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 *Discount Offer Terms and Conditions
The Discount Offer (“the Offer”) is a discount of 1.25% p.a. off the advertised Variable Rate for Home Loans (Standard Variable Rate).
The Offer is available on:
- new NAB Defence Force Variable Rate Home Loans of $250,000 or more;
- existing NAB Defence Force Variable Rate Home Loans, when you increase your limit by $250,000 or more,
when you apply by 31 December 2018, are approved and settle within the time period set out in your 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), or on NAB Defence Force Choice Package Home Loans, or on 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 Home Loan once a fixed rate applies to that loan. That is, if you subsequently elect 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, and the Offer will permanently cease to apply to that loan from the date a fixed rate first applies to it.
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 is not available in conjunction with any other discount offer that may apply to NAB Defence Force Home Loans from time to time.
Fees and charges are payable. Terms, conditions and lending criteria apply. Rates and information current as at 21 September 2018 and subject to change.
Comparison rate calculated on secured loan amount 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.
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, 12 November 2018 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