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.
You'll be offered a single spending limit for all your borrowings, and you don't need to reapply unless you want to increase your credit limit.
|Product Name||NAB Portfolio Facility (LOC)|
|Interest Rate Type||Variable|
|Comp Rate^ (p.a.)|
|Minimum Loan Amount||$250,000|
|Maximum Loan Amount||$10,000,000|
|Maximum Loan Term||40 years|
|Maximum Insured LVR||90%|
|Mortgage Offset Account||Yes|
|Mortgage 100% Offset||Yes|
|Loan Redraw Facility||No|
|Split Loan Facility||Yes|
|Fixed Interest Option||Yes|
|Suitable for Investment||Yes|
|Available as equity loan/line of credit||Yes|
|Repayment Type||Principal & Interest and Interest Only Options|
|Lender's Legal Fee||$0|
|Ongoing Fees||$550 p.a.|
- Pay $0 application fee and you can extend your home loan term up to 40 years.
- Create sub-accounts to separate personal from business or investment components.
- There is a $550 annual fee.
- A discharge fee of $150 applies when you close your home loan account.
Features and benefits of the NAB Portfolio Facility Line of Credit
The NAB Portfolio Facility is a Line of Credit (LoC) that could suit you if you are looking for flexibility in your loan.
- Single line of credit. You'll get a single line of credit for all your borrowings, including both home and investments.
- 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 90% with LMI.
- 100% offset account available. The NAB Portfolio Facility (LoC) allows you to link an offset account on variable rate sub-accounts.
- Split facility. The NAB Portfolio Facility (LoC) loan will allow you to split your loan to take advantage of all the features of the other loans.
- 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.
- Multiple packages. You can choose to have multiple Portfolio Facility packages. For example, you can keep your personal borrowings separate from your family borrowings.
- 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.
Fees and charges
- 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.
Know how much you want to borrow? Use our calculator to find out what your repayments might be
How to apply for the NAB Portfolio Facility
If you'd like to find out more, please click on the 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