NAB Portfolio Facility
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Moneybuddy says
The National Australia Bank NAB Portfolio Facility is a secure line of credit which gives you access to your equity more easily. Utilise the ***% offset and save interest and enjoy zero transaction or establishment fees. The portfolio lets you roll all your banking into one account which means you can save even more money.
The Basics
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Headline interest rate p.a. -
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Annual fee -
The cool stuff: features
Draw down loan progressively -
Insurance details -
Loan is Transferable Yes
Line of credit available Yes
Product suits -
The Facts & Figures
Introductory rate p.a. -
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Interest rate (p.a.) 15 years -
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Comparison rate (p.a.) 7 years -
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Comparison rate (p.a.) 15 years -
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Early repayments No
Redraw facility Yes
Repayment holiday Yes
Ability to split loan Yes
Extra repayments Yes
Offset account available Yes
Interest only payments Yes
The ugly stuff: fees
Application fee -
Valuation fee -
Subsequent valuation fee -
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* Important note: All product information comes from the product provider or an affiliate and to the best of our knowledge is correct at time of publishing.
Pros
- Easier access to equity
- No establishment fee & no monthly fees
- Lower interest rate
Cons
- Aimed mainly at high-end borrowers
- $*** Annual fee
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