Base Variable Investment Loan (Principal and Interest)
Cashback
$4,000 cashback when you refinance a loan of $250,000 or more- Last updated on 04 Apr 2020
Discount Variable Home Loan
Make the move to UBank's award winning home loan
2.59%
Variable
2.59%
Owner Occupier Discounted Variable Rate
3.97%
Variable
3.97%
$1,189
based on $300,000 loan amount for 25 years
Pros
- No upfront or ongoing fees
- Parents can sign as guarantor
- Extra repayments + redraw services
- Free redraw facility
Cons
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
Maximum LVR 90% | Interest rate structure Variable |
Borrowing range $20k - $100m | Total Repayments $428,040 |
Principal & interest | Interest only |
Loan term range 1 - 30 years | Offset account No |
Extra repayments Unlimited extra repayments | Redraw facility Redraw fee: $0 |
Allows split interest | Suitable For Investors |
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA | |
Estimated upfront fees $0 | Application fee $0 |
Settlement fee $0 | Valuation fee $0 |
Legal fee $0 | Ongoing fee $0 |
Discharge fee $350 | Property Type |
SMSF Trustee | Minimum SMSF Amount |
- Cashback $4,000 cashback when you refinance a loan of $250,000 or more
Application fee waiver (usually $600)
Compare and review home loans with similar features
National Australia Bank, more commonly known as NAB, is one of the big four banks in Australia. NAB is headquartered in Melbourne and has more than 900 locations across the country. NAB has over 30,000 employees who serve over 9 million customers.
NAB offers a wide range of home loans, including mortgages for first-time buyers, investors, renovators and refinancers.
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FAQs
Real Time RatingsTM looks at your individual home loan requirements and uses this information to rank every applicable home loan in our database out of five.
This score is based on two main factors – cost and flexibility.
Cost is calculated by looking at the interest rates and fees over the first five years of the loan.
Flexibility is based on whether a loan offers features such as an offset account, redraw facility and extra repayments.
Real Time RatingsTM also includes the following assumptions:
- Costs are calculated on the current variable rate however they could change in the future.
- Loans are assumed to be principal and interest
- Fixed-rate loans with terms greater than five years are still assessed on a five-year basis, so 10-year fixed loans are assessed as being only five years’ long.
- Break costs are not included.