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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.

Home Loan Offers

Important Information*
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Westpac Flexi First Option Home Loan - Basic Variable Rate (Owner Occupier, P&I)

Up to $3,000 refinance cashback. A flexible and competitive variable rate loan. Eligible borrowers refinancing $250,000 or more can get $2,000 cashback per property plus a bonus $1,000 for their first application. Other conditions apply.

Logo for St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)
St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)

Up to $4,000 refinance cashback. A competitive variable rate loan from St.George. Refinancers borrowing $250,000 or more can get $4,000 cashback (Other terms, conditions and exclusions apply).

Logo for Athena Liberate Home Loan - 70% to 80% LVR Owner Occupier, P&I
Athena Liberate Home Loan - 70% to 80% LVR Owner Occupier, P&I

A competitive variable rate mortgage for owner occupiers $0 application and $0 ongoing fees. This interest rate falls over time as you pay off the loan.

Logo for UBank UHomeLoan Variable Rate - Discount Offer for Owner Occupiers, Variable P&I Rate
UBank UHomeLoan Variable Rate - Discount Offer for Owner Occupiers, Variable P&I Rate

Take advantage of a low-fee mortgage with a special interest rate of just 2.49% p.a. and a 2.49% p.a. comparison rate.

Ask an expert

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  1. Default Gravatar
    December 1, 2017

    Can an offset account with NAB be applied to an investment loan and have a redraw?

    • Default Gravatar
      December 2, 2017

      Hi Mark,

      Thanks for your inquiry

      Yes, offset account can be applied to the NAB Variable rate home loan and a loan redraw facility is also available. Please check the page above for more info on this or you may want to call NAB home loans directly.

      Hope this information helps


  2. Default Gravatar
    June 26, 2017

    Does the package fee terminate if the loan is payed out early, or is it payable for the full 30 years?

    • Default Gravatar
      June 27, 2017

      Hi Louie!

      Short answer is once the loan is paid off, the package fee does terminate. :)

      If you need further details, you can contact NAB directly.

      Hope this helps.


  3. Default Gravatar
    March 4, 2015

    Do. I need a kerbside evaluation on an existing home loan, to gain unconditional approval for another additional home loan?

    • Avatarfinder Customer Care
      March 4, 2015

      Hi Amber,

      Thanks for your question.

      Unconditional approval will depend on many factors including the valuation of your existing home loan. You’ll find that a valuation will be required for a re-assessment of your new loan.

      If you would like to discuss your eligibility or options, please get in touch with NAB directly.


  4. Default Gravatar
    February 18, 2015

    If I have a guarantor that is approved, am I able to borrow up to 100% of the property value and avoid the LMI premium ?

    Many thanks


    • Avatarfinder Customer Care
      February 18, 2015

      Hi Marcia,

      Thanks for your question.

      Please note that is an online comparison service and does not represent NAB. Assuming that your guarantor is approved for the loan amount that you’re seeking, you should be able to avoid LMI.


  5. Default Gravatar
    October 23, 2014

    I am looking at purchasing another investment property. I currently have 6 units and I have purchased another 2 which should be finished by mid November.
    I am looking at borrowing $345,000. my investment loans have been through a broker and he used ANZ and Westpac so far. I am looking for a better deal so I am wondering what can you do for me?

    • Avatarfinder Customer Care
      October 24, 2014

      Hi Reno,

      Thanks for your question.

      Unfortunately doesn’t handle any loan applications for NAB. If you decide to apply for a product or service through our website you will be dealing directly with the provider of that product or service and not with us.

      To see what NAB can offer you, please get in touch with them directly.


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