NAB DEFENCE FORCE HOME LOANS

NAB Defence Force Home Loans

Special offer

3.99%* p.a. variable rate (4.09% p.a. variable comparison rate) for a new NAB Defence Force Variable Rate Home Loan of $250,000 or more. Apply by 31 December 2017.

*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.

Our experience makes for a hassle-free application

We’ve been providing Defence Force Home Loans since 1991. For over 25 years, NAB has assisted countless members of the Australian Defence Force with home loan expertise and discounted rates.

As one of the first Defence Home Ownership Assistance Scheme (DHOAS) approved home loan providers, we’re committed to serving those who serve. Whether you are still in the defence force or transitioning out, NAB is there for you.1

You've made your commitment. We've made ours.

We’ve been providing Defence Force Home Loans since 1991. For over 25 years, NAB has assisted countless members of the Australian Defence Force with home loan expertise and discounted rates.

As one of the first Defence Home Ownership Assistance Scheme (DHOAS) approved home loan providers, we’re committed to serving those who serve. Whether you are still in the defence force or transitioning out, NAB is there for you.1

With a NAB DHOAS Subsidised Home Loan, we'll help you:

Save money

Eligible Defence customers with a variable rate NAB Defence Force Home Loan get a minimum of 0.80% off the advertised Variable Rate for Home Loans (Standard Variable Rate)

Pay off your home loan sooner

Make extra repayments on variable rate loans, without incurring any additional fees/charges.

Have repayment certainty

With a fixed rate home loan for 1 to 5 years.2

Have flexibility

Split your borrowing into a fixed rate loan and a variable rate loan.

Access to other benefits

If you include your NAB Defence Force Home Loan in a NAB Choice Package.3

PRODUCTS

NAB Defence Force Home Loan - NAB Choice Package Gives you further benefits and savings on eligible products and services for an annual fee.
NAB Defence Force Home Loan - Variable Interest Rate Offers more flexibility and saves you a minimum of 0.80% p.a. off the advertised Variable Rate for Home Loans (Standard Variable Rate)
NAB Defence Force Home Loan-Fixed Interest Rate Gives you repayment certainty for the fixed period you choose.

DHOAS Eligibility

Details about your eligibility for DHOAS and the application process are available from the Scheme Administrator, the Department of Veterans Affairs (DVA). For more information call 1300 434 627 or visit dhoas.gov.au

Important information

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

1 For full DHOAS eligibility criteria contact the Department of Veterans Affairs.

2 A break fee applies if you repay some or all of your fixed rate loan early. Economic costs payable if you break your fixed rate period.

3 Additional terms, conditions, fees, charges and lending criteria apply to NAB Choice Package (available on request). Annual package fee applies and Choice Package discounts and benefits only apply whilst your loan is part of a NAB Choice Package.

Information current at 01/09/16, subject to change.

Important information

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

1 For full DHOAS eligibility criteria contact the Department of Veterans Affairs.

2 A break fee applies if you repay some or all of your fixed rate loan early. Economic costs payable if you break your fixed rate period.

3 Additional terms, conditions, fees, charges and lending criteria apply to NAB Choice Package (available on request). Annual package fee applies and Choice Package discounts and benefits only apply whilst your loan is part of a NAB Choice Package.

*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 2017, 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 28 September 2017 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.

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