NAB Choice Package Variable Rate Home Loan
Combine all your financial products under one annual fee and minimise your banking stress
The NAB Choice Package reduces some of the fees and charges that are usually associated with a home loan and transfers them all into one annual payment of $395. In addition to the elimination of fees, the NAB Choice Package also offers you discounts on other financial products, including credit cards and insurance.
For other terms and conditions please visit the NAB website for more details.
About this loan
What are the features and benefits of the NAB Choice Package?
- A 100% offset account. This loan is offered with a 100% offset account, which can reduce the interest you'll pay on your home loan when money is deposited into it.
- Make extra repayments. You can put extra cash towards this loan, which can help you save interest and pay it off sooner.
- High maximum LVR. This loan allows for a maximum LVR of 95%, meaning you could require a deposit of as little as 5% with this loan. Note that borrowing with a deposit or equity of less than 20% of the purchase price/value of a property will come with lenders mortgage insurance (LMI) costs.
- Flexible repayment choices. You can choose to make interest-only repayments for up to 5 years with this loan, or 10 if you're an investor. You can also make your repayments weekly, fortnightly or monthly. If you select interest-only repayment options you'll have to make repayments each month.
- Interest rate discounts. The NAB Choice Package offers discounts on the standard NAB variable rate.
- Discounts on fees. A single annual fee eliminates some of the fees that are charged to the loan account, including the application and service fees.
- No credit card fees. The package waives annual fees on the NAB Qantas Rewards Premium Credit Card.
- Lower premiums in insurance products. The NAB Choice Package offers you a 10% on NAB Home Insurance or Home Insurance Essentials and a 10% discount on NAB Car Insurance.
What fees and charges come with this loan?
There are no application fees with the Choice Package Variable Home Loan but there are other fees to be aware of:
- 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 payable once you pay out your loan.
How to apply
You can find out more, enquire or apply for the NAB Variable Rate Choice Package by clicking the 'Go to Site' buttons on this page. This will securely take you to the NAB website, where you can enter in some details to talk to an expert about the loan and what options you may have.