NAB Home Loan
4 November 2008
The NAB home loan is competitive with the offerings of many mortgage companies, with variable rate mortgage home loans that are currently discounted by 0.8% p.a. Australian mortgage companies lately have to work hard to offer the best interest rates, as lowered official cash rates by the RBA are tempered by high costs for banks to borrow money. The NAB home loan nevertheless offers a flexible package that will provide excellent value to many individuals.
NAB home loans can be split into both fixed rate mortgage home loans amounts and variable rate mortgage home loans amounts for those that prefer to hedge their bets. Using a fixed rate will restrict the amount extra you may repay on top of your minimum monthly repayments, as is usual, but the current NAB fixed rate home loan for $150,000 over 2 years is a mere 6.89% p.a. Considering how high interest rates have been over the past 9 months, this should be welcome news to many who have been looking for a great home loan to refinance with or take out a new home loan with.
Features of a NAB home loan can include:
- A 3 year fixed rate of 6.89% p.a. for a home loan of $150,000 over 25 years
- A 3 year discount of 0.8% p.a. on the NAB home loan variable rate, very competitive with other mortgage companies
- A current variable rate of 7.56% p.a. on a home loan of $150,000 over 25 years
- Choice to split amounts of your loan between variable rate and fixed rate options
- Annual fee free NAB credit card to help you to save more money for your home loan
Please visit our comparison page if you would like to compare home loans and mortgages from a selection of mortgage companies.
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