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Founded: 1834

Lender Type: Major Bank

Owned by: ASX Listed

As a major bank, NAB is able to offer a range of home loans to customers, including competitive products for the $1 million-plus home loans. While still relatively conservative, as compared to the other major banks NAB is a bit more lenient in their lending policy, accepting loans for those with no genuine savings and with low deposits. They also have special deals for doctors and dentists. For those with poor credit, it can, however, be very difficult to get approved.

Key Benefits

Excellent online banking features
Reliable customer support
Variety of home loan products


High fees on some loans
Rates only moderately competitive
Need a strong credit history for loan approval

Home Loan Products

Compare Home Loans

Home Loans Description

NAB Base Variate Rate Home Loan

For a simple, easy home loan that will still give you the freedom to pay down your loan faster with additional repayments – as well as free redraw if you need to access your extra cash – this variable rate loan is a practical option. You’ll save on a great fee schedule and a low-interest rate. You’ll have to pay lender’s mortgage insurance if you borrow more than 80% of the property value and you’ll also have a higher rate with interest only payments but you do have the flexibility if you don’t have a large deposit ready or would benefit from the interest only period.

NAB Tailored Home Loan

Let your loan revolve around you, not the other way around. NAB lets you choose between a fixed or variable rate, or you can enjoy the best of both worlds with a split loan. You can still make extra repayments up to $20,000 with your fixed rate portion and can save on interest with an offset facility for your variable loan.

NAB Choice Package

Bundle your home loan with other banking products to help simplify your financial life and to save big with discounts and benefits. You won’t have to pay any ongoing fees for your account and can enjoy a rate discount. The more you borrow, the bigger the discount. You have the potential to save thousands on your loan – in the first year alone.

NAB FlexiPlus Mortgage

Need a line of credit for personal spending or investment purposes. FlexiPlus puts you in the driver’s seat with a moderately competitive interest rate and dynamic flexibility. You can link to your NAB transaction account and take out what you need up to your limit. When you are ahead, take a repayment holiday. You just have to ensure you’ve covered your interest. It’s your loan, your way.

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