NAB Portfolio Facility Line of Credit

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.

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Review by

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206) and a Tier 1 Generic Knowledge certification (RG 146).

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 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

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    July 29, 2021

    Hi I’ve just bought a property and it’s paid outright for it and I need to set up a line of credit so I can do a bit of work to it can you help me

      August 3, 2021

      Hi Tony,

      If you own your home outright, you may be eligible to apply for a line of credit with a number of different lenders. Your ability to gain loan approval depends on your income, among other factors.

      To apply for a NAB Portfolio Facility (LOC), use this Private Enquiry Form to request an appointment to speak to a NAB home loan specialist:

      You’ll be asked for a few details such as your personal and contact details, the type of loan you need, the amount you’d like to borrow, and when you need the loan, so make sure that you have these ready.

      I hope this helps,


    Default Gravatar
    December 22, 2015

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

      Default Gravatar
      December 23, 2015

      Hi Erlinda,

      Thanks for your comment.

      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 want to discuss this with your current lender to see your options.

      I also suggest you to speak with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that’s more inclined to review your application.

      I hope this helps.


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