NAB Introductory Rate Home Loan
5.40%
95%
$120
Moneybuddy says
The National Australia Bank Introductory Rate Home Loan also gives you a credit card with no fees and a transaction fee with no fees. After the first 12 months your home loan then converts to the variable interest rate. Make extra payments and clear your loan sooner. Borrow against your property value use a redraw to get additional cash.
The Basics
Interest type -
Headline interest rate 5.40%
Max LVR 95%
Annual fee $120
The cool stuff: features
Draw down loan progressively Yes, only available with 1 year variable
Insurance details -
Loan is Transferable Yes
Line of credit available No
Product suits -
The Facts & Figures
Introductory rate -
Introductory term 12%
Interest rate 1 year 0%
Interest rate 2 years -
Interest rate 3 years 0%
Interest rate 4 years -
Interest rate 5 years -
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 8.54%
Minimum loan term -
Maximum loan term -
Min loan amount -
Max loan amount -
Early repayments Yes
Redraw facility Yes
Repayment holiday Yes
Ability to split loan Yes
Extra repayments Yes
Offset account available No
Interest only payments No
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 -
* 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
- Bonus credit card & transaction account
- Borrow 95% of your property worth
- Flexible repayments
Cons
- High application fee
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