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
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
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Owner Occupier | Principal & Interest | < 95% | $20,000 | |
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Owner Occupier | Interest Only | < 80% | $20,000 | |
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Investor | Principal & Interest | < 95% | $20,000 | |
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Investor | Interest Only | < 80% | $20,000 |
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
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.
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.
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.
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.
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6.27% p.a. |
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n/a |
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n/a |
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n/a |
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6.40% p.a. |
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|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
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$0.00 |
|
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$0.00 |
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$0.00 |
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n/a |
|
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$8.00 monthly |
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$350.00 |
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$20,000 |
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none |
|
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none |
|
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95.00% |
|
Owner Occupier |
|
|
Principal & Interest |
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|
Weekly, Fortnightly, Monthly |
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yes - free |
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yes |
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yes - free |
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$500.00 |
|
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yes |
|
|
yes |
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none |
|
|
33% Discount on Lenders Mortgage Insurance available to First Home Buyers. $600 application fee waived for new home loans. |
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$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.
|
6.84% p.a. |
|
|
n/a |
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n/a |
|
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n/a |
|
|
6.63% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
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$0.00 |
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$0.00 |
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$0.00 |
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n/a |
|
|
$8.00 monthly |
|
|
$350.00 |
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$20,000 |
|
|
none |
|
|
none |
|
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80.00% |
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Owner Occupier |
|
|
Interest Only |
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|
Monthly |
|
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yes - free |
|
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yes |
|
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yes - free |
|
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$500.00 |
|
|
yes |
|
|
yes |
|
|
none |
|
|
$600 application fee waived for new home loans. |
|
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$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.
|
6.87% p.a. |
|
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n/a |
|
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n/a |
|
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n/a |
|
|
7.00% p.a. |
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n/a |
|
|
n/a |
|
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n/a |
|
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n/a |
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n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
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$0.00 |
|
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$0.00 |
|
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$0.00 |
|
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n/a |
|
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$8.00 monthly |
|
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$350.00 |
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$20,000 |
|
|
none |
|
|
none |
|
|
95.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
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yes - free |
|
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yes |
|
|
yes - free |
|
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$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.
|
7.17% p.a. |
|
|
n/a |
|
|
n/a |
|
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n/a |
|
|
7.12% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$8.00 monthly |
|
|
$350.00 |
|
$20,000 |
|
|
none |
|
|
none |
|
|
80.00% |
|
Investor |
|
|
Interest Only |
|
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Monthly |
|
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yes - free |
|
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yes |
|
|
yes - free |
|
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$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.
No Hidden extra rates for services or surprise ones
Read full reviewNo Hidden extra rates for services or surprise ones
Refinanced had an existing loan with NAB and got new rate and was offered completive rates and no extra fees, very helpful and friendly service from the Loan Dept.
Read full reviewRefinanced had an existing loan with NAB and got new rate and was offered completive rates and no extra fees, very helpful and friendly service from the Loan Dept.
I got this loan through a trusted 3rd party broker and the local NAB branch don't want anything to do with me. When I go into the local branch for a query they just refer me to their loans help line. The 3rd party broker was much more helpful.
Read full reviewI got this loan through a trusted 3rd party broker and the local NAB branch don't want anything to do with me. When I go into the local branch for a query they just refer me to their loans help line. The 3rd party broker was much more helpful.
I cannot believe our friends’ child aged 24 is being offered a 2.4% interest rate but they won’t reduce ours after years of paying on time and never missing a payment. Time to refinance!
Read full reviewI cannot believe our friends’ child aged 24 is being offered a 2.4% interest rate but they won’t reduce ours after years of paying on time and never missing a payment. Time to refinance!
I like that I have one bank and one app where all my accounts and loans sit so I can see them all at a touch of a button. I don’t necessarily think this is unique or that the NAB is exceptional in any one area, but it is a convenient benefit.
Read full reviewI like that I have one bank and one app where all my accounts and loans sit so I can see them all at a touch of a button. I don’t necessarily think this is unique or that the NAB is exceptional in any one area, but it is a convenient benefit.
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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.
