NAB Rural Lifestyle Fixed 4 Years

The NAB Rural Lifestyle 4-Year Fixed Rate home loan is both an expandable and affordable loan product that has been designed with rural real estate buyers in mind.

This home loan comes with some standard benefits that include extra repayment options, split loans, as well as repayment holidays. Unlike the variable rate loan, the fixed-rate version does not have redraw facility as an option. The introductory term is fixed for 4 years. The same $8 service fee applies.

All NAB Rural Lifestyle home loans present fixed and variable rate loans as well as a line of credit who want even more flexibility.

KEY BENEFITS

Extra Repayments

As with other NAB, you can make additional payments on your home loan. During the variable rate term, the extra repayments are unlimited, but with the fixed-rate option, you may have to pay prepayment fees if your payments exceed $20,000.

A Split Loan

This feature lets you take out 2 different loans on the same property without paying an extra application fee. You can utilize the special features of two NAB home loans at different point in the payment period.

Repayment Holidays

You can stop making payments using a repayment holiday if you have managed to some of your monthly payments in advance.

Maximum Loan Offer

You can have the option to borrow up to 70% of the property value if it has Rural Freehold zoning status. Those listed as Rural Leasehold allows a maximum of 65% of the stated property value.