NAB Tailored Home Loan
Posted May 11th, 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
Variable rate loans are loans where the interest rate will fluctuate throughout the term of your loan. While the interest rates do vary over the course of the loan and may rise you can be sure that you will be paying less while the interest rates are lowered. The NAB Tailored Home Loan – Variable Rate is a great variable rate loan that offers you a great interest rate and many additional features that can help you save.
Features of the NAB Tailored Home Loan – Variable Rate
The NAB Tailored Home Loan – Variable Rate offers a variety of features that allow you to further save money. These features are:
- You can choose how you pay the loan. The NAB Tailored Home Loan – Variable Rate allows you to choose how you pay the loan off. You can choose between weekly, fortnightly and monthly repayments. This allows you to tailor the repayments to suit how your income is paid to you.
- How much can you borrow. The NAB Tailored Home Loan – Variable Rate allows you to borrow up to 95% of the loan. This is a comparatively large amount and is handy if you are not able to save up a deposit in time to buy the home of your dreams.
- Make additional repayments. If you make additional repayments on the loan you will not only pay off your loan faster but you will reduce the amount of interest that is charged to your loan. This will reduce the total amount you will have to pay on the loan. The NAB Tailored Home Loan – Variable Rate allows you to make as many additional repayments as you like.
- Redraw facility. If you choose to make any additional repayments you will be glad to know that you can access these funds at anytime. The NAB Tailored Home Loan – Variable Rate allows you to redraw any additional repayments you may have made. The minimum redraw amount is $2,000.
- 100% interest offset account. An interest offset account allows you to deposit your savings into the account. Any funds that are in this account are then offset against the loan. This will reduce the amount of interest that is charged to the loan. This will save you money over the term of your loan by reducing the amount of interest that is charged to your account.
- You can split the loan. The NAB Tailored Home Loan – Variable Rate allows you to split the home loan into two separate portions. By splitting the loan into two separate portions you are able to subject each portion to separate loan types.
- The loan is portable. The loan term can be a long time and your circumstances can change. If you have to move the NAB Tailored Home Loan – Variable Rate allows you to move the loan between homes. This can save you time and the costs associated with applying for a new home loan.
Variable rate loans are great loan packages that allow you to pay off your loan with flexibility of many features. These features can often help you pay off the loan faster and for less money. The NAB Tailored Home Loan – Variable Rate is no different and offers a great loan package with a variety of features that can give the added flexibility. The features such as the interest offset account and the ability to make additional repayments can help you save money.
Read the NAB Tailored Home Loan - Variable Rate terms and conditions.
| Minimum Loan Amount | $20,000 | |
|---|---|---|
| Maximum Loan Amount | $10,000,000 | |
| Maximum LVR | 95% | |
| Maximum Insured LVR | 95% | |
| Mortgage Offset Account | Yes | |
| Loan Redraw Facility | Yes | |
| Split Loan Facility | No | |
| Fixed Interest Option | No |
| Interest Rate Type | Fixed | |
|---|---|---|
| Interest Rate | 6.99% | |
| Comparison Rate | 7.12% | |
| Repayment Type | Interest Only | |
| Repayment Frequency | Weekly | |
| Extra Repayments | Yes |
| Application Fee | $600 | |
|---|---|---|
| Legal Fee | $0 | |
| Valuation Fee | $0 | |
| Service Fee | $10.00 | |
| Settlement Fee | $0 | |
| Exit Fee | $150 |
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au - Dream Catcher | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 5.85% | 6.21% | $0 / $375 | 80% | $50,000 / $750,000 |
 
|
 Bankwest Online Home Loan | A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. | 5.97% | 5.97% | $0 / $0 | 80% | $100,000 / $1,000,000 |
|
 Illawarra Home Loans Bank Beater Home Loan | A low variable rate, beaten down even further by 0.05% p.a. after 5 years. | 6.07% | 6.35% | $0 / $345 | 90% | $250,000 / $1,000,000 |
|
 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded Mortgage of the Year 2012 – this multi-award winner features 100% offset and a loyalty 0.25% rate drop after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
|
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