Packaging benefits

  • 0.85

    discount for variable rate home loans from $250k

  • 395

    annual package fee

  • 0

    application and monthly service fees2

  • 0

    annual credit card fees

More rates and fees information

Home loan interest rate discounts

Discount amount Amount borrowed
0.90% p.a. $750,000 and above
0.85% p.a.
from $250,000 - $749,999
0.60% p.a.
Up to $249,999
Discount off the standard fixed rate1  
0.10% p.a.
Discount off the standard Flexiplus Mortgage rate1  
0.15% p.a.
View Interest rates for home lending  

Benefits and features

Pay one annual fee and benefit

Here are some of the benefits you get to enjoy from your NAB Choice Package for an annual package fee of $395:

  • Potential saving benefits of up to $2726 in your first year4.
  • Get preferential interest rate discounts on home lending products.
  • No application, annual card or monthly service fees.
  • Ability to be offered a NAB credit card of your choice.
  • Obtain insurance benefits to protect your assets. Enjoy interest rate discounts on fixed and variable margin lending products.

Keep in mind: discounts only apply when your products are part of your package.

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Recent changes to the package

New and improved insurance benefits

From 1 August 2016, we’re adding new and improved insurance benefits available on your package:

  • an improved benefit discount of 10% off the standard premium for NAB Home Insurance, NAB Home Insurance Essentials and NAB Residential Investor Insurance.
  • a new 10% discount off the standard premium for NAB Car Insurance.

Discounts apply when you renew an existing, or apply for a new, eligible policy and include the insurance in your package.
You can apply for a policy in a NAB branch via a NAB Banker, or by calling 13 29 28. Read more important information about the insurance.

Foreign applicants / applicants living overseas please refer to Important Information

Savings example

Here are the savings4 for a typical set up which includes:

This scenario is for illustrative purposes only and does not relate to any specific NAB customer or their circumstances. Your annual savings will be less if your loan amount is less than the example below or if you choose principal and interest repayments.

Item First year annual benefits Ongoing Annual Benefits (subsequent years)
No home loan application fees2 $600 -
No monthly service fees on variable rate loans3 $96 $96
Ongoing 0.85% discount on our standard variable rate4 for a $250,000 home loan – (see rates sheet for details) $2,125 $2,125
12 months for 11 on Home and contents insurance, NAB Home Insurance essentials and NAB Residential Investor Insurance5, 6, 7 $50 $50
No annual credit card fee on NAB Qantas Rewards Premium Credit Card (1 per package customer) $250 $250
Potential savings $3,121 $2,521
Less Annual Package Fee ($395) ($395)
Net Annual Benefits $2,726 $2,126

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Important information about the insurance

Allianz Australia Insurance Limited (ABN 15 000 122 850) is the issuer of NAB Home Insurance, NAB Home Insurance Essentials, NAB Residential Investor Insurance and NAB Car Insurance. Information about these insurances are contained in the current relevant Product Disclosure Statements (PDS) or other disclosure documents, copies of which are available upon request by phoning the General Insurance Sales Team on 13 29 28 or on our website at

You should obtain Product Disclosure Statements or other disclosure document relating to these products and consider the disclosure documents before making any decision about whether to acquire or continue to hold the products. Applications for insurance are subject to eligibility criteria.

NAB Home Insurance, NAB Home Insurance Essentials, NAB Residential Investor Insurance and NAB Car Insurance have been branded ‘NAB’ by National Australia Bank Limited ABN 12 004 044 937 AFSL 230686.

National Australia Financial Management Limited (NAFM) (ABN 56 000 176 116) acts as an agent of Allianz and NAFM receives a commission for arranging these insurances. Neither National Australia Bank Limited nor any other company in the National Australia Group, including NAFM, guarantees or accepts liability in respect of NAB Home Insurance, NAB Home Insurance Essentials, NAB Residential Investor Insurance or NAB Car Insurance.

Other important information

View our NAB Choice Package Terms and Conditions (PDF, 250KB)

1 Discounts apply to new home loan contracts issued from 31 August 2015 onwards.

2 $0 Application fee applies to all new Choice Package applications.

3 $8 monthly service fees applies to the Tailored Home Loan not on the Choice Package.

4 Based on the first year savings on a 0.85% p.a. discount on the standard variable rate for a $250,000 NAB Tailored Home Loan when taken as part of NAB Choice Package. Calculation assumes interest only payments are made and no change to the lending value. Your annual savings will be less if your loan amount is less than the example or if you choose principal and interest repayments.

5 Annual insurance premium assumed to be $600 for home and landlord insurance.

6 NAFM receives commission for arranging these insurances. Information about each of these products is found in the relevant Policy Document (Product Disclosure Statement), available by phoning the Insurance hotline on 13 29 28.

7 If you’re eligible for two or more discounts, the second and any subsequent discounts are applied to the premium (and any applicable taxes and government charges) after it had been reduced by the previous discounts. If your premium is below our minimum, then the minimum will apply.

Fees and charges are payable. Terms and conditions apply and are available on request from NAB. Subject to normal lending criteria.

NAB Choice Package will not be available to applicants who reside overseas (regardless of citizenship) and/or for applicants who require Foreign Investment Review Board (FIRB) approval to purchase residential property purchase in Australia.

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