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 | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 95% | $20,000 | |
| | Owner Occupier | Interest Only | < 80% | $20,000 | |
| | Investor | Principal & Interest | < 95% | $20,000 | |
| | 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 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.
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.
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.
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%.
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
$600.00
$0.00
$0.00
$0.00
n/a
$8.00 monthly
$350.00
$20,000
none
none
95.00%
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.
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
$600.00
$0.00
$0.00
$0.00
n/a
$8.00 monthly
$350.00
$20,000
none
none
80.00%
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.
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
$600.00
$0.00
$0.00
$0.00
n/a
$8.00 monthly
$350.00
$20,000
none
none
95.00%
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.
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
$600.00
$0.00
$0.00
$0.00
n/a
$8.00 monthly
$350.00
$20,000
none
none
80.00%
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.
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 reviewWe 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.
Happy with the service.
Read full reviewHappy with the service.
All my questions have had fast results.
Read full reviewAll my questions have had fast results.
Have been great to deal with, easy process and easy banking, convenient.
Read full reviewHave been great to deal with, easy process and easy banking, convenient.
I dislike this bank because they go out of their way to make things difficult and complicate the most simple tasks.
Read full reviewI dislike this bank because they go out of their way to make things difficult and complicate the most simple tasks.
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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