NAB home loans

National Australia Bank, more commonly known as NAB, is one of the big four banks in Australia. NAB is headquartered in Melbourne and has more than 900 locations across the country. NAB has over 30,000 employees who serve over 9 million customers.

NAB offers a wide range of home loans, including mortgages for first-time buyers, investors, renovators and refinancers.

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Mark Bristow

Personal Finance Editor

Content updated

01 Aug, 2023

Product data updated

22 Dec, 2024

Why choose NAB

Benefits

Large variety of home loans to choose from
Loans can be packaged with other financial products
Flexible loan features
Comprehensive customer support

Drawbacks

Some loans have fees
Less competitive interest rates

Home Loans calculator

Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.

Your estimated mortgage repayments

Total interest

Total repayments

How much can I borrow?

Compare home loans

All calculations are estimates only; they are not guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
It is assumed that data entered into the calculator, including interest rates, do not change for the lifetime of the loan - unless specified.
The Present Value provided by this calculator is displayed as the amount labelled 'Loan amount'.
At the end of the interest-only period, the rate may change. For this calculation, rate switches to the current rate.
The current rate is today’s average big 4 owner occupier advertised discounted variable rate (LVR 80%), unless you have inserted your own rate.
Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.

Months are assumed to be of equal length. However, given some months are longer than others, interest charged may vary depending upon the month.
One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.
The calculator uses the unrounded repayment to derive the home loan summary line graph and repayment schedule. However, institutions may round repayments to the nearest cent.
Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
Calculator does not include the cost of fees or other extra charges.
Calculator does not account for changes to interest rates over time.
This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Consider whether you need financial advice from a qualified adviser.
After the interest only term ends, your repayments will change based on the current* interest rate. This rate is subject to change. Read our full disclaimer.

Contact a mortgage broker

NAB home loans are available through brokers who can help find the right loan and manage your application at no charge.

Arnab Baral

VIC3030

Australian Credit Licence: 384324

4.9

162 Google reviews

Get expert advice from a home loans specialist.

Arnab Baral is a distinguished Mortgage Broker at Cinch Loans, proudly serving the community across Australia. With a we...

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Aileen Ho

NSW2000

Customer Representative Number: 392035

5.0

136 Google reviews

Get expert advice from a home loans specialist.

Aileen has over 10 years of banking experience across the two major banks, Westpac and ANZ and as a Mortgage Broker sinc...

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Ross Hanrahan

NSW2064

Customer Representative Number: 392035

5.0

21 Google reviews

Get expert advice from a home loans specialist.

Ross is a mortgage broker with a UK background, based in Sydney Australia and helps people get on and move up the proper...

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NAB customer service

Home loan customers at NAB are able to speak to customer support by contacting the home loan hotline seven days a week, or by popping into a NAB branch, emailing the bank directly or by filling out an online enquiry form. Potential NAB customers can also chat with a customer service representative via the online chat function or can contact a NAB mobile banker directly.

Customer service (phone, email, branch)
Mobile app
Online banking
Live Chat
Mobile banking staff

How to apply for an NAB home loan

NAB provides potential customers with multiple ways to apply for a home loan. This includes calling the bank, applying online, visiting a branch or organising for a NAB Mobile Banker to come to you.

Before applying for a home loan, think about how much you can afford to borrow given your financial situation and income.

You will also need to provide documentation when applying for a home loan, including:

Personal identification
Proof of income – whether you are self-employed or work for an employer
Proof of other income, including rental from investment properties
Information regarding your current debts, liabilities and assets

About NAB home loans

As one of Australia’s big four banks, NAB offers a wide variety of mortgages that suit almost every type of borrower, including:

First home buyers
Upgraders
Investors
Renovators
Refinancers

Those who choose a NAB mortgage can choose from a variety of interest rate options, including:

Principal-and-interest home loans
Interest-only home loans
Variable interest rates
Fixed interest rates
Split loans

Mortgage borrowers may be able to earn discounts and fee waivers when they combine their home loan with other NAB products, like credit cards. Some NAB home loans also offer lower (temporary) introductory interest rates and interest rate discounts.

NAB generally charges an application fee and annual service fee for its home loans, though some offers may waive some or all of these fees.

NAB home loan rates

While NAB doesn’t always offer the lowest rates on the market, it attracts customers with its well-known brand, extensive branch network, and convenience.

As a general rule, NAB home loans for owner-occupiers have lower interest rates than mortgages for investors, and borrowers who choose principal and interest loans tend to get lower interest rates than those who choose interest-only mortgages.

NAB also offers home loan rates for variable and fixed mortgages. Rates can be fixed for a term between one and five years, with the longer fixed terms more often charging higher fixed interest rates.

NAB home loans review

NAB is well-known and well-regarded by many Australians, and provides home loan options that could be suited to almost any type of borrower. There are NAB home loans suited to first-time buyers, renovators, refinancers, and investors.

NAB home loans can be principal and interest or interest-only. Borrowers can also choose for their mortgages to be variable, fixed, or split.

While NAB doesn’t always offer the lowest home loan interest rates on the market, and you may need to account for application and ongoing fees, bundling or packaging your mortgage with other NAB financial products may let you enjoy extra value or see some of your fees waived.

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About our expert

Mark Bristow

Personal Finance Editor

Mark Bristow is RateCity's Home & Personal Finances Editor, and an experienced analyst, researcher, and producer. While primarily focused on Australian mortgage and home loan expertise, he has experience across energy, home and travel insurances. Mark has been a journalist and writer in the financial space for over ten years, previously researching and writing commercial real estate at CoreLogic. In the years since, Mark has worked for the Winning Group, Expedia, and has seen articles published at Lifehacker and Business Insider.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

NAB home loans

Why choose NAB

Benefits

Drawbacks

NAB Home Loans