About the NAB Private Tailored Package

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

For an annual package fee of $395, 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 and  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 product 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 rate.

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

  • 0.90% off the standard variable rate for home loans $750,000 and above.
  • 0.85% off the standard variable rate for home loans from $250,000 - $749,999.
  • 0.60% off the standard variable rate for home loans from <$250,000.

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 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).

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 Tailored 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 Tailored 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

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 Tailored 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.