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Base Variable Rate Home Loan

  • Owner Occupied
  • Variable
  • 5% min deposit
  • P&I

Interest rate p.a.

6.84%

Comparison rate* p.a.

6.88%

Base Variable Rate Home Loan

  • Owner Occupied
  • Variable
  • 5% min deposit
  • P&I

Interest rate p.a.

6.84%

Comparison rate* p.a.

6.88%

Calculate your repayments for this loan

$

Your estimated repayment

$3,273

based on 500000 loan amount for 25 years at 6.84%

Monthly Repayment

$3,273

Total interest

$678,265

Total payments

$1,178,265

Start date

05-2024

End date

05-2049

$1,178,265
025 years
Principal owed
Total repayments owed
Interest owed

Pros and Cons

For Base Variable Rate Home Loan

Benefits

  • No upfront or ongoing fees
  • Suitable for low deposits
  • Extra repayments and redraw facility
  • Free redraw facility

Drawbacks

  • No offset account
  • Higher than average interest rate
  • Discharge fee at end of loan
  • No repayment holidays

NAB Variable Rate Home Loan overview

For Base Variable Home Loan (Principal and Interest) (New Customer)

Details

Maximum LVR

95%

Total repayments
Interest rate type

Variable

Borrowing range

$20k - $100m

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Repayment type

Principal and Interest

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Repayment options

Fortnightly, Monthly, Weekly

Target Market Determination

Visit National Australia Bank Limited to view Target Market Determination.

Features

Extra repayments

Unlimited

Redraw facility

Redraw fee: $0

Offset account

Split interest facility

Loan portability

Repayment holiday available

Allow guarantors

Available for first home buyers

Other benefits

Application fee waiver (usually $600)

Fees

Total estimated upfront fees

$0

Application fee

$0

Legal fee

$0

Valuation fee

$0

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$0

Discharge fee

$350

Home loans

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