Base Variable Rate Base Variable Rate (Principal & Interest) (Owner Occupied)

  • 4.17%
    p.a Basic Variable
  • 4.18%
    p.a Comparison**
  • $600
    Upfront fees
  • $0
    Annual fees
  • 95%
    Max LVR
  • $1,880
    Per Month*

About National Australia Bank

National Australia Bank Group is a financial services organisation with over 12,700,000 customers and 42,000 people, operating more than 1,700 stores and business banking centres globally. NAB’s major financial services franchises in Australia are complemented by businesses in New Zealand, Asia, the United Kingdom and the United States. Each brand is uniquely positioned yet built on a common commitment to provide customers with quality products and services, fair fees and charges, and relationships built on the principles of help, guidance and advice.

Basic Variable

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

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Min Redraw
Redraw fee

Banking Features

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 Fees

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.


Ongoing Fees

Monthly and annual fees and charges during the loan period.


Exit Fees

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 you’re 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.

LVR Notes

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.

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided