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NAB Tailored 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 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
6.27% p.a.
Comparison Rate
6.40% p.a.
Service fee
$8.00 monthly
Upfront fee
$0
Rate
6.84% p.a.
Comparison Rate
6.63% p.a.
Service fee
$8.00 monthly
Upfront fee
$0
Rate
6.87% p.a.
Comparison Rate
7.00% p.a.
Service fee
$8.00 monthly
Upfront fee
$0
Rate
7.17% p.a.
Comparison Rate
7.12% p.a.
Service fee
$8.00 monthly
Upfront fee
$0

Mozo editorial review NAB Tailored Home Loan - last updated: 12 August 2022

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
  • High interest rates
Mozo snapshot

Flexibility... now that’s a word Aussie borrowers may appreciate hearing. With the Tailored Home Loan from NAB you won't be short of flexible options, as it offers a 100% offset account, free extra repayments and a redraw facility among other features. Plus there's even a $2,000 cash bonus on offer for eligible refinancers.

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Key features

A flexible, feature-packed option, the Tailored Home Loan is available to both owner-occupier and investor borrowers on amounts starting from $200,000. With a deposit requirement as low as 5%, the loan could be suitable for low deposit borrowers looking to get into a home faster, although Lenders’ Mortgage Insurance may apply for those with an LVR above 80%. 

How about rates? Well, they're certainly on the higher side, as the lowest variable rate currently available on the loan is 6.27% p.a. (6.40% p.a comparison rate*) for owner occupiers making principal and interest repayments. 

When it comes to features, the Tailored Home Loan customers to cut down on the interest they pay with the help of a 100% offset account, plus borrowers will also be able to make extra repayments towards the loan and redraws via the redraw facility (min. $500 redraw amount). And repayments are flexible as they can be made on a weekly, fortnightly or monthly basis. 

Plus, if you're looking to refinance a loan of $250,000 or more you may be be eligible for NAB's $2,000 cashback offer. You must be refinancing from a financial provider other than NAB, ubank, Medfin or Advantage Home Loans though, and your loan cannot be part of the First Home Loan Deposit Scheme.





snapshot
Who is it good for

Anyone who prefers doing their banking with a major bank and is looking for a flexible, feature-packed home loan that comes with a 100% offset account and free extra repayments.

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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%. There are also a number of fees attached to this loan, including an $8 monthly service fee and a $350 discharge fee.

Details

Rates and fees information correct as at 14 August 2022. 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

6.27% p.a.

n/a

n/a

n/a

6.40% 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

$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. $600 application fee waived for new home loans.

$2,000 refinance cashback for loans >$250,000 and hold a NAB transaction account at the time of drawdown.

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 14 August 2022. 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

6.84% p.a.

n/a

n/a

n/a

6.63% 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

$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

$600 application fee waived for new home loans.

$2,000 refinance cashback for loans >$250,000 and hold a NAB transaction account at the time of drawdown.

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 14 August 2022. 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

6.87% p.a.

n/a

n/a

n/a

7.00% 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

$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

$600 application fee waived for new home loans.

$2,000 refinance cashback for loans >$250,000 and hold a NAB transaction account at the time of drawdown.

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 14 August 2022. 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

7.17% p.a.

n/a

n/a

n/a

7.12% 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

$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

$600 application fee waived for new home loans.

$2,000 refinance cashback for loans >$250,000 and hold a NAB transaction account at the time of drawdown.

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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Latest reviews of NAB Tailored Home Loan

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.