National Australia Bank Home Loan



National Australia Bank Home Loan

National Australia Bank is one of ""The Big Four"" financial institutions in Australia. Well known by the name NAB, it secured the 21st position as the largest bank based on market capitalisation in 2019. NAB provides personal, business and corporate products and services to approximately 9 million customers. Majorly it operates in Australia, New Zealand and Asia. "

National Australia Bank Home Loan Rates

LendersRate of InterestComparison RateRatings
National Australia Bank undefined Interest Rate

National Australia Bank

4.99% - 7.92%

4.53% - 7.88%


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Pros & Cons-National Australia Bank


  • Strict lending policies.
  • Strict Age Restrictions.
  • Customer Support.


  • Signup Fees.
  • High Property Value for First Home Buyers.
  • Home Loan for Self-Employed.

About National Australia Bank Home Loan

The home loan offered by National Australia Bank has a very low rate of interest. It does not deduct any application fee, and the consumers can save up to 600. The home loan is of two types one is NAB base variable rate home loan and two years fixed rate home loan. The rate of interest is as low as 5.59%. The types of home loans are discussed below.

NAB Base Variable Rate Home Loan

This type of home loan comes with a no application see and a variable rate of 5.59% per annum, and a comparison rate of 5.63% per annum.

2-Year Fixed Rate

The two-year fixed-rate home loan is the clarity of a fixed-rate home loan in today's date with a fixed rate of 6.09 per annum for only 2 years of tenure. The comparison rate of this home loan is 7.5% per annum. The minimum lending amount of this loan is $150000.

Types of Loans

Personal Loans

The bank offers personal loans for home renovation, car purchases, purchasing personal items, consolidating debt, traveling, and many other purposes.

  • Zero surprise charges, exit fees, or penalties.
  • Easy access to funds within a single business day.
  • Personalized loan interest rates from 6.99-19.99% per annum.
  • Loans between $5,000-$55,000.
  • Loan tenures between 1-7 years.
  • Features to redraw additional funds.

Business Loans

 These loans are available for helping entities grow their business, manage inventory and stocks, and cash flows.

  • Loan types include equipment/vehicle loan, bank guarantee, NAB Business Options Loans, and NAB QuickBiz Loans.
  • Fast and unsecured financial solutions tailored to customer requirements.

Home Loans

There are home loans available at National Australia Bank (NAB) for meeting every need, right from investing in real estate to purchasing a home for self-occupation.

  • Variable and attractive interest rates.
  • Tailored home loan types and solutions for customers.
  • Refinance bonuses and special offers.
  • Specialist home loan solutions with dedicated support.

Features of National Australia Bank Home Loan

Spend less on charges and interest

Their low rates help you save on interest over the course of your loan because there are no monthly service fees to add to the price of your mortgage.

Pay down your debt faster

You may pay off your mortgage faster since there are no costs associated with making extra payments.

Simple access to your funds

You can withdraw $500 or more with no costs if you are at least one complete payment ahead. Redrawing is easy with NAB Internet Banking.

Lend up to 95%

When you make principal and interest payments and reside in the property, you are permitted to borrow up to 95% of the value of the property.

Adaptable payment terms

Choose from weekly, fortnightly, or monthly repayment schedules.

From your pocket, take charge

Use the NAB app to stay on top of your home loan. You may evaluate your property equity, keep tabs on the status of your mortgage, and more.

Eligibility Criteria

If you meet the following requirements, you may apply for a Bendigo Bank Personal Loan:

  • You must be older than 18 years old.
  • You must be employed and a citizen or permanent resident of Australia.
  • You must have a steady source of income, and you must not be in financial trouble or in bankruptcy.

How to Apply for National Australia Bank Home Loan?

  • Set up a meeting. Schedule a visit with the bank in the nearby branch, request a mobile banker to come to you, or get a call back from the bank.
  • Directory of Customer Assistance. Utilize the simple how-to tips to swiftly solve issues online.
  • Dial the bank. Speak with a home finance expert regarding a new or existing mortgage.

Documents Required for National Australia Bank Home Loan

  • Certificate of citizenship or birth.
  • Card for Centre link pension.
  • Card for Medicare.
  • Electricity bill (less than three months old)
  • Rates warning (less than three months old)
  • Notification of tax assessment (less than 12 months old)

National Australia Bank Home Loan Calculator

In order to calculate the repayment amount of a home loan from the National Australia Bank, you need to go to the website of the bank and find the repayment calculator; as soon as you go to the regiment calculator, you can find an online form which includes different details like home loan purpose, repayment type, property value, deposit, repayment frequency, loan term and many more. As soon as you put all the details in the respective space, the loan amount and the repayment amount will be calculated automatically on the screen.

Customer Service of National Australia Bank Home Loan

Please call National Australia Bank at 13 22 65 if you are experiencing problems making an appointment online.

Frequently Asked Questions

What types of home loans does National Australian Bank provide?

There is no specific information about the types of home loans available. However, to get more information, you will have to contact their customer representative.

How much can I borrow with a National Australian Bank home loan?

No maximum limit is mentioned regarding the amount of home loan you can get from this bank. However, the amount you get will depend on your credit limit, income, and property value.

How long does it typically take to get approved for a National Australian Bank home loan?

National Australian Bank takes very few days to give approval for loans. On average, you will only need less than two days to process your home loan.

What happens if I miss a repayment on my National Australian Bank home loan?

Nothing will happen if you fail to make a repayment for a month. You will not have to pay any additional charges for failing to pay one single repayment.

What support and resources does National Australian Bank offer to home loan borrowers?

In terms of support, you can contact their customer care representatives through the mail, phone call or even via their official website. The company also provides different information regarding their home loans. Guides regarding the repayment and redraw and other help and support. You can get information about managing your debts, ways to split your home loan via NAB App, updating your personal details and others. Check out the bank’s official website to get more information about home loans.


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