NAB Choice Package Tailored Home Loan (Interest Only) ($250k-$750k) | Review & Compare Home Loans

Choice Package

RateCity Says: A NAB home loan which offers helpful loan features, charges no upfront fees and offers up to $2k cash back for refinancers.

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Interest Rate

4.99

% p.a

Variable

Comparison Rate*

5.01

% p.a

Maximum LVR

80%

Real Time Rating™

Monthly Repayment

$1,248

based on $300,000 loan amount for 25 years at 4.99%

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Summary
Features & fees
Similar Products
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Interest Rate

4.99

% p.a

Variable

Comparison Rate*

5.01

% p.a

Maximum LVR

80%

Real Time Rating™

Monthly Repayment

$1,248

based on $300,000 loan amount for 25 years at 4.99%

Calculate your repayments for this loan

Your estimated repayment

$1,248

based on $300,000 loan amount for 25 years at 4.99%

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TMD

Monthly Repayment

$1,337

based on $300,000 loan amount for 25 years at 2.44%

Interest Rate

2.44

% p.a

Variable

Comparison Rate*

2.49

% p.a

Interest rates ranked in the best 20%
No ongoing fees
100% full offset account
Extra repayments and redraw facility

Real Time Rating™

More Features

Monthly Repayment

$1,379

based on $300,000 loan amount for 25 years at 2.72%

Interest Rate

2.72

% p.a

Variable

Comparison Rate*

2.73

% p.a

Cashback

Receive $3,000 cash when you take out a Suncorp Bank home loan of $750K or more with LVR <=90%. Apply by 30 November 2022, settle by 28 February 2023. Unless withdrawn prior. T&Cs & eligibility criteria apply. ~ Ends in 5 months

Real Time Rating™

More Features

Monthly Repayment

$1,375

based on $300,000 loan amount for 25 years at 2.69%

Interest Rate

2.69

% p.a

Variable

Comparison Rate*

2.76

% p.a

Interest rates ranked in the best 20%
No ongoing fees
100% full offset account
Extra repayments and redraw facility

Real Time Rating™

More Features

Quick home loan review

For Choice Package Tailored Home Loan (Interest Only) ($250k-$750k)

These are the benefits of this home loan.

No upfront fees
100% full offset account
Extra repayments and redraw facility
Free redraw facility

These are the drawbacks of this home loan.

Higher than average interest rate
Not available for first home buyers
Ongoing fee
Discharge fee at end of loan
No repayment holidays

Home loan overview

For Choice Package Tailored Home Loan (Interest Only) ($250k-$750k)

TMD

Details
Features
Fees
Application method

Details

Maximum LVR 80%	Total Repayments $374,400 View repayment schedule »
Next LVR	Interest rate type Variable
Borrowing range $250k - $750k Calculate how much you can borrow	Suitable for Owner Occupiers
Loan term range 1 - 30 years	Principal & interest
Interest only	Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make repayments Monthly

Features

Extra repayments Unlimited extra repayments	Offset account 100% offset account
Redraw facility Redraw fee: $0	Split interest facility
Loan portable	Repayment holiday available
Allow guarantors	Available for first home buyers

Fees

Total estimated upfront fees 0	Application fee 0
Legal fee $0	Valuation fee $0
Settlement fee 0	Other upfront fee 0
Ongoing fee $395 annually	Discharge fee 350

Application method

Online Compare	Phone
Broker Talk to an expert	In branch

Available

Not available

Data not captured

Specials

Cashback $2,000 cashback when you refinance a loan of $250,000 or more

Target Market Determination

Visit NAB to view Target Market Determination.

Checkout more home loans

Interest Rate

3.04

% p.a

Variable

Comparison Rate*

2.84

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees
100% full offset account
Extra repayments and redraw facility

Real Time Rating™

Interest Rate

3.44

% p.a

Variable

Comparison Rate*

3.83

% p.a

Cashback

Refinance and get up to $3,000 cashback. $2,000 cashback on loans ≥$250K; bonus $1,000 cashback on loans ≥$500K. LVR ≤90%. Limited time offers extended. T&Cs apply. ~ Ends in 3 months

Real Time Rating™

Interest Rate

4.63

% p.a

Variable

Comparison Rate*

5.01

% p.a

Interest rates ranked in the best 20%
No upfront fees
100% full offset account
Parents can sign as guarantor

Real Time Rating™

Interest Rate

3.19

% p.a

Variable

Comparison Rate*

3.58

% p.a

Interest rates ranked in the best 20%
100% full offset account
Parents can sign as guarantor
Extra repayments and redraw facility

Real Time Rating™

Product data updated on 6 Jul 2022

FAQs

The range you can borrow from this loan is $250k to $750k.

This loan option comes with a maximum loan-to-value ratio of 80 percent, which means it requires a minimum deposit of 20 percent

NAB allows you to have this loan for a range of 1 to 30 years.

NAB allows you to make repayments to this loan option through one of the following repayment schedules: monthly.

While it could change based on your circumstances, RateCity estimates that this loan option comes with $0 worth of upfront fees.

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

To apply for this loan, please contact NAB.

Yes, this NAB loan is available through a broker. Find a broker to help you with your needs.

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