NAB Home Loans Rates & Fees Comparison

Rates and fees last updated on

NAB offers a wide variety of fixed and variable rate home loans that could be suitable for you.

The National Australia Bank (NAB) is one of Australia's four major banks, and with that size comes the strength of a diverse range of mortgage products.

NAB offers a huge range of home loans to cater to borrowers' financial circumstances. Whether you're looking for fixed or variable rates, line of credit home loans or a product with redraw and offset facilities, NAB has products to meet your needs.

350K NAB Rewards points offer

Customers with an eligible NAB Home Loan and Banking Bundle can earn 350,000 NAB rewards points, which can be used on flights to specific destinations or on a gift card worth up to $1,800. To take advantage of this offer you will need to have an eligible NAB home loan, rewards credit card and transaction account.
Offer ends 31 December 2017. Conditions apply.

Compare NAB home loans

Rates last updated October 18th, 2017
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.69%
4.86%
$0
$395 p.a.
90%
A special rate for first home buyers buying residential property and borrowing over $150K. 350K NAB Rewards Points offer available. Terms and conditions apply.
3.88%
4.89%
$0
$395 p.a.
95%
A fixed rate package with flexible repayment options. 350K NAB Rewards Points offer available. Terms and conditions apply.
4.17%
4.21%
$600
$0 p.a.
95%
A competitive no frills home loan. 350K NAB Rewards Points offer available. Terms and conditions apply.
4.39%
4.78%
$0
$395 p.a.
95%
Package your home loan to get discounts on your interest rate and other financial products.
3.94%
4.84%
$0
$395 p.a.
95%
Receive discounts on interest rates with the Choice Package. 350K NAB Rewards Points offer available. Terms and conditions apply.
3.89%
4.96%
$0
$395 p.a.
95%
A low interest rate home loan with flexible repayment options.
4.34%
4.74%
$0
$395 p.a.
95%
Enjoy discounted rates to a range of NAB products. 350K NAB Rewards Points offer available. Terms and conditions apply.
5.24%
5.37%
$600
$8 monthly ($96 p.a.)
95%
Tailor your home loan to suit your needs and pay a competitive rate.
4.59%
5.01%
$0
$395 p.a.
95%
A competitive loan with flexible features. 350K NAB Rewards Points offer available. Terms and conditions apply.
5.76%
$0
$550 p.a.
90%
Enjoy the flexibility of a line of credit home loan which allows you to borrow against your equity for investments and other purposes.
4.64%
5.03%
$0
$395 p.a.
95%
Enjoy package discounts on other financial products whilst paying $0 application fee.
3.99%
5.25%
$600
$8 monthly ($96 p.a.)
95%
Enjoy a low rate fixed home loan with the ability to borrow up to 95% of the property value. 350K NAB Rewards Points offer available. Terms and conditions apply.
3.98%
5.13%
$600
$8 monthly ($96 p.a.)
95%
A fixed rate home loan with additional repayment options. 350K NAB Rewards Points offer available. Terms and conditions apply.
4.04%
5.05%
$600
$8 monthly ($96 p.a.)
95%
Fix in a competitive rate for three years. 350K NAB Rewards Points offer available. Terms and conditions apply.
4.69%
5.14%
$600
$8 monthly ($96 p.a.)
95%
A flexible five year fixed rate home loan.
5.66%
$0
$550 p.a.
90%
Borrow against your equity for investments and other purposes and get a competitive interest rate.
6.29%
$0
$395 p.a.
95%
A package rate offered on NAB's flexible line of credit loan.
3.88%
4.43%
$0
$8 monthly ($96 p.a.)
95%
Lock in 2 years fixed with no application fee for Defence members.
5.86%
$0
$550 p.a.
90%
Use the equity you have built in your property to renovate or invest elsewhere.
4.59%
5.01%
$0
$395 p.a.
95%
A fixed rate home loan package with flexible repayments options.
4.69%
5.18%
$600
$8 monthly ($96 p.a.)
95%
A low-interest rate fixed home loan with construction options.
6.44%
$600
$250 p.a.
90%
A flexible home loan that helps you save on interest with an offset account.

Have we missed anything in the comparison table? Tell us

Compare up to 4 providers

Rates last updated October 18th, 2017
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
4.92%
4.96%
$0
$395 p.a.
95%
Enjoy a discounted interest rate as part of this package loan.
4.70%
4.42%
$600
$8 monthly ($96 p.a.)
90%
Save money on a basic home loan that offers free redraw and a high maximum LVR.
5.17%
5.21%
$0
$395 p.a.
95%
Enjoy a low interest rate home loan with a 100% offset account and redraw facility.
5.77%
5.58%
$600
$8 monthly ($96 p.a.)
95%
Enjoy a 100% offset account with a low ongoing fee.
4.87%
4.91%
$0
$395 p.a.
95%
Enjoy discounted rates for a range of NAB products.
5.18%
4.90%
$600
$8 monthly ($96 p.a.)
90%
A home loan with no ongoing fee and a redraw facility that you can borrow up to 90% LVR.
5.65%
5.74%
$0
$395 p.a.
95%
6.25%
6.11%
$600
$8 monthly ($96 p.a.)
95%
Enjoy a 100% offset account with a low ongoing fee.
5.40%
5.49%
$0
$395 p.a.
95%
5.35%
5.44%
$0
$395 p.a.
95%
4.49%
5.96%
$0
$8 monthly ($96 p.a.)
95%
4.49%
5.81%
$0
$8 monthly ($96 p.a.)
95%
4.49%
5.68%
$0
$8 monthly ($96 p.a.)
95%
4.99%
5.73%
$0
$8 monthly ($96 p.a.)
95%
4.99%
5.65%
$0
$8 monthly ($96 p.a.)
95%
4.39%
5.63%
$0
$395 p.a.
95%
4.39%
5.53%
$0
$395 p.a.
95%
4.39%
5.44%
$0
$395 p.a.
95%
4.89%
5.53%
$0
$395 p.a.
95%
4.89%
5.48%
$0
$395 p.a.
95%
4.59%
5.47%
$600
$8 monthly ($96 p.a.)
95%
4.59%
5.37%
$600
$8 monthly ($96 p.a.)
95%
4.59%
5.27%
$600
$8 monthly ($96 p.a.)
95%
5.09%
5.35%
$600
$8 monthly ($96 p.a.)
95%
Protect against interest rate rises with a fixed home loan from NAB.
5.09%
5.30%
$600
$8 monthly ($96 p.a.)
95%
4.49%
5.15%
$0
$8 monthly ($96 p.a.)
95%
4.49%
5.09%
$0
$8 monthly ($96 p.a.)
95%
4.49%
5.04%
$0
$8 monthly ($96 p.a.)
95%
4.99%
5.15%
$0
$8 monthly ($96 p.a.)
95%
4.99%
5.14%
$0
$8 monthly ($96 p.a.)
95%

Have we missed anything in the comparison table? Tell us

Compare up to 4 providers

Rates last updated October 18th, 2017
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
5.80%
5.93%
$600
$8 monthly ($96 p.a.)
95%
Enjoy a 100% offset account with a low ongoing fee.
4.65%
4.69%
$600
$8 monthly ($96 p.a.)
90%
Save on a no-frills home loan that offers a competitive rate without the bells and whistles.
4.39%
5.79%
$600
$8 monthly ($96 p.a.)
95%
Borrow up to 95% LVR with a low ongoing fee.
4.19%
5.62%
$600
$8 monthly ($96 p.a.)
95%
Get peace of mind by fixing your investment home loan rate for 2 years.
4.24%
5.50%
$600
$8 monthly ($96 p.a.)
95%
Get a competitive 3-year fixed rate to buy your next investment property.
4.89%
5.61%
$600
$8 monthly ($96 p.a.)
95%
Borrow up to 95% LVR with a low ongoing fee.
4.89%
5.54%
$600
$8 monthly ($96 p.a.)
95%
Borrow up to 95% LVR with a low ongoing fee.
4.95%
5.33%
$0
$395 p.a.
95%
An investment loan offered by NAB with $0 application fees. Enjoy an interest rate discount for variable rate home loans.
4.90%
5.29%
$0
$395 p.a.
95%
5.20%
5.58%
$0
$395 p.a.
95%
Package your investment loan and pay no application fees.
4.29%
5.49%
$0
$395 p.a.
95%
4.09%
5.37%
$0
$395 p.a.
95%
4.14%
5.29%
$0
$395 p.a.
95%
Lock in the interest rate on your investment purchase for 3 years and enjoy the benefits of a package home loan.
4.79%
5.44%
$0
$395 p.a.
95%
Package your 4-year fixed rate investment loan and pay no application fees.
4.79%
5.41%
$0
$395 p.a.
95%

Have we missed anything in the comparison table? Tell us

Compare up to 4 providers

NAB home loan features

Some of the features offered by NAB home loans are:

  • Fixed or variable interest rates. A fixed interest rate allows you to lock in your repayments for a set period of time, while a variable interest rate may change over the life of the loan.
  • Interest-only or principal and interest repayments. Principal and interest loan repayments mean that part of your regular repayment is allocated toward the interest on your home loan, while part is allocated toward paying off the principal, or original amount borrowed. By contrast, an interest-only loan allows you to repay only the interest portion of your loan while leaving the principal untouched. These loans are popular with investors.
  • Line-of-credit home loans. Line-of-credit home loans are different to other loans as you will not receive money for your purchase, but you will receive a credit to draw upon when you need to. While line-of-credit loans are very flexible, they require a bit of budgeting.
  • Offset accounts. Offset accounts are accounts linked to a home loan and allow you to reduce the amount of your loan on which interest is calculated. This can help you repay your home loan faster.
  • Repayment holidays. If you would like to free up some money, or are experiencing financial hardship, you can use the repayment holiday feature to stop making repayments for a while so you can use the money elsewhere.
  • Redraw facility. A redraw facility allows you to access any extra repayments you've made on your home loan and draw the excess out in the form of cash.
  • Overdraft. An overdraft facility allows you to use some of the money on your loan in the form of a line of credit.
  • Loans suitable for building. If you are building a new home, then you may have a few different needs. Construction loans disburse funds in stages as it is needed throughout the building process.
  • Split rate loans. If you find that you like the features of two or more loans, or you would like to hedge your bets with a different loan, then the split loan feature will allow you to do so.

Considerations for borrowers refinancing their loan

NAB home loan specialists will tailor a loan to suit your needs at application and into the future, but if those needs change, NAB also makes it easy to refinance. Whether it is your aim to pay off your home loan as early as possible, keep your repayments to a minimum, or to gain more flexibility, NAB home loans are able to work with you to put together a suitable package. If you've seen a NAB home loan product which you think will fit into your lifestyle, find out more about the features and fees of the loan.

Some of the loans offered by NAB

NAB Tailored Home Loan Variable Rate

This home loan offers features that are focused on helping you pay your home loan off early, allowing you to take advantage of making additional repayments whenever you can.

About the NAB Tailored Home Loan Variable Interest Rate

NAB Tailored Home Loan Fixed Rate

A fixed interest rate home loan means that you can enjoy the certainty of knowing that your repayments will not increase, even if official rates are on the rise.

About the NAB Tailored Home Loan Fixed Interest Rate

NAB Portfolio Facility (LOC)

The NAB Portfolio Facility (LOC) is a line-of-credit home loan that allows you to release the equity you have built up in your old home so you can use the funds to build or renovate.

More About Portfolio Facility

NAB Choice Package

The NAB Choice Package can be added to several eligible NAB home loans, and offers discounts on interest and fees as well as on other NAB banking products.

More About NAB Choice Package - Fixed Rate Home Loan

More About NAB Choice Package - Variable Rate Home Loan

More About NAB Flexiplus Mortgage with Choice Package

Defence Force Home Loans

To cater to the unique and fluid needs of Defence Force personnel, NAB offers the NAB Defence Force Home Loan which works in conjunction with the Defence Home Ownership Assistance Scheme.

More about NAB Defence Force Home Loans

Know how much you want to borrow? Use our calculator to find out what your repayments will be

How to apply for a NAB home loan

If a NAB home loan is the best option for you, click on 'more info' to get more information on the loan you are interested in. Then click the green button on the loan review page and you will be directed securely to the NAB Home Loans information and application page.

After you fill in your details a NAB Home Loan Specialist will contact you to help you with the rest of your application, and provided that you are able to supply the appropriate documentation, pre-approval can usually be given on the spot. This means that your home loan is approved subject to a credit check and information that you have provided being verified.

To help speed up this process, before you call or speak to a NAB representative you should gather the relevant documentation, including:

  • Proof of identity
  • Proof of income
  • Information on any liabilities such as personal loans, credit cards or other home loans

The second step is verification, where NAB will check if you have all of your required documents. These documents need to support all the information that you've given in your application form. NAB will also perform a credit check on all the borrowers listed on the application, via a credit-reporting agency.

You will also need to provide information on the property you plan to purchase in order for the application to proceed, NAB will perform a valuation of the property as well. Documents you will need to provide regarding the property include:

  • Contract of sale
  • Details of the conveyancer or solicitor who is handling the purchase
  • Transfer of title (if available)

If everything is in order NAB will give you formal approval, which means that you can now sign the contract. NAB will contact you to let you know that your home loan has been formally approved and then they will prepare all the documentation and have you sign the originals. You will be given a copy for your records so you can refer to them in the future. If you are eligible for the First Home Owner Grant then NAB will help you complete the forms involved and submit them for you.

NAB will contact your conveyancer or solicitor to arrange settlement of your new property. The real estate agent will provide you with the keys to the property and any other required documentation.

Was this content helpful to you? No  Yes

Related Posts

This page was last modified on 16 October 2017 at 10:31am.

Bank Australia Basic Home Loan - Variable (Owner Occupier)

Pay no ongoing fees on a competitive variable rate home loan.

NAB Choice Package Home Loan - 2 Year Fixed (Owner Occupier P&I)

A fixed rate package with flexible repayment options. 350K NAB Rewards Points offer available. Terms and conditions apply.

Greater Bank Ultimate Home Loan - Discounted 1 Year Fixed LVR ≤90% ($150K+ Owner Occupier)

Discount off an already competitive interest rate for loans over $150k. NSW, QLD and ACT residents only.

IMB Budget Home Loan - LVR <=90% (Owner Occupier, P&I)

Get a competitive rate without features you may not use.

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

6 Responses

  1. Default Gravatar
    mattOctober 5, 2015

    Hi,
    Just wanting to know some more about the NAB rural home loan packages.
    I would like to buy a rural property as a weekender/hobby farm.
    If i can get some details as so far i have been unable to find on the NAB website.
    We have some savings and also plenty of equity in our residence.
    I trust that we can find out and secure the property which we are looking at.
    Thanks,
    Matt

    • Staff
      MarcOctober 6, 2015Staff

      Hi Matt,
      thanks for the question.

      I was unable to find specific information relating to NAB’s range of rural home loans, but you might want to read our general rural home loans guide and contact an expert mortgage broker to find out what banks are offering loans for this purpose.

      I hope this helps,
      Marc.

  2. Default Gravatar
    ClareFebruary 5, 2014

    Hi,
    We have a NAB Portfolio facility which we set up to purchase our current home. We are considering selling another property we have (it is currently owned outright/we have clear title). If we “zero” the line of credit with NAB, can we obtain the title for our home? If we do this, can we then redraw on the line of credit to purchase something else/for everyday expenses?
    thanks

    • Staff
      ShirleyFebruary 5, 2014Staff

      Hi Clare,

      Thanks for your comment.

      This should be possible with the NAB Portfolio Facility, but ultimately it’s up to NAB to decide. It’s best to contact them directly about this as they would be able to provide you with more personalised information.

      Cheers,
      Shirley

  3. Default Gravatar
    terryongJanuary 8, 2014

    Is Homeside and Homeplus part of national bank?

    • Staff
      MarcJanuary 8, 2014Staff

      Hello Terryong,
      thanks for the question.

      Homeside is indeed part of the National Australia Bank (NAB). Homeplus is the name of one of the home loan products offered through Homeside.

      I hope this helps,
      Marc.

Ask a question