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NAB

Choice Package

Cashback

$2,000 cashback when you refinance a loan of $250,000 or more~ Ends in about 1 month

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

Advertised Rate

4.24

% p.a

Variable

Comparison Rate*

4.26

% p.a

Maximum LVR
80%
Real Time Rating™

1.67

/ 5
Monthly Repayment

$1,624

based on $300,000 loan amount for 25 years at 4.24%

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Advertised Rate

4.24

% p.a

Variable

Comparison Rate*

4.26

% p.a

Maximum LVR
80%
Real Time Rating™

1.67

/ 5
Monthly Repayment

$1,624

based on $300,000 loan amount for 25 years at 4.24%

Go to site

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,624

based on $300,000 loan amount for 25 years at 4.24%

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)

Details

Maximum LVR

80%

Total Repayments

Next LVR

Interest rate type

Variable

Borrowing range

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

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

Valuation fee

$0

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$395 annually

Discharge fee

$350

Application method

Phone

In branch

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

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FAQs

What is the minimum amount you can apply for?

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

What's the minimum deposit needed for this loan?

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

What's the maximum length for this loan?

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

How often can you make repayments?

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

How much will the upfront fees be for this loan?

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

Does this loan come with a redraw facility?

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

How do you apply for this loan?

To apply for this loan, please contact NAB.

Can a broker help me with this loan?

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