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- Base Variable Rate Home Loan
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%
NAB Variable Rate Home Loan overview
For Base Variable Home Loan (Principal and Interest) (New Customer)
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
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
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
