NAB Home Loans

NAB home loans

NAB,one of Australia’s largest banks, is a provider of home loans, banking and investment products, as well as home insurance, landlord insurance, and other insurances.

What home loans does NAB offer?

If you’re currently considering a home loan, the comparison table below displays some of the variable rate home loans on our database from NAB that are available for first home buyers. This table is sorted by Star Rating (highest to lowest), followed by comparison rate (lowest-highest). Products shown are principal and interest home loans available for a loan amount of $350K in NSW with an LVR of 80% of the property value. Before committing to a particular home loan product, check upfront with your lender and read the applicable loan documentation to confirm whether the terms of the loan meet your needs and repayment capacity. Use Canstar’s home loan selector to view a wider range of home loan products.

*Comparison rate based on loan amount of $150,000 and a term of 25 years. Read the Comparison Rate Warning

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NAB home loan features

Depending on which option you choose, a NAB Home Loan may include the following:

  • A redraw facility.
  • Flexible repayment options weekly, fortnightly, or monthly)
  • Interest only repayments available for up to five years.
  • Ability to make lump sum and additional repayments 
  • Ability to split the loan. 

The inclusions above represent a selection of the features available with NAB home loans. Canstar is not making any suggestion or recommendation to you about this product. Additional conditions may apply to different features. Please see our comparison tables for more detailed information about products on offer from this provider. Check upfront with NAB and please ensure that you read the product disclosure statement (PDS) or other loan documentation to determine all the current loan terms and conditions for the product you are considering and whether it meets your needs, before committing to it.

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NAB Home Loan FAQs

Before getting started, you might first like to take a look at our applying for a home loan checklist for some pointers, and use the Canstar website to compare home loans with other providers before choosing a product that suits your needs.

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If you decide to apply for a NAB home loan, you can make an online enquiry as either a NAB customer or a non-NAB customer, or book an appointment at a NAB branch or with one of their mobile bankers.

At the time of writing NAB allows extra repayments of up to $20,000 on several of its fixed rate home loans, and unlimited extra repayments on their variable rate home loans. 

Terms and conditions apply. Contact NAB for details or visit the NAB website.

To give you an idea of how making extra repayments could save money in interest over the life of your loan, you might like to try our Extra Repayments Calculator:

Home Loans Extra Repayments Calculator

Yes, NAB offers redraw facilities on several of its home loan products. Fees and charges may apply to use of a redraw facility. Contact NAB for details.

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NAB was founded in 1981 and is one of the ‘big four’ banks in Australia. According to NAB, it serves over 12.7 million customers worldwide and employs over 42,000 people. 

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Written by: Eliza Parry-Okeden | Last updated: September 12, 2019