NAB changes fixed rates for home loans

Adam Smith 17 January 2017

coins percent upNAB has changed the interest rates on its fixed rate home loan products, making cuts to some while raising others.

The bank announced it would decrease the rate on its 1 year Package Fixed Rate to 3.89% for owner-occupiers and 3.99% for investors.

Along with the cuts, NAB also announced it would lift rates on its 2, 3 and 4 year Package Fixed Rates for owner-occupiers to 3.98%, 4.09% and 4.59%, respectively. Its 2, 3 and 4 year Package Fixed Rate for investors will raise to 4.19%, 4.29% and 4.79%, respectively. NAB also lifted its 5year Package Fixed Rate for investors to 4.79%.

“There are a range of factors that influence the funding that NAB – and all Australian banks – source, so we can provide home loans to our customers. The cost of providing our fixed rate home loans has increased over recent months,” NAB COO Antony Cahill said.

Read our full round-up of the latest home loan rate changes

The announced changes apply from today, and affect new fixed rate home loans only. Cahill argued that the bank’s fixed rates remained competitive, and said fixed rates had increased in popularity.

“We know that fixed rate home loans have become increasingly popular with our customers. We saw these applications more than double as a share of total applications in December, compared to in September last year,” Cahill said.

Rates last updated September 22nd, 2017
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.49%
4.47%
$0
$375 p.a.
90%
Discount off an already competitive interest rate for loans over $150k. NSW, QLD and ACT residents only.
3.64%
4.83%
$0
$0 p.a.
95%
Owner-occupiers can lock in a competitive rate with no ongoing fees. Conditions apply.
3.69%
4.15%
$395
$0 p.a.
80%
A one year fixed rate offer with no ongoing bank fees.
3.69%
4.86%
$0
$395 p.a.
90%
A special rate for first home buyers buying residential property and borrowing over $150K. 350K NAB Rewards Points offer available. Terms and conditions apply.
3.74%
4.81%
$0
$0 p.a.
95%
Get a competitive 2-year fixed rate with no application or ongoing fees.
3.69%
4.00%
$0
$350 p.a.
95%
Fix your rate for 3 years and borrow up to 95% LVR.
3.99%
4.08%
$395
$0 p.a.
80%
An online home loan offer with a fixed interest offer for 3 years.
3.85%
4.10%
$500
$0 p.a.
95%
Apply for Easy Street fixed rate home loans and get a competitive loan with a fixed interest rate.
3.79%
4.00%
$0
$10 monthly ($120 p.a.)
90%
Get a competitive interest rate for 3 years and a discounted variable rate when the fixed period ends.
3.69%
4.45%
$0
$375 p.a.
90%
Discount off an already competitive 2 year fixed rate for loans over $150k. NSW,QLD and ACT residents only.
3.69%
4.73%
$0
$0 p.a.
95%
A limited time fixed rate home loan with extra repayment abilities. Conditions apply.
3.74%
4.42%
$0
$375 p.a.
90%
Enjoy discounts on banking products and insurance with this package loan. NSW, QLD and ACT residents only.
3.88%
4.89%
$0
$395 p.a.
95%
A fixed rate package with flexible repayment options. 350K NAB Rewards Points offer available. Terms and conditions apply.
4.14%
4.77%
$0
$0 p.a.
95%
A 4-year fixed rate home loan with no annual or application fees.
3.99%
4.77%
$0
$0 p.a.
95%
A competitive 3 year fixed rate with a redraw facility and split loan options, plus no application fee.
3.94%
3.71%
$0
$0 p.a.
80%
Apply online for this fixed rate, low-fee loan with redraw facilities and an optional offset account.
4.59%
5.01%
$0
$395 p.a.
95%
A competitive loan with flexible features. 350K NAB Rewards Points offer available. Terms and conditions apply.
3.99%
3.84%
$0
$0 p.a.
80%
A two year fixed rate home loan with no annual or application fees.
3.88%
4.94%
$0
$395 p.a.
95%
This 2 year fixed ANZ Breakfree Package rate comes with package discount and product bundle. Terms and conditions, package fee and fees, charges & eligibility criteria apply.
3.99%
4.99%
$0
$395 p.a.
95%
A package home loan with fee free extra repayments available during the fixed term.
4.03%
5.04%
$600
$10 monthly ($120 p.a.)
95%
Get a 2-year fixed rate with flexible repayment options to help you save.
3.85%
4.95%
$0
$395 p.a.
95%
A discounted package rate for owner occupiers with the ability to package a Qantas rewards earning Amplify credit card. $1,500 cashback available for refinancers. Conditions apply.
3.99%
5.03%
$0
$8 monthly ($96 p.a.)
95%
Enjoy a 2-year fixed rate with interest-only options and a partial offset account.
4.09%
4.98%
$0
$395 p.a.
90%
Lock your rate in for 3 years and enjoy a discount on your loan of $150,000 -$249,000.
3.99%
4.90%
$0
$395 p.a.
95%
Lock in a discounted fixed rate with a low service fee.

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