National Choice Flexi Plus National Choice Flexi Plus
6.29%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 90% 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 Line of Credit, Bridging, Investment, 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
- Not Required
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 Monthly.
- Interest Only Option
- Max Interest Only
- 30 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 Yearly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
MAXIMUM AGGREGATE BORROWING FOR NAB WITH LMI REQUIRED $2.5M. WITHOUT LMI: $5M. A flexible line of credit for home or investment purposes that borrowers can access any time. With a NAB Choice FlexiPlus Mortgage Facility, borrowers open a NAB transaction account and the FlexiPlus Mortgage is a credit limit (an approved loan limit) attached to it. Borrowers can have all their income paid directly into the transaction account and use the credit limit as much or as little as they choose. Unlimited deposits/repayments. Withdrawals any time, for any amount, up to facility limit. If the line of credit facility is attached to more than one account, borrowers can only withdraw up to the account limit on each account. No principal repayments required unless facility/account limits are reached (or facility cancelled). Interest is charged monthly to the nominated account. Only pay interest on what used. Can deposit salary and other earnings into the account to help save interest. Make repayments as and when you want. (Borrowers need to ensure they have covered any interest charges.) NAB FlexiPlus Mortgage Facility 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.
Max LVR is 90% inclusive of LMI capitalisation. LMI payable for LVR greater than 80%
No Genuine Savings under 90% LVR, where LVR is greater than 90% NAB will require 5% Genuine savings.