NAB home loans
NAB's overall rating for home loans is
6.4(as rated by the Mozo community)
NAB offers the following home loans
| Product | Rate | Fixed Rate (3 year) | Comparison Rate* | Initial Minimum Monthly Repayment | Total Interest & Fees** | |
|---|---|---|---|---|---|---|
| Flexiplus Mortgage | 7.39% | 7.67% | $2,196 | $365,866 | Proceed | |
| Flexiplus Mortgage (Choice Package) | 7.24% | 7.60% | $2,166 | $360,171 | Proceed | |
| Tailored Home Loan | 7.24% | 7.41% | $2,166 | $353,896 | Proceed | |
| Introductory Rate - 1 yr fixed | 6.54% fixed for 12 months and then 7.24% | 7.33% | $2,033 | $351,239 | Proceed | |
| Tailored Home Loan (Fixed) | 7.05% | 7.33% | $2,130 | $351,187 | Proceed | |
| Clear Banking Home Loan | 7.24% | 7.28% | $2,166 | $350,546 | Proceed | |
| Tailored Home Loan (Fixed) | 6.95% | 7.30% | $2,111 | $350,074 | Proceed | |
| Introductory Rate - 1 yr variable | 6.15% variable for 12 months and then 7.24% | 7.29% | $1,961 | $349,738 | Proceed | |
| Introductory Rate - 3 yr fixed | 6.75% fixed for 36 months and then 7.24% | 7.26% | $2,073 | $348,442 | Proceed | |
| Introductory Rate - 3 yr variable | 6.44% variable for 36 months and then 7.24% | 7.17% | $2,014 | $344,965 | Proceed | |
| Tailored Home Loan (Fixed, Choice Package) | 6.95% | 7.09% | $2,111 | $329,206 | Proceed | |
| Tailored Home Loan (Fixed, Choice Package) | 6.85% | 7.06% | $2,092 | $328,112 | Proceed | |
| Tailored Home Loan (Choice Package) | 6.64% | 7.00% | $2,052 | $325,808 | Proceed | |
| Home Equity Line of Credit | 6.72% | 6.94% | $2,067 | $325,566 | Proceed | |
| Base Variable Rate Home Loan | 6.74% | 6.80% | $2,071 | $322,202 | Proceed | |
| Base Variable Rate Home Loan | 6.74% | 6.80% | $2,071 | $322,202 | Proceed | |
| Tailored Home Loan (Choice Package) | 6.54% | 6.90% | $2,033 | $320,163 | Proceed |
*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for $150,000 over 25 years, and applies only to this example. Fixed rate loans assume a 3 year fixed term. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
**Total interest and fees over 25 years
NAB is focusing on providing smarter banking services and making local banking easier. Recent NAB initiatives include a range of low-fee and fee-free everyday banking accounts and faster turnaround
on personal loan, home loan and credit card approvals. Their overarching motivated is to make a positive and sustainable impact in the lives of their customers and communities.
Reviews of NAB home loans
| B j from Queensland, a NAB home loan customer. | 5Overall Rating | ||
| Be aware that the extra cost of the required income protection and other insurances is not mentioned a part of the overall loan establishment costs. Reviewed 1 day ago |
|
| A Mozo reviewer from Western Australia, a NAB home loan customer. | 7Overall Rating | ||
| I have no problems with NAB products, however I feel that their customer service is confusing and lets their reputation down. My husband and I have had an investment interest only loan with NAB for the past 5 years. Recently the interest free term expired and we received a letter from NAB stating what our new principle + interest payments would be. My husband decided to ring the bank to find out what options we had in regards to taking out a new interest only period and this is where all the trouble started. The first much delayed email response we had did not answer our queries at all and attempts at a follow up email weren't returned. We then resorted to phoning the bank contact who provided different information to us again - by now we were really confused and just wanted a straight answer! To cut a long story short, we had to ring around to find a banker we could meet with in person to sort out our queries which took a number of days. I feel like for a very simple question, we had to do the a big run-around to get useful response. Reviewed 1 day ago |
|
| A Mozo reviewer from Tasmania, a NAB home loan customer. | 8Overall Rating | ||
| This product is competitive with market interest rates, the offset savings account is fee free, low rate visa as well. Customer service with NAB far exceeds my previous bank, from counter service to telephone. I have switched all my banking and insurance to NAB (or affiliations). The only con I can even remotely see is that Homeside are based in SA, hence inaccessible. However this is a non-issue for me personally. Reviewed 1 day ago |
|
| A Mozo reviewer from Queensland, a NAB home loan customer. | 7Overall Rating | ||
| Easy and manageable. Reviewed 1 day ago |
|
| A Mozo reviewer from Western Australia, a NAB home loan customer. | 4Overall Rating | ||
| Too many fees. Reviewed 14 days ago |
|
How are other NAB products rated by the Mozo community?
| Product Type | Overall | Price | Features | Service | Convenience | Trust |
|---|---|---|---|---|---|---|
| NAB bank accounts | 6.6 829 REVIEWS | 5.8 | 5.5 | 6.4 | 7.0 | 6.6 |
| NAB credit cards | 6.1 1073 REVIEWS | 5.2 | 5.5 | 5.8 | 6.9 | 6.2 |
| NAB home loans | 6.4 677 REVIEWS | 6.2 | 6.1 | 6.1 | 6.9 | 6.0 |
| NAB savings accounts | 7.0 966 REVIEWS | 6.4 | 5.7 | 6.8 | 7.4 | 7.0 |
| NAB personal loans | 5.9 189 REVIEWS | 5.4 | 5.0 | 6.3 | 6.8 | 6.0 |
| NAB term deposits | 6.9 98 REVIEWS | 6.1 | 5.5 | 6.9 | 7.3 | 7.1 |
Other providers of home loans
With so many different home loans on the market now, it's a tough call to pick the best one. Mozo is Australia's online money info zone, with all the objective information you need to make the right home loan choice. You can find and compare NAB home loans with Mozo or check out these other providers.
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