NAB Tailored Fixed 4 Years

The NAB Tailored 4-Year Fixed Rate home loan provides borrowers with a four-year introductory fixed rate. Once this timeframe ends, the loan would the fixed rate term expires, the loan would transfer to an NAB standard variable rate.

The NAB Tailored home loan can be added to a NAB Choice package that incorporates loans products and other services. Such an option could help save money by cutting the annual fees that would be changed on the separate accounts and products.

Most NAB home loans offer some flexibility in the length of repayment terms. Borrowers can choose to pay weekly, fortnightly, or monthly. If you want to pay interest only in advance you can do so annually. If you want to pay interest only for a loan in arrears, you should do so monthly.

KEY BENEFITS

Below you will find some important benefits connected with this loan.

Additional Repayment Options

You can pay up to $20,000 in additional payments on your mortgage during the fixed rate portion of the loan and unlimited payments during the variable rate term.

The Repayment Holiday

You can stop repayments on a loan if you have paid ahead on your loans.

Interest Only Payments

You can pay up to five years interest only whether you are an investor or owner on a loan in arrears. You can pay interest only in advance as an investor.

Redraw Facility

You have the option to gain access to additional funds after the loan’s fixed rate term ends, but you will have to be paid in advance on your monthly payments.

Split Loans

You may get two distinct loans for the same real estate while being required to pay for a single application.

About The Self Employed

The self-employed may use the “Low Doc” option to help with the paperwork for unconventional workers wanting a home loan.