Benefits of our Private Portfolio Package

Enjoy convenience and cost-effectiveness

  • Our one facility and one limit annual package has a fee of $550.
  • No application or monthly service fees.

All your borrowings in one place

  • A single lending limit for home and investment loans.
  • You don’t have to reapply unless you increase your credit limit.

Organise your money your way

  • Have up to 18 sub accounts with a choice of fixed or variable rates.
  • Organise your borrowings, transactions, and savings to suit your goals and needs.

Unlock your equity

  • Borrow up to 90% of the property value. Lenders’ Mortgage Insurance applies if you borrow over 80% of the property value.

Access to money when you need it

  • Withdraw money as you need it up to your approved credit limit (provided the account doesn’t have a fixed rate).
  • Access your accounts using ATMs, Internet and Telephone Banking.
  • Foreign applicants and applicants living overseas please refer to important information section below.

Package benefits

The Private Portfolio Package is provided as part of a NAB Private Portfolio facility.

If you have a Private Portfolio Package for an annual package fee of $550, you will get Private Portfolio Package benefits relating to certain products and services outlined below:

  • while you have a Private Portfolio Facility; and
  • if you’ve asked us specifically to 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.

Annual credit card fee waiver

No annual credit card fees on up to 2 eligible NAB credit card accounts that you include in your package. The eligible cards are any NAB personal credit card except for the NAB Low Rate Premium Card and the NAB StraightUp Card. You can’t include a card in the package if you are a company or the card is a business credit card.

Margin loan interest rate discount

If you include a NAB Margin Loan in your 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 and ATM fees waivers

There are no NAB fees when you access a NAB Portfolio Facility sub account through a NAB ATM or non-NAB ATM in Australia. Other ATM owners within Australia may directly charge at the time of the transaction when you use a non-NAB ATM.

In addition, there are no NAB transaction fees if you access your NAB Portfolio Facility sub accounts through:

  • overseas ATMs (overseas operators may charge you to use their ATMs)
  • electronic funds transfer point of sale machines
  • direct debit
  • BPAY®
  • cheques from a cheque book linked to the sub account.

Insurance benefits

Home insurance benefit

Up to 10% off the standard premium of the following policies when you renew an existing, or apply for a new, eligible policy and tell us at the time of applying that you have a NAB Private Portfolio Package:

  • NAB Home and Contents Insurance
  • NAB Landlord Insurance

Read more important information about the insurance below.

Car insurance benefit

Up to 10% off the standard premium when you renew an existing, or apply for a new NAB Car Insurance policy and tell us at the time of applying that you have a NAB Private Portfolio Package.

Read more important information about the insurance below.

These discounts are not available in conjunction with any other payment discount offers applicable to these policies.

Other Private Wealth packages

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Terms and Conditions

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.

You should consider the relevant Product Disclosure Statement and Financial Services Guide (available on request) before deciding whether to acquire, or to continue to hold, any of our products. Fees and charges are payable. Terms and conditions apply and are available on request from NAB. Our credit products are subject to eligibility and lending criteria.

NAB Private Portfolio 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.

®BPAY is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.

Insurance

This insurance is only offered in Australia.

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) which is a percentage of your premium and may be entitled to a marketing allowance if certain thresholds are met in agreed periods regarding this insurance. Details are provided in the NAB (AFSL 230686) Financial Services Guide, available in branch, by calling 13 29 28 or at nab.com.au/fsg.

Any advice contained is general only and does not take into account your particular objectives, financial situation or needs (personal circumstances). As a result, you should consider whether any such advice is suitable for your personal circumstances. You may wish to make this assessment yourself or seek the help of an adviser.

Please consult the Policy Document and Product Disclosure Statement (PDS) relating to the product available 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.

Target Market Determinations for these products are available at nab.com.au/TMD.

If you apply for a policy with NAB, or by calling 13 29 28, and tell us at the time of applying that you have a NAB Private Portfolio Package, you are eligible for a discount of up to 10% off the standard premium when you renew an existing, or apply for a new, eligible policy for NAB Home and Contents Insurance, NAB Landlord Insurance, or NAB Car Insurance. These discounts are not available in conjunction with any other payment discount offers applicable to these policies.

Minimum premiums may apply. If you are eligible for more than one discount, Allianz applies them in a predetermined order. This means any subsequent discount will be applied to the reduced premium amount after applying any prior discounts and the effect of the subsequent discount will be reduced. For example, the aggregate effect of applying two 10% discounts consecutively means that you will not see the full benefit of both these discounts.

Discounts do not apply to taxes or government charges.

Discounts do not apply to optional covers for Domestic Workers Compensation / Landlord Workers Compensation, and may not apply to other optional covers (if available and selected).

Any discounts/entitlements may be subject to rounding and may only apply to the extent that any minimum premium is not reached.