finder.com.au

NAB Portfolio Facility Line of Credit

Marc Terrano
Marc Terrano
Last updated:  

With a NAB Portfolio Facility you can access the equity in your home with a flexible, full-featured loan

The NAB Portfolio Facility allows you to use the equity in your property to reduce your current debts or invest in other assets without the need to re-apply for credit.

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Expert review

Marc Terrano

Review by

Marc Terrano is a lead publisher and growth marketer at Finder. He has previously worked at Finder as a publisher for frequent flyer points and home loans, and as a writer, podcast host and content marketer. Marc has a Bachelor of Communications (Journalism) from the University of Technology Sydney. He’s passionate about creating honest and simple reviews and comparisons to help everyone get value for money.

Expert review

This line of credit facility allows you to access equity in your property for other purchases or investments. There's a single lending limit for home and investment loans, and you don't have to reapply unless you choose to increase your credit limit.

About this loan

What are the features and benefits of the NAB Portfolio Facility Line of Credit?

  • Borrowing conditions. The NAB Portfolio Facility (LoC) allows you to borrow between $250,000 and $10,000,000. You will be able to borrow 80% of the value of the property without lenders mortgage insurance (LMI), and up to 80% with LMI.
  • Sub-accounts. By using linked sub-accounts, you can organise your finances into borrowing, transactions and savings. You can have up to 12 sub-accounts with a choice between fixed or variable. At least one sub-account must have a variable rate.
  • 24/7 access to your funds. You'll get 24-hour access to your funds through NAB Internet Banking, ATMs and phone banking.
  • Joint borrowers. Each account holder can set up their own sub-account in their own name, making it easy to maintain records when it comes to tax time. Restrictions apply if you want to link a 100% offset account.

What fees and charges come with this loan?

  • Application fees: $0. There are no application fees for the NAB Portfolio Facility.
  • Monthly service fees: $0. Likewise, there are no monthly, ongoing fees for this facility.
  • Annual package fee: $550. This annual fee covers the cost of maintaining your facility.

How to apply

If you'd like to find out more, please click on the go to site Go to site button. You'll be taken to NAB's enquiry page. You can use this form to do the following:

  • Organise an appointment to speak to a NAB home loan specialist
  • Ask for a call back to discuss your home loan needs at a time that suits you
  • Start the home loan or refinancing process with NAB

Information to have handy

To get started, you'll be asked to provide a few details:

  • The type of loan you need
  • When you need your loan
  • The amount you'd like to borrow
  • Personal and contact details
  • Any other comments you'd like to add

Home Loan Offers

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

More info
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. With this competitive variable rate loan from St.George, refinancers borrowing $250,000+ can get up $4,000 cashback and borrow up to 90% of the property's value. (Terms, conditions & exclusions apply).

More info
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.

More info
Logo for Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR ≤ 80% (Owner Occupier, P&I)
Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR ≤ 80% (Owner Occupier, P&I)

Get a competitive variable interest rate with no application fee or ongoing fees.

More info

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

2 Comments

    Default Gravatar
    Erlinda
    December 22, 2015

    Can I switch my home loan to line of credit home loan.just wandering.

    Reply
      Default Gravatar
      Jodie
      December 23, 2015

      Hi Erlinda,

      Thank you for contacting finder.com.au a financial comparison website and general information service.

      We cannot offer you specialised advice however generally speaking there would be no restrictions on changing your current home loan to a line of credit home loan as this would be handled as though you were refinancing and, therefore, there are fees and charges that might come into play that you would need to consider. You may be best to speak to a mortgage broker or you lender directly to discuss your options.

      Regards
      Jodie

      Reply
Go to site