National Australia Bank lifted its variable home-loan rates by 0.25 percentage points from 9 October 2026, Ratesniffers records. Every lender's date is in the RBA rate pass-through tracker.
A verified National Australia Bank product example is Tailored Home Loan Standard Variable Owner Occupied 70% - 80% LVR P&I: 7.24% p.a. (7.36% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
Fixed product example
6.92%
A verified National Australia Bank product example is Tailored Home Loan Standard 3 Year Fixed Owner Occupied 70% - 80% LVR P&I: 6.92% p.a. (7.27% comparison rate), 36-month fixed, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
Variable example comparison
7.36%
A verified National Australia Bank product example is Tailored Home Loan Standard Variable Owner Occupied 70% - 80% LVR P&I: 7.24% p.a. (7.36% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
Last updated
1 November 2026
National Australia Bank (NAB) is one of Australia's Big Four, headquartered in Melbourne and listed on the ASX. NAB's Choice Package bundles its Tailored Home Loan products with offset, redraw and credit-card fee waivers. NAB is generally policy-aggressive on PAYG borrowers with strong income evidence.
What are National Australia Bank home loan rates?
Ratesniffers compares National Australia Bank home loan products by comparison rate. A verified National Australia Bank product example is Tailored Home Loan Standard Variable Owner Occupied 70% - 80% LVR P&I: 7.24% p.a. (7.36% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. A verified National Australia Bank product example is Tailored Home Loan Standard 3 Year Fixed Owner Occupied 70% - 80% LVR P&I: 6.92% p.a. (7.27% comparison rate), 36-month fixed, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. Compare National Australia Bank against the wider market on home loan rates, check the comparison rate used to rank the table, or model extra payments with the extra repayments calculator.
What is the lowest National Australia Bank home loan rate?
A verified National Australia Bank product example is Tailored Home Loan Standard Variable Owner Occupied 70% - 80% LVR P&I: 7.24% p.a. (7.36% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. A verified National Australia Bank product example is Tailored Home Loan Standard 3 Year Fixed Owner Occupied 70% - 80% LVR P&I: 6.92% p.a. (7.27% comparison rate), 36-month fixed, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. These selected examples do not establish the lowest rate across every product or borrower scenario.
How many home loan products does National Australia Bank offer?
Ratesniffers currently tracks 162 National Australia Bank home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 4 that pass our data-quality checks on this page. Every rate is ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest products sit at the top.
NAB also owns UBank as a separate digital-only brand with its own pricing. For a side-by-side rate comparison with another big-four major, see ANZ vs NAB.
National Australia Bank home loan rates at a glance
Product type
Rate
Max LVR
Variable Investor interest-only
7.74% p.a.
n/a
Variable Investor interest-only
7.74% p.a.
80%
Variable Investor interest-only
7.74% p.a.
90%
Variable Investor interest-only
7.92% p.a.
90%
4 of 162 tracked National Australia Bank home loan products
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
*Important Information and Comparison Rate Warning
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
Who is National Australia Bank?
National Australia Bank was formed on 1 October 1981 through the merger of the National Bank of Australasia, established in Melbourne in 1858, and the Commercial Banking Company of Sydney, founded in 1834. It is one of the big four alongside Commonwealth Bank, Westpac and ANZ, and describes itself as Australia's largest business bank, serving more than eight and a half million customers across Australia and New Zealand.
In June 2022 NAB completed a $1.2 billion acquisition of Citigroup's Australian consumer business, including its home lending portfolio, bringing those customers onto NAB's own book. NAB also owns UBank as a separate digital-only brand with its own pricing, and has committed to keep its rural and regional branches open until at least 31 July 2027, with regional branches making up 47% of its network, the highest share of any big-four bank.
Who suits a National Australia Bank home loan?
NAB tends to suit borrowers who want big-four scale backed by a strong regional and rural branch commitment, offset users, since its variable loan with offset carries up to ten offset accounts, and borrowers who want to split fixed and variable in one loan. If a leaner digital lender suits you better, its own Ubank brand is worth comparing too, and NAB's headline rates don't always lead the market, so check its comparison rate against the sharpest in the table above.
Background facts checked 5 September 2026. Rates above refresh independently.
National Australia Bank home loan products explained
The line-up as published by National Australia Bank, checked 5 September 2026. Today's rate for each product is in the table above.
Product
Who it is for
What to know
NAB Tailored Home Loan, variable rate with offset
Owner-occupiers and investors who want offset accounts and flexibility.
Variable rate with up to ten offset accounts, unlimited additional repayments, and the option to split the loan between fixed and variable portions.
NAB Tailored Home Loan, fixed rate
Borrowers who want repayment certainty for one to five years.
Fixed terms of one to five years. NAB states its fixed rate home loans do not come with an interest offset facility, and redraw is tied to variable lending rather than the fixed portion. Additional repayments of up to $20,000 can be made within the fixed term without a fee. The advertised two-year fixed offer carries a $12 monthly service fee. Rate lock holds a rate for 90 days for a fee.
NAB Base Variable Rate Home Loan
Borrowers who want a basic variable loan rather than the offset product.
Listed in NAB's own home loan range as its lower-feature variable option, on its own terms and conditions.
NAB Defence Force Home Loan
Eligible serving members of the Australian Defence Force.
Gated on Defence Force eligibility, so it is not available to the general market. NAB sets the eligibility test.
NAB Choice Package
Borrowers happy to pay an annual fee to remove per-product fees.
$395 a year. NAB states the package removes home loan application fees and home loan monthly service fees, and includes one credit card of your choice with no annual fee. Which lending products can sit inside the package is set by the package terms.
National Australia Bank fees, offset and limits at a glance
Application or establishment fee
Refer to: Fees -> Upfront Fees Required
Discharge fee
$300
Settlement fee
$0
Additional valuation fee
$150
Rate lock fee
Fixing fee of 0.15% of loan amount, rounded to nearest $10 (Min fee $50)
Loan portability
$300
Offset account
100%
Minimum offset balance
$1
Lenders mortgage insurer
QBE
Capitalising LMI
Allowed, but max LVR cannot be exceeded. Max LVR for Investment purposes 90% (inc LMI)
Maximum total lending
Max loan size $5m for non-LMI loans. This applies to 750k+ products with LVR up to 80%.…
Extra repayments on fixed
May have to pay economic costs, a prepayment fee and any other applicable fee.…
When the fixed rate is locked
Rate set at settlement but can pay a fee to fix
Checked 8 Oct 2026. Lender fees and policy change without notice, so confirm the detail with the lender before you apply.
National Australia Bank home loan fees and policy
NAB's advertised two-year fixed offer carries a $12 monthly service fee. The NAB Choice Package costs $395 a year and NAB states it removes home loan application fees and home loan monthly service fees, and waives the annual fee on one credit card.
NAB states its fixed rate home loans do not come with an interest offset facility. Offset accounts, up to ten of them, sit on the variable rate with offset product instead.
Additional repayments on a NAB fixed rate loan are limited to $20,000 within the fixed term before fees apply. Rate lock holds an approved fixed rate for 90 days and carries its own fee.
A NAB loan can be split between fixed and variable portions, which is how offset and fixed certainty are combined on one property.
National Australia Bank home loans: frequently asked questions
What are National Australia Bank home loan rates?
Ratesniffers compares National Australia Bank home loan products by comparison rate. A verified National Australia Bank product example is Tailored Home Loan Standard Variable Owner Occupied 70% - 80% LVR P&I: 7.24% p.a. (7.36% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. A verified National Australia Bank product example is Tailored Home Loan Standard 3 Year Fixed Owner Occupied 70% - 80% LVR P&I: 6.92% p.a. (7.27% comparison rate), 36-month fixed, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. Compare National Australia Bank at /home-loans. The /guides/comparison-rate explains the fee-inclusive figure used to rank the table. To model extra payments, use /calculators/extra-repayment.
What is the lowest National Australia Bank home loan rate?
A verified National Australia Bank product example is Tailored Home Loan Standard Variable Owner Occupied 70% - 80% LVR P&I: 7.24% p.a. (7.36% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. A verified National Australia Bank product example is Tailored Home Loan Standard 3 Year Fixed Owner Occupied 70% - 80% LVR P&I: 6.92% p.a. (7.27% comparison rate), 36-month fixed, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. These selected examples do not establish the lowest rate across every product or borrower scenario.
What is the monthly repayment on a $600,000 National Australia Bank home loan?
For a hypothetical $600,000 principal-and-interest loan over 30 years, keeping this variable interest rate unchanged gives about $4,089 a month before fees. The selected source example is Tailored Home Loan Standard Variable Owner Occupied 70% - 80% LVR P&I: 7.24% p.a. (7.36% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. Variable rates can change; this calculation does not establish eligibility or approval. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. Use /calculators/repayment to model your own amount and term.
How much do you need to earn for a $500,000 National Australia Bank home loan?
There is no single salary requirement for a National Australia Bank home loan. The lender assesses income, expenses, debts and repayment capacity. APRA's residential mortgage framework generally requires governed authorised deposit-taking institutions to apply a minimum 3 percentage point buffer above the payable interest rate, ignoring temporary introductory discounts, with prudent limited policy exceptions. This does not establish National Australia Bank's actual assessment rate or approval criteria. Confirm the applicable lender policy and use /calculators/income-required for an illustrative estimate, not approval.
How does National Australia Bank's home loan rate compare to the market?
A verified National Australia Bank product example is Tailored Home Loan Standard Variable Owner Occupied 70% - 80% LVR P&I: 7.24% p.a. (7.36% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. Across 30 covered listed lenders, the median advertised interest rate of one selected owner-occupier principal-and-interest variable example per lender at 80% LVR is 6.44% p.a., as of 20 October 2026. This describes those selected examples, not the whole market or rates approved for borrowers. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
How many home loan products does National Australia Bank offer?
Ratesniffers currently tracks 162 National Australia Bank home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 4 that pass our data-quality checks on this page. Every rate is checked daily against each lender's current published pricing and ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest loans sit at the top.
Is National Australia Bank competitive for refinancing?
Compare National Australia Bank's available product conditions and total costs with your existing loan. A listed rate does not establish refinance eligibility. Allow for discharge, establishment and any fixed-loan early repayment costs, and confirm applicable lender terms before switching. Compare the table with /home-loans/refinance.
How often are National Australia Bank's home loan rates updated?
Ratesniffers refreshes National Australia Bank's home loan rates daily; this page was last updated 1 November 2026. Rates can change whenever National Australia Bank reprices or the RBA moves the cash rate, so the figures shown reflect the most recent data we hold rather than a static snapshot.
How long does NAB take to approve a home loan?
NAB says conditional pre-approval can take a few hours in some cases and a few days or weeks in others, depending on how quickly documents arrive and how straightforward income is. Its conditional approval certificate is valid for 90 days. Formal approval follows once the property is valued and all loan conditions are met.
Does NAB charge an application fee or discharge fee on its home loans?
NAB lists a $0 application fee on the Base Variable Rate Home Loan, Tailored Home Loan and Choice Package; the FlexiPlus Mortgage charges $600. The Tailored Home Loan carries a $12 monthly loan service fee. A $350 mortgage discharge fee applies when a loan is closed, and locking a fixed rate costs 0.15% of the approved facility limit.
How much deposit do I need for a NAB home loan, and when is LMI payable?
NAB says you generally need a 20% deposit to avoid Lenders Mortgage Insurance. With a deposit below 20%, LMI is payable and is usually added to the loan. NAB also notes that certain professionals and first home buyers may be eligible for an LMI waiver, subject to specific eligibility criteria.
Does NAB lend to self-employed borrowers, and what income evidence does it accept?
Yes. NAB lends to business owners, sole traders and freelancers. It asks for one to two years of self-employed income history, personal and business tax returns, ATO notices of assessment, and may accept Business Activity Statements where tax returns are not available. NAB will consider a single year's financial statements where the loan to value ratio is 80% or less.
Does NAB offer construction loans?
Yes. NAB offers construction home loans, also called building loans, for building or renovating with a registered builder. Funds are released in stages as work progresses, with interest only repayment options during the build period, and NAB requires a signed fixed price building contract, plans and permits, and builder insurance before progress payments start.
Does NAB offer bridging loans?
Yes. NAB's bridging product is the NAB FlexiPlus Mortgage, which is available for bridging purposes only. It is a variable rate facility that lets you borrow up to 80% of the property value, with no scheduled principal repayments and interest charged at the end of each month. It carries a $600 application fee and a $250 annual service fee.
Does NAB offer fixed rates?
Yes. NAB fixes for one, two, three, four or five years on its Tailored Home Loan. NAB states its fixed rate loans do not come with an interest offset facility, and additional repayments are capped at $20,000 within the fixed term before fees apply. Borrowers who want both certainty and offset usually split the loan between fixed and variable.
What are NAB's home loan rates in November 2026?
NAB's current home loan rates are in the live table above, ranked by comparison rate. Ratesniffers does not freeze a number into this answer because NAB prices its variable, fixed and basic variable loans separately, and varies them by deposit size and loan purpose. Compare the comparison rate, which carries the monthly service fee into the cost.
Does NAB have an offset account?
Yes, on its variable rate with offset product, which supports up to ten offset accounts against the one loan. It is not available on NAB's fixed rate loans, which NAB says carry no interest offset facility. Splitting a loan between fixed and variable is the usual way to keep an offset while fixing part of the balance.
What is the NAB Choice Package annual fee?
$395 a year. NAB states the package removes home loan application fees and home loan monthly service fees, and includes one credit card of your choice with no annual fee. The package terms set which lending products can be included, so the fee is worth weighing against the per-product fees it actually removes for your structure.
Can first home buyers get a NAB home loan with a 5% deposit?
NAB is listed as a participating lender for the Australian Government 5% Deposit Scheme, so an eligible first home buyer can apply through NAB with a 5% deposit under the government guarantee. The scheme's eligibility rules and property price caps still apply, and NAB assesses the application on its normal lending criteria.
Is NAB a good home loan lender?
NAB is one of the big four, runs the highest share of regional branches among them, and owns Ubank as a separate digital brand with its own pricing. Whether it fits comes down to price and structure against the wider panel, so read the full write-up at /reviews/national-australia-bank and compare its comparison rate above.
