NAB Tailored Home Loan – Variable Rate

Rates and Fees verified correct on October 22nd, 2016

Take advantage of a full featured variable rate loan with one of Australia's largest banks

The NAB Tailored Home Loan - Variable Rate is a great variable rate loan that offers you a great interest rate and many additional features including a 100% offset account that allows you to save on interest.

Velocity Frequent Flyer Points Offer

Take out a new home loan product with NAB before 31 December 2016 and then make NAB your main bank and they will give you 250,000 Velocity Frequent Flyer points.

The loan must be for owner occupier purposes and be over $250,000 excluding line of credit and portfolio facilities. You must draw down on the loan before 31 March 2017 and also take out a NAB Velocity Rewards Credit Card and NAB transaction account.

Interest Rate Max Insured LVR Max LVR
Investor (Interest Only)
5.5% p.a.
Comparison Rate
5.56% p.a.
90% 80%
Investor (P&I)
5.4% p.a.
Comparison Rate
5.53% p.a.
90% 80%
Owner Occupier (Interest Only)
5.35% p.a.
Comparison Rate
5.41% p.a.
95% 80%
Owner Occupier (P&I)
5.25% p.a.
Comparison Rate
5.38% p.a.
95% 80%
Product NameNAB Tailored Home Loan - Variable Rate
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$20,000
Maximum Loan Amount$10,000,000
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 OptionNo
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options

Application Fee$600
Lender's Legal Fee$0
Valuation Fee$0
Ongoing Fees$8 monthly ($96 p.a.)
Settlement Fee$0
Discharge Fee$150


  • You can borrow up to 95% of the property value
  • You can link a 100% offset account to this loan
  • There is also a redraw facility


  • There is $600 application fee to pay
  • A $8 per month account fee applies
  • A discharge fee of $150 applies when you close your home loan account

Features of the NAB Tailored Home Loan - Variable Rate

The NAB Tailored Home Loan - Variable Rate offers a variety of features that allow you to further save money, including:

  • Flexible repayments. The NAB Tailored Home Loan - Variable Rate allows you to choose how you pay the loan off. You can choose between weekly, fortnightly and monthly repayments. This allows you to tailor the repayments to suit how your income is paid to you.
  • Loan amount. The NAB Tailored Home Loan - Variable Rate allows you to borrow up to 80% of the loan. This is a comparatively large amount and is handy if you are not able to save up a deposit in time to buy the home of your dreams.
  • Make additional repayments. If you make additional repayments on the loan you will not only pay off your loan faster but you will reduce the amount of interest that is charged to your loan. The NAB Tailored Home Loan - Variable Rate allows you to make as many additional repayments as you like.
  • Redraw facility. If you make additional repayments you can access these funds at anytime with a minimum redraw amount of $2,000.
  • 100% offset account. An offset account allows you to deposit your savings into a transaction account that are then offset against the loan. This will reduce the amount of interest that is charged to the loan which will save you money over the term of your loan.
  • Split the loan. The NAB Tailored Home Loan - Variable Rate allows you to split the home loan into two separate portions. By splitting the loan into two separate portions you are able to subject each portion to separate loan types.
  • Loan portability. The average 25 - 30 year loan term can be a long time and your circumstances can change during this period. If you have to move homes, the NAB Tailored Home Loan - Variable Rate allows you to take your loan with you. This can save you time and the costs associated with applying for a new home loan.

How can I apply for this loan?

Clicking the 'Go to Site' buttons on this page will securely take you to the NAB website from where you can lodge an enquiry for this loan. A lending expert from NAB will then contact you back to begin your application and discuss your options.

NAB Tailored Home Loan – Variable Rate Interest Rate History vs RBA Cash Rate Graph

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This page was last modified on 1 April 2016 at 10:38.

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NAB Tailored Home Loan - Variable Rate

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $600 / $8

  • Max LVR


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