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
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. On top of this, NAB is waiving its $600 home loan application fee - Plus, there's even a $2,000 cash bonus on offer for eligible refinance customers.
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: 2.09% (4.42% comparison rate*)
• 2 year fixed rate: 2.44% (4.28% comparison rate*)
• 3 year fixed rate: 2.89% (4.23% comparison rate*)
• 4 year fixed rate: 2.99% (4.14% comparison rate*)
• 5 year fixed rate: 3.19% (4.11% comparison rate*)
Interest rates for investors start at a low 2.49% for the 1 year fixed term (5.00% comparison rate*).
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, 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.
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.
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 4.52% 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.
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| 2.09% (4.42%*) | |
| 2.44% (4.28%*) | |
| 2.89% (4.23%*) | |
| 2.99% (4.14%*) | |
| 3.19% (4.11%*) | |
| n/a | |
| n/a | |
| 4.52% p.a. |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $8.00 monthly | |
| $350.00 |
| $20,000 | |
| none | |
| none | |
| 95.00% |
| 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. $600 application fee waived for new home loans. | |
| $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.
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| 3.79% (4.75%*) | |
| 3.79% (4.65%*) | |
| 3.99% (4.59%*) | |
| 4.09% (4.54%*) | |
| 4.19% (4.51%*) | |
| n/a | |
| n/a | |
| 4.99% p.a. |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $8.00 monthly | |
| $350.00 |
| $20,000 | |
| none | |
| none | |
| 80.00% |
| Monthly | |
| yes - free up to $20,000 during the fixed rate period | |
| yes | |
| no | |
| none | |
| yes | |
| no | |
| none | |
| $600 application fee waived for new home loans. | |
| $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.
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| 2.49% (5.00%*) | |
| 2.79% (4.82%*) | |
| 3.09% (4.71%*) | |
| 3.19% (4.59%*) | |
| 3.29% (4.50%*) | |
| n/a | |
| n/a | |
| 5.12% p.a. |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $8.00 monthly | |
| $350.00 |
| $20,000 | |
| none | |
| none | |
| 95.00% |
| Weekly, Fortnightly, Monthly | |
| yes - free up to $20,000 during the fixed rate period | |
| yes | |
| no | |
| none | |
| yes | |
| no | |
| none | |
| $600 application fee waived for new home loans. | |
| $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.
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| 2.89% (5.27%*) | |
| 2.99% (5.06%*) | |
| 3.19% (4.92%*) | |
| 3.29% (4.79%*) | |
| 3.39% (4.68%*) | |
| n/a | |
| n/a | |
| 5.42% p.a. |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $8.00 monthly | |
| $350.00 |
| $20,000 | |
| none | |
| none | |
| 80.00% |
| Monthly | |
| yes - free up to $20,000 during the fixed rate period | |
| yes | |
| no | |
| none | |
| yes | |
| no | |
| none | |
| $600 application fee waived for new home loans. | |
| $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.
Having taken out a fixed rate mortgage, then AFTER completion finding the monthly payments were $140 more than agreed. Then when challenged the manager, she admitted they hadn’t communicated very well. Still she went on to lie to her boss, saying she had offered us an insurance against the rate going up before completion and we had declined! A COMPLETE AND UTTER LIE. How they get away with blatant theft, I do not know. In 40 years+ of owning property I have NEVER experienced such poor service from a bank.
Read full reviewHaving taken out a fixed rate mortgage, then AFTER completion finding the monthly payments were $140 more than agreed. Then when challenged the manager, she admitted they hadn’t communicated very well. Still she went on to lie to her boss, saying she had offered us an insurance against the rate going up before completion and we had declined! A COMPLETE AND UTTER LIE. How they get away with blatant theft, I do not know. In 40 years+ of owning property I have NEVER experienced such poor service from a bank.
Terrible customer service over the phone for a home loan. Whatever you ask they don’t know and transfer you to the next operator and the only answer that you hear is “I’m not sure”. Make sure don’t borrow.
Read full reviewTerrible customer service over the phone for a home loan. Whatever you ask they don’t know and transfer you to the next operator and the only answer that you hear is “I’m not sure”. Make sure don’t borrow.
App is hard to navigate, big exit fees and not much choice of accounts.
Read full reviewApp is hard to navigate, big exit fees and not much choice of accounts.
I'm currently in the process of changing banks
Read full reviewI'm currently in the process of changing banks
Very good
Read full review
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Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a. variable
2.21% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.34% p.a.
fixed 3 years
3.61% p.a.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a.
2.21% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.34% p.a.
fixed 3 years
3.61% p.a.
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fixed 3 years
2.64% p.a.
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.
