RateSaver Home Loan

Our simple vanilla loan with a super-low variable rate, unlimited additional repayments as well as the ability to redraw. The RateSaver Home Loan is also available for DHOAS eligible applicants
Category: Home Loans  Last Updated April 11, 2022  Effective November 22, 2021

 General Lending Rates

Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information <=70% LVR (DHOAS applicants only)
Interest Rate
1.95%PA
Comparison Rate
1.99%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
  OWNER_OCCUPIED, VARIABLE, 2.98%
  • Lending Rate Type: Variable
  • Interest Rate: 2.98%, Comparison Rate 2.99%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, VARIABLE, 1.95%
  • Lending Rate Type: Variable
  • Interest Rate: 1.95%, Comparison Rate 1.99%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied

 Product Features

  • Redraw

 Product Eligibility

  • Natural Person
  • Min Age - 18.
  • Residency Status - Individuals Must Be Citizens Or Permanent Residents Of Australia..
  • Employment Status - Applicants Must Be Currently Employed Or Receiving A Regular Income. Self Employed Clients Should Contact The Bank Prior To Applying.

 Bank Fees and Charges

  • Redraw Fee (per Redraw) (Transaction), Amount: 10.00.
  • Consent Fee (Event), Amount: 250.00. Additional Information: For 2nd or subsequent mortgages or lease registration
  • Copies Of Statements (up To 12 Months) At Branch (Event), Amount: 2.50.
  • Property Valuation Fee (Variable), Amount: 250.00. Additional Information: At cost. Minimum is $250.00
  • Mortgage Discharge Fee (Event), Amount: 300.00.
  • Copies Of Statements (over 12 Months) Per Page (Event), Amount: 5.00.
  • Legal Fees (Variable), Amount: Not Listed.. Additional Information: At cost
  • Default Notice Fee (Event), Amount: 30.00. Additional Information: Payable when a notice is issued regarding a default under the contract
  • Paper Statement Fee (per Statement) (Periodic), Amount: 2.00.
  • Ratesaver Processing Fee (Upfront), Amount: 500.00. Additional Information: When borrowing in excess of 80% LVR
  • Audit Certificate Fee (Event), Amount: 50.00. Additional Information: Per audit certificate requested
  • Stamp Duty (Variable), Amount: Not Listed.. Additional Information: At cost
  • Archive Retrieval Fee (Variable), Amount: Not Listed.. Additional Information: A hourly fee applies plus any expenses incurred
  • Other Bank Deposit Fee (Deposit), Amount: 6.50. Additional Information: Cash and cheque deposit at NAB Branch
  • Ratesaver Switch Fee (Event), Amount: 500.00. Additional Information: To switch to RateSaver Home Loan
  • Arrears Notice Fee (Event), Amount: 20.00. Additional Information: 2nd and subsequent reminders by letter or phone
  • Switch/variation Fee - Home & Investment Loans (Event), Amount: 300.00. Additional Information: To switch or vary home loans (other than switching to RateSaver)

 Limitations & Restrictions (Constraints)

  • Min Limit of 150000.00
  • Max Limit of 2000000.00

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