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NAB Tailored Home Loan (Fixed)

Advertiser disclosure

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
2.28% p.a.
Comparison Rate
4.07% p.a.
Service fee
$8.00 monthly
Upfront fee
$600
Fixed 3 year rate
3.69% p.a.
Comparison Rate
4.52% p.a.
Service fee
$8.00 monthly
Upfront fee
$600
Fixed 3 year rate
2.54% p.a.
Comparison Rate
4.57% 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: 15 September 2021

binocular icon
What's hot
  • Competitive 2.09% p.a. two year fixed rate (4.22% p.a. comparison rate*)
  • 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 October 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: 2.19% (4.43% comparison rate*)

- 2 year fixed rate: 2.09% (4.22% comparison rate*)

- 3 year fixed rate: 2.28% (4.07% comparison rate*)

- 4 year fixed rate: 2.59% (4.01% comparison rate*)

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


Interest rates for investors start at a low 2.39% for the 2 fixed term (4.75% 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 before 31 October 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 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.

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

n/a

n/a

n/a

n/a

2.19% (4.43%*)

2.09% (4.22%*)

2.28% (4.07%*)

2.59% (4.01%*)

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 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

n/a

n/a

n/a

n/a

3.69% (4.75%*)

3.69% (4.63%*)

3.69% (4.52%*)

3.99% (4.51%*)

3.99% (4.43%*)

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 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

n/a

n/a

n/a

n/a

2.64% (5.01%*)

2.39% (4.75%*)

2.54% (4.57%*)

3.04% (4.54%*)

3.04% (4.40%*)

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 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

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 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.