NAB Choice Package Fixed Rate Home Loan
Bundle your NAB Tailored Fixed Rate Home Loan with a Choice Package to receive an interest rate discount and extra features.
The NAB Choice Package gives you discounts on the standard fixed interest rate and other package benefits.
Richard Whitten is an editor at Finder, and has been covering home loans and the property market in Australia for the last 4 years. He has written for Yahoo Finance, Money Magazine and Homely, as well as multiple banks and lenders. Richard has a Certificate IV in Finance and Mortgage Broking, a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communication. He enjoys helping people understand the ins and outs of mortgages so they can make smarter property decisions. Richard trained as a high school teacher but found it easier to manage personal finances than a classroom full of kids. Before joining Finder, he edited textbooks and taught English in South Korea.
The NAB Choice Package Fixed Rate Home Loan offers some package benefits and is also available with a low deposit. If this matches your needs as a borrower then it's well worth considering. But a package home loan is best suited to borrowers who will take advantage of all the products in the package, not just the loan itself.
About this loan
What are the features and benefits of this home loan?
- Package benefits. As part of the NAB Choice Package, the loan application fee and service fees are waived. You may also be eligible for a discount on the standard fixed interest rate. You can bundle this loan with a credit card and get discounts on insurance too.
- Flexible repayments. You can choose to pay your loan weekly, fortnightly or monthly.
- Additional repayments. Additional repayments up to $20,000 can be made without incurring a penalty. However, any extra payments that exceed this amount will incur a fee.
- Loan portability. This loan is portable, which means if you sell your home, you can bring your home loan with you to the next property you buy. This can save you paying application fees and other mortgage costs associated with setting up a new loan.
What fees and charges come with this loan?
- NAB Choice Package fee: $395. This is a single annual fee that covers the products bundled under this package.
- Discharge fee: $350. This fee is charged when you pay out the amount of your loan.
How to apply
If you think the NAB Choice Package Fixed Rate Home Loan matches your borrowing needs click on the green button. You will then be redirected to the NAB website where you can fill in your details to discuss your options with a lending specialist from NAB.