NAB FlexiPlus

The NAB Flexiplus Mortgage Facility is a Line of Credit product that is attached to a standard NAB transaction account and acts as a flexible credit source for the consumer. The Flexiplus mortgage facility has a credit limit that is set by the lender. The user can draw down on the line of credit whenever they like.

Clients often opt to have their income directly paid into the account and the user can choose to use the credit as much or as little as they like.

Unlike other banking products that are riddled with fees, the NAB Flexiplus Mortgage Facility has only one annual fee of $395. This is a competitive fee when looking across all the different lenders.

KEY BENEFITS

The NAB Flexiplus Mortgage Facility is a fantastic option for renovation work as well as vanilla type loans. It has a range of benefits attached to it.

Additional Repayments

Do you often feel restricted in paying down your loan? With the NAB Flexiplus Mortgage Facility you have the ability to pay off the home loan as quickly as you like. You can make payments electronically during the duration of the loan.

Splitting Loans

Want the best of both worlds? The Flexiplus product permits users to split loans. Splitting loans allows you to take out another loan in conjunction with the Flexiplus mortgage and to maximise your benefits offered by both products. If you like flexibility in a home loan the Flexiplus product is very accommodating.

Attractive Interest Rate

The line of credit offers a competitive interest rate in comparison with the market. You can be confident that the rate you are receiving is a good deal.

Low Doc Loan

If you are self employed don’t worry, the Flexiplus mortgage can accommodate you. As business owners do not always have their financial statements readily available the low documentation home loan is often an appealing option.

Construction

Renovations are often done using a line of credit. The line of credit provides consumers that are building the flexibility they need to take money out for work needed on the property. Without the headache of dealing with the bank you can simply draw down on the credit limit to purchase your necessary materials. The flexibility of the loan often appeals to builders and renovators.