There are 103 National Australia Bank mortgage rates products in our database. NAB offers an Owner Occupier Interest Only in Arrears fixed rate starting at 6.19% for a 3 year product.
To keep up with the changing National Australia Bank mortgage rates, check this page weekly or bookmark it for easy access.
These are the current rates as of July 4, 2025.
NAB Tailored Home Loans
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (1- year fixed period) | 1 year | 5.54% | 6.30% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (1- year fixed period) | 1 year | 5.54% | 6.30% | $0.00 | 60.01% - 70% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (1- year fixed period) | 1 year | 5.54% | 6.48% | $0.00 | 70.01% - 80% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (1- year fixed period) | 1 year | 5.64% | 6.49% | $0.00 | 80.01% or more |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (2- year fixed period) | 2 years | 5.44% | 6.21% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (2- year fixed period) | 2 years | 5.44% | 6.21% | $0.00 | 60.01% - 70% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (2- year fixed period) | 2 years | 5.44% | 6.37% | $0.00 | 70.01% - 80% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (2- year fixed period) | 2 years | 5.54% | 6.39% | $0.00 | 80.01% or more |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (3- year fixed period) | 3 years | 5.39% | 6.12% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (3- year fixed period) | 3 years | 5.39% | 6.12% | $0.00 | 60.01% - 70% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (3- year fixed period) | 3 years | 5.39% | 6.26% | $0.00 | 70.01% - 80% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (3- year fixed period) | 3 years | 5.49% | 6.29% | $0.00 | 80.01% or more |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (4- year fixed period) | 4 years | 5.79% | 6.19% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (4- year fixed period) | 4 years | 5.79% | 6.19% | $0.00 | 60.01% - 70% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (4- year fixed period) | 4 years | 5.79% | 6.32% | $0.00 | 70.01% - 80% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (4- year fixed period) | 4 years | 5.89% | 6.36% | $0.00 | 80.01% or more |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (5- year fixed period) | 5 years | 5.79% | 6.16% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (5- year fixed period) | 5 years | 5.79% | 6.16% | $0.00 | 60.01% - 70% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (5- year fixed period) | 5 years | 5.79% | 6.27% | $0.00 | 70.01% - 80% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Owner Occupier (5- year fixed period) | 5 years | 5.89% | 6.31% | $0.00 | 80.01% or more |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (1-year fixed period) | 1 year | 6.09% | 6.51% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (1-year fixed period) | 1 year | 6.09% | 6.51% | $0.00 | 60.01% - 70% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (1-year fixed period) | 1 year | 6.09% | 6.69% | $0.00 | 70.01% - 80% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (1-year fixed period) | 1 year | 6.19% | 6.70% | $0.00 | 80.01% or more |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (2-year fixed period) | 2 years | 5.99% | 6.43% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (2-year fixed period) | 2 years | 5.99% | 6.43% | $0.00 | 60.01% - 70% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (2-year fixed period) | 2 years | 5.99% | 6.59% | $0.00 | 70.01% - 80% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (2-year fixed period) | 2 years | 6.09% | 6.61% | $0.00 | 80.01% or more |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (3-year fixed period) | 3 years | 5.99% | 6.36% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (3-year fixed period) | 3 years | 5.99% | 6.36% | $0.00 | 60.01% - 70% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (3-year fixed period) | 3 years | 5.99% | 6.51% | $0.00 | 70.01% - 80% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (3-year fixed period) | 3 years | 6.09% | 6.53% | $0.00 | 80.01% or more |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (4-year fixed period) | 4 years | 6.29% | 6.40% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (4-year fixed period) | 4 years | 6.29% | 6.40% | $0.00 | 60.01% - 70% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (4-year fixed period) | 4 years | 6.29% | 6.53% | $0.00 | 70.01% - 80% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (4-year fixed period) | 4 years | 6.39% | 6.57% | $0.00 | 80.01% or more |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (5-year fixed period) | 5 years | 6.29% | 6.37% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (5-year fixed period) | 5 years | 6.29% | 6.37% | $0.00 | 60.01% - 70% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (5-year fixed period) | 5 years | 6.29% | 6.48% | $0.00 | 70.01% - 80% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Owner Occupier (5-year fixed period) | 5 years | 6.39% | 6.53% | $0.00 | 80.01% or more |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (1-year fixed period) | 1 year | 5.69% | 6.58% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (1-year fixed period) | 1 year | 5.69% | 6.58% | $0.00 | 60.01% - 70% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (1-year fixed period) | 1 year | 5.69% | 6.76% | $0.00 | 70.01% - 80% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (1-year fixed period) | 1 year | 5.79% | 6.77% | $0.00 | 80.01% or more |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (2-year fixed period) | 2 years | 5.59% | 6.48% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (2-year fixed period) | 2 years | 5.59% | 6.48% | $0.00 | 60.01% - 70% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (2-year fixed period) | 2 years | 5.59% | 6.63% | $0.00 | 70.01% - 80% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (2-year fixed period) | 2 years | 5.69% | 6.65% | $0.00 | 80.01% or more |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (3-year fixed period) | 3 years | 5.59% | 6.39% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (3-year fixed period) | 3 years | 5.59% | 6.39% | $0.00 | 60.01% - 70% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (3-year fixed period) | 3 years | 5.59% | 6.53% | $0.00 | 70.01% - 80% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (3-year fixed period) | 3 years | 5.69% | 6.56% | $0.00 | 80.01% or more |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (4-year fixed period) | 4 years | 5.99% | 6.46% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (4-year fixed period) | 4 years | 5.99% | 6.46% | $0.00 | 60.01% - 70% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (4-year fixed period) | 4 years | 5.99% | 6.58% | $0.00 | 70.01% - 80% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (4-year fixed period) | 4 years | 6.09% | 6.62% | $0.00 | 80.01% or more |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (5-year fixed period) | 5 years | 5.99% | 6.41% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (5-year fixed period) | 5 years | 5.99% | 6.41% | $0.00 | 60.01% - 70% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (5-year fixed period) | 5 years | 5.99% | 6.52% | $0.00 | 70.01% - 80% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Principal and Interest - Residential Investor (5-year fixed period) | 5 years | 6.09% | 6.57% | $0.00 | 80.01% or more |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (1-year fixed period) | 1 year | 5.79% | 6.66% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (1-year fixed period) | 1 year | 5.79% | 6.66% | $0.00 | 60.01% - 70% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (1-year fixed period) | 1 year | 5.79% | 6.84% | $0.00 | 70.01% - 80% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (1-year fixed period) | 1 year | 5.89% | 6.85% | $0.00 | 80.01% or more |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (2-year fixed period) | 2 years | 5.69% | 6.55% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (2-year fixed period) | 2 years | 5.69% | 6.55% | $0.00 | 60.01% - 70% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (2-year fixed period) | 2 years | 5.69% | 6.71% | $0.00 | 70.01% - 80% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (2-year fixed period) | 2 years | 5.79% | 6.73% | $0.00 | 80.01% or more |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (3-year fixed period) | 3 years | 5.69% | 6.46% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (3-year fixed period) | 3 years | 5.69% | 6.46% | $0.00 | 60.01% - 70% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (3-year fixed period) | 3 years | 5.69% | 6.60% | $0.00 | 70.01% - 80% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (3-year fixed period) | 3 years | 5.79% | 6.63% | $0.00 | 80.01% or more |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (4-year fixed period) | 4 years | 6.09% | 6.51% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (4-year fixed period) | 4 years | 6.09% | 6.51% | $0.00 | 60.01% - 70% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (4-year fixed period) | 4 years | 6.09% | 6.64% | $0.00 | 70.01% - 80% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (4-year fixed period) | 4 years | 6.19% | 6.67% | $0.00 | 80.01% or more |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (5-year fixed period) | 5 years | 6.09% | 6.46% | $0.00 | 60% or less |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (5-year fixed period) | 5 years | 6.09% | 6.46% | $0.00 | 60.01% - 70% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (5-year fixed period) | 5 years | 6.09% | 6.57% | $0.00 | 70.01% - 80% |
| NATIONAL AUSTRALIA BANK | NAB Tailored Home Loan - Interest Only in Arrears - Residential Investor (5-year fixed period) | 5 years | 6.19% | 6.61% | $0.00 | 80.01% or more |
Basic Variable Rates
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| NATIONAL AUSTRALIA BANK | Basic variable rate - Owner occupier (Principal and interest) | 5.94% | 5.98% | $0.00 | 0.7 | |
| NATIONAL AUSTRALIA BANK | Basic variable rate - Owner occupier (Interest Only) | 6.84% | 6.36% | $0.00 | 0.7 | |
| NATIONAL AUSTRALIA BANK | Basic variable rate - Residential investor (Principal and interest) | 6.46% | 6.50% | $0.00 | 0.7 | |
| NATIONAL AUSTRALIA BANK | Basic variable rate - Residential investor (Interest Only) | 7.17% | 6.81% | $0.00 | 0.7 |
Tailored Variable Rate with Offset
| COMPANY | TYPE | TERM | INITIAL RATE | THE OVERALL COST FOR COMPARISON IS | PRODUCT FEE | LOAN TO VALUE (LTV) |
|---|---|---|---|---|---|---|
| NATIONAL AUSTRALIA BANK | Tailored variable rate with offset - Principal and Interest - Owner Occupier (LVR 60% or less) | 6.29% | 6.38% | $0.00 | 60% or less | |
| NATIONAL AUSTRALIA BANK | Tailored variable rate with offset - Principal and Interest - Owner Occupier (LVR 60.01% - 70%) | 6.29% | 6.38% | $0.00 | 60.01% - 70% | |
| NATIONAL AUSTRALIA BANK | Tailored variable rate with offset - Principal and Interest - Owner Occupier (LVR 70.01% - 80%) | 6.49% | 6.58% | $0.00 | 70.01% - 80% | |
| NATIONAL AUSTRALIA BANK | Tailored variable rate with offset - Principal and Interest - Owner Occupier (LVR 80.01% or more) | 6.49% | 6.58% | $0.00 | 80.01% or more | |
| NATIONAL AUSTRALIA BANK | Tailored variable rate with offset - Interest Only - Owner Occupier (LVR 60% or less) | 6.76% | 6.57% | $0.00 | 60% or less | |
| NATIONAL AUSTRALIA BANK | Tailored variable rate with offset - Interest Only - Owner Occupier (LVR 60.01% - 70%) | 6.76% | 6.57% | $0.00 | 60.01% - 70% | |
| NATIONAL AUSTRALIA BANK | Tailored variable rate with offset - Interest Only - Owner Occupier (LVR 70.01% - 80%) | 6.96% | 6.77% | $0.00 | 70.01% - 80 | |
| NATIONAL AUSTRALIA BANK | Tailored variable rate with offset - Interest Only - Owner Occupier (LVR 80.01% or more) | 6.96% | 6.77% | $0.00 | 80.01% or more | |
| NATIONAL AUSTRALIA BANK | Tailored variable rate with offset - Principal and Interest - Residential Investor (LVR 60% or less) | 6.59% | 6.67% | $0.00 | 60% or less | |
| NATIONAL AUSTRALIA BANK | Tailored variable rate with offset - Principal and Interest - Residential Investor (LVR 60.01% - 70%) | 6.59% | 6.67% | $0.00 | 60.01% - 70% | |
| NATIONAL AUSTRALIA BANK | Tailored variable rate with offset - Principal and Interest - Residential Investor (LVR 70.01% - 80%) | 6.79% | 6.87% | $0.00 | 70.01% - 80 | |
| NATIONAL AUSTRALIA BANK | Tailored variable rate with offset - Principal and Interest - Residential Investor (LVR 80.01% or more) | 6.79% | 6.87% | $0.00 | 80.01% or more | |
| NATIONAL AUSTRALIA BANK | Tailored variable rate with offset - Interest Only -Residential Investor (LVR 60% or less) | 6.79% | 6.76% | $0.00 | 60% or less | |
| NATIONAL AUSTRALIA BANK | Tailored variable rate with offset - Interest Only -Residential Investor (LVR 60.01% - 70%) | 6.79% | 6.76% | $0.00 | 60.01% - 70% | |
| NATIONAL AUSTRALIA BANK | Tailored variable rate with offset - Interest Only -Residential Investor (LVR 70.01% - 80%) | 6.99% | 6.96% | $0.00 | 70.01% - 80% | |
| NATIONAL AUSTRALIA BANK | Tailored variable rate with offset - Interest Only -Residential Investor (LVR 80.01% or more) | 6.99% | 6.96% | $0.00 | 80.01% or more |
National Australia Bank mortgage rates FAQs
Is NAB a good bank for home loans?
National Australia Bank offers a variety of competitive home loan options that many borrowers find appealing, with customers reporting satisfaction with their rates and customer service. Reviewers regard NAB as an acceptable choice for home loans, balancing competitive rates with quality service. Key features include:
affordable interest rates: National Australia Bank mortgage rates are well-regarded for their competitiveness
continuous improvement: the bank often refines its offerings, enhancing digital services and loan products
customer service: while comparable to major banks like ANZ and Commonwealth Bank, some customers find NAB's service slightly better
first-time buyer incentives: NAB provides special offers, including incentives and discounts, for new homeowners
offset and redraw facilities: these features help reduce interest and provide access to extra repayments
online and mobile banking: NAB's digital tools are constantly updated for easy account management
comprehensive loan calculators: these tools aid in planning and managing loans effectively
flexible repayment terms: NAB allows for tailored repayment schedules to suit individual needs
NAB is often described as a reliable bank with helpful staff and diverse loan features, and flexible options. Its competitive rates and high-quality service make it a comparable choice to other major banks. NAB's dedication to improving its digital offerings and providing comprehensive tools ensures a positive experience for borrowers.
How do I get the best National Australia Bank mortgage rates?
Customers can negotiate their mortgage options with their lenders, similar to negotiating salaries. However, not all lenders will automatically give you the best deals; sometimes, you will have to request it. To get suitable home loan options that cater to your financial needs and goals, you must:
familiarise yourself with the processes: start by understanding NAB's home loan interest rates and fees. Visit their page to get more detailed information
evaluate your credit score: maintain a good credit score. A higher score can help you qualify for a lower interest rate
compare National Australia Bank mortgage rates: research and compare your current home loan rates with other lenders. Use comparison websites and NAB’s own tools to see where they stand
gather necessary documentation: prepare all necessary documents, including proof of income, identification, and any other financial information NAB requires
negotiate with NAB: be ready to negotiate, discuss your findings, and ask if they can offer a better rate
consider a mortgage broker: engage a mortgage broker to help you navigate the process and find the best deal. Brokers can often secure rates you might not find on your own
regularly review your mortgage: after securing a mortgage, review your rate periodically. Market conditions change, and you may be able to negotiate a better rate later
Be open to switching mortgage providers if you want a better deal. Sometimes, expressing this preference will make them offer you better alternatives. To secure the best National Australia Bank mortgage rates, follow these steps.
How long does it take to get a NAB home loan?
The time it takes for National Australia Bank to process home loans varies based on several factors, including the completeness of your application and the valuation of the property. Usually, the process can take a few days or weeks from application to unconditional approval. However, NAB home loans can be approved in as little as 15 minutes through their Simple Home Loan platform.
Simple Home Loan platform
NAB offers the Simple Home Loan, a digital platform designed for quick and easy home loan approvals
Competitive options
Favourable National Australia Bank mortgage rates are offered along with a speedy process
Fast approvals
According to Home Ownership Executive Andy Kerr, some home loans have been unconditionally approved in as little as 15 minutes
Efficient processing
90% of NAB home loans are processed through the Simple Home Loan platform
35% of eligible customers receive approval in under one hour
50% of customers get a decision within 24 hours
Average approval time
In 2022, NAB’s average approval time across all home loan applications was less than two days
These speedy processing times make NAB an attractive choice for home buyers looking for efficient and reliable mortgage solutions. It's essential to ensure all necessary documents are provided to avoid delays.
Is there a decrease in National Australia Bank mortgage rates?
NAB reduced its advertised variable home loan rates to align more closely with the actual rates customers receive. This strategic move aims to enhance transparency and accuracy in their rate offerings. Here’s what you need to know:
transparency improvement: this update of National Australia Bank mortgage rates reflects a broader industry trend to present more accurate and transparent pricing structures. This helps customers make more informed decisions
marketing strategy: despite appearing as a rate cut, this overhaul is more about marketing and aligning advertised rates with actual lending practices
market pressure: NAB's move is expected to pressure other major banks to follow suit, potentially leading to more competitive rates across the market
For borrowers, this means:
potential savings: lower advertised rates can lead to better deals and savings over the life of the mortgage
increased competition: as other banks may adjust their rates, it could lead to more favourable terms for consumers
The adjustment to NAB's advertised rates is part of a larger effort towards transparency and competition within the mortgage market. It’s a beneficial change for consumers, offering clearer insights into what they can expect to pay. To stay updated on the latest National Australia Bank mortgage rates, bookmark this page.
Besides the NAB variable home loan rate changes, most of the bank's mortgage rates remain unchanged until further notice. Rate adjustments are at the bank's discretion, influenced mainly by the Reserve Bank of Australia's cash rate changes.
