As one of Australia’s big four banks, NAB offers a wide variety of mortgages that suit almost every type of borrower:

• First home buyers
• Upgraders
• Investors
• Renovators
• Refinancers

Those who choose a NAB mortgage can choose from a variety of interest rate options:

• Principal-and-interest home loans
• Interest-only home loans
• Variable interest rates
• Fixed interest rates
• Split loans

Mortgage borrowers are able to earn discounts and fee waivers when they combine their home loan with other NAB products, like credit cards. Some NAB home loans offer lower (temporary) introductory interest rates and interest rate discounts.

While some home loans waive their monthly and ongoing fees, NAB home loan fees that are not waived tend to range from moderately high to high. In general, NAB home loans charge an application fee and annual service fee.

Similar to the other big four banks, NAB doesn’t attempt to offer the lowest rates on the market. Rather, it attracts customers with its well-known brand, extensive branch network, and convenience.

NAB home loan rates vary from product to product, but they tend to be on the high side of the spectrum. As a general rule, NAB products for owner-occupiers have lower interest rates than products for investors, and borrowers who choose principal-and-interest loans get lower interest rates than those who choose interest-only mortgages. For variable mortgages, interest rates tend to start lower for loan amounts that are higher.

NAB also offers home loan rates for variable and fixed mortgages. Rates can be fixed for a term between one and five years, with higher fixed interest rates generally applying to loans with longer terms.

Because of its well-known name, NAB is regarded as a ‘safe’ home loan option by many borrowers. It’s worth remembering that there are always risks involved whenever you apply for any type of credit.

NAB provides home loans for almost every type of borrower in Australia. There are NAB home loans suited to first-time buyers, renovators, refinancers, and investors. Customers who already have a current home loan have the option of moving their mortgage to NAB.

NAB home loans can be principal-and-interest or interest-only. Borrowers can also choose for their mortgages to be variable, fixed, or split.

In terms of interest rates, NAB tends to be at the more expensive end of the market. NAB home loan rates tend to be moderately high or high.

NAB home loan fees also tend to be high. Although many of NAB’s mortgages will waive ongoing fees, other products charge an application fee and ongoing annual fees that are at the higher end of the market.