SPECIAL OFFER

3.55%* p.a. variable rate (3.65% p.a. variable comparison rate) for a new NAB Defence Force Variable Rate Home Loan of $250,000 or more.

*Includes discount offer. Terms and conditions apply. Fees and charges are payable. See Important Information below for comparison rate warning and discount offer terms and conditions.

View our interest rates as at Monday, 9 September 2019

Important information

1 Rates apply to new home loan contracts only issued from 31 August 2015 onwards. Available for a limited time only.

2 Lower rate applies where you do not apply an offset arrangement to your home loan.

3 *NAB Defence Force Variable Rate Home Loan Discount Offer Terms and Conditions

The NAB Defence Force Variable Rate Home Loan Discount Offer (“Offer”) is a discount of 1.37% p.a. off the advertised Variable Rate for Home Loans (Standard Variable Rate).

The Offer is available on:

  • new NAB Defence Force Variable Rate Owner Occupier Home Loans of $250,000 or more where the borrower is making principal and interest repayments; and
  • existing NAB Defence Force Variable Rate Home Loans, when you increase your limit by $250,000 or more.

The Offer is available from 12 July 2019 until withdrawn by NAB.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 not available on:

  • NAB Defence Force Fixed Rate Home Loans (either during the fixed rate period or when the fixed rate period ends and a variable rate applies);
  • NAB Defence Force Choice Package Home Loan; or
  • any refinance, variation, or change of loan purpose of any existing NAB Defence Force Variable Rate Home Loans (except that the Offer is available for any limit increase, where the amount of the increase is $250,000 or more).

The Offer will permanently cease to apply to any otherwise eligible NAB Defence Force Variable Rate Home Loan upon:

  • a fixed rate applying to the loan. That is, if the borrower subsequently elects to fix the interest rate on a NAB Defence Force Variable Rate Home Loan, that loan will be treated as a NAB Defence Force Fixed Rate Home Loan from that point onwards; or
  • the borrower switches to interest only repayments.

To be eligible for the Offer, a maximum loan to property value ratio (LVR) of 80% applies.

Offset arrangement is not available for any NAB Defence Force Home Loan to which the Offer applies.

The Offer replaces the previous discount offer on NAB Defence Force Variable Rate Home Loans dated 14 June 2019. The Offer may be withdrawn by NAB at any time without notice.

The Offer is not available in conjunction with any other discount offer that may apply to NAB Defence Force Home Loans from time to time.

Rates and information are correct as at 12 July 2019 and subject to change. Terms and conditions apply to all NAB products and are available on application. NAB lending criteria applies. Fees and charges are payable.

Comparison rates are based on a loan of $150,000 over a term of 25 years. WARNING: This comparison rates applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as economic cost & cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

National Australia Bank Limited ABN120040440937 AFSL and Australian Credit Licence 230686.

4 As a NAB Defence Force home loan customer, you get an interest rate discount automatically. If you also take out a Choice Package, we'll give you an additional interest rate discount. The additional discount is not given under the Choice Package terms and conditions.

Comparison rates are based on a loan of $150,000 over a term of 25 years. WARNING: This comparison rates applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as economic cost & cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Please note that the ‘advertised’ rates referred to in our loan contracts are our Indicator rates, which are advertised in national daily newspapers on Mondays. Indicator rates are used to calculate interest rates.

All rates are effective Monday, 9 September 2019 and are subject to change at any time. To find out more, visit nab.com.au, call into a NAB branch or call 13 13 12 for information on personal lending rates or 13 10 12 for information on business lending rates. Terms and conditions, fees and charges, and normal lending criteria apply. Full details of these and relevant terms and conditions are available on application. National Australia Bank ABN 12 004 044 937

We're ready to help you

Call us
Talk to an expert
Enquire online