NAB Portfolio Facility

The details shown below are for an owner occupier, investor taking out a no set repayments loan between $250,000 and $499,999 with an LVR below 80%

The details shown below are for an owner occupier, investor taking out a no set repayments loan between $500,000 and $999,999 with an LVR below 80%

The details shown below are for an owner occupier, investor taking out a no set repayments loan of at least $1,000,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Owner Occupier, Investor (No set repayments)

    LVR < 80%

    Loan: $250,000 $499,999

  • Owner Occupier, Investor (No set repayments)

    LVR < 80%

    Loan: $500,000 $999,999

  • Owner Occupier, Investor (No set repayments)

    LVR < 80%

    Loan: $1,000,000

5.77% p.a.

n/a

$550.00 yearly

NAB Portfolio Facility

5.77% p.a.

n/a

$550.00 yearly

5.67% p.a.

n/a

$550.00 yearly

NAB Portfolio Facility

5.67% p.a.

n/a

$550.00 yearly

5.57% p.a.

n/a

$550.00 yearly

NAB Portfolio Facility

5.57% p.a.

n/a

$550.00 yearly

Mozo Review   NAB Portfolio Facility Review

Last updated: 29 March 2019.

What's hot:
  • No application fee

  • Low rates from 5.82%

  • Have up to 12 sub accounts

What's not:
  • $550 yearly service fee

Mozo snapshot:

NAB’s Portfolio Facility gives borrowers the ability to get a flexible line of credit while having access to competitive home loan rates. This means that you are able to access the equity on  your property (up to 80% LVR) and use it on to fund purchases or investments. With low rates starting from 5.82% for lending of a million or more, this may be a convenient and cost-effective credit option for you.

Key features:

The Portfolio Facility offered by NAB gives homeowners access to greater borrowing power as well as a facility to organise their money in their own way, all in one place. Borrowers can receive a competitive rate of 5.82% for lending over $1,000,000, with rates varying for lending under $1,000,000 at 5.92% and under $500,000 at 6.02%.

There is no application fee with this facility, but keep in mind that NAB requires the ongoing payment of a $550 yearly service fee.

With the NAB Portfolio Facility you have constant access to your funds, through a card that can be used at ATMs and for online/phone banking. It allows borrowers to organise their funds the way they want to - as you are able to open up to 12 sub-accounts with fixed or variable rates. This can help track and categorise borrowing, transactions and savings all in the same place.

NAB also offers a range of package benefits that can provide savings on many of their other products - such as waiving credit card fees on eligible NAB cards, Margin Lending interest rate discount, Transaction/ATM waivers and discounts on some NAB home and car insurance products.

With so many ways to save across the board, the NAB Portfolio Safety Facility may be the perfect answer to all the questions you’ve been asking.

Who it's good for:

The NAB Portfolio Facility is good for home owners who want a line of credit option with competitively low rates. With the range of potential savings across a range of different products and the ability to manage your funds all in one place it could be a suitable solution for anyone looking to save on and organise their finances.  

Any catches?

While there is no application fee, there is a $550 ongoing annual service fee that is required to be paid while the Portfolio Facility is still active.

Details

Rates and fees information correct as at 16 June 2019. 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
  • 5.77% p.a.

  • n/a

  • 0 Months

  • none

  • n/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

  • none

  • $550.00 yearly

  • $350.00

Other financial bits
  • $250,000

  • $499,999

  • none

  • 80.00%

Features
  • Owner Occupier, Investor

  • No set repayments

  • No set repayments

  • n/a

  • none

  • n/a

  • none

  • yes

  • no

  • 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.

Details

Rates and fees information correct as at 16 June 2019. 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
  • 5.67% p.a.

  • n/a

  • 0 Months

  • none

  • n/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

  • none

  • $550.00 yearly

  • $350.00

Other financial bits
  • $500,000

  • $999,999

  • none

  • 80.00%

Features
  • Owner Occupier, Investor

  • No set repayments

  • No set repayments

  • n/a

  • none

  • n/a

  • none

  • yes

  • no

  • 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.

Details

Rates and fees information correct as at 16 June 2019. 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
  • 5.57% p.a.

  • n/a

  • 0 Months

  • none

  • n/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

  • none

  • $550.00 yearly

  • $350.00

Other financial bits
  • $1,000,000

  • none

  • none

  • 80.00%

Features
  • Owner Occupier, Investor

  • No set repayments

  • No set repayments

  • n/a

  • none

  • n/a

  • none

  • yes

  • no

  • 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 2776 NAB home loan reviews

Price
6.6/10
Features
6.5/10
Customer service
6.6/10
Convenience
7.3/10
Trust
6.6/10

Latest reviews of NAB Portfolio Facility

  • Overall
    7/10
    Regular service

    A bank mire interested in their profits than in me

    A bank mire interested in their profits than in me

    Price
    4/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -

    Victoria | New South Wales

    reviewed about 2 years ago

  • Overall
    8/10
    Happy to stay with them

    Important to be up-front with them if you have a problem. Invariably it will be fixed to your...

    Important to be up-front with them if you have a problem. Invariably it will be fixed to your satisfaction.

    Price
    7/10
    Features
    7/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10

    Susan | Western Australia

    reviewed about 4 years ago

  • Overall
    6/10
    Fine

    This loan has been satisfactorily managed.

    This loan has been satisfactorily managed.

    Price
    5/10
    Features
    5/10
    Customer service
    6/10
    Convenience
    7/10
    Trust
    7/10

    David | Western Australia

    reviewed over 4 years ago

  • Overall
    7/10
    Excellent service provision and attention

    The Nab Bank is a bank with a "heart', their caring and respectful staff go the "extra mile" and...

    The Nab Bank is a bank with a "heart', their caring and respectful staff go the "extra mile" and really care that their customers are being provided with the best and the right product for their individual needs. Their service provision is impeccable and even though I am "a small fish in a big pond". I always feel that my custom is valued and appreciated and that they are working for me as much as someone with a lot more money.

    Price
    6/10
    Features
    4/10
    Customer service
    9/10
    Convenience
    7/10
    Trust
    6/10

    Yvonne | South Australia

    reviewed over 4 years ago

  • Overall
    4/10
    Easy

    When you have a personal banker it would be nice if he actually answered emails!

    When you have a personal banker it would be nice if he actually answered emails!

    Price
    5/10
    Features
    5/10
    Customer service
    3/10
    Convenience
    7/10
    Trust
    2/10

    Lyn | Queensland

    reviewed over 4 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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