NAB rate cut: Big bank takes lead on investor home loans

By Katherine O'Chee · · 2 min read
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Sprinting man wins race

As competition in the home loan market continues to heat up, NAB has cranked things up a notch. The bank’s move this week to slash variable rates for investors has made its offer the best among the big four.

The interest rate for the NAB Base Variable Rate Home Loan now sits at 3.09% (3.09% comparison rate*) for investors with a loan-to-value ratio (LVR) of 80% or less and making principal and interest repayments. 

For context, LVR refers to the percentage of property value you’re borrowing from the bank. So if you’ve saved up a 20% deposit, then your LVR would be 80%.

NAB’s five-basis point cut places it just ahead of ANZ’s rate of 3.12% (3.16% comparison rate*), available on its Simplicity PLUS home loan for investors with a maximum LVR of 80%. 

NAB’s latest rate reduction also further widens its gap with Westpac and Commonwealth Bank: 

  • The Westpac Flexi First Option Investment Loan has a rate of 3.19% (3.20% comparison rate*) for investors with a 70-90% LVR. However if your LVR is 70%, you can snag a rate of 3.09% (3.10% comparison rate*), which is as low as NAB’s.
  • Meanwhile, the CommBank Extra Home Loan has a rate of 3.27% (3.28% comparison rate*) for investors with a maximum LVR of 80%. That’s a 18 basis point difference with NAB.

How does NAB compare to market leading rates?

Right now, NAB’s offer is 73 basis points less than the average variable investor rate in the Mozo database which sits at 3.82%. 

However, if you’re after the sharpest rates in the market, then the big bank may not be your best bet. The top variable investor rate according to Mozo is 2.59% (2.63% comparison rate*) through Easy Street. 

Besides Easy Street, there are also plenty of other smaller banks with more competitive rates than NAB. In fact, 27 lenders in the Mozo database currently offer variable investor rates below 3.00%.

Property investment: Is now a good time to buy?

It’s true rent prices across Australia have been dropping over the past several months due to lower rental demand amid COVID-19, and that may have dampened the mood of some investors. It also demands that a prospective investor do their homework and get some sound financial advice first.

But it’s not all bad news. For one, there are many more opportunities on the table for keen investors to snatch up a stellar rate.

Case in point: as of August 2020, the average variable rate for investors making principal and interest repayments is 3.82%. Go back exactly three years and you would have been looking at an average as high as 4.90%.* 

Interested in taking advantage of some of the lowest investor rates we’ve seen in years? Scroll down below for a snapshot of what’s on offer, or jump over to our investment property loans comparison table for even more options.

Last updated 22 June 2025 Important disclosures and comparison rate warning*
What are your home loan needs?
Loan purpose
Buying or Refinancing
  • Promoted

    Unloan Variable Home Loan

    • Investor
    • Principal & Interest
    • 20% min deposit
    • Redraw available
    Interest rate
    5.69 % p.a.
    Variable
    Comparison rate
    5.60 % p.a.
    Initial monthly repayment
    $2,899
    Go to site
    • The first home loan with an increasing discount (conditions apply)
    • No application or banking fees
    • Built by CommBank
  • Promoted

    Fixed Rate Home Loan

    • Fixed rate
    • Investor
    • Principal & Interest
    • 10% min deposit
    Interest rate
    5.74 % p.a.
    Fixed 2 years
    Comparison rate
    5.93 % p.a.
    Initial monthly repayment
    $2,915
    Go to site
    • Extra payments allowed (fee applies)
    • No valuation fees
  • Promoted

    Variable Offset Home Loan

    • Investor
    • Principal & Interest
    • 10% min deposit
    • Offset available
    • Redraw available
    Interest rate
    5.89 % p.a.
    Variable
    Comparison rate
    6.09 % p.a.
    Initial monthly repayment
    $2,962
    Go to site
    • $0 application fee to pay
    • Apply in as little as 15 minutes

  • Fixed Home Loan

    • Fixed rate
    • Investor
    • Principal & Interest
    • 10% min deposit
    • Redraw available
    • Cashback
    Interest rate
    5.49 % p.a.
    Fixed 2 years
    Comparison rate
    6.00 % p.a.
    Initial monthly repayment
    $2,836
    Go to site
    • Get up to $4,000 cashback (T&Cs apply)
    • Up to 12 months repayments in advance without penalties
    • Split loan available

  • Flex Home Loan

    • Fixed rate
    • Investor
    • Principal & Interest
    • 40% min deposit
    • Offset available
    • Redraw available
    Interest rate
    5.53 % p.a.
    Fixed 2 years
    Comparison rate
    5.94 % p.a.
    Initial monthly repayment
    $2,848
    Go to site
    • Multiple offset accounts available
    • Free extra repayments
    • Easy redraw facility

  • Fixed Basic Home Loan

    • Fixed rate
    • Investor
    • Principal & Interest
    • 20% min deposit
    • Redraw available
    Interest rate
    5.59 % p.a.
    Fixed 2 years
    Comparison rate
    5.87 % p.a.
    Initial monthly repayment
    $2,867
    Go to site

  • Fixed Offset Home Loan

    • Fixed rate
    • Investor
    • Principal & Interest
    • 10% min deposit
    • Offset available
    • Redraw available
    Interest rate
    5.59 % p.a.
    Fixed 2 years
    Comparison rate
    6.04 % p.a.
    Initial monthly repayment
    $2,867
    Go to site
    • $0 application fee to pay
    • Additional repayments up to $20,000/year
    • Apply in as little as 15 minutes

  • Unloan Variable Home Loan

    • Investor
    • Principal & Interest
    • 20% min deposit
    • Redraw available
    Interest rate
    5.69 % p.a.
    Variable
    Comparison rate
    5.60 % p.a.
    Initial monthly repayment
    $2,899
    Go to site
    • The first home loan with an increasing discount (conditions apply)
    • No application or banking fees
    • Built by CommBank

  • Solar Home Loan

    • Investor
    • Principal & Interest
    • 10% min deposit
    • Offset available
    • Redraw available
    Interest rate
    5.69 % p.a.
    Variable for 60 months and then 6.23% p.a.
    Comparison rate
    6.03 % p.a.
    Initial monthly repayment
    $2,899
    Go to site
    • Unlimited additional repayments
    • Option offset sub-account
    • No ongoing fees to pay

  • Neat Home Loan

    • Investor
    • Principal & Interest
    • 40% min deposit
    • Redraw available
    Interest rate
    5.74 % p.a.
    Variable
    Comparison rate
    5.76 % p.a.
    Initial monthly repayment
    $2,915
    Go to site
    • Free extra repayments
    • Easy redraw facility
    • No annual fee to pay

  • Fixed Rate Home Loan

    • Fixed rate
    • Investor
    • Principal & Interest
    • 10% min deposit
    Interest rate
    5.74 % p.a.
    Fixed 2 years
    Comparison rate
    5.93 % p.a.
    Initial monthly repayment
    $2,915
    Go to site
    • Extra payments allowed (fee applies)
    • No valuation fees

  • Flex Home Loan

    • Investor
    • Principal & Interest
    • 40% min deposit
    • Offset available
    • Redraw available
    Interest rate
    5.74 % p.a.
    Variable
    Comparison rate
    5.98 % p.a.
    Initial monthly repayment
    $2,915
    Go to site
    • Multiple offset accounts available
    • Free extra repayments
    • Easy redraw facility

  • Variable Investor Home Loan

    • Investor
    • Principal & Interest
    • 10% min deposit
    • Offset available
    • Redraw available
    Interest rate
    5.84 % p.a.
    Variable
    Comparison rate
    5.88 % p.a.
    Initial monthly repayment
    $2,947
    Go to site
    • No monthly or ongoing fees
    • Option to add an offset for 0.10% p.a.

  • Variable Basic Home Loan

    • Investor
    • Principal & Interest
    • 20% min deposit
    • Redraw available
    Interest rate
    5.89 % p.a.
    Variable
    Comparison rate
    5.93 % p.a.
    Initial monthly repayment
    $2,962
    Go to site
    • $0 application fee to pay
    • Only 10% deposit required
    • Apply in as little as 15 minutes

  • Variable Offset Home Loan

    • Investor
    • Principal & Interest
    • 10% min deposit
    • Offset available
    • Redraw available
    Interest rate
    5.89 % p.a.
    Variable
    Comparison rate
    6.09 % p.a.
    Initial monthly repayment
    $2,962
    Go to site
    • $0 application fee to pay
    • Apply in as little as 15 minutes
Showing 12 results from 413 home loans. Use the filters to see more

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*Data drawn from home loan statistics page, as of 13 August 2020.

* 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.

^See information about the Mozo Experts Choice Home Loan Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.

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