NAB National Choice Package ($250,000 and above)
Posted July 26th, 2010
and last modified April 20th, 2012
What happens when I click Enquire Now?
- Clicking Enquire Now will take you to the lender's website
- After completing the contact form, a mortgage expert will contact you
- The mortgage expert will ensure you find the right loan, calculate your repayments, and explains all the associated fees
- After going through the enquiry process you will be able to know how much you can borrow, begin your application when you are ready to apply and be approved for a home loan
Paying all the fees that are associated with loans can become consuming. They can also come up at unexpected times and create financial stress. Some providers offer an alternative to paying all these fees individually by grouping them all together into one manageable annual payment. The NAB National Choice Package ($250,000 and above) does this by eliminating some of the fees and charges that are usually associated with loans and transferring them all into one manageable annual payment of $395. In addition to the elimination of fees, the NAB National Choice Package ($250,000 and above) also offers you discounts on other products that you may be considering. This article will explain all the discounts that are available with the NAB National Choice Package ($250,000 and above).
Features of the NAB National Choice Package ($250,000 and above)
The NAB National Choice Package ($250,000 and above) offers many other discounts in addition to the reduction in interest rates. These are:
- Discounts on interest rates. The NAB National Choice Package ($250,000 and above) offers discounts on the standard variable, fixed, flexi plus and the margin lending rates. The interest rate is one of the main factors that can affect the amount you will pay on a loan. By reducing the interest rate you will save money on your loan and have more money for other important things.
- Discounts on fees. By paying the one off annual fee the NAB National Choice Package ($250,000 and above) will eliminate some of the fees that are charged to the loan account. The NAB National Choice Package ($250,000 and above) will eliminate the application and service fees that are usually charged to the account.
- No transaction fees. In addition the fees mentioned above you will also receive discounts on transaction fees when using the NAB National Choice Package ($250,000 and above). The NAB National Choice Package ($250,000 and above) will eliminate the monthly service fees, transaction fees, and any fees associated with using non-NAB ATMs. These are fees that you will commonly have to pay, so by avoiding them you are able to save money immediately.
- Lower premiums in insurance products. The NAB National Choice Package ($250,000 and above) particularly beneficial if you are considering life insurance. The NAB National Choice Package ($250,000 and above) offers you a 5% discounts on MLC Life Cover Super and MLC Personal Protection Portfolio products. Furthermore, you will also only pay for 11 months of the 12 months cover for the Home and Residential Investor insurances. By saving on the costs of insurance you may already be paying the NAB National Choice Package ($250,000 and above) can save you more than just money on fees and charges.
- Extra interest on deposits. NAB National Choice Package ($250,000 and above) also allows you to earn more off your money by increasing the interest that you can earn. With the NAB National Choice Package ($250,000 and above) you can receive:
- a 0.25% increase in interest for standard term deposits;
- and, a 0.10%p.a increase in interest of blackboard specials on amounts between $5,000 to $250,000 for up to a 12 month period.
The additional packages that banks offer can save you time by grouping all the additional fees you will have to pay on a loan into one payment. However, the NAB National Choice Package ($250,000 and above) also offers you discounts on the interest rate, fees and charges. The NAB National Choice Package ($250,000 and above) also allows you to earn more interest on your money and provide you with discounts on insurance products. Find out more about NAB National Choice Package ($250,000 and above).
Read the NAB National Choice Package ($250,000 and above) terms and conditions.
| Minimum Loan Amount | $250,000 | |
|---|---|---|
| Maximum Loan Amount | $10,000,000 | |
| Maximum LVR | 95% | |
| Maximum Insured LVR | 95% | |
| Mortgage Offset Account | Yes | |
| Loan Redraw Facility | Yes | |
| Split Loan Facility | Yes | |
| Fixed Interest Option | No |
| Interest Rate Type | Variable | |
|---|---|---|
| Interest Rate | 6.29% | |
| Comparison Rate | 6.65% | |
| Repayment Type | Interest Only | |
| Repayment Frequency | Weekly | |
| Extra Repayments | Yes |
| Application Fee | $0 | |
|---|---|---|
| Legal Fee | $0 | |
| Valuation Fee | $0 | |
| Service Fee | $395 | |
| Exit Fee | $150 |
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