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 2.69% (2.69% 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 30 April 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 3.04% interest rate (3.04% 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 30 April 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.
2.69% p.a.
n/a
n/a
n/a
2.69% 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 30 Apr 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.
3.04% p.a.
n/a
n/a
n/a
3.04% 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 30 Apr 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
3.45% 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 30 Apr 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
3.67% 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 30 Apr 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
3.97% 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 30 Apr 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
3.34% 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 30 Apr 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.
3.09% 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
$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 30 Apr 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.
3.29% p.a.
n/a
n/a
n/a
3.71% 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 30 Apr 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.
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.
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.
We have been with NAB forever. We love the rates and having the variable interest rate with our home loan. It helped us get our dream house and pay it off in an affordable manner. We also have the redraw option to take or add more on the repayments. They have also been so helpful when we lost our jobs with covid and we were able to pause our house payments. Wouldnt go anywhere else. They have been fantastic. We searched all banks and NAB was the best.
Read full reviewWe have been with NAB forever. We love the rates and having the variable interest rate with our home loan. It helped us get our dream house and pay it off in an affordable manner. We also have the redraw option to take or add more on the repayments. They have also been so helpful when we lost our jobs with covid and we were able to pause our house payments. Wouldnt go anywhere else. They have been fantastic. We searched all banks and NAB was the best.
They went out of their way to help us with a home loan.
Read full reviewThey went out of their way to help us with a home loan.
The bank is great - easy to work with and convenient home loan rates.
Read full reviewThe bank is great - easy to work with and convenient home loan rates.
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.
See NAB home loans
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.18% p.a.
fixed 3 years
3.62% p.a.
Bank of Queensland
Fixed Rate
2.09% p.a.
fixed 3 years
3.01% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
Newcastle Permanent
Variable Home Loan (Premium Plus Package)
2.94% p.a. variable
3.34% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
Bank of Queensland
Economy
2.59% p.a.
2.76% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.18% p.a.
fixed 3 years
3.62% p.a.
Bank of Queensland
Fixed Rate
2.09% p.a.
fixed 3 years
3.01% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
$0.00
Yard
Variable Home Loan Special
2.09% p.a.
2.12% 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.
