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.
Plus, there's even a $2,000 cash bonus on offer for eligible refinance customers, until 31 January 2021.
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.
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 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.
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.
$600.00
$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.
$2,000 refinance cashback for loans >$250,000, drawdown before 31 Jan 2021.
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.
$600.00
$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
none
$2,000 refinance cashback for loans >$250,000, drawdown before 31 Jan 2021.
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.
$600.00
$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
none
$2,000 refinance cashback for loans >$250,000, drawdown before 31 Jan 2021.
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.
$600.00
$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
none
$2,000 refinance cashback for loans >$250,000, drawdown before 31 Jan 2021.
I'm currently in the process of changing banks
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Very good
Read full reviewVery happy with the low fees and great service
Read full reviewVery happy with the low fees and great service
Asked for insurance then I went to claim and they said I didn't have it. Not happy.
Read full reviewAsked for insurance then I went to claim and they said I didn't have it. Not happy.
I've been given incorrect info on loan amounts from staff
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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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