NAB home loan review
NAB is an established Australian lender, and Ratesniffers tracks 50 of its home loan products across variable, fixed and interest-only options. Its lowest variable rate Ratesniffers tracks is 6.44% p.a., and its lowest fixed rate is 6.49% p.a. That sits about 25 basis points above the market median of 6.19% p.a., so sharper variable rates exist elsewhere today.
Is NAB a good home loan lender?
NAB suits borrowers who want big four scale with a strong regional branch footprint, and offset users who keep the offset on a variable portion. Ratesniffers checked its published product, package and scheme pages on 3 Sept 2026. The trade-off is that NAB states its fixed rate home loans carry no interest offset facility.
What we looked at
Ratesniffers ranked and described this lender from the verified rate snapshot on this page, then read the lender's own published product pages and fee documents listed under Sources below. Sources were checked on 3 Sept 2026. There are no scores, no stars and no user reviews here, only what the lender publishes and what the snapshot shows.
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.
NAB home loan interest rates by term
The lowest owner-occupier, principal and interest rate NAB has published per term, from the same rate snapshot as the panel above.
| Term | Interest rate | Comparison rate |
|---|---|---|
| Variable | 6.44% p.a. | Not available |
| 1-year fixed | 6.59% p.a. | Not available |
| 2-year fixed | 6.49% p.a. | Not available |
| 3-year fixed | 6.64% p.a. | Not available |
| 5-year fixed | 6.64% p.a. | Not available |
The case for
- The NAB Tailored Home Loan variable rate with offset supports up to ten offset accounts against one loan, with unlimited additional repayments.
- A NAB loan can be split between fixed and variable portions, which is how offset and fixed certainty are combined on one property.
- The NAB Choice Package costs $395 a year, and NAB states it removes home loan application fees and home loan monthly service fees and includes one credit card of your choice with no annual fee.
- NAB is listed as a participating lender for the Australian Government 5% Deposit Scheme, subject to the scheme's eligibility rules and property price caps, with NAB assessing the application on its normal lending criteria.
- Regional branches make up 47% of NAB's network, the highest share of any big four bank, and NAB has committed to keep its rural and regional branches open until at least 31 July 2027.
What to weigh up
- Its sharpest variable rate sits above the market median of 6.19% p.a. in the rate snapshot on this page.
- NAB states its fixed rate home loans do not come with an interest offset facility, so an offset means holding a variable portion.
- Additional repayments on a NAB fixed rate loan are capped at $20,000 within the fixed term before fees apply.
- NAB's advertised two year fixed offer carries a $12 monthly service fee.
- Rate lock holds an approved fixed rate for 90 days and carries its own fee.
- The NAB Defence Force Home Loan is gated on Defence Force eligibility set by NAB, so it is not open to the general market, and NAB's own Ubank brand prices separately.
Who NAB suits and who it does not
NAB tends to suit borrowers who want big four scale with rural and regional branch access, offset users who are content to hold the offset against a variable portion, and borrowers who want to split fixed and variable on one property. It suits less well for anyone who wants an offset against a fully fixed loan, which NAB states it does not offer, or who needs more than $20,000 of extra repayments inside a fixed term. Borrowers after a leaner digital option can compare NAB's own Ubank brand, which prices separately.
NAB home loans: our verdict
NAB is a credible choice whose lowest variable rate of 6.44% p.a. currently sits about 25 basis points above the market median, so it's worth comparing before you commit (last updated 23 Sept 2026). Whether it's right for you comes down to your deposit, the features you'll use, and how its real approved rate compares, so treat the headline as a starting point, not the final answer.
Sources checked 3 Sept 2026: NAB, Home loans; NAB, Fixed rate home loans; NAB, Choice Package; Australian Government 5% Deposit Scheme, participating lenders. Fees and product terms change, so confirm them with NAB before applying.
See if you can do better than NAB
The advertised rate isn't always the rate you'll be approved for. Compare NAB against the wider panel, or have your scenario negotiated, at no cost.