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NAB Base Variable Rate Home Loan

Advertiser disclosure

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

Rate
2.69% p.a.
Comparison Rate
2.69% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.04% p.a.
Comparison Rate
3.04% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.45% p.a.
Comparison Rate
3.45% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
4.02% p.a.
Comparison Rate
3.67% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.97% p.a.
Comparison Rate
3.97% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
3.34% p.a.
Comparison Rate
3.34% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.79% p.a.
Comparison Rate
2.79% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.99% p.a.
Comparison Rate
3.60% p.a.
Service fee
$0.00
Upfront fee
$0

Mozo editorial review NAB Base Variable Rate Home Loan - last updated: 7 July 2021

binocular icon
What's hot
  • Variable rates from 2.69% (2.69% comparison rate*)
  • Borrow up to 95% LVR
  • $2,000 cash bonus offer for refinancers (conditions apply)
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 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 31 October 2021, you could 'nab' yourself a $2,000 cash bonus.

key icon
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 3.04% 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 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.

snapshot
Who is it good for

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

question icon
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 23 September 2021. 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

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

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

$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.

Details

Rates and fees information correct as at 23 September 2021. 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

3.04% 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

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.

$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.

Details

Rates and fees information correct as at 23 September 2021. 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

3.45% 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

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.

$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.

Details

Rates and fees information correct as at 23 September 2021. 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

4.02% 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

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

$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.

Details

Rates and fees information correct as at 23 September 2021. 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

3.97% 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

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

$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.

Details

Rates and fees information correct as at 23 September 2021. 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

3.34% 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

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

$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.

Details

Rates and fees information correct as at 23 September 2021. 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

2.79% p.a.

n/a

n/a

n/a

2.79% 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

$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.

Details

Rates and fees information correct as at 23 September 2021. 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

2.99% p.a.

n/a

n/a

n/a

3.60% 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

$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.

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About NAB

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.