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  • NAB Home Equity Line of Credit

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    home loans

    • 6.47%variable

    • 6.60%

    • $8.00Monthly

    • $600

    Rates

    Variable rate
    6.47%
    Intro rate
    none
    Intro rate term
    none
    Intro rate type
    none
    Comparison Rate*
    6.60%
    Fixed 1 year rate
    none
    Fixed 2 year rate
    none
    Fixed 3 year rate
    none
    Fixed 4 year rate
    none
    Fixed 5 year rate
    none
    Fixed 7 year rate
    none
    Fixed 10 year rate
    none
    Fixed loan revert rate
    none

    Fees

    Application fee
    $600.00
    Legal fee
    $
    Valuation fee
    $
    Settlement fee
    $
    Other upfront fee (% of loan)
    none
    Service fee
    $8.00Monthly
    Discharge fee
    $350.00
    Early Exit Fee after 1 year assuming $300,000 loan
    $0

    Features

    Repayment Frequency
    Weekly, Fortnightly, Monthly
    Extra repayments
    n/a
    Repayment holidays
    none
    Redraw facility
    n/a
    Minimum redraw amount
    $
    Split account
    yes
    Offset account
    n/a
    Other restrictions
    none
    Other benefits
    none

    Other financial bits

    Minimum loan amount
    $20,000.00
    Maximum loan amount
    $

    About NAB

    National Australia Bank is one of the big four banks who provide a large variety of financial products to the Australian Community. In recent times NAB has set itself apart from the other big four banks; by expanding their ATM network, removing many fees and maintaining low standard variable home loan rates. NAB’s changes to its financial products have made their home loan, credit card, loans, savings accounts and personal loans more competitive within the banking industry.

    How are NAB home loans rated by the Mozo community?

    Product Type Overall Price Features Service Convenience Trust
    NAB home loans 6.5 Based on 360
    NAB home loan reviews
    6.5 6.2 6.2 7.2 6.3

    Read NAB home loan reviews by the Mozo community

    Latest reviews of NAB Home Equity Line of Credit

      • NAB Home Equity Line of Credit *

        • 6.47%

          variable rate

        • 6.60%

          comparison rate

        NAB Base Variable Rate Home Loan *

        • 6.49%

          variable rate

        • 6.54%

          comparison rate

        * Fees and charges are payable

        Show Rates

        Shocking service

          1. Overall customer rating
          2. (Reviewed about 1 month ago)

        We just do not like this bank, no support during tough times... All we get is just tough talk, wielding the big stick over us constantly. They have unbelievable internal communication problems. We were asked to provide specific information over a ...       Full review 

        We just do not like this bank, no support during tough times... All we get is just tough talk, wielding the big stick over us constantly. They have unbelievable internal communication problems. We were asked to provide specific information over a period of time, so over this time we emailed the info as they requested, only to find it was going to an empty mailbox as the person has quit 3 weeks earlier and no one checked his emails afterwards..


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
        Less
        NAB Home Equity Line of Credit home loan review by Craig from Queensland

        Was this review helpful?

        Yes
      • NAB Home Equity Line of Credit *

        • 6.47%

          variable rate

        • 6.60%

          comparison rate

        NAB Base Variable Rate Home Loan *

        • 6.49%

          variable rate

        • 6.54%

          comparison rate

        * Fees and charges are payable

        Show Rates

        No frills.

          1. Overall customer rating
          2. (Reviewed about 1 month ago)

        It is a great product that meets our needs being a line of credit loan. BUT you can't use the branch for ANYTHING. No deposits, withdrawals, etc. For example, I had to buy a new stove ASAP, as my old one gave up, so I went into the branch (the sto...       Full review 

        It is a great product that meets our needs being a line of credit loan. BUT you can't use the branch for ANYTHING. No deposits, withdrawals, etc. For example, I had to buy a new stove ASAP, as my old one gave up, so I went into the branch (the stove was over $1000, so exceeded my ATM and EFTPOS limit), was told by staff that I did not have rights to withdraw from the account. After phone calls, etc I was told that I DO have rights to withdraw from the account, but I'm not allowed to use a teller. I knew I had rights to the account - it is MY account, but was made to feel embarrassed by the staff until they sorted the problem. There really are no frills at all with this product, other than there is no monthly fee. It's fine most of the time, as I withdraw smaller amounts from the ATM or use EFTPOS, but on those occasions where you need a large amount of money it really lets you down.


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
        Less
        NAB Home Equity Line of Credit home loan review by Jade from South Australia

        Was this review helpful?

        Yes
      • NAB Home Equity Line of Credit *

        • 6.47%

          variable rate

        • 6.60%

          comparison rate

        NAB Base Variable Rate Home Loan *

        • 6.49%

          variable rate

        • 6.54%

          comparison rate

        * Fees and charges are payable

        Show Rates

        Happy with their service and interest rates

          1. Overall customer rating
          2. (Reviewed about 1 month ago)

        We always have that option of redrawing money for renovations or maybe a nice holiday.       Full review 

        We always have that option of redrawing money for renovations or maybe a nice holiday.


          1. Price
          1. Features
          1. Service
          1. Convenience
          1. Trust
        Less
        NAB Home Equity Line of Credit home loan review by Cheryl from Queensland

        Was this review helpful?

        Yes

    *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, based on the loan amount and loan term you entered. 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.

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