NAB drops interest rates on its Tailored Home Loan by up to 1.08%

By Jasmine Gearie · · 1 min read
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NAB is the first of the Big Four banks to drop interest rates on select home loans this year, with a cut of up to 1.08% now available on some of its variable home loans.

Owner occupiers who are paying principal and interest (P&I) or interest only (IO), with a loan-to-value ratio (LVR) between 70-80% now have access to rates that have fallen by as much as 0.78%.

For borrowers with 70% LVR, it means NAB’s Tailored Home Loan has a new variable interest rate starting at 6.79% p.a. (6.87% p.a. comparison rate*).

Select NAB investor home loans have benefited from a larger drop of 1.08%. This means variable rates for investors paying principal and interest or interest only with an LVR of less than 70% now have rates starting from 7.09% p.a. (7.17% p.a. comparison rate*).

Here’s a look at exactly what’s changed.

ProductOld rateNew rateChange
Owner occupier, P&I, <70% LVR7.57% p.a.
6.79% p.a.-0.78%
Owner occupier, P&I, 70-80% LVR7.77% p.a.6.99% p.a.-0.78%
Owner occupier, IO, <70% LVR8.04% p.a.7.26% p.a.-0.78%
Owner occupier, IO8.24% p.a.7.46% p.a.-0.78%
Investor, P&I, <70% LVR8.17% p.a.7.09% p.a.-1.08%
Investor, P&I8.37% p.a.7.29% p.a.-1.08%
Investor, IO, <70% LVR8.37% p.a.7.29% p.a.-1.08%
Investor, IO8.57% p.a.7.49% p.a.-1.08%

While the rate drops are good news for new and existing NAB borrowers, it is still important to compare home loans before committing to any lender.

Right now the current average variable home loan rate in Mozo's database is 6.83% p.a., but a number of lenders offer rates well below this – see some deals below.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more home loans here.
Last updated 5 December 2025 Important disclosures and comparison rate warning*
What are your home loan needs?
Loan purpose
Buying or Refinancing
  • Promoted

    Unloan Variable Home Loan

    • Owner occupier
    • Principal & Interest
    • 20% min deposit
    • Redraw available
    Interest rate
    5.19 % p.a.
    Variable
    Comparison rate
    5.10 % p.a.
    Initial monthly repayment
    $2,742
    Go to site
    • The first home loan with an automatic loyalty discount (conditions apply)
    • No application or banking fees
    • Built by CommBank

  • First Home Buyer Loan

    • Owner occupier
    • Principal & Interest
    • 5% min deposit
    • For first home buyers
    • Offset available
    • Redraw available
    Interest rate
    4.99 % p.a.
    Variable
    Comparison rate
    5.04 % p.a.
    Initial monthly repayment
    $2,681
    Go to site
    • Competitive interest rate – 4.99% p.a. (comparison rate* 5.04% p.a.)
    • Offset account to reduce interest and save on repayments
    • No establishment or monthly fees, plus valuation fees waived up to $1,000 (limited time)

  • Unloan Variable Home Loan

    • Owner occupier
    • Principal & Interest
    • 20% min deposit
    • Redraw available
    Interest rate
    5.19 % p.a.
    Variable
    Comparison rate
    5.10 % p.a.
    Initial monthly repayment
    $2,742
    Go to site
    • The first home loan with an automatic loyalty discount (conditions apply)
    • No application or banking fees
    • Built by CommBank

  • Discount Great Rate Home Loan

    • Owner occupier
    • Principal & Interest
    • 20% min deposit
    • Redraw available
    • Cashback
    Interest rate
    5.19 % p.a.
    Variable
    Comparison rate
    5.20 % p.a.
    Initial monthly repayment
    $2,742
    Go to site
    • Get up to $3,000 cashback when you apply online (T&Cs apply)
    • No paperwork or payslips required (see site for details)
    • Low variable rate

  • Variable Home Loan 90

    • Owner occupier
    • Principal & Interest
    • 10% min deposit
    • Offset available
    • Redraw available
    Interest rate
    5.29 % p.a.
    Variable
    Comparison rate
    5.33 % p.a.
    Initial monthly repayment
    $2,773
    Go to site
    • No monthly or ongoing fees
    • Option to add an offset for 0.10% p.a.

  • Offset Home Loan

    • Owner occupier
    • Principal & Interest
    • 40% min deposit
    • Offset available
    • Redraw available
    Interest rate
    5.39 % p.a.
    Variable
    Comparison rate
    5.42 % p.a.
    Initial monthly repayment
    $2,805
    Go to site
    • No ongoing monthly loan maintenance fees to pay.
    • Pre-approval valid for 3 months
Showing 5 results from 380 home loans. Use the filters to see more

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* 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.

** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

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