NAB Home Plus Variable Rate NAB Home Plus Variable Rate $250K-$749K LVR >90% (Interest Only) (Owner Occupied)
4.58%p.a Standard 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 ["Construction", "Owner Occupied", "Vacant Land"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].
- 8 - 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.
- Ongoing Monthly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
PLEASE NOTE: For a limited time, the $600 Application Fee has been waived for all new applications and refinances with aggregate lending of $250,000 and above. Excludes NAB to Nab Broker refinances. 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. Nab Broker Homeplus is a flexible, feature-rich and cost effective solution for a wide range of borrowers. Available as interest only for the first five years only For Existing Loans Interest Only Extensions The process has been simplified when a customer wants to extend an Interest Only period. Instead of signing a new loan contract, customers will simply complete a new section in the Personal or Company consent f
Debt consolidation Max LVR 90% Refinance Applications Max LVR 90%. The following applies for loans with LVR >90%: 1) Minimum twelve (12) months full time employment tenure OR Minimum two years continuous employment in same industry, and 2) CRAA defaults paid (are greater than 6 months old) and accompanied by written customer explanation **In all cases, Maximum LVR is inclusive of any LMI Premium.
For owner occupied loans (Purchase/construction) No Genuine Savings under 90% LVR, where LVR is greater than 90% NAB will require 5% Genuine savings. Genuine savings needs to be evidenced when: LMI applies; The LVR is more than 90% and A system declined decision is overridden to Approved. Genuine savings must be held in the borrowers names and can include: - Funds held or accumulated in a savings account or term deposit for 3 months or more. - Equity in residential property. - Shares held for 3 months or more - After tax bonus payments from employer
Rate Lock Fee: 0.15% of approved facility limit, rounded to the nearest $10 - minimum $50. $300 Variation Fee applies for each application to increase a facility limit or change the security - including discharge of mortgage. Property value > $2.5M a special val fee is payable for each property which has an estimated market value of $2.5M or more. Legal service fee and Government fees and charges may be payable and will be disclosed in contract.