NRMA Insurance Home Loans

Whether you want to live in or rent out, NRMA Insurance has both fixed and variable home loans for you with an optional add-on offset account.

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NRMA is an insurance provider which also offers 2 types of home loans: fixed home loans and variable home loans.

Compare NRMA home loans for February 2025

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Name Finder Score Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
NRMA Insurance Home Loan logo
Principal & Interest 2Y Fixed10% min. depositOwner-occupierOffset account
NRMA Insurance Home Loan logo
Principal & Interest 2Y Fixed10% min. depositOwner-occupierOffset account
Product NameNRMA Insurance Fixed Home Loan
Interest Rate TypeFixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.74%
Comp. Rate p.a.6.12%
Minimum Loan Amount$50,000
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan Facility
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.74%
Comparison Rate
6.12%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$876
NRMA Insurance Home Loan logo
Interest only 2Y Fixed10% min. depositInvestmentOffset account
NRMA Insurance Home Loan logo
Interest only 2Y Fixed10% min. depositInvestmentOffset account
Product NameNRMA Insurance Fixed Home Loan
Interest Rate TypeFixed rate
Repayment Type Interest Only
Interest Rate p.a.6.14%
Comp. Rate p.a.6.48%
Minimum Loan Amount$50,000
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan Facility
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.14%
Comparison Rate
6.48%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$914
NRMA Insurance Home Loan logo
Principal & Interest10% min. depositOwner-occupierOffset account
NRMA Insurance Home Loan logo
Principal & Interest10% min. depositOwner-occupierOffset account
Product NameNRMA Insurance Variable Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.03%
Comp. Rate p.a.6.18%
Minimum Loan Amount$50,000
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan Facility
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.03%
Comparison Rate
6.18%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$904
NRMA Insurance Home Loan logo
Principal & Interest 2Y Fixed10% min. depositInvestmentOffset account
NRMA Insurance Home Loan logo
Principal & Interest 2Y Fixed10% min. depositInvestmentOffset account
Product NameNRMA Insurance Fixed Home Loan
Interest Rate TypeFixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.04%
Comp. Rate p.a.6.47%
Minimum Loan Amount$50,000
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan Facility
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.04%
Comparison Rate
6.47%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$905
NRMA Insurance Home Loan logo
Principal & Interest 1Y Fixed10% min. depositOwner-occupierOffset account
NRMA Insurance Home Loan logo
Principal & Interest 1Y Fixed10% min. depositOwner-occupierOffset account
Product NameNRMA Insurance Fixed Home Loan
Interest Rate TypeFixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.99%
Comp. Rate p.a.6.17%
Minimum Loan Amount$50,000
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan Facility
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.99%
Comparison Rate
6.17%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$900
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NRMA Insurance Home Loan key facts:

  • NRMA is an insurance provider which also offers home loans through its partnership with Bendigo and Adelaide Bank.
  • To be eligible for an NRMA Insurance home loan you must live in a capital city or major regional centre, outside of Victoria.
  • The application process for an NRMA Insurance home loan is fully digital.

NRMA Insurance Home Loan features

Here are some of the key features to know about NRMA's home loan options:

FeatureDetails
Deposit sizeYou will need a deposit of at least 10% to get a NRMA home loan.
Optional offset accountYou can choose to have a 100% offset account attached to your home loan for a fee of $10 a month.
Loan typesYou can choose an owner-occupier loan or an investment loan, with variable and fixed rate options.
Repayment optionsNRMA home loans are available as principal and interest repayments or interest only.
Loan termThe minimum loan term available is 10 years and the maximum is 30 years.
Loan amountYou can borrow from $50,000 up to $3 million.
RedrawThere's no limit to the amount you can redraw, as long as they are coming from your additional repayments. There's no fee for electronic redraw but a $50 fee for manual.
Split accountsYou can split your loan up to 5 times.

How do I apply for an NRMA Insurance home loan?

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 eligibility criteria for an NRMA Insurance home loan is as follows:

  • Age. You must be over 18 years of age.
  • Residency. You should be a permanent resident or citizen of Australia.
  • Employment. You should have a regular source of income.
  • Location. Your property must be in a capital city or major regional centre.
  • Property type. The property must be an established property, not land or off plan.

Documents required

When you apply for a mortgage with NRMA you will need to provide the relevant documentation.

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.

Proof of employment.

You must be able to verify your employment. Different forms of verification are acceptable for employed, self-employed and casual workers.

Financial situation.

Being completely online, NRMA has capability for you to connect your bank statements digitally. Alternatively, you can manually upload the required documents, which may bank transactions, loan statements and credit card statements.

More home loan questions

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Senior Money Writer

Rebecca Pike is Finder’s senior money writer, with over 10 years of experience in mortgages and personal finance. A frequent TV and radio commentator, she frequently appears on Sunrise, A Current Affair, 9News, and Sky News, and contributes expert analysis to publications like Yahoo Finance and The Latch. 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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