NAB Base Variable Rate Home Loan
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 interest only loan of at least $20,000 with an LVR below 80%
Choose the version of loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 95% | $20,000 | |
| | Owner Occupier | Principal & Interest | < 95% | $20,000 | |
| | Owner Occupier | Interest Only | < 80% | $20,000 | |
| | Investor | Principal & Interest | < 95% | $20,000 | |
| | Investor | Interest Only | < 80% | $20,000 |
-
Owner Occupier (Principal & Interest)
LVR < 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 (Interest Only)
LVR < 80%
Loan: $20,000
NAB Base Variable Rate Home Loan
4.17% p.a.
4.21% p.a.
$0.00
NAB Base Variable Rate Home Loan
4.17% p.a.
4.21% p.a.
$0.00
4.17% p.a.
4.21% p.a.
$0.00
4.70% p.a.
4.75% p.a.
$0.00
NAB Base Variable Rate Home Loan
4.70% p.a.
4.75% p.a.
$0.00
4.70% p.a.
4.75% p.a.
$0.00
4.65% p.a.
4.70% p.a.
$0.00
NAB Base Variable Rate Home Loan
4.65% p.a.
4.70% p.a.
$0.00
4.65% p.a.
4.70% p.a.
$0.00
5.18% p.a.
5.23% p.a.
$0.00
NAB Base Variable Rate Home Loan
5.18% p.a.
5.23% p.a.
$0.00
5.18% p.a.
5.23% p.a.
$0.00
Mozo Review NAB Base Variable Rate Home Loan Review
Last updated: 10 August 2018.
What's hot:
2018 Mozo Experts Choice Award
No monthly fees
Borrow up to 95% LVR
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 3.69%, no monthly fees and great flexibility to suit borrowers whether they're looking for their first home, an investment property, downsizing or upsizing their current home. In fact, it was judged as such a good option for investors that it was awarded a 2018 Mozo Experts Choice Award for best Investor Home Loan.
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 3.69% interest rate is available whether you are borrowing $20,000 or $2 million as there is no maximum loan amount. With this loan you can also borrow up to 95% of the property value but lenders mortgage insurance will be required for anything over 80%.
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 20 September 2018.
Rates
-
3.69% p.a.
-
n/a
-
0 Months
-
none
-
3.73% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$600.00
-
$0.00
-
$0.00
-
$0.00
-
none
-
$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
-
$500.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 20 September 2018.
Rates
-
4.17% p.a.
-
n/a
-
0 Months
-
none
-
4.21% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$600.00
-
$0.00
-
$0.00
-
$0.00
-
none
-
$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
-
$500.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 20 September 2018.
Rates
-
4.70% p.a.
-
n/a
-
0 Months
-
none
-
4.75% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$600.00
-
$0.00
-
$0.00
-
$0.00
-
none
-
$0.00
-
$350.00
Other financial bits
-
$20,000
-
none
-
none
-
80.00%
Features
-
Owner Occupier
-
Interest Only
-
Monthly
-
yes - free
-
yes
-
yes
-
$500.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 20 September 2018.
Rates
-
4.65% p.a.
-
n/a
-
0 Months
-
none
-
4.70% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$600.00
-
$0.00
-
$0.00
-
$0.00
-
none
-
$0.00
-
$350.00
Other financial bits
-
$20,000
-
none
-
none
-
95.00%
Features
-
Investor
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
yes
-
yes
-
$500.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 20 September 2018.
Rates
-
5.18% p.a.
-
n/a
-
0 Months
-
none
-
5.23% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$600.00
-
$0.00
-
$0.00
-
$0.00
-
none
-
$0.00
-
$350.00
Other financial bits
-
$20,000
-
none
-
none
-
80.00%
Features
-
Investor
-
Interest Only
-
Monthly
-
yes - free
-
yes
-
yes
-
$500.00
-
yes
-
no
-
none
-
none
Customer Reviews
How are NAB home loans rated by the Mozo community?
Latest reviews of NAB Base Variable Rate Home Loan
- Overall8/10
Great to deal with
They were very helpful on initial setup. Were accomodating and understanding when we queried the...
Read full review
They were very helpful on initial setup. Were accomodating and understanding when we queried the rate. They send regular updates of rate changes and how we can fix our rate if we want to. Online/mobile app is very user friendly.
Price8/10Features6/10Customer service8/10Convenience9/10Trust7/10Less
Kayla | Victoria
reviewed about 1 month ago
- Overall10/10
I do not bank online
Low interest, excellent, friendly service. Reliable, I feel financially safe.
Read full review
Low interest, excellent, friendly service. Reliable, I feel financially safe.
Price10/10Features8/10Customer service10/10Convenience10/10Trust10/10Less
Yvonne | Queensland
reviewed 7 months ago
- Overall4/10
We have stuck with them but now looking for better
They have not stuck to their promise of always having the best rates
Read full review
They have not stuck to their promise of always having the best rates
Price4/10Features5/10Customer service3/10Convenience4/10Trust4/10Less
Raymond | Western Australia
reviewed 8 months ago
- Overall5/10
OK
I once emailed to cancel a direct debit was given the run around -another $160 went out
Read full review
I once emailed to cancel a direct debit was given the run around -another $160 went out
Price4/10Features2/10Customer service-1/10Convenience6/10Trust4/10Less
Ben | New South Wales
reviewed 9 months ago
- Overall7/10
Great customer service
They adjusted our loan when requested, but I dislike that they've put their rates up recently.
Read full review
They adjusted our loan when requested, but I dislike that they've put their rates up recently.
Price7/10Features-Customer service-Convenience-Trust-Less
Sharron | Western Australia
reviewed about 1 year ago
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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