Your selected home loans
NAB is the third-largest lender in Australia, with a range of home loan options for home buyers, refinancers and property investors. Its three main options include the Base Variable Rate Home Loan, the Tailored Home Loan (variable with offset) and the Tailored Home Loan (fixed) with terms ranging from one to five years.
Your selected home loans
it has been easy working with NAB and the rate of interest is competitive .
Good customer service
I have 2 loans for my home loan. I want to increase the one loan and this was what they talked me into. They told me they would set up a direct debit and did t so now I have a bad credit rating even though I have never missed a payment. As soon as I realised I need to organise payment for the loan I paid the arrears. I have tried to fix this on so many occasions. As soon as my credit rating g improves I will leave nav and not return
Getting less and less opportunity to get to branch
We are a Defence family and we have found the service, home loan products and the flexibility of our home loan excellent. We are able to reduce the long term life of our loan by taking advantage of the Defence home loan. With the cost of living crisis, it had been hard to get ahead on our home loan, however switching to the NAB and accessing the Defence loan has left us with a feeling that in the long term we are paying down our principle a lot faster. It has made a real difference - thanks NAB!
I've always experienced fantastic customer service with NAB. Staff have been knowledgeable and timely. If they don't have the answer to your query, they know someone who does.
In these difficult financial times, the staff at the NAB go above and beyond to be helpful. I am grateful that they are helping me to keep my house even though I'm struggling to pay the mortgage at present.
NAB is of course one of the big 4, so knowing that they can disregard borrowers individual requests for tayloring home loans when you need to(which they will do !). That said they do have great packages that include credit cards, a good app to access your loan & lots of brick & mortor branches.
I have recently attained restructuring at my full-time employment and don't have a current position available for employment. I've been off on unapproved workers compensation for some time and my payments ceased due to exhausted leave etc. My wife unwent chemotherapy just over 2 years again as she has cancer in the stomach and had her stomach removed. She works luckily 2 days a week. No income, a mortgage, the cost of living and our 8 year old son. Due to bo finances I called customer care at NAB and discussed the situation. With great appreciation and respect, they've frozen nortage Repayment until my return to employment hopefully at the end of August 2024. NAB customer care will call me on the 28th August to check in to see how i am. I can't express how grateful we are in being understood and shown some compassion with the costs and situation at hand. NAB customer service and communication/s is paramount.
Really supportive though COVID and then job loss.
NAB’s home loans come with flexible repayment options, and you can choose to make your payments weekly, fortnightly or monthly. You can also choose between making principal and interest repayments or interest only repayments.
A repayment holiday is when your lender temporarily pauses payments on your home loan when you are experiencing financial hardship. NAB does offer repayment holidays to eligible customers, so if you are experiencing financial difficulty, visit a branch or call NAB’s support .
NAB’s home loans come with a minimum loan amount of $20,000, with no maximum borrowing limit (subject to individual assessment).
A split home loan is when you separate your loan into two portions – one part with a fixed interest rate and the other part with a variable interest rate.
NAB does offer split home loans, though there can’t be more than two borrowers on the loan to do so.
Unconditional approval is when your lender has officially approved you for a home loan, with no further requirements needing to be met. It differs from home loan pre-approval, which is when the lender indicates how much it’s willing to let you borrow, under certain conditions.
NAB has stated that customers applying for its home loans are receiving unconditional approval in two days or less on average. The bank says that in some cases, it can provide unconditional approval in less than an hour.
NAB has a 5% discount called the Sustainable Home Discount Offer available to those who need to pay LMI.
To be eligible, you need to be applying for a NAB Base Variable Rate Home Loan or a NAB Tailored Home Loan, and the property you’re purchasing or refinancing must obtain either:
For more information, visit 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.
** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.
^See information about the Mozo Experts Choice Home Loan Awards
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