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Variable Home Loan Interest Rates

When you sign up for a variable rate home loan, your repayments change as we adjust our interest rates. Variable rates come with benefits including more flexibility.

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


NAB Base Variable Rate Home Loan

NAB Base Variable Rate Home Loan Interest rate Comparison rate1
Principal and Interest 3.45% p.a. 3.49% p.a.
Special offer for owner occupiers, principal and interest
LVR ≤80%2
2.29% p.a. 2.33% p.a.
Special offer for owner occupiers, principal and interest
LVR >80%2
2.99% p.a. 3.03% p.a.
Interest Only 4.02% p.a. 3.70% p.a.

NAB Choice Package – Principal and Interest

NAB Choice Package – Principal and Interest Interest rate Comparison rate1
Less than $250,000 3.92% p.a. 4.32% p.a.
$250,000 to 749,999 3.67% p.a. 4.08% p.a.1
$750,000 and above 3.62% p.a. 4.03% p.a.1

NAB Choice Package – Interest Only

NAB Choice Package – Interest Only Interest rate Comparison rate1
Less than $250,000 4.49% p.a. 4.51% p.a.
$250,000 to 749,999 4.24% p.a. 4.26% p.a.
$750,000 and above 4.19% p.a. 4.21% p.a.

NAB Tailored Home Loan

NAB Tailored Home Loan Interest rate Comparison rate1
Principal and Interest 4.52% p.a. 4.65% p.a.
Interest Only 5.09% p.a. 4.87% p.a.

Fixed Home Loan Interest Rates

When you sign up for a fixed rate loan, your interest remains the same for a specific period. With NAB, you can choose to fix your loan for between one to five years

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


NAB Choice Package – Principal and Interest

NAB Choice Package – Principal and Interest Interest rate Comparison rate1
1 year 2.49% p.a. 4.19% p.a.
2 year 2.59% p.a. 4.09% p.a.
3 year 3.09% p.a. 4.11% p.a.
4 year 3.29% p.a. 4.11% p.a.
5 year 3.49% p.a. 4.15% p.a.

NAB Choice Package – Interest Only in Arrears

NAB Choice Package – Interest Only in Arrears Interest rate Comparison rate1
1 year 3.69% p.a. 4.44% p.a.
2 year 3.69% p.a. 4.37% p.a.
3 year 3.89% p.a. 4.36% p.a.
4 year 3.99% p.a. 4.35% p.a.
5 year 4.09% p.a. 4.35% 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 3.59% p.a. 4.44% p.a.
2 year 3.59% p.a. 4.37% p.a.
3 year 3.79% p.a. 4.36% p.a.
4 year 3.89% p.a. 4.34% p.a.
5 year 3.99% p.a. 4.35% p.a.

NAB Tailored Home Loan – Principal and Interest

NAB Tailored Home Loan – Principal and Interest Interest rate Comparison rate1
1 year 2.59% p.a. 4.47% p.a.
2 year 2.69% p.a. 4.32% p.a.
3 year 3.19% p.a. 4.30% p.a.
4 year 3.39% p.a. 4.27% p.a.
5 year 3.59% p.a. 4.27% p.a.

NAB Tailored Home Loan – Interest Only in Arrears

NAB Tailored Home Loan – Interest Only in Arrears Interest rate Comparison rate1
1 year 3.79% p.a. 4.75% p.a.
2 year 3.79% p.a. 4.65% p.a.
3 year 3.99% p.a. 4.59% p.a.
4 year 4.09% p.a. 4.54% p.a.
5 year 4.19% p.a. 4.51% 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 3.69% p.a. 4.75% p.a.
2 year 3.69% p.a. 4.64% p.a.
3 year 3.89% p.a. 4.59% p.a.
4 year 3.99% p.a. 4.54% p.a.
5 year 4.09% p.a. 4.51% p.a.

NAB Portfolio Facility (no longer for sale to personal banking customers) or NAB Private Portfolio Facility – Interest only in arrears

NAB Portfolio Facility or NAB Private Portfolio Facility – Interest Only in Arrears Interest rate
1 year 2.84% p.a.
2 year 2.94% p.a.
3 year 3.64% p.a.
4 year 3.74% p.a.
5 year 3.84% p.a.

NAB Portfolio Facility (no longer for sale to personal banking customers) or NAB Private Portfolio Facility – Interest only in advance – Residential investment

NAB Portfolio Facility or NAB Private Portfolio Facility – Interest Only in Advance – Residential Investment Interest rate
1 year 2.74% p.a.
2 year 2.84% p.a.
3 year 3.54% p.a.
4 year 3.64% p.a.
5 year 3.74% p.a.
Overseas borrower and SMSF fixed rates
Overseas Borrower and SMSF Fixed Rates3
See important information

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NAB FlexiPlus Mortgage Facility (new lending restricted to bridging purposes only)

NAB FlexiPlus Mortgage Facility Interest rate
FlexiPlus Mortgage 5.61% p.a.
FlexiPlus Mortgage – Choice Package 5.46% p.a.

NAB Portfolio Facility (no longer for sale to personal banking customers) or NAB Private Portfolio Facility – Variable rate

NAB Portfolio Facility or NAB Private Portfolio Facility – Variable Rate Interest rate
$250,000 to $499,999 5.03% p.a.
$500,000 to $999,999 4.93% p.a.
$1,000,000 and above 4.83% 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 28 May 2021. Under the Offer, eligible 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:

  • 2.10% p.a. where Loan to Value Ratio (LVR) ≤80%
  • 1.40% 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:

  • 2.12% p.a. where Loan to Value Ratio (LVR) ≤80%
  • 1.57% 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:

  • 1.77% 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 27 October 2021 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 including refinances. 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 borrowers who reside outside Australia.

3 Overseas Borrower and SMSF Fixed Rates (PDF, 47KB)

Fees and charges are payable. Terms, conditions and lending criteria apply. Rates and information current as at 6 December 2021 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, 48KB)

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, 6 December 2021. 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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