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NAB home loans

NAB has home loans for owner-occupiers and investors, with rates starting from 6.59%.

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NAB is one of Australia's Big Four banks. NAB has home loans for investors and owner-occupiers, including fixed and variable rates and home loan packages. Check out the full table of NAB products below or read more about the lender and its loans.

Compare NAB home loans for July 2024

Hit the "Load more" button to compare a bigger selection of products. You can also find more information on each individual product by clicking "more info".

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Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
NAB logo
Principal & Interest 3Y Fixed5% min. depositOwner-occupier
NAB logo
Principal & Interest 3Y Fixed5% min. depositOwner-occupier
Product NameNAB Choice Package Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.59%
Comp. Rate p.a.8.04%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Interest Rate
6.59%
Comparison Rate
8.04%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$958
NAB logo
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
NAB logo
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
Product NameNAB Choice Package Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.69%
Comp. Rate p.a.8.35%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Interest Rate
6.69%
Comparison Rate
8.35%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$968
NAB logo
Principal & Interest 2Y Fixed5% min. depositOwner-occupier
NAB logo
Principal & Interest 2Y Fixed5% min. depositOwner-occupier
Product NameNAB Choice Package Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.59%
Comp. Rate p.a.8.18%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Interest Rate
6.59%
Comparison Rate
8.18%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$958
NAB logo
Principal & Interest 2Y Fixed10% min. depositInvestment
NAB logo
Principal & Interest 2Y Fixed10% min. depositInvestment
Product NameNAB Choice Package Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.74%
Comp. Rate p.a.8.67%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Interest Rate
6.74%
Comparison Rate
8.67%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$973
NAB logo
Principal & Interest 4Y Fixed5% min. depositOwner-occupier
NAB logo
Principal & Interest 4Y Fixed5% min. depositOwner-occupier
Product NameNAB Choice Package Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.74%
Comp. Rate p.a.7.96%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Interest Rate
6.74%
Comparison Rate
7.96%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$973
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NAB key facts

  • NAB is one of Australia's biggest lenders and has a large range of home loan products. This includes package home loans with lots of extra features and simpler loans with just the basics.
  • NAB has a nationwide network of bank branches plus phone support and online support.
  • You can get some NAB home loans with a deposit as low as 5%, but many loans require a standard 20% deposit.
  • NAB also offers personal loans, credit cards, savings accounts and other banking products and services.

Review by our senior home loans writer Richard Whitten

NAB mortgage features

Here are the key features and details you need to know about NAB's mortgage products.

FeatureDetails
Deposit sizeYou can borrow up to 95% with some NAB mortgages, including some very competitive rates. But many rates require larger deposits, so look carefully at each loan's LVR.
Offset accountSome NAB loans come with 100% offset accounts, but not all of them, so check carefully before applying.
Repayment optionsNAB's fixed and variable rate loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans.
Package BenefitsNAB's package home loans offer discounted mortgage rates, offset accounts and fee waivers on the loan and a credit card.

How do I apply for a NAB mortgage?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

Each NAB product has specific eligibility criteria but some will apply to all products. For example:

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with NAB you are required to provide certain information, so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

๐Ÿ“„ Property details: You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

๐Ÿ“„ Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

๐Ÿ“„ Proof of income documents. Recent payslips can establish your income.

๐Ÿ“„ Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

Lenders like NAB

If you're interested in Australia's biggest banks you can also compare loans from NAB's Big Four rivals.

More home loan questions

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Editor

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio

Richard's expertise
Richard has written 526 Finder guides across topics including:
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8 Responses

    Default Gravatar
    JaneOctober 22, 2021

    Do NAB offer a reverse mortgage ?

      AvatarFinder
      RichardOctober 27, 2021Finder

      Hi Jane,

      NAB does not offer reverse mortgages. You can check lenders that do offer reverse mortgages here.

      Hope this helps!

      Cheers,
      Richard

    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

      AvatarFinder
      MarcOctober 6, 2015Finder

      Hi Matt,

      Thanks for the question.

      While there is no specific information relating to NAB’s range of rural home loans, you might want to read our general rural home loans guide. I also recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender thatโ€™s more inclined to review your application.

      I hope this helps,
      Marc

    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

      AvatarFinder
      ShirleyFebruary 5, 2014Finder

      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

    Default Gravatar
    terryongJanuary 8, 2014

    Is Homeside and Homeplus part of national bank?

      AvatarFinder
      MarcJanuary 8, 2014Finder

      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.

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