The details shown below are for an owner occupier taking out a principal & interest loan of at least $20,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $20,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $20,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a interest only loan of at least $20,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan of at least $20,000 with an LVR below 95%
The details shown below are for an investor taking out a principal & interest loan of at least $20,000 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan of at least $20,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan of at least $20,000 with an LVR below 80%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 80% | $20,000 | |
| | Owner Occupier | Principal & Interest | 80%-95% | $20,000 | |
| | Owner Occupier | Principal & Interest | < 95% | $20,000 | |
| | Owner Occupier | Interest Only | < 80% | $20,000 | |
| | Investor | Principal & Interest | < 95% | $20,000 | |
| | Investor | Principal & Interest | 80%-90% | $20,000 | |
| | Investor | Principal & Interest | < 80% | $20,000 | |
| | Investor | Interest Only | < 80% | $20,000 |
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $20,000
Owner Occupier (Principal & Interest)
LVR 80%-95%
Loan: $20,000
Owner Occupier (Principal & Interest)
LVR < 95%
Loan: $20,000
Owner Occupier (Interest Only)
LVR < 80%
Loan: $20,000
Investor (Principal & Interest)
LVR < 95%
Loan: $20,000
Investor (Principal & Interest)
LVR 80%-90%
Loan: $20,000
Investor (Principal & Interest)
LVR < 80%
Loan: $20,000
Investor (Interest Only)
LVR < 80%
Loan: $20,000
If you're after a variable rate home loan from one of the Big 4 Banks, the NAB Base Variable Home Loan has low variable rates starting from 2.29% (2.33% comparison rate*) for borrowers with at least a 20% deposit, no monthly fees and great flexibility whether you're looking for your first home, an investment property, or downsizing or upsizing your current home. Plus if you're thinking about refinancing your home loan before 31 October 2021, you could 'nab' yourself a $2,000 cash bonus.
The Base Variable Home Loan is an easy to manage home loan. There are no monthly fees to worry about and you can tailor your repayments to suit your lifestyle. If you choose to make interest and principal repayments you can opt for weekly, fortnightly or monthly repayments. There is also an interest only option (for up to 5 years) for investors and owner-occupiers but you can only pay monthly (in arrears) if you choose this.
You can make additional payments for free and if you need the cash at a later point in time you can redraw anytime for free but the minimum redraw amount is $2000. The good thing about getting ahead in your repayments is that with the Base Variable Home Loan you can take a repayment holiday if you need due to family or personal reasons for a period of time.
The 2.99% interest rate (3.03% comparison rate*) is available whether you are borrowing $20,000 or $2 million as there is no maximum loan amount and is available when borrowing up to 95% of the property value (keep in mind lenders mortgage insurance will be required for anything over 80%). To snag the lower 2.69% interest rate (2.69% comparison rate*), you'll need to be borrowing a maximum of 80% of the property's value - that means saving up a bigger deposit.
There is also a split option available if you want to split the loan between the Base Variable and another NAB home loan such as a fixed rate loan. Plus, if you refinance a loan of $250,000 or more before 31 October 2021 then you could be eligible to receive a $2,000 cash bonus. The offer is only available to those refinancing an existing home loan from another financial provider to NAB (also excludes UBank, Medfin and Advantage Home Loans). The offer is not available for refinances of First Home Loan Deposit Scheme loans.
Anyone who is looking for an easy to manage home loan and likes the security of a Big 4 Bank.
As with all variable rate loans rates are likely to move at some point in the future so be sure to keep an eye on the interest rates and switch again if you aren't getting a good deal.
| 2.29% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 2.33% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $20,000 | |
| none | |
| none | |
| 80.00% |
| Owner Occupier | |
| Principal & Interest | |
| Weekly, Fortnightly, Monthly | |
| yes - free | |
| yes | |
| yes - free | |
| $500.00 | |
| yes | |
| no | |
| none | |
| none | |
| $2,000 refinance cashback for loans >$250,000, drawdown before 31 October 2021. |
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.
| 2.99% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.03% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $20,000 | |
| none | |
| 80.00% | |
| 95.00% |
| Owner Occupier | |
| Principal & Interest | |
| Weekly, Fortnightly, Monthly | |
| yes - free | |
| yes | |
| yes - free | |
| $500.00 | |
| yes | |
| no | |
| none | |
| 33% Discount on Lenders Mortgage Insurance available to First Home Buyers. | |
| $2,000 refinance cashback for loans >$250,000, drawdown before 31 October 2021. |
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.
| 3.45% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.49% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $20,000 | |
| none | |
| none | |
| 95.00% |
| Owner Occupier | |
| Principal & Interest | |
| Weekly, Fortnightly, Monthly | |
| yes - free | |
| yes | |
| yes - free | |
| $500.00 | |
| yes | |
| no | |
| none | |
| 33% Discount on Lenders Mortgage Insurance available to First Home Buyers. | |
| $2,000 refinance cashback for loans >$250,000, drawdown before 31 October 2021. |
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.
| 4.02% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.70% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $20,000 | |
| none | |
| none | |
| 80.00% |
| Owner Occupier | |
| Interest Only | |
| Monthly | |
| yes - free | |
| yes | |
| yes - free | |
| $500.00 | |
| yes | |
| no | |
| none | |
| none | |
| $2,000 refinance cashback for loans >$250,000, drawdown before 31 October 2021. |
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.
| 3.97% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 4.01% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $20,000 | |
| none | |
| none | |
| 95.00% |
| Investor | |
| Principal & Interest | |
| Weekly, Fortnightly, Monthly | |
| yes - free | |
| yes | |
| yes - free | |
| $500.00 | |
| yes | |
| no | |
| none | |
| none | |
| $2,000 refinance cashback for loans >$250,000, drawdown before 31 October 2021. |
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.
| 3.34% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.38% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $20,000 | |
| none | |
| 80.00% | |
| 90.00% |
| Investor | |
| Principal & Interest | |
| Weekly, Fortnightly, Monthly | |
| yes - free | |
| yes | |
| yes - free | |
| $500.00 | |
| yes | |
| no | |
| none | |
| none | |
| $2,000 refinance cashback for loans >$250,000, drawdown before 31 October 2021. |
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.
| 2.79% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 2.83% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $20,000 | |
| none | |
| none | |
| 80.00% |
| Investor | |
| Principal & Interest | |
| Weekly, Fortnightly, Monthly | |
| yes - free | |
| yes | |
| yes - free | |
| $500.00 | |
| yes | |
| no | |
| none | |
| none | |
| $2,000 refinance cashback for loans >$250,000, drawdown before 31 October 2021. |
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.
| 2.99% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.63% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $20,000 | |
| none | |
| none | |
| 80.00% |
| Investor | |
| Interest Only | |
| Monthly | |
| yes - free | |
| yes | |
| yes - free | |
| $500.00 | |
| yes | |
| no | |
| none | |
| none | |
| $2,000 refinance cashback for loans >$250,000, drawdown before 31 October 2021. |
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.
We have been customers with NAB for over 40 years. This doesn't matter to them neither do they care keeping long term customers or believe in flexibility.
Read full reviewWe have been customers with NAB for over 40 years. This doesn't matter to them neither do they care keeping long term customers or believe in flexibility.
NAB have great customer service and are always willing to help and explain anything that you need clarification on.
Read full reviewNAB have great customer service and are always willing to help and explain anything that you need clarification on.
Not always sure my bank who I have been a loyal customer of for a long time always has my best "interest" at heart.
Read full reviewNot always sure my bank who I have been a loyal customer of for a long time always has my best "interest" at heart.
I have home loan and I hold for 2 months. After 2month again I called and requested to hold another 2 months. I requested because I lost my income around 50%. NAB offered me hardship options and agreed to stop next 2months and end of 2months I need to pay whole months amount once. That is NAB hardship options
Read full reviewI have home loan and I hold for 2 months. After 2month again I called and requested to hold another 2 months. I requested because I lost my income around 50%. NAB offered me hardship options and agreed to stop next 2months and end of 2months I need to pay whole months amount once. That is NAB hardship options
Had no compassion when I fell sick for 4 months off work. Put my mortgage on hold, but did not tell me after 4 months the whole amount will be due and they have now left me homeless.
Read full reviewHad no compassion when I fell sick for 4 months off work. Put my mortgage on hold, but did not tell me after 4 months the whole amount will be due and they have now left me homeless.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a. variable
2.21% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.34% p.a.
fixed 3 years
3.61% p.a.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a. variable
2.21% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.34% p.a.
fixed 3 years
3.61% p.a.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a.
2.21% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.34% p.a.
fixed 3 years
3.61% p.a.
Bank of Queensland
Fixed Rate
2.79% p.a.
fixed 3 years
3.18% p.a.
Qudos Bank
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2.19% p.a.
fixed 3 years
2.64% p.a.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a.
2.21% p.a.
$0.00
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.
