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.

Not enough reviews Write a review

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!

Review by

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).

Expert review

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.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.


    Default Gravatar
    January 6, 2019

    Is it only 5% deposit on loans

      January 7, 2019

      Hi Diane,

      Thank you for reaching out to finder.

      Yes, you can borrow up to 95% of the property’s value with this product. In other words, this loan is available with a 5% deposit, however, a larger deposit is fine too. Is there anything else that I could assist you with? Hope this helps!


    Default Gravatar
    November 6, 2018

    hi my husband has own property before long time ago for his previous marriage , and we going to buy a house for living .and I am a first home buyer. the application is my name and the tittle .I’m qualified for apply a First home buyer.


      November 8, 2018

      Hi Belen,

      Thank you for reaching out to finder.

      Yes you are qualified to take out a first home buyer loan. You may want to click on this link to see a panel of lenders that you could compare and choose from. Hope this helps!


    Default Gravatar
    August 15, 2018

    Is this offer eligible for new customer discount

      August 16, 2018

      Hi Amanda,

      Thank you for leaving a question.

      Here is an excerpt from our page regarding NAB Home loans.
      “NAB is offering a 1.42% p.a. discount off the current advertised indicator rate on its Base Variable Rate principal and interest loan for new owner-occupier customers borrowing $20,000 or more. This is a limited time offer. Other conditions may apply.”
      You may want to check this out as this is a limited time offer.


    Default Gravatar
    April 30, 2018

    Thanks Jeni

    Default Gravatar
    April 29, 2018

    I want to buy my first home in Victoria. I have been a NAB Customer for two years now. I have a PR and been working in the same job for 1 yr and 9 mos.

    I have a running car loan of 750 p.w. Would I be eligible for a 95% LVR to buy my first home?


      April 29, 2018

      Hi Sam,

      Thank you for getting in touch with Finder.

      You can borrow up to 95% of the property value with many NAB mortgages including the NAB Base Variable Rate Home Loan above. You can go to our list of NAB mortgages if you’d like to compare this loan to other NAB home loan offers. You can use our comparison table to see a side-by-side comparison.

      Once you have chosen a particular loan product, you may then head to NAB’s official website to discuss your eligibility and proceed with the application. While each NAB product has specific eligibility criteria, some will apply to all products:

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

      So before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      If you would like to check other providers, see our comparison table with a list of home loans with 95% LVRs.

      I hope this helps.

      Have a great day!


Go to site