone loans for vacant land
  • Maximum Loan to Value ratio (LVR) 90% applies

The Offer is available from 12 July 2019 until withdrawn by NAB (“Offer Period”). NAB may vary or end this offer at any time without notice. To be eligible for the Offer, you must apply during the Offer Period, be approved and settle within the time period set out in your loan offer.

The Offer is not available on NAB Variable Rate Home Loans (including where you change from the fixed rate to a variable rate during the 2 year fixed rate term). The Offer is available for new lending only. The Offer is not available for any loan refinance, variation or change of loan purpose of any existing NAB home loan.

The Offer will permanently cease to apply to any otherwise eligible NAB Home Loan on the earlier of:

  • the conclusion of the 2 year fixed rate term, whether due to expiry of the term or early termination; or
  • any "economic cost event" occurs under the loan (such as early repayment during the fixed rate term; or where you change to another fixed interest rate with a new fixed rate period during the 2 year term); or
  • your loan ceases to be part of a NAB Choice Package

4 Overseas Borrower and SMSF Fixed Rates (PDF, 78KB)

Fees and charges are payable. Terms, conditions and lending criteria apply. Rates and information current as at 16 September 2019 and are subject to change at any time. NAB Tailored Home Loan fees, charges, terms and conditions are available on request. NAB Choice Package fees, charges, terms and conditions. Annual package fee may apply. Choice Package discounts and benefits only apply whilst your loan is part of a NAB Choice Package.

© National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686

View our current advertised 'indicator' rates (PDF, 76KB)

Advertised indicator rates are used to calculate the interest rates, being described in NAB's loan contracts as our "advertised" rates.

Interest rates for new home loan contracts as at Monday, 16 September 2019. Interest rates are used to calculate interest and are the advertised indicator rates for the home loans plus/less any margins

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