How to fill out the NAB discharge authority form
Need to fill in the NAB discharge authority form? We guide you through the steps.
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Home loans can be discharged for a variety of reasons, including the sale of your property, refinancing your loan or paying it off. When you discharge your home loan, you’ll need to let the lender know what you plan to do with your loan account. To do this, you’ll need to fill out what’s known as a discharge authority form. If you’re an NAB customer, the process for filling out this form is as straightforward as the steps below:
1. Download and print the form
NAB’s discharge authority form can be accessed online. A link to the form is below:
2. Let NAB know about your circumstances
You’ll need to let NAB know why you’re discharging your loan. It could be because you’ve sold your property, because you’re refinancing, because you’re releasing a guarantor or for a variety of other reasons.
3. Fill in your contact details
NAB will need to know your name and contact details such as your phone number, email and address.
4. Fill in your property details
NAB will need to know the address and sale or purchase price of the property or properties you’re discharging the loan for.
5. Tell NAB to what to do with your accounts
Here you’ll fill out the BSB and account number of the loan account you’re discharging. You’ll also need to let NAB know whether you’re closing or keeping the account. If there is any surplus or shortfall, you’ll need to provide NAB with the details of an account to pay into or debit from.
6. Let NAB know if a representative is acting on your behalf
If you’re using the services of a solicitor, conveyancer, broker or other representative, you’ll need to give NAB their contact details and you’ll also need to provide authorisation for the representative to act on your behalf.
More guides on Finder
How to invest in the Didi Chuxing IPO from Australia
Everything we know about the Didi Chuxing IPO, plus information on how to buy in.
How to buy Robinhood stock from Australia
Robinhood is set to go public as soon as June. Here's what you need to do to buy in from Australia.
How to sell shares in Australia
All the key info you need to know to sell shares you inherited or received as a gift.
How to find out your credit score using GetCreditScore
Get a firmer grasp of your finances with this free tool.
CBD oil in Australia: What it is and how to access it
If you are keen to learn more or you're interested in how you can access CBD oil in Australia, this is the guide for you. Here's everything you need to know.
How to start a daycare business
Nurture your dream of starting a daycare company with this step-by-step guide.
Treadmill removal services
Here’s how you can ensure your treadmill is moved safely and at a convenient time.
Things to do on Boxing Day in Adelaide filled with fun in the sun
Book a day out at the beach, the winery, the cinema or more this Boxing Day with these top activities.
How to start a mobile app business
Learn the key considerations when it comes to starting and growing your smartphone app company.
How to start an ebook writing business
Start your own eBook writing business with our guide to the skills, equipment and legal documents you’ll need.
Home Loan OffersImportant Information*
Ask an Expert