NAB Base Variable Rate Home Loan

This product is available in different versions. Pick the right version for you here.

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

  • 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

3.09% p.a.

3.09% p.a.

$0.00

NAB Base Variable Rate Home Loan

3.09% p.a.

3.09% p.a.

$0.00

3.29% p.a.

3.29% p.a.

$0.00

NAB Base Variable Rate Home Loan

3.29% p.a.

3.29% p.a.

$0.00

3.70% p.a.

3.70% p.a.

$0.00

NAB Base Variable Rate Home Loan

3.70% p.a.

3.70% p.a.

$0.00

4.27% p.a.

3.92% p.a.

$0.00

NAB Base Variable Rate Home Loan

4.27% p.a.

3.92% p.a.

$0.00

4.22% p.a.

4.22% p.a.

$0.00

NAB Base Variable Rate Home Loan

4.22% p.a.

4.22% p.a.

$0.00

3.59% p.a.

3.59% p.a.

$0.00

NAB Base Variable Rate Home Loan

3.59% p.a.

3.59% p.a.

$0.00

3.39% p.a.

3.39% p.a.

$0.00

NAB Base Variable Rate Home Loan

3.39% p.a.

3.39% p.a.

$0.00

3.65% p.a.

4.00% p.a.

$0.00

NAB Base Variable Rate Home Loan

3.65% p.a.

4.00% p.a.

$0.00

Mozo Review   NAB Base Variable Rate Home Loan Review

Last updated: 6 December 2019.

What's hot:
  • Variable rates from 3.09% (3.09% comparison rate*)

  • Borrow up to 95% LVR

  • No monthly fees

What's not:
  • $2000 min redraw

Mozo snapshot:

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 3.09% (3.09% 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.

Key features:

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 3.29% interest rate (3.29% 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 3.09% interest rate (3.09% 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.

Who it's good for:

Anyone who is looking for an easy to manage home loan and likes the security of a Big 4 Bank.

Any catches?

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.

Details

Rates and fees information correct as at 22 February 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.09% p.a.

  • n/a

  • n/a

  • n/a

  • 3.09% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $350.00

Other financial bits
  • $20,000

  • none

  • none

  • 80.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $500.00

  • yes

  • no

  • none

  • none

  • For new lending funded or refinancing settled between 1 January and 30 June 2020 of at least $250,000, a New Lending Cash Bonus of $2,000 and a Refinance Cash Bonus of $4,000 is available for eligible customers with a NAB Transaction account.

*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.

Details

Rates and fees information correct as at 22 February 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.29% p.a.

  • n/a

  • n/a

  • n/a

  • 3.29% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $350.00

Other financial bits
  • $20,000

  • none

  • 80.00%

  • 95.00%

Features
  • 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.

  • For new lending funded or refinancing settled between 1 January and 30 June 2020 of at least $250,000, a New Lending Cash Bonus of $2,000 and a Refinance Cash Bonus of $4,000 is available for eligible customers with a NAB Transaction account.

*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.

Details

Rates and fees information correct as at 22 February 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.70% 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

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $350.00

Other financial bits
  • $20,000

  • none

  • none

  • 95.00%

Features
  • 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.

  • For new lending funded or refinancing settled between 1 January and 30 June 2020 of at least $250,000, a New Lending Cash Bonus of $2,000 and a Refinance Cash Bonus of $4,000 is available for eligible customers with a NAB Transaction account.

*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.

Details

Rates and fees information correct as at 22 February 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 4.27% p.a.

  • n/a

  • n/a

  • n/a

  • 3.92% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $350.00

Other financial bits
  • $20,000

  • none

  • none

  • 80.00%

Features
  • Owner Occupier

  • Interest Only

  • Monthly

  • yes - free

  • yes

  • yes - free

  • $500.00

  • yes

  • no

  • none

  • none

  • For new lending funded or refinancing settled between 1 January and 30 June 2020 of at least $250,000, a New Lending Cash Bonus of $2,000 and a Refinance Cash Bonus of $4,000 is available for eligible customers with a NAB Transaction account.

*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.

Details

Rates and fees information correct as at 22 February 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 4.22% p.a.

  • n/a

  • n/a

  • n/a

  • 4.22% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $350.00

Other financial bits
  • $20,000

  • none

  • none

  • 95.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $500.00

  • yes

  • no

  • none

  • none

  • For new lending funded or refinancing settled between 1 January and 30 June 2020 of at least $250,000, a New Lending Cash Bonus of $2,000 and a Refinance Cash Bonus of $4,000 is available for eligible customers with a NAB Transaction account.

*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.

Details

Rates and fees information correct as at 22 February 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.59% p.a.

  • n/a

  • n/a

  • n/a

  • 3.59% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $350.00

Other financial bits
  • $20,000

  • none

  • 80.00%

  • 90.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $500.00

  • yes

  • no

  • none

  • none

  • For new lending funded or refinancing settled between 1 January and 30 June 2020 of at least $250,000, a New Lending Cash Bonus of $2,000 and a Refinance Cash Bonus of $4,000 is available for eligible customers with a NAB Transaction account.

*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.

Details

Rates and fees information correct as at 22 February 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.39% p.a.

  • n/a

  • n/a

  • n/a

  • 3.39% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $350.00

Other financial bits
  • $20,000

  • none

  • none

  • 80.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $500.00

  • yes

  • no

  • none

  • none

  • For new lending funded or refinancing settled between 1 January and 30 June 2020 of at least $250,000, a New Lending Cash Bonus of $2,000 and a Refinance Cash Bonus of $4,000 is available for eligible customers with a NAB Transaction account.

*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.

Details

Rates and fees information correct as at 22 February 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.65% p.a.

  • n/a

  • n/a

  • n/a

  • 4.00% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $350.00

Other financial bits
  • $20,000

  • none

  • none

  • 80.00%

Features
  • Investor

  • Interest Only

  • Monthly

  • yes - free

  • yes

  • yes - free

  • $500.00

  • yes

  • no

  • none

  • none

  • For new lending funded or refinancing settled between 1 January and 30 June 2020 of at least $250,000, a New Lending Cash Bonus of $2,000 and a Refinance Cash Bonus of $4,000 is available for eligible customers with a NAB Transaction account.

*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.

Customer Reviews

How are NAB home loans rated by the Mozo community?

Overall customer rating
6.8/10

Based on 2836 NAB home loan reviews

Price
6.6/10
Features
6.4/10
Customer service
6.6/10
Convenience
7.3/10
Trust
6.6/10

Latest reviews of NAB Base Variable Rate Home Loan

  • Overall 5/10
    High interest rates.

    Not very competitive at the moment. I'm looking at changing banks.

    Read full review

    Not very competitive at the moment. I'm looking at changing banks.

    Price
    5/10
    Features
    2/10
    Customer service
    5/10
    Convenience
    10/10
    Trust
    7/10
    Less
    Emma, New South Wales reviewed about 21 hours ago
  • Overall 8/10
    Would recommend.

    NAB provides you with good customer service and support, easy to use internet / mobile banking.

    Read full review

    NAB provides you with good customer service and support, easy to use internet / mobile banking.

    Price
    8/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    8/10
    Less
    Tarsha, New South Wales reviewed 12 days ago
  • Overall 10/10
    Awesome.

    NAB has been amazing and have catered to our every need.

    Read full review

    NAB has been amazing and have catered to our every need.

    Price
    7/10
    Features
    7/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    10/10
    Less
    Jacqueline, New South Wales reviewed 2 months ago
  • Overall 3/10
    Not loyal to existing customers.

    Went from a IO loan to P&I loan with NAB. I called a couple of times to get a better rate as they were offering new customers a lower rate than mine. Not very loyal to existing customers and not putting customers ahead of profit which is what they are suppose to be doing.

    Read full review

    Went from a IO loan to P&I loan with NAB. I called a couple of times to get a better rate as they were offering new customers a lower rate than mine. Not very loyal to existing customers and not putting customers ahead of profit which is what they are suppose to be doing.

    Price
    8/10
    Features
    3/10
    Customer service
    7/10
    Convenience
    9/10
    Trust
    3/10
    Less
    Kim, New South Wales reviewed 2 months ago
  • Overall 10/10
    Fine.

    They looked after us when my partner was out of work.

    Read full review

    They looked after us when my partner was out of work.

    Price
    6/10
    Features
    6/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    9/10
    Less
    Sharon, Queensland reviewed 2 months ago
NAB

About NAB

National Australia Bank is one of the big four banks who provide a large variety of financial products to the Australian Community. In recent times NAB has set itself apart from the other big four banks; by expanding their ATM network, removing many fees and maintaining low standard variable home loan rates. NAB's changes to its financial products have made their home loan, credit card, loans, savings accounts and personal loans more competitive within the banking industry.

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$0.00

Promoted

IMB Bank

IMB Bank

Budget Home Loan

3.03% p.a.

3.09% p.a.

$0.00

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.74% p.a.

2.77% 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.