NAB Base Variable Rate Home Loan

NAB
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Headline interest rate
6.28%
Max LVR
95%
Annual fee
$0

Moneybuddy says

The National Australia Bank Base Variable Rate Home Loan gives you no monthly fees and you can also make extra repayments to clear your debt sooner. Take advantage of the split loans facility and take out two loans for the one property. Use the payment holiday and have a break from your monthly commitment.

The Basics

Interest type -

Headline interest rate 6.28%

Max LVR 95%

Annual fee $0

The cool stuff: features

Draw down loan progressively Yes

Insurance details -

Loan is Transferable Yes

Line of credit available No

Product suits Owner - Occupier

The Facts & Figures

Introductory rate 6.69%

Introductory term 12%

Interest rate 1 year 0%

Interest rate 2 years 0%

Interest rate 3 years 0%

Interest rate 4 years 0%

Interest rate 5 years 0%

Interest rate 7 years 0%

Interest rate 10 years 0%

Interest rate 15 years 0%

Comparison rate 1 year -

Comparison rate 2 years -

Comparison rate 3 years -

Comparison rate 4 years -

Comparison rate 5 years -

Comparison rate 7 years -

Comparison rate 10 years -

Comparison rate 15 years -

Comparison rate 8.47%

Minimum loan term -

Maximum loan term -

Min loan amount -

Max loan amount -

Early repayments No

Redraw facility Yes

Repayment holiday Yes

Ability to split loan Yes

Extra repayments Yes

Offset account available No

Interest only payments Yes

The ugly stuff: fees

Application fee $600

Valuation fee -

Subsequent valuation fee -

Valuation fee details -

Discharge fee -

Discharge fee details -

Legal fee -

Settlement fee -

Redraw fee $50

* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.

Pros

  • Free loan transfer
  • Interest only payments
  • Competitive interest rate

Cons

  • High application fee

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home > compare home loans > NAB home loans > NAB Base Variable Rate Home Loan