7.5/10

Based on 21625 NAB product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

NAB home loans

One of Australia’s big four banks, National Australia Bank is a financial services organisation with a history spanning more than 120 years. It currently provides financial products and services to more than 9 million customers at over 900 locations across Australia, New Zealand and around the world.

If you value a home loan provider with experience, a NAB home loan might be the right choice for you. Below, we’ve compiled all the information you’ll need, from what home loans available and the features you should keep an eye out for to how real NAB customers rate their home loan.

What home loans do NAB offer?

Rates and fees verified as correct at 20 June 2024. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

The fixed rate option from NAB is a great choice if you don’t like any surprises when it comes to home loan repayments. It is available on loans with a minimum amount of $20,000 (up to a maximum 95% LVR) and allows you to lock in a rate from 1 year up to a period of 5 years. You’ll be charged a monthly service fee but you’ll get plenty of flexibility in terms of loan repayment options, including a split loan facility, interest only payment options and the ability to make up to $20,000 in extra repayments during the fixed rate period without incurring any costs. Ensure you only make extra repayments when you can afford it because you won’t have the opportunity to redraw at a later date. For added certainty, you can take advantage of the loan’s rate lock feature, which allows you to secure the quoted interest rate at the time of loan approval for up to 3 months (fees apply).

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

6.89% p.a.

7.05% p.a.

$8.00 monthly

$0

6.84% p.a.

6.89% p.a.

$8.00 monthly

$0

6.64% p.a.

6.98% p.a.

$8.00 monthly

$0

6.59% p.a.

6.82% p.a.

$8.00 monthly

$0

6.89% p.a.

7.26% p.a.

$8.00 monthly

$0

6.84% p.a.

7.10% p.a.

$8.00 monthly

$0

6.79% p.a.

7.23% p.a.

$8.00 monthly

$0

6.74% p.a.

7.08% p.a.

$8.00 monthly

$0

Variable Rate Home Loans

If you prefer a variable home loan, NAB offers a basic, no frills loan or a full featured variable loan with a choice of principal and interest or interest only payment options. NAB’s variable loans are available from $20,000 and allow you to borrow up to 95% of your property’s value. You can choose a repayment frequency (weekly, fortnightly or monthly) to match your pay cycle and make additional repayments whenever you have any spare change. If you need to free up funds in the future, you can use the redraw facility (minimum redraw $500) or opt for a repayment holiday. You will need to pay a monthly service charge with the full featured option but you’ll be able to take advantage of the loan’s offset account to help you save in interest over the term of your loan.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

7.94% p.a.

7.37% p.a.

$0.00

$0

6.84% p.a.

6.88% p.a.

$0.00

$0

7.46% p.a.

7.27% p.a.

$8.00 monthly

$0

7.26% p.a.

7.07% p.a.

$8.00 monthly

$0

6.99% p.a.

7.07% p.a.

$8.00 monthly

$0

6.79% p.a.

6.87% p.a.

$8.00 monthly

$0

6.99% p.a.

7.07% p.a.

$8.00 monthly

$0

8.27% p.a.

7.81% p.a.

$0.00

$0

7.36% p.a.

7.41% p.a.

$0.00

$0

7.49% p.a.

7.46% p.a.

$8.00 monthly

$0

7.29% p.a.

7.26% p.a.

$8.00 monthly

$0

7.29% p.a.

7.37% p.a.

$8.00 monthly

$0

7.09% p.a.

7.17% p.a.

$8.00 monthly

$0

NAB home loan features in a glance

Image of coins

Offset account

Saving on your interest payments is easy with an offset account available as part of NAB’s standard variable loan.

Repayment Icon

Extra repayments

NAB’s fixed and variable loan options have an extra repayment facility (maximum $20,000 for fixed rate option), so you can reduce the term of your loan and interest payments by making additional repayments whenever your budget allows. 

Repayment Icon

Weekly, fortnightly and monthly repayments

Don’t get paid weekly? No sweat! You can also choose to pay your loan back on a fortnightly or monthly basis.

Home loan icon

Split loan facility

Can’t make up your mind between a fixed or variable rate? NAB’s fixed, variable and line of credit loans have a split loan facility which allows you to combine a fixed and variable rate into one loan and get the best of both worlds.

Deposit icon

Rate lock

If you’re worried about an interest rate hike just before your loan drawdown date, you can opt for the rate lock feature available with NAB's fixed rate loan. This way you can secure the quoted interest rate at the time of loan approval for a period up to 90 days, though fees may apply.

How are NAB home loans rated?

Mozo users have rated NAB home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
NAB home loans customer reviews
Overall
6.7/10
Price
6.6/10
Features
6.4/10
Customer service
6.5/10
Convenience
7.3/10
Trust
6.5/10
Based on 2973 NAB product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent NAB home loan reviews

NAB Tailored Home Loan
Overall 1/10
Disappointing experience

No contact no reviews no loyalty for long term customer.

Read full review

No contact no reviews no loyalty for long term customer.

Price
1/10
Features
3/10
Customer service
2/10
Convenience
4/10
Trust
1/10
Less
Dione, South Australia, reviewed about 1 month ago
NAB Home Loan
Overall 7/10
Excellent

Man is very helpful and always advise us constantly and are there to help us

Read full review

Man is very helpful and always advise us constantly and are there to help us

Price
8/10
Features
6/10
Customer service
7/10
Convenience
6/10
Less
Hilary, Western Australia, reviewed about 1 month ago
NAB Home Loan
Overall 9/10
30 years of Banking with NAB

NAB HAVE ALEAYS BEEN AMAZING TO DEAL WITH. Have banked with them for over 30 years.

Read full review

NAB HAVE ALEAYS BEEN AMAZING TO DEAL WITH. Have banked with them for over 30 years.

Price
5/10
Features
5/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Jen, New South Wales, reviewed 3 months ago
NAB Home Loan
Overall 7/10
Nab is good

NAB's longstanding reputation as one of Australia's leading banks instils trust and confidence in customers and I feel comfortable with them. NAB's focus on customer satisfaction and personalized service ensures that I feel valued and supported in my financial journey.

Read full review

NAB's longstanding reputation as one of Australia's leading banks instils trust and confidence in customers and I feel comfortable with them. NAB's focus on customer satisfaction and personalized service ensures that I feel valued and supported in my financial journey.

Price
5/10
Features
5/10
Customer service
8/10
Convenience
8/10
Trust
10/10
Less
Talia, Victoria, reviewed 3 months ago
NAB Base Variable Rate Home Loan
Overall 6/10
Decent bank

Not many branches local to my specific area, long waiting times on the phone customer service. However, each time I have called the operator has been quite knowledgeable and able to answer all queries.

Read full review

Not many branches local to my specific area, long waiting times on the phone customer service. However, each time I have called the operator has been quite knowledgeable and able to answer all queries.

Price
4/10
Features
5/10
Customer service
7/10
Convenience
3/10
Trust
6/10
Less
Laura, New South Wales, reviewed 3 months ago

What do you need to apply for a NAB home loan?

You can apply for a home loan with NAB online, via phone or in person at your local branch. To do this, you’ll need the following details and documentation at ready:

Depending on your circumstances, you may also need to provide: 

Home loan quick links