Rates and fees

Special offer rates for owner occupiers making principal and interest repayments. See important information below for eligibility criteria1.

  • 3.99

    variable rate

  • 4.03

    comparison rate

  • 0

    monthly fee

  • 600

    application fee

More rates and fees information

Benefits and features

Pay off your loan sooner

  • Make additional repayments to help you get ahead faster and save interest.
  • Repayments are flexible. They can be made weekly, fortnightly or monthly.

Have easy access to your money

  • If you’re ahead with your repayments you can access funds of $500 and above. Access these funds easily through Internet Banking.

Save money on fees and interest

  • No monthly service fees to add to the overall cost of your home loan.
  • Our great low rates help you save on interest and make a bigger dint in your home loan principal.

Get in your home sooner

  • Borrow up to 95% (Principal & Interest repayments) of the property’s value so you don’t have to wait until you’ve got a bigger deposit2.
  • Lenders Mortgage Insurance applies if you borrow over 80% of the property value.

Overseas applicants

Foreign applicants/applicants living overseas please refer to important information2.

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Important information

Terms and conditions available on application. Except where stated, fees and charges may apply. Subject to normal lending criteria.

Information current at 31 January 2019, subject to change.

1Discount Offer Terms and Conditions

The Discount Offer (“the Offer”) is a discount of 1.24% p.a. off the advertised Base Variable Rate Home Loan - Principal and Interest home loan indicator rate. The Offer is an additional 0.30% p.a. discount off the current advertised rate, or 1.24% p.a. discount off the current indicator rate for NAB’s Base Variable Rate Home Loan – Principal and Interest I Owner Occupier product.

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The Offer is available from 31 January 2019 until withdrawn by NAB.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 Offer Period, approved, and drawn down within the time period set out in the applicant’s loan offer. Any eligible application received during the Offer Period but approved after the Offer Period ends will receive the Offer pricing discount.

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 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.

2Maximum 95% loan to value ratio (LVR) for principal & interest owner occupied home loans.

Comparison rates are based on a loan of $150,000 over a term of 25 years.

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.

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.

Correct as at 18 February 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).

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