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NAB Tailored Home Loan (Fixed)

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

Fixed 3 year rate
2.39% p.a.
Comparison Rate*
4.10% p.a.
Service fee
$8.00 monthly
Upfront fee
$600
Fixed 3 year rate
3.68% p.a.
Comparison Rate*
4.85% p.a.
Service fee
$8.00 monthly
Upfront fee
$600
Fixed 3 year rate
2.69% p.a.
Comparison Rate*
4.61% p.a.
Service fee
$8.00 monthly
Upfront fee
$600
Fixed 3 year rate
2.69% p.a.
Comparison Rate*
4.76% p.a.
Service fee
$8.00 monthly
Upfront fee
$600

Mozo editorial review NAB Tailored Home Loan (Fixed)

Last updated: 8 September 2020.

binocular icon
What's hot
  • Competitive 2.29% p.a. two year fixed rate (4.25% p.a. comparison rate*) for 3 years
  • Free extra repayments up to $20,000 during fixed period
  • $2,000 cash bonus offer for refinancers (conditions apply)
What's not
  • $600 application fee
  • $8 monthly service fee
Mozo snapshot

If you were looking for a fixed rate home loan that doesn’t leave you feeling locked in, the NAB Tailored Home Loan is well worth a look. There are a number of term lengths available, so you can lock in for as little as 1 year or as many as 5. And with the option to make free extra repayments up to $20,000 during the fixed term and take a repayment holiday, there’s plenty of wiggle room.

Plus, there's even a $2,000 cash bonus on offer for eligible refinance customers, until 31 January 2021.

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Key features

The NAB Tailored Home Loan lets buyers lock in fixed terms of up to 5 years, with a number of competitive rates under the 3% mark available. There are options for both owner occupiers and investors looking to pay principal and interest or interest only.

Here's a rundown of what's on offer for owner occupiers making principle and interest repayments: 

- 1 year fixed rate: 2.39% (4.45% comparison rate*)

- 2 year fixed rate: 2.29% (4.25% comparison rate*)

- 3 year fixed rate: 2.39% (4.10% comparison rate*)

- 4 year fixed rate: 2.89% (4.11% comparison rate*)

- 5 year fixed rate: 2.89% (3.99% comparison rate*) 


Interest rates for investors start at a low 2.69% for both the 2 and 3 year fixed terms (4.80% comparison rate* and 4.61% comparison rate* respectively). 

Repayments can be made weekly, fortnightly or monthly, and if you want to pay down your loan faster you’ll be able to make up to $20,000 of free extra repayments over the length of the fixed term. The lack of redraw facility means you won’t be able to retrieve those funds though.

You’ll be able to borrow up to 95% of a property’s value, making this a good option for first home buyers looking to hoist themselves up the property ladder. And if your life circumstances change and you need a short repayment holiday, that option is available to you, just as long as you’ve been making extra repayments.

Finally, if you're looking to refinance a home loan of $250,000 or more before 31 January 2021, then you could be eligible for a $2,000 cash bonus. To nab this nifty offer you'll have to be refinancing from a provider other than NAB, UBank, Medfin or Advantage home loans and your home loan must not be part of the First Home Loan Deposit Scheme.

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Who is it good for

This one would appeal to borrowers looking for a high value home loan from a big bank. Owner occupiers should keep an eye out for the 3 and 4 year rates, which offer more value when you take into account fees and other charges.

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Any catches

Along with a couple of one-off fees at the start and end of the loan, you’ll also have to spring for the $8 monthly service fee, which will add up to almost $100 a year.

At the end of the fixed term, your rate will revert to 3.92% p.a., so make sure you’ve got a plan in place as your fixed term nears its end. If that revert rate is a bit too much to stomach, you’ll have to refinance or negotiate a better deal with NAB.

Details

Rates and fees information correct as at 26 October 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.39% (4.45%*)

  • 2.29% (4.25%*)

  • 2.39% (4.10%*)

  • 2.89% (4.11%*)

  • 2.89% (3.99%*)

  • n/a

  • n/a

  • 4.52% p.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
  • Weekly, Fortnightly, Monthly

  • yes - free up to $20,000 during the fixed rate period

  • yes

  • no

  • none

  • yes

  • no

  • 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 26 October 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.89% (5.11%*)

  • 3.68% (4.97%*)

  • 3.68% (4.85%*)

  • 3.89% (4.81%*)

  • 3.89% (4.73%*)

  • n/a

  • n/a

  • 5.09% p.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
  • Monthly

  • yes - free up to $20,000 during the fixed rate period

  • yes

  • no

  • none

  • yes

  • no

  • 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 26 October 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.69% (5.02%*)

  • 2.59% (4.78%*)

  • 2.69% (4.61%*)

  • 3.19% (4.60%*)

  • 3.19% (4.46%*)

  • n/a

  • n/a

  • 5.12% p.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
  • Weekly, Fortnightly, Monthly

  • yes - free up to $20,000 during the fixed rate period

  • yes

  • no

  • none

  • yes

  • no

  • 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 26 October 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.79% (5.21%*)

  • 2.69% (4.97%*)

  • 2.69% (4.76%*)

  • 3.19% (4.73%*)

  • 3.19% (4.58%*)

  • n/a

  • n/a

  • 5.32% p.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
  • Monthly

  • yes - free up to $20,000 during the fixed rate period

  • yes

  • no

  • none

  • yes

  • no

  • 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 2884 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 (Fixed)

  • Overall 0/10
    Very impersonal.

    I'm currently in the process of changing banks

    Read full review

    I'm currently in the process of changing banks

    Price
    3/10
    Features
    2/10
    Customer service
    0/10
    Convenience
    0/10
    Trust
    2/10
    Less
    Kirsti, Victoria reviewed 12 months ago
  • Overall 9/10
    Good

    Very good

    Read full review

    Very good

    Price
    8/10
    Features
    9/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    6/10
    Less
    Dominic, Western Australia reviewed over 2 years ago
  • Overall 9/10
    Very satisfied overall, low fees and great service

    Very happy with the low fees and great service

    Read full review

    Very happy with the low fees and great service

    Price
    8/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -
    Less
    Carly, South Australia reviewed over 3 years ago
  • Overall 5/10
    Not thoroughly happy

    Asked for insurance then I went to claim and they said I didn't have it. Not happy.

    Read full review

    Asked for insurance then I went to claim and they said I didn't have it. Not happy.

    Price
    6/10
    Features
    6/10
    Customer service
    1/10
    Convenience
    8/10
    Trust
    1/10
    Less
    Sharee, New South Wales reviewed over 4 years ago
  • Overall 2/10
    Staff training required

    I've been given incorrect info on loan amounts from staff

    Read full review

    I've been given incorrect info on loan amounts from staff

    Price
    2/10
    Features
    2/10
    Customer service
    4/10
    Convenience
    2/10
    Trust
    2/10
    Less
    Tara, Queensland reviewed almost 5 years 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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2.76% p.a.

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2.54% p.a.

2.81% p.a.

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Smart Home Loan

2.48% p.a.

2.50% p.a.

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HSBC

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2.59% p.a.

2.60% p.a.

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Athena

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AcceleRATES Variable Home Loan

2.34% p.a.

2.34% p.a.

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Homestar

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Star Essentials Home Loan

2.29% p.a.

2.32% p.a.

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UHomeLoan - Discount Offer

2.49% p.a.

2.49% p.a.

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Back to Basics

2.68% p.a.

2.69% p.a.

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2.59% p.a.

2.76% p.a.

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n/a

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fixed 3 years

2.95% p.a.

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2.38% p.a.

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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.