NAB Three Years Fixed Rate Home Loan
Posted May 7th, 2010
and last modified April 19th, 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
Fixed rate loans are a great way to secure your payments into the future. It may be a good idea to fix your interest rate if they may be on the rise or you believe that they have reached the lowest they will for a while. The NAB Tailored Home Loan – Fixed Rate offers a great fixed loan package for people who may want to fix their interest rate. The NAB Tailored Home Loan – Fixed Rate loan offers you a loan with great interest rates and a variety of features that can add to the flexibility of your loan. The interest rates offered with the NAB Tailored Home Loan – Fixed Rate can vary depending on the fixed rate term. The interest rates on offer are:
Features of the NAB Tailored Home Loan – Fixed Rate
In addition to the low interest rates the NAB Tailored Home Loan – Fixed Rate offers a variety of features that can help you save money. These features are:
- Borrowing conditions. You are able to borrow up to 95% of the total home value on the NAB Tailored Home Loan – Fixed Rate. You can pay off the NAB Tailored Home Loan – Fixed Rate over a 10 year period.
- Make additional repayments. The NAB Tailored Home Loan – Fixed Rate allows you to make additional repayments. While on the fixed rate loan period you are able a total of $20,000 of additional repayments. When the fixed rate period is over you are able to make unlimited additional repayments onto the NAB Tailored Home Loan – Fixed Rate.
- Redraw facility. If you make any of the additional repayments you are able to withdraw them at anytime. While you are restricted to redraw a minimum of $2,000 at any one time, you can be sure that any additional funds that you have paid onto the loan can be used on other things if money becomes tight. Furthermore, by depositing more money on the loan you will reduce the interest charged to the account. So you will still be saving money even if you withdraw the funds.
- Pay only the interest. For a maximum of 5 years you can pay only the interest portion of the repayments on the NAB Tailored Home Loan – Fixed Rate. This is a great feature that can free up some of your money if you find yourself short of money for a period of time.
- You can split the loan. If you would like the NAB Tailored Home Loan – Fixed Rate allows you to split the loan to take advantage of the benefits of other loan types. You can opt to have half of you loan subject to a fixed interest rate and the other half subject to a variable rate. This can ensure that you get the benefits of periods when interest rates are reduced and save money on your repayments.
The fixed rate loans are a great way to secure the payments on your home loan for the fixed loan period. These loans are suited to the type of person who would like to know what your payments will be. The NAB Tailored Home Loan – Fixed Rate offers a great home loan offers a great fixed rate home loan package with many additional features that can help you save. Find out more about NAB Tailored Home Loan – Fixed Rate.
Read the NAB Tailored Fixed Rate Home Loan - 3 Year Fixed 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 | No | |
| Loan Redraw Facility | Yes | |
| Split Loan Facility | Yes | |
| Fixed Interest Option | No |
| Interest Rate Type | Fixed | |
|---|---|---|
| Interest Rate | 6.09% | |
| Comparison Rate | 6.86% | |
| 3 Year Fixed Rate | 7.29% | |
| Repayment Type | Interest Only | |
| Repayment Frequency | Weekly | |
| Extra Repayments | Yes |
| Application Fee | $600 | |
|---|---|---|
| Legal Fee | $0 | |
| Valuation Fee | $0 | |
| Service Fee | $8.00 | |
| Settlement Fee | $0 | |
| Exit Fee | $150 |
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