NAB Base Variable

The NAB Base Variable Rate Home Loan is a fantastic low rate home loan that appeals to both owner occupiers and investors. The National Australia Bank’s basic variable product provides flexibility in the home loan that presents customers with the opportunity to pay off their home loan and own the property sooner. 

The basic variable product is a simple home loan that takes a no frills approach and has no monthly fees. Less ongoing fees means more money for you.

The home loan provides clients with the ability to pay down the home loan sooner without any penalty costs. This flexible nature makes it appealing to those that wish to own their own home faster.

The Basic variable product also provides the opportunity for interest only repayments for the first five years. The option is open for clients to act upon if it is their interest to do so.

KEY BENEFITS

The basic variable product has a number of associated benefits.

Cheap Interest Rate

Enjoy a low variable rate - lower interest rates are a great way to help clients save money.

$0 Monthly Fees, $0 Annual Fees

Can’t stand bank fees? Make sure you are not paying any monthly or annual fees.

Additional Repayments

Have the ability to pay your loan off quicker than other products allowing you to own your home sooner.

Flexible Repayments

Want to take more control over your loan repayments? You can do so by choosing monthly, fortnightly or weekly repayment options.

Redraw Facility

The redraw facility allows you to take money out of the loan that you have already paid down. Be aware that it only allows you to draw on funds that you have already paid over the standard repayment. Also note that the minimum redraw amount is $2,000 and that fees are applied.