NAB
★ 4.0 / 5
big4 · Est. 1858 · HQ VIC · ABN 12 004 044 937
NAB has a particularly strong commercial and investor home-loan presence; Choice Package bundles its offset with credit cards.
Pros & cons
Pros
- Strong investor lending appetite
- Choice Package bundling
- Competitive 3-year fixed
Cons
- Rate margins narrow for variable
- App rebuilt; some retention pain
NAB home loan products
| Product | Type | Rate | Comp. rate | Features |
|---|---|---|---|---|
| 3-Year Fixed | fixed 3yr | 5.99% | 6.46% | extra repay |
| Choice Package Variable | variable | 6.04% | 6.42% | offset, redraw, package, extra repay |
| Base Variable Rate | variable | 6.39% | 6.43% | redraw, extra repay |
Indicative monthly repayment on a $500,000 loan over 30 years at NAB's lowest rate (5.99% p.a.): $2,995/month. Run a full comparison on our repayment calculator.