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NAB Tailored Home Loan

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 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 < 95%

    Loan: $20,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $20,000

  • Investor (Principal & Interest)

    LVR < 95%

    Loan: $20,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $20,000

Rate
4.52% p.a.
Comparison Rate*
4.65% p.a.
Service fee
$8.00 monthly
Upfront fee
$600
Rate
5.09% p.a.
Comparison Rate*
4.87% p.a.
Service fee
$8.00 monthly
Upfront fee
$600
Rate
5.12% p.a.
Comparison Rate*
5.25% p.a.
Service fee
$8.00 monthly
Upfront fee
$600
Rate
5.42% p.a.
Comparison Rate*
5.36% p.a.
Service fee
$8.00 monthly
Upfront fee
$600

Mozo editorial review NAB Tailored Home Loan

Last updated: 8 September 2020.

binocular icon
What's hot
  • $2,000 cash bonus offer for refinancers (conditions apply)
  • 100% offset account
  • Borrow with as little as 5% deposit
What's not
  • $600 application fee
Mozo snapshot

Flexibility in finances... now that’s an alliteration Aussie borrowers want to hear. With the NAB Tailored Home Loan, you aren’t short of flexible options, with a 100% offset account and free extra repayments and a redraw facility, plus you’ll also have weekly, fortnightly, monthly repayment frequency options. There's even a $2,000 cash bonus on offer for eligible refinance customers until 31 January 2021.

key icon
Key features

A feature-packed, flexible home loan, the NAB Tailored variable is available for owner-occupier and investor loans starting from $200,000 with options to pay off your home loan sooner. Plus, if you refinance a loan of $250,000 or more, before 31 January 2021, you could be eligible for a $2,000 cash bonus. You must be refinancing from a financial provider other than NAB, UBank, Medfin or Advantage Home Loans and your loan cannot be part of the First Home Loan Deposit Scheme.

You only need to save for a 5% deposit, getting you into your home faster. Just keep in mind, you will need to budget for Lenders’ Mortgage Insurance as it applies if you borrow over 80% of the property’s value.

When it comes to features, with the Tailored Variable loan not only will you be able to cut down on the interest you pay with the help of a 100% offset account, you’ll also be able to make free extra repayments towards the loan to help you get ahead.

Repayments are flexible as they can be made weekly, fortnightly or monthly. And if you’re ahead with your repayments you can access funds through the redraw facility, just remember a $500 minimum applies.

Speaking of fees... you will need to fork out a hefty $600 application fee, plus there’s an $8 monthly service fee and a $350 discharge fee to watch out for.


snapshot
Who is it good for

Anyone who’s looking to pay off their home loan sooner with a feature-packed, accommodating home loan that comes with a 100% offset account and free extra repayments and prefers to stick to a big bank.

snapshot
Any catches

Although the 95% LVR is great for getting into your home faster, keep in mind you will need to include Lenders’ Mortgage Insurance in your budget for any LVR over 80%.

Details

Rates and fees information correct as at 22 September 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
  • 4.52% p.a.

  • n/a

  • n/a

  • n/a

  • 4.65% p.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

  • $8.00 monthly

  • $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

  • yes

  • none

  • 33% Discount on Lenders Mortgage Insurance available to First Home Buyers.

  • $2,000 refinance cashback for loans >$250,000, drawdown before 31 Jan 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 22 September 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
  • 5.09% p.a.

  • n/a

  • n/a

  • n/a

  • 4.87% p.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

  • $8.00 monthly

  • $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

  • yes

  • none

  • none

  • $2,000 refinance cashback for loans >$250,000, drawdown before 31 Jan 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 22 September 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
  • 5.12% p.a.

  • n/a

  • n/a

  • n/a

  • 5.25% p.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

  • $8.00 monthly

  • $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

  • yes

  • none

  • none

  • $2,000 refinance cashback for loans >$250,000, drawdown before 31 Jan 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 22 September 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
  • 5.42% p.a.

  • n/a

  • n/a

  • n/a

  • 5.36% p.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

  • $8.00 monthly

  • $350.00

Other financial bits
  • $20,000

  • none

  • none

  • 80.00%

Features
  • Investor

  • Interest Only

  • Monthly

  • yes - free

  • yes

  • yes - free

  • $500.00

  • yes

  • yes

  • none

  • none

  • $2,000 refinance cashback for loans >$250,000, drawdown before 31 Jan 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.

Customer Reviews

How are NAB home loans rated by the Mozo community?

Overall
6.7/10

Based on 2873 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 Tailored Home Loan

  • Overall 9/10
    Great customer service every time. No complaints.

    We have been with this bank for a while and every occasion we needed to extend our home loan to do home renovations they never hesitated. They did offer home insurance once but already had it. They changed our credit cards to a lower interest rate for us.

    Read full review

    We have been with this bank for a while and every occasion we needed to extend our home loan to do home renovations they never hesitated. They did offer home insurance once but already had it. They changed our credit cards to a lower interest rate for us.

    Price
    8/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Barbara, New South Wales reviewed 9 months ago
  • Overall 9/10
    Happy

    Happy with the service.

    Read full review

    Happy with the service.

    Price
    7/10
    Features
    10/10
    Customer service
    8/10
    Convenience
    10/10
    Trust
    8/10
    Less
    Rebecca, New South Wales reviewed 10 months ago
  • Overall 8/10
    They always help.

    All my questions have had fast results.

    Read full review

    All my questions have had fast results.

    Price
    7/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    7/10
    Less
    James, Victoria reviewed 10 months ago
  • Overall 8/10
    Helpful, efficient, convenient and good rates.

    Have been great to deal with, easy process and easy banking, convenient.

    Read full review

    Have been great to deal with, easy process and easy banking, convenient.

    Price
    10/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Melanie, Northern Territory reviewed 10 months ago
  • Overall 2/10
    Horrible service.

    I dislike this bank because they go out of their way to make things difficult and complicate the most simple tasks.

    Read full review

    I dislike this bank because they go out of their way to make things difficult and complicate the most simple tasks.

    Price
    2/10
    Features
    0/10
    Customer service
    1/10
    Convenience
    4/10
    Trust
    3/10
    Less
    Vanessa, Australian Capital Territory reviewed 10 months 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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*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.