How do I compare NRMA Home Loans products?

To make sure you find the right NRMA Home Loans product, you need a clear idea of what you're looking for in a mortgage. These simple questions can help: Are you comfortable applying online? NRMA Home Loans offers a digital application so you need to be comfortable completing the entire home loan process online. What do you need the loan for? If you're buying a home to live in you need an owner-occupier loan. Property investors need an investment loan rate. NRMA Home Loans has both. Fixed or variable? Do you want the flexibility of a variable rate loan that could rise or fall at any time? Or are you happy to lock in a fixed rate for a certain period so you can forget about rate changes at all? See our full guide for further comparison. What features do you need? If you want a 100% offset account with your home loan, you can choose this with an NRMA Home Loan Offset Home Loan.

What is home loan pre-approval?

Home loan pre-approval is an optional step in the application process that some lenders offer. Pre-approval means a lender has examined your savings, income and spending habits and has a rough idea of how much it could lend you. It's not the same as full loan approval and it's no guarantee that the lender will ultimately approve a full application. But it does allow borrowers to start looking for a home with more confidence and a clearer idea of their borrowing power. Pre-approval is not something every lender offers, but many do.

Should I go with a fixed or variable rate?

Deciding between a fixed or variable rate depends on what you want from the loan. A variable rate loan can change at any time, either up or down. A variable rate usually offers more flexibility in how fast you can repay the loan and the cost of refinancing. A fixed rate loan offers total certainty about your rate, for the fixed period. This means it won't rise, costing you more. But if your lender starts lowering rates you won't benefit either. Refinancing a fixed rate loan means breaking the loan, because you've agreed to a specific rate. This means you may have to pay a fixed rate break fee.

Do I need a mortgage broker?

Mortgage brokers are home loan professionals who can help you find a suitable loan. A broker typically charges you no fee, because they receive a commission from your lender. Brokers are great if you are short on time or find the whole process of researching and applying for a home loan confusing. But you can definitely do it yourself and find a good loan. You may even find a better deal. That's because brokers don't compare loans from every lender in the market. They have access to a panel of loans and often don't have smaller online lenders in their panel.

NRMA Home Loans

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NRMA Home Loans is a product of NRMA Insurance offered through its partnership with Bendigo and Adelaide Bank.
It offers both fixed and variable home loans.
To be eligible for a loan from NRMA Home Loans, the property must be located in a capital city or major regional area.
The application process for NRMA Home Loans is digital.

Compare NRMA Home Loans for November 2026

5 of 216 results

Finder Score	Interest Rate p.a.	Comparison Rate p.a.	Fees	Features	Monthly Payment
Finder score 9.6 Excellent NRMA Home Loans Variable Offset Home Loan	Finder score 9.6 Excellent	Interest Rate 6.19%	Comparison Rate 6.39%	Fees Application: $0 Ongoing: $180 p.a.	Principal & Interest50% min. equityOwner-occupierOffset account	Monthly Payment $3,063 per month	Bonus offer: Existing NRMA Insurance customers and NRMA members receive a $1,500 virtual gift card on settlement. T&Cs apply.	Go to site View details Compare product selectionCompare	loading
Finder score 9 Excellent NRMA Home Loans Variable Basic Home Loan	Finder score 9 Excellent	Interest Rate 6.19%	Comparison Rate 6.23%	Fees Application: $0 Ongoing: $0 p.a.	Principal & Interest40% min. equityOwner-occupier	Monthly Payment $3,063 per month	Bonus offer: Existing NRMA Insurance customers and NRMA members receive a $1,500 virtual gift card on settlement. T&Cs apply.	Go to site View details Compare product selectionCompare	loading
Finder score 9.6 Excellent NRMA Home Loans Variable Offset Home Loan	Finder score 9.6 Excellent	Interest Rate 6.19%	Comparison Rate 6.39%	Fees Application: $0 Ongoing: $180 p.a.	Principal & Interest40% min. equityOwner-occupierOffset account	Monthly Payment $3,063 per month	Bonus offer: Existing NRMA Insurance customers and NRMA members receive a $1,500 virtual gift card on settlement. T&Cs apply.	View details Compare product selectionCompare	loading
Finder score 9.5 Excellent NRMA Home Loans Variable Offset Home Loan	Finder score 9.5 Excellent	Interest Rate 6.28%	Comparison Rate 6.48%	Fees Application: $0 Ongoing: $180 p.a.	Principal & Interest30% min. equityOwner-occupierOffset account	Monthly Payment $3,092 per month	Bonus offer: Existing NRMA Insurance customers and NRMA members receive a $1,500 virtual gift card on settlement. T&Cs apply.	View details Compare product selectionCompare	loading
Finder score 9.4 Excellent NRMA Home Loans Variable Offset Home Loan	Finder score 9.4 Excellent	Interest Rate 6.64%	Comparison Rate 6.84%	Fees Application: $0 Ongoing: $180 p.a.	Principal & Interest30% min. equityInvestmentOffset account	Monthly Payment $3,210 per month	Bonus offer: Existing NRMA Insurance customers and NRMA members receive a $1,500 virtual gift card on settlement. T&Cs apply.	View details Compare product selectionCompare	loading

Showing 5 of 216 results

Congratulations, NRMA!

NRMA was a big winner in the 2026 Finder Awards.

Highly Commended, Best Owner Occupier P&I Variable Home Loan: NRMA Home Loans Variable Offset Home Loan - 100% Offset (Owner Occupier, P&I)
Highly Commended, Best Variable Home Loan with Offset: NRMA Home Loans Variable Offset Home Loan - 100% Offset (Owner Occupier, P&I)
Highly Commended, Best Value Home Loan: NRMA Home Loans Variable Offset Home Loan - 100% Offset (Owner Occupier, P&I)

Full list of 2026 home loans winners

NRMA Home Loans features

Here are some of the key features to know about NRMA Home Loans's options:

Feature	Details
Deposit size	You'll need a deposit of at least 20% for the NRMA Home Loans Basic Home Loan, or at least 10% for the Offset Home Loan
Offset account	Get up to six 100% offset accounts per loan (only available with an Offset Home Loan).
Loan types	You can choose an owner-occupier loan or an investment loan, with variable and fixed rate options.
Repayment options	NRMA Home Loans products are available as principal and interest repayments or interest only.
Loan term	The minimum loan term available is 10 years and the maximum is 30 years.
Loan amount	You can borrow from $50,000 up to $7,500,000.
Redraw	Unlimited redraw is available on repayments made above your monthly minimum. You must be at least one full repayment ahead, and the amount you can redraw is anything extra on top of that. Online and manual redraw are available on both the Basic Home Loan and the Offset Home Loan.

How do I apply for a mortgage from NRMA Home Loans?

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

The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

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 NRMA Home Loans 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:

📄 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.

📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

📄 Proof of income documents. Recent payslips can establish your income.

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

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Compare other products from NRMA

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. NRMA Home Loans page
2. NRMA Home Loans Rates and Fees

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Written by

Rebecca Pike

Editor, Money

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Rebecca Pike is Finder’s money editor, with over 7 years of experience in mortgages and personal finance. A frequent TV and radio commentator, she frequently appears on Sunrise and 7News, Today and 9News, as well as Sky News, Channel 10 and across radio and print. Rebecca previously served as Editor of Mortgage Professional Australia. She has a Master’s degree in Journalism as well as ASIC-recognised certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, which comply with ASIC guidelines. See full bio

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Rebecca has written 253 Finder guides across topics including:

Home loans
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NRMA Home Loans

Whether you're buying a home to live in or as an investment, NRMA Home Loans has both fixed and variable home loans for you with an optional add-on offset account, available with an Offset Home Loan.

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