NAB Choice Package Fixed 3 Years

The NAB Choice Package Fixed 3 Year Home Loan allows customers to lock in their home loan payments over 3 years. The Choice Package provides an interest rate discount of 0.10% to clients with loan sizes greater than $250,000. The only ongoing fee is a $395 annual fee.

There are no establishment costs or monthly fees associated with the product.

Locking in a low interest rate over a fixed period is great for customers who want to know exactly what their outgoings will be.

This loan provides a low interest rate to clients who are after security around their repayments over 3 years.

KEY BENEFITS

There are a number of beneficial features:

Interest Rate Discount

Lower than the standard fixed rate by 0.10% for loans that are over $250,000. The lower interest rate means lower repayments for the first 3 years that you have the loan.

Zero Establishment Cost

Another advantage is that there is no upfront cost.

Repayment Options are Flexible

Monthly, fortnightly and weekly repayments are all available and can be discussed with the mobile banker while going through your loan.

Redraw Facility

Draw on additional cash once the fixed rate period if you are on top of the repayments. (Note: Minimum redraw of $2,000).

Self-Employed

This loan is available to self-employed individuals.