1Discount Offer Terms and Conditions
The Discount Offer ("the Offer") is a discount off the advertised Base Variable Rate for Home Loans indicator rate:
- Where Loan to Value Ratio (LVR) ≤80% the discount is 1.44% p.a.
- Where Loan to Value Ratio (LVR) >80% the discount is 1.24% p.a.
For the purpose of the Offer, Loan to Value Ratio means total NAB home lending divided by the total value of secured property.
The Offer is available on a new Base Variable Rate Home Loan - Principal and Interest home loan of $20,000 or more, for owner occupier borrowers only.
The Offer is available from 7 March 2019 until withdrawn by NAB .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 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 – Principal and Interest 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.
2Comparison rates are based on a 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.
3Maximum 95% loan to value ratio (LVR) for principal & interest owner occupied home loans.
4 NAB Base Variable Rate Home Loan will not be available to applicants who reside overseas (regardless of citizenship) and for applicants who require Foreign Investment Review Board (FIRB) approval to purchase residential property in Australia.
Correct as at 18 March 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. National Australia Bank Limited ABN12004044037 AFSL and Australian Credit Licence 230686 (NAB).