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NAB Tailored Home Loan (Choice Package)

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $249,999 with an LVR below 95%

The details shown below are for an owner occupier taking out a principal & interest loan between $250,000 and $749,999 with an LVR below 95%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $750,000 with an LVR below 95%

The details shown below are for an owner occupier taking out a interest only loan between $150,000 and $249,999 with an LVR below 80%

The details shown below are for an owner occupier taking out a interest only loan between $250,000 and $749,999 with an LVR below 80%

The details shown below are for an owner occupier taking out a interest only loan of at least $750,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $150,000 and $249,999 with an LVR below 95%

The details shown below are for an investor taking out a principal & interest loan between $250,000 and $749,999 with an LVR below 95%

The details shown below are for an investor taking out a principal & interest loan of at least $750,000 with an LVR below 95%

The details shown below are for an investor taking out a interest only loan between $150,000 and $249,999 with an LVR below 80%

The details shown below are for an investor taking out a interest only loan between $250,000 and $749,999 with an LVR below 80%

The details shown below are for an investor taking out a interest only loan of at least $750,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $150,000 $249,999

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $250,000 $749,999

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $750,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $150,000 $249,999

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $250,000 $749,999

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $750,000

  • Investor (Principal & Interest)

    LVR < 95%

    Loan: $150,000 $249,999

  • Investor (Principal & Interest)

    LVR < 95%

    Loan: $250,000 $749,999

  • Investor (Principal & Interest)

    LVR < 95%

    Loan: $750,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $150,000 $249,999

  • Investor (Interest Only)

    LVR < 80%

    Loan: $250,000 $749,999

  • Investor (Interest Only)

    LVR < 80%

    Loan: $750,000

Rate
3.92% p.a.
Comparison Rate
4.32% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
3.67% p.a.
Comparison Rate
4.08% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
3.62% p.a.
Comparison Rate
4.03% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
4.49% p.a.
Comparison Rate
4.51% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
4.24% p.a.
Comparison Rate
4.26% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
4.19% p.a.
Comparison Rate
4.21% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
4.52% p.a.
Comparison Rate
4.91% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
4.27% p.a.
Comparison Rate
4.67% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
4.22% p.a.
Comparison Rate
4.62% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
4.82% p.a.
Comparison Rate
5.00% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
4.57% p.a.
Comparison Rate
4.75% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
4.52% p.a.
Comparison Rate
4.70% p.a.
Service fee
$395.00 yearly
Upfront fee
$0

Mozo editorial review NAB Tailored Home Loan (Choice Package) - last updated: 7 July 2021

binocular icon
What's hot
  • From 3.62% variable rate (4.03% comparison rate*)
  • Borrow with a 5% deposit
  • $2,000 cash bonus offer for refinancers (conditions apply)
What's not
  • $395 annual service fee
  • $350 discharge fee
Mozo snapshot

If you’re someone who likes to stick with the big banks for your finances, then you might want to check out the NAB Tailored Home Loan (Choice Package). With this loan you’ll be able to borrow up to 95% of the property’s value (Lenders Mortgage Insurance applies) and pay no application fees. Free extra repayments and redraw are also available, giving you flexibility over the life of your loan.

Plus if you're thinking about refinancing your home loan before 31 October 2021, you could be eligible for a nifty $2,000 cash bonus.

key icon
Key features

No matter if you’re looking to buy your dream home or invest in your first property, the NAB Tailored Home Loan (Choice Package) can help. This value-packed loan offers different rate tiers depending on the amount you’re looking to borrow. Those looking to borrow up to $249,999 will receive the 3.92% variable rate (4.32% comparison rate*), while loans between $250,000 and $749,999 will come with a variable rate of 3.67% (4.08% comparison rate*) and if you're borrowing over $750,000, you'll score a 3.62% variable rate (4.03% comparison rate*). Investment loans are also available, with rates starting from 4.22% (4.62% comparison rate*).

First home buyers struggling to save up for a deposit might be happy to know that with the NAB Tailored Home Loan (Choice Package), you’ll be able to borrow with a 5% deposit. And since this is a packaged loan, you can choose to either get an ongoing 10% discount on your NAB home insurance, investor insurance or car insurance premiums or pay no annual fees on eligible NAB credit cards.

There’s also the option to open an offset account to help you save on interest, make free extra repayments or redraw any of the cash for an unexpected bill (minimum $500).

But while you may not pay an application fee, it’s worth mentioning that this loan does come with a hefty $395 annual service fee. And once you’ve paid your loan off, you’ll be charged a $350 discharge fee.

Finally, if you're looking to refinance before 31 October 2021, then you might be able to nab yourself a $2,000 cash bonus with this home loan. You must be refinancing a home loan of $250,000 or more, from a financial provider other than NAB, UBank, Medfin or Advantage home loans. This offer is also not available for First Home Loan Deposit Scheme home loans.

snapshot
Who is it good for

The NAB Tailored Home Loan (Choice Package) is a great choice for prospective homeowners or investors looking to take out a loan with a major bank.  

question icon
Any catches

While the NAB Tailored Home Loan (Choice Package) promises no application fees, you will need to factor in the considerable $395 annual service fee. And once your loan is paid off, you will be charged a $350 discharge fee.


Details

Rates and fees information correct as at 20 September 2021. 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

3.92% p.a.

n/a

n/a

n/a

4.32% 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

$395.00 yearly

$350.00

Other financial bits

$150,000

$249,999

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 October 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 20 September 2021. 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

3.67% p.a.

n/a

n/a

n/a

4.08% 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

$395.00 yearly

$350.00

Other financial bits

$250,000

$749,999

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 October 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 20 September 2021. 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

3.62% p.a.

n/a

n/a

n/a

4.03% 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

$395.00 yearly

$350.00

Other financial bits

$750,000

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 October 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 20 September 2021. 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

4.49% p.a.

n/a

n/a

n/a

4.51% 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

$395.00 yearly

$350.00

Other financial bits

$150,000

$249,999

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 October 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 20 September 2021. 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

4.24% p.a.

n/a

n/a

n/a

4.26% 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

$395.00 yearly

$350.00

Other financial bits

$250,000

$749,999

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 October 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 20 September 2021. 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

4.19% p.a.

n/a

n/a

n/a

4.21% 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

$395.00 yearly

$350.00

Other financial bits

$750,000

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 October 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 20 September 2021. 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

4.91% 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

$395.00 yearly

$350.00

Other financial bits

$150,000

$249,999

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 October 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 20 September 2021. 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

4.27% p.a.

n/a

n/a

n/a

4.67% 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

$395.00 yearly

$350.00

Other financial bits

$250,000

$749,999

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 October 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 20 September 2021. 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

4.22% p.a.

n/a

n/a

n/a

4.62% 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

$395.00 yearly

$350.00

Other financial bits

$750,000

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 October 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 20 September 2021. 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

4.82% p.a.

n/a

n/a

n/a

5.00% 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

$395.00 yearly

$350.00

Other financial bits

$150,000

$249,999

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 October 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 20 September 2021. 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

4.57% p.a.

n/a

n/a

n/a

4.75% 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

$395.00 yearly

$350.00

Other financial bits

$250,000

$749,999

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 October 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 20 September 2021. 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

4.70% 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

$395.00 yearly

$350.00

Other financial bits

$750,000

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 October 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.

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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.