Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
|
|
Owner Occupier | Principal & Interest | < 70% | $20,000 | |
|
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Owner Occupier | Principal & Interest | 70%-95% | $20,000 | |
|
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Owner Occupier | Interest Only | < 70% | $20,000 | |
|
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Owner Occupier | Interest Only | 70%-80% | $20,000 | |
|
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Investor | Principal & Interest | < 70% | $20,000 | |
|
|
Investor | Principal & Interest | 70%-95% | $20,000 | |
|
|
Investor | Interest Only | < 70% | $20,000 | |
|
|
Investor | Interest Only | 70%-80% | $20,000 |
If you were looking for a fixed rate home loan that doesn’t leave you feeling locked in, the NAB Tailored Home Loan is well worth a look. There are a number of term lengths available, so you can lock in for as little as 1 year or as many as 5. And with the option to make free extra repayments up to $20,000 during the fixed term and take a repayment holiday, there’s plenty of wiggle room. On top of this, NAB is waiving its $600 home loan application fee.
The NAB Tailored Home Loan lets buyers lock in fixed terms of up to 5 years, with a number of rates under the 6% mark available. There are options for both owner occupiers and investors looking to pay principal and interest or interest only.
Interest rates for investors start at 6.74% for the 2 year fixed term (7.10% comparison rate*).
Repayments can be made weekly, fortnightly or monthly, and if you want to pay down your loan faster you’ll be able to make up to $20,000 of free extra repayments over the length of the fixed term. The lack of redraw facility means you won’t be able to retrieve those funds though.
You’ll be able to borrow up to 95% of a property’s value, making this a good option for first home buyers looking to hoist themselves up the property ladder. And if your life circumstances change and you need a short repayment holiday, that option is available to you, just as long as you’ve been making extra repayments.
This one would appeal to borrowers looking for a high value home loan from a big bank. Owner occupiers should keep an eye out for the 3 and 4 year rates, which offer more value when you take into account fees and other charges.
Along with a couple of one-off fees at the start and end of the loan, you’ll also have to spring for the $8 monthly service fee, which will add up to almost $100 a year.
At the end of the fixed term, your rate will revert to the Tailored Home Loan Variable Rate, from 6.79% p.a., so make sure you’ve got a plan in place as your fixed term nears its end. If that revert rate is a bit too much to stomach, you’ll have to refinance or negotiate a better deal with NAB.
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n/a |
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n/a |
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n/a |
|
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n/a |
|
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6.69% (6.87%*) |
|
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6.59% (6.84%*) |
|
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6.59% (6.82%*) |
|
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6.74% (6.86%*) |
|
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6.79% (6.88%*) |
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n/a |
|
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n/a |
|
|
6.79% p.a. |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
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$8.00 monthly |
|
|
$350.00 |
|
$20,000 |
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none |
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|
none |
|
|
70.00% |
|
Weekly, Fortnightly, Monthly |
|
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yes - free up to $20,000 during the fixed rate period |
|
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yes |
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no |
|
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none |
|
|
yes |
|
|
no |
|
|
none |
|
|
33% Discount on Lenders Mortgage Insurance available to First Home Buyers. $600 application fee waived for new home loans. |
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none |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
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n/a |
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n/a |
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n/a |
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n/a |
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6.74% (7.05%*) |
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6.64% (7.01%*) |
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6.64% (6.98%*) |
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6.79% (7.00%*) |
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6.84% (7.01%*) |
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n/a |
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n/a |
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6.99% p.a. |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$8.00 monthly |
|
|
$350.00 |
|
$20,000 |
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none |
|
|
70.00% |
|
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95.00% |
|
Weekly, Fortnightly, Monthly |
|
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yes - free up to $20,000 during the fixed rate period |
|
|
yes |
|
|
no |
|
|
none |
|
|
yes |
|
|
no |
|
|
none |
|
|
33% Discount on Lenders Mortgage Insurance available to First Home Buyers. $600 application fee waived for new home loans. |
|
|
none |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
|
n/a |
|
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n/a |
|
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n/a |
|
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n/a |
|
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6.89% (6.89%*) |
|
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6.84% (6.89%*) |
|
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6.84% (6.89%*) |
|
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6.89% (6.92%*) |
|
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7.09% (7.01%*) |
|
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n/a |
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n/a |
|
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6.79% p.a. |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
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n/a |
|
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$8.00 monthly |
|
|
$350.00 |
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$20,000 |
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none |
|
|
none |
|
|
70.00% |
|
Monthly |
|
|
yes - free up to $20,000 during the fixed rate period |
|
|
yes |
|
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no |
|
|
none |
|
|
yes |
|
|
no |
|
|
none |
|
|
$600 application fee waived for new home loans. |
|
|
none |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
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6.94% (7.07%*) |
|
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6.89% (7.06%*) |
|
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6.89% (7.05%*) |
|
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6.94% (7.06%*) |
|
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7.14% (7.15%*) |
|
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n/a |
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n/a |
|
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6.99% p.a. |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
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n/a |
|
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$8.00 monthly |
|
|
$350.00 |
|
$20,000 |
|
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none |
|
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70.00% |
|
|
80.00% |
|
Monthly |
|
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yes - free up to $20,000 during the fixed rate period |
|
|
yes |
|
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no |
|
|
none |
|
|
yes |
|
|
no |
|
|
none |
|
|
$600 application fee waived for new home loans. |
|
|
none |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
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6.84% (7.15%*) |
|
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6.74% (7.11%*) |
|
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6.74% (7.08%*) |
|
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6.84% (7.08%*) |
|
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6.89% (7.09%*) |
|
|
n/a |
|
|
n/a |
|
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7.09% p.a. |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$8.00 monthly |
|
|
$350.00 |
|
$20,000 |
|
|
none |
|
|
none |
|
|
70.00% |
|
Weekly, Fortnightly, Monthly |
|
|
yes - free up to $20,000 during the fixed rate period |
|
|
yes |
|
|
no |
|
|
none |
|
|
yes |
|
|
no |
|
|
none |
|
|
$600 application fee waived for new home loans. |
|
|
none |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.89% (7.33%*) |
|
|
6.79% (7.27%*) |
|
|
6.79% (7.23%*) |
|
|
6.89% (7.23%*) |
|
|
6.94% (7.22%*) |
|
|
n/a |
|
|
n/a |
|
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7.29% p.a. |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$8.00 monthly |
|
|
$350.00 |
|
$20,000 |
|
|
none |
|
|
70.00% |
|
|
95.00% |
|
Weekly, Fortnightly, Monthly |
|
|
yes - free up to $20,000 during the fixed rate period |
|
|
yes |
|
|
no |
|
|
none |
|
|
yes |
|
|
no |
|
|
none |
|
|
$600 application fee waived for new home loans. |
|
|
none |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.94% (7.16%*) |
|
|
6.84% (7.13%*) |
|
|
6.84% (7.10%*) |
|
|
7.04% (7.16%*) |
|
|
7.09% (7.18%*) |
|
|
n/a |
|
|
n/a |
|
|
7.09% p.a. |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$8.00 monthly |
|
|
$350.00 |
|
$20,000 |
|
|
none |
|
|
none |
|
|
70.00% |
|
Monthly |
|
|
yes - free up to $20,000 during the fixed rate period |
|
|
yes |
|
|
no |
|
|
none |
|
|
yes |
|
|
no |
|
|
none |
|
|
$600 application fee waived for new home loans. |
|
|
none |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
6.99% (7.34%*) |
|
|
6.89% (7.29%*) |
|
|
6.89% (7.26%*) |
|
|
7.09% (7.30%*) |
|
|
7.14% (7.31%*) |
|
|
n/a |
|
|
n/a |
|
|
7.29% p.a. |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$8.00 monthly |
|
|
$350.00 |
|
$20,000 |
|
|
none |
|
|
70.00% |
|
|
80.00% |
|
Monthly |
|
|
yes - free up to $20,000 during the fixed rate period |
|
|
yes |
|
|
no |
|
|
none |
|
|
yes |
|
|
no |
|
|
none |
|
|
$600 application fee waived for new home loans. |
|
|
none |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
nab have been so helpful for us and our family with acquiring a home loan. It was such an easy process with most of it online. There aren't any cons that I can think of. It's all the same as most banks.
Read full reviewnab have been so helpful for us and our family with acquiring a home loan. It was such an easy process with most of it online. There aren't any cons that I can think of. It's all the same as most banks.
The home loan process was very long and drawn out with NAB. We were made to wait months with little to no communication. Our loan changed hands multiple times. So many mistakes made. Really poor service.
Read full reviewThe home loan process was very long and drawn out with NAB. We were made to wait months with little to no communication. Our loan changed hands multiple times. So many mistakes made. Really poor service.
My bank proactively keeps me informed of any changes and try to give me best rates.
Read full reviewMy bank proactively keeps me informed of any changes and try to give me best rates.
Having taken out a fixed rate mortgage, then AFTER completion finding the monthly payments were $140 more than agreed. Then when challenged the manager, she admitted they hadn’t communicated very well. Still she went on to lie to her boss, saying she had offered us an insurance against the rate going up before completion and we had declined! A COMPLETE AND UTTER LIE. How they get away with blatant theft, I do not know. In 40 years+ of owning property I have NEVER experienced such poor service from a bank.
Read full reviewHaving taken out a fixed rate mortgage, then AFTER completion finding the monthly payments were $140 more than agreed. Then when challenged the manager, she admitted they hadn’t communicated very well. Still she went on to lie to her boss, saying she had offered us an insurance against the rate going up before completion and we had declined! A COMPLETE AND UTTER LIE. How they get away with blatant theft, I do not know. In 40 years+ of owning property I have NEVER experienced such poor service from a bank.
Terrible customer service over the phone for a home loan. Whatever you ask they don’t know and transfer you to the next operator and the only answer that you hear is “I’m not sure”. Make sure don’t borrow.
Read full reviewTerrible customer service over the phone for a home loan. Whatever you ask they don’t know and transfer you to the next operator and the only answer that you hear is “I’m not sure”. Make sure don’t borrow.
Home Value Loan
6.09% p.a. variable
6.09% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Elevate
6.09% p.a.
6.20% p.a.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
