Base Variable Rate Base Variable Rate (Interest Only) (Owner Occupied)
4.10%p.a Basic Variable
About National Australia Bank
Repayments calculated to take into account ongoing monthly and anual fees.
- Monthly repayment*
- rate per annum
Loan to Value Ratio
Borrow up to the maxium of 95% of the value of the property.
Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.
However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.
- Capitalise LMI
For ["Owner Occupied", "Vacant Land"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].
- 1 - 30 years
The level of financial documentaion and credit history required to apply for the loan.
- Full Doc
- Credit History
- Genuine Saving
Save on interest repayments by holding spare cash in an offset account.
- Offset account
Get quick access to cash by drawing on the loan to pay for renovations or other purchases.
- Redraw Facility
- Min Redraw
- Redraw fee
Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.
Some features you may wish to consider include:
- an offset account;
- ability to make extra repayments;
- a redraw facility; and
- linked credit card and savings accounts;
- ability to split your loan between fixed and variable interest rates
- Offset Account
- Redraw Available
- Credit Card
- Internet Banking
- Telephone Banking
- BPay Option
- Portability of Loan
- Professional Pack
- Check Account
- Direct Salary Credit
- Free Transactions
- Minimum Redraw
- Redraw Fee
You can make your repaments Monthly.
- Interest Only Option
- Max Interest Only
- 5 years
Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.
Monthly and annual fees and charges during the loan period.
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
250k Velocity Points Offer New Owner Occupied or Investment Home loan of $250K or more -Have or apply (and are approved) for a NAB transaction account and NAB Credit Card -Must make a salary or equivalent income credit to the NAB Transaction account -Applications submitted by 31 December 2016 and drawn down on or before 31 March 2017. -For this offer, brokers must enter NAB Velocity Points OO Offer" into the application notes. $1,500 Cash Back Offer -New Owner Occupied or Investment Home loan of $250K or more -Have or apply (and are approved) for a NAB transaction account and NAB Credit Card -New NAB Home loan repayments must be paid from the NAB transaction account -Applications submitted by 31 December 2016 and drawn down on or before 31 March 2017. -For this offer, brokers must enter "$1500 NAB Cash Back Offer" into the application notes. MAXIMUM AGGREGATE BORROWING FOR NAB WITH LMI REQUIRED $2.5M. WITHOUT LMI: 5M. NAB Base Variable Rate Home Loans offer a low rate and no ongoing monthly fees. Borrowers can also increase repayment frequency and amounts without paying additional fees (unless paid in full during first 4 years). Redraw available, minimum $500. Easily access extra cash if ahead of scheduled repayments. Repayment Holiday available, borrowers can take a break from repayments if ahead of scheduled repayments. 5 years interest only available (paid monthly in arrears) for investors and owner-occupiers. Not available for Low Doc process. Not available with Choice Package. CASH OUT: No specific limitations on the maximum cash out amount permitted. Brokers must ensure the loan purpose meets acceptable home lending requirements. Documentary evidence is required for any of the following - Loan to Valuation ratio (LVR) exceeds 80%; Cash out / equity release is greater than $250,000. Where verification is required, documentary evidence must be provided and must verify at least 80% (decreased from 100%) of the loan amount. Documentary evidence can include (but is not limited to): Written professional advice, Quotes / Invoices, Sale Contracts Cash-out from 18 June 2016 - Loan to Value Ratio (LVR) exceeds 80%, or - Cash out is greater than (>) $250,000 - This criteria does not apply to Line Of Credit (Peak Performance) facilities. Foreign Applicant Policy from 18 June 2016 - Foreign Currency PAYG (Base) Income for Full Time / Part Time or Contract employees will be accepted. Note: Other Foreign currency income that is uncertain (eg: Overtime, Bonus, etc), rental and other income sources will not be accepted. - Applications will need to evidence some existing AUD Income to be eligible for home lending application purposes. - Greater clarity will be provided on when Product / LVR Restrictions are to apply based on customer application scenarios.
No Genuine Savings under 90% LVR, where LVR is greater than 90% NAB will require 5% Genuine savings.