Base Variable Rate Base Variable Rate (Principal & Interest) (Owner Occupied)
4.17%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 and Vacant Land in NSW, NT, QLD, SA, WA, VIC, TAS, and 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 repayments Fortnightly, Monthly, and Weekly.
- Interest Only Option
- Max Interest Only
- 0 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
$350,000 NAB Rewards Points offer. To be eligible, customers must: - Apply for a new NAB Home Loan of $250,000 or more by 31 August 2017, be approved, and drawdown by 30 November 2017; and - At home loan drawdown, and at the time the NAB Rewards Points are credited, one home loan applicant must be a primary cardholder of any NAB Rewards Credit Card; and - At home loan drawdown, the primary (first named) home loan applicant must hold a personal NAB Transaction Account - Joint applicants: This offer is limited to a maximum of 350,000 NAB Rewards Points per customer and per Home Loan application. This means, if there is more than one applicant and one applicant receives the 350,000 NAB Rewards Points, all applicants are deemed to have received the Rewards Points. If youre a joint home loan applicant, the NAB Rewards Points will be issued to the primary cardholder or, where there are multiple primary cardholders, the Rewards Points will be awarded to the primary (first named) home loan applicant within 90 days of home loan drawdown. 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.
Max LVR is 95% including LMI capitalisation. LMI payable for LVR greater than 80%. Refinance and Debt Consolidation can be considered up to 95% LVR on a case by case basis.
No Genuine Savings under 90% LVR, where LVR is greater than 90% NAB will require 5% Genuine savings.