NAB Flexiplus Mortgage

5.86% p.a.

n/a

$250.00 yearly

NAB Flexiplus Mortgage

5.86% p.a.

n/a

$250.00 yearly

Mozo Review   NAB Flexiplus Mortgage Review

Last updated: 11 October 2019.

What's hot:
  • No scheduled repayments

  • Borrow up to 90% of the property’s value

What's not:
  • 5.86% variable rate

Mozo snapshot:

If you’ve got some equity built up in your home and are ready to give it the boost it deserves, look no further than the NAB Flexiplus Mortgage. This line of credit loan comes with a 5.86% variable rate, which is generally higher than a typical home loan rate, and a maximum LVR of 90% and is available to both owner occupiers and investors. And with no scheduled repayments, you’ll have the flexibility to make your repayments whenever you want.


Key features:

Taking out a home loan with a big bank has never been more flexible than with the NAB Flexiplus Mortgage. As this is a line of credit loan you’ll be accessing the equity you’ve built up in your property on a variable interest rate of 5.86%. Or if you’re buying your first home, you’ll be able to borrow with a 10% deposit (Lenders Mortgage Insurance applies).

With the NAB Flexiplus Mortgage, there are no set repayments so you pay back your loan whenever you’d like. You’ll also have the option to split your loan, if you ever want to fix your rate for a period of time.

But while the NAB Flexiplus Mortgage is all about keeping your loan flexible, there are a few fees to budget for, like the $600 application fee, $350 discharge fee and $250 annual fee.


Who it's good for:

The NAB Flexiplus Mortgage is a great choice for homeowners looking to renovate but have  built up enough equity in their home to do so, meaning they don’t have to take out a personal loan.

Any catches?

Borrowers considering the NAB Flexiplus Mortgage will need to remember the $600 application and $250 annual fee. And once the loan is paid off, borrowers will be charged a $350 discharge fee.

Details

Rates and fees information correct as at 20 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
  • 5.86% p.a.

  • n/a

  • n/a

  • n/a

  • n/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

  • n/a

  • $250.00 yearly

  • $350.00

Other financial bits
  • $20,000

  • none

  • none

  • 90.00%

Features
  • Owner Occupier, Investor

  • No set repayments

  • No set repayments

  • n/a

  • none

  • n/a

  • none

  • yes

  • no

  • none

  • none

  • none

*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 2835 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 Flexiplus Mortgage

  • Overall 9/10
    Competitive.

    I've never had a problem with them.

    Read full review

    I've never had a problem with them.

    Price
    7/10
    Features
    6/10
    Customer service
    7/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Bob, Queensland reviewed 3 months ago
  • Overall 2/10
    They're untrustworthy.

    I don't trust NAB. They are misleading and then later when you are in financial stress, they refuse to help you.

    Read full review

    I don't trust NAB. They are misleading and then later when you are in financial stress, they refuse to help you.

    Price
    6/10
    Features
    5/10
    Customer service
    3/10
    Convenience
    2/10
    Trust
    2/10
    Less
    Richard, Australian Capital Territory reviewed 3 months ago
  • Overall 10/10
    Thank you so much

    I love NAB. It is the best bank ever.

    Read full review

    I love NAB. It is the best bank ever.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Jihee, Western Australia reviewed about 1 year ago
  • Overall 10/10
    Excellent customer service

    Pros with this bank is rates are compatible

    Read full review

    Pros with this bank is rates are compatible

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Leanne, Victoria reviewed almost 2 years ago
  • Overall 3/10
    Slow disjointed and unsupportive process

    Slow and difficult application process that goes through a number of people who make mistakes and then charge customers for them.

    Read full review

    Slow and difficult application process that goes through a number of people who make mistakes and then charge customers for them.

    Price
    6/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -
    Less
    Sharon, New South Wales reviewed over 2 years 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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