NAB Private home | Tailored banking solutions | NAB Private Tailored Package

The NAB Private Tailored Package is an exclusive package for NAB Private clients. It is provided in line with the NAB Private Tailored Package terms and conditions.

For an annual package fee of $750, the package offers a great range of benefits summarised below and also set out in the package terms and conditions.

These benefits are only available:

  • while you have a Private Tailored Package; and
  • if you’ve asked us to specifically include the product or service with the benefit in your package:
    • when you apply for it; or
    • after you apply for it, provided there is no exception set out below to adding an existing product or service to your package.

Foreign applicants / applicants living overseas please refer to Important Information below.

Summary of benefits

Home lending benefits

The lending benefits below apply to the following home lending products if you include them in your package:

You can’t include a loan in this package if already in another type of NAB package or in NAB Employees Choice.

Fee discounts

No application or service fees.

Package discount off your interest rate1.

A package discount off your interest rate. These package discounts are:

  • 0.90%p.a. off the standard variable rate for home loans $750,000 and above2.
  • 0.85% p.a. off the standard variable rate for home loans from $250,000 - $749,9992.
  • 0.60% p.a. off the standard variable rate for home loans from <$250,0002.
  • 0.15% off the NAB FlexiPlus Mortgage rate.

Also, the fixed indicator rates for Private Tailored Package home loans are 0.10% less than the fixed indicator rates for standard home loans for the relevant fixed rate period.

Margin Lending

If you include a NAB margin loan in a NAB Private Tailored Package, there is a 0.20% discount off the advertised National Margin Lending indicator rates (variable and fixed). This benefit is not available in conjunction with any other margin lending special offer or discount. The discount on a fixed rate margin lending facility is not available for a fixed rate period beginning before the facility is included in the package.

Transaction account

With a NAB Classic Banking account as part of your package, you'll pay no monthly account fees.

You'll also be able to link a NAB Platinum Visa Debit card to your account, with the monthly card fee waived for NAB Private clients.

Credit card

No annual credit card fees on up to two eligible NAB credit card accounts that you include in your package. The eligible cards are any NAB personal credit card except for a NAB Low Rate Premium card. (You can’t include a card in the package if you are a company or the card is a business credit card).

Insurance benefits

Home insurance benefit

A 10% discount off the standard premium when you renew an existing, or apply for one of the following home insurance policies and include it in your package:

  • NAB Home Insurance;
  • NAB Home Insurance Essentials; and
  • NAB Residential Investor Insurance

These benefits are not available in conjunction with other special or discount offers applicable to these policies. Read more important information about the insurance.

Car insurance benefit

A 10% discount off the standard premium when renew an existing, or apply for a new NAB Car Insurance policy and include it in your package.
These benefits are not available in conjunction with other special or discount offers applicable to these policies. Read more important information about the insurance.

Important information about the insurance

Allianz Australia Insurance Limited (ABN 15 000 122 850 AFSL 234708) (Allianz) is the insurer and issuer of this insurance. Allianz has entered into a distribution arrangement with National Australia Bank Limited (ABN 12 004 044 937) (NAB). Under this arrangement, NAB is authorised to arrange for the issue of this insurance by Allianz as its agent, not yours. All other services provided by NAB in relation to this insurance are not provided on behalf of Allianz. Neither NAB, nor any of its related bodies corporate, accept liability or guarantee payment of any claim or benefit in respect of this insurance. A policy does not represent a deposit with, or a liability of, nor is guaranteed by either NAB or any of its related bodies corporate.

NAB is paid commission if Allianz issue you with this insurance (including renewals and variations) and may be entitled to a profit share or marketing allowance if certain thresholds are met in agreed periods regarding this and other types of insurance policies entered into under NAB’s arrangement with Allianz. Details are provided in the NAB (AFSL 230686) Financial Services Guide, available in branch, by calling 13 29 28 or at nab.com.au/insurance.

Any advice contained is general only and does not take into account your particular objectives, financial situation or needs (personal circumstances). You may wish to make this assessment yourself or seek the help of an adviser.

As a result, you should consider whether any such advice and the insurance product are suitable for your personal circumstances. Please consult the Policy Document and Product Disclosure Statement (PDS) relating to the product available in branch, by calling 13 29 28 or at nab.com.au/insurance before making any decision about whether to acquire or continue to hold the product. Information about insurance coverage is a summary only and you should read the PDS for full terms, conditions, limits and exclusions that apply. Insurance is subject to eligibility.

Important information

1 If a home loan is in an interest only period, a positive interest only margin will be added to the interest rate, whether or not the home loan is included in the package. This means that during an interest only period, the interest rate will be:

  • if the loan is in the package – the indicator rate less the relevant package discount plus the interest only margin; or
  • if the loan is not in the package - the indicator rate plus the interest only margin.

2 Discounts apply to new home loan contracts issued from the 31st August 2015.

Fees and charges are payable. Terms and conditions apply and are available on request from NAB. Our credit products are subject to normal lending criteria. The NAB Private Tailored Package is subject to eligibility criteria. View our NAB Private Tailored Package Terms and Conditions (PDF, 120KB).

NAB Private Tailored 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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