Choice Package Tailored Investment Loan (Principal and Interest) ($250k-$750k)
- Last updated on 29 May 2020
Discount Variable Home Loan
Make the move to UBank's award winning home loan
Advertised Rate
2.59%
Variable
Comparison Rate*
2.59%
Owner Occupier Discounted Variable Rate
No upfront or ongoing feesExtra repayments + redraw services
View NowPromotedUBank terms and conditions
Advertised Rate
4.27%
Variable
Comparison Rate*
4.67%
Maximum LVR
95%
Monthly Repayment
$1,233
based on $300,000 loan amount for 25 years
Pros and Cons
Pros
- No upfront fees
- 100% full offset account
- Suitable for low deposits
- Parents can sign as guarantor
Cons
- Annual fee charged
- Discharge fee at end of loan
- Repayments may increase if RBA raises rates
NAB Fees and Features
Maximum LVR 95% | Interest rate structure Variable |
Borrowing range $250k - $750k | Total Repayments $443,880 |
Principal & interest | Interest only |
Loan term range 1 - 30 years | Offset account 100% offset account |
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 $395 |
Discharge fee $350 | Property Type |
SMSF Trustee | Minimum SMSF Amount |
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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.
