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.

Interest Rate Max Insured LVR Max LVR
$250k to $749,999 (Owner Occupier, P&I)
3.67% p.a.
Comparison Rate
4.08% p.a.
95% 80%
$750k+ (Owner Occupier, P&I)
3.62% p.a.
Comparison Rate
4.03% p.a.
95% 80%
Up to $249,999 (Owner Occupier, P&I)
3.92% p.a.
Comparison Rate
4.32% p.a.
95% 80%
$250k to $749,999 (Investor, IO)
4.57% p.a.
Comparison Rate
4.75% p.a.
80% 80%
$250k to $749,999 (Investor, P&I)
4.27% p.a.
Comparison Rate
4.67% p.a.
90% 80%
$250k to $749,999 (Owner Occupier, IO)
4.24% p.a.
Comparison Rate
4.26% p.a.
80% 80%
$750k+ (Investor, IO)
4.52% p.a.
Comparison Rate
4.70% p.a.
80% 80%
$750k+ (Investor, P&I)
4.22% p.a.
Comparison Rate
4.62% p.a.
90% 80%
$750k+ (Owner Occupier, IO)
4.19% p.a.
Comparison Rate
4.21% p.a.
80% 80%
Up to $249,999 (Investor, IO)
4.82% p.a.
Comparison Rate
5.00% p.a.
80% 80%
Up to $249,999 (Investor, P&I)
4.52% p.a.
Comparison Rate
4.91% p.a.
90% 80%
Up to $249,999 (Owner Occupier, IO)
4.49% p.a.
Comparison Rate
4.51% p.a.
80% 80%
Product NameNAB Choice Package Variable Rate Home Loan
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$150,000
Minimum Loan Term1 year
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$0
Lender's Legal Fee$124.36
Ongoing Fees$395 p.a.
Discharge Fee$350


  • There is $0 application fee.
  • You can borrow up to 95% of the property value (principal and interest)
  • You receive additional discounts off transaction fees with transaction accounts, plus bonus interest on deposit accounts.


  • There is $395 annual fees to pay.
  • A discharge fee of $350 applies when you pay off your entire loan balance.
  • Lender's legal fees start from $124.36.

Features and benefits of the NAB Choice Package

The NAB Choice Package offers many features and discounts in return for the annual package fee. These include:

  • 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.

Find out what your repayments might be in a few seconds

How can I apply for this loan?

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.

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10 Responses

  1. Default Gravatar
    markDecember 1, 2017

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

    • Default Gravatar
      ArnoldDecember 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
    louieJune 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
      JonathanJune 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
    amberMarch 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
      ShirleyMarch 4, 2015Staff

      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
    MarciaFebruary 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
      ShirleyFebruary 18, 2015Staff

      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
    RenoOctober 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
      ShirleyOctober 24, 2014Staff

      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.


NAB Choice Package Variable Rate Home Loan

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $0 / $395

  • Max LVR


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