NAB Base Variable Rate Home Loan
Enjoy a basic home loan with low rate and fees.
The NAB Base Variable Rate Home Loan offers low interest rate with useful features and minimal fees.
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) and a Tier 1 Generic Knowledge certification (RG 146).
This loan is available for owner-occupiers, investors and refinancers. It's a flexible variable rate loan with minimal fees that allows borrowers to make extra repayments. The loan also has a redraw facility.
About this loan
What are the features and benefits of the NAB Base Variable Rate Home Loan?
- Redraw facility. You can redraw on your home loan for free if you're ahead of your scheduled repayments. The minimum redraw amount is $500.
- Maximum loan size. You can borrow up to 95% of the property's value, which can help those who are unable to save for a large deposit. If you're an investor or opting for interest only payments, the maximum limit is 90%.
- Loan portability. If you sell the home before paying out the loan, you can buy a new home and still maintain the same home loan. This saves you the cost and hassle of setting up a new home loan.
What fees and charges come with this loan?
- Discharge fee: $350. This fee is payable when you pay out your loan.
How to apply
If you believe the NAB Base Variable Rate Home Loan could be right for you click on the green button. This will redirect you to the NAB website where you can discuss your borrowing needs with a lending specialist.