NAB home loan repayment calculator

Thinking about taking out a home loan with NAB? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how NAB home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated repayments

at interest rate 3.35 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Large variety of home loan products to choose from.
  • Loans can be packaged with other products.
  • Flexible loan features.
  • Comprehensive customer support.
  • Some loans have fees.
  • Less competitive interest rates.

NAB home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
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Company

3.35%

Variable

$600

3.39%

$0
NAB
More details

3.55%

Variable

$600

3.59%

$0
NAB
More details

3.85%

Variable

$600

3.89%

$0
NAB
More details

4.42%

Variable

$600

4.11%

$0
NAB
More details

4.37%

Variable

$600

4.41%

$0
NAB
More details

3.59%

Fixed - 5 years

$0

4.42%

$395 annually
NAB
More details

3.29%

Fixed - 3 years

$0

4.45%

$395 annually
NAB
More details

3.59%

Fixed - 4 years

$0

4.47%

$395 annually
NAB
More details

4.07%

Variable

$0

4.47%

$395 annually
NAB
More details

3.09%

Fixed - 2 years

$0

4.49%

$395 annually
NAB
More details

3.19%

Fixed - 2 years

$0

4.51%

$395 annually
NAB
More details

3.69%

Fixed - 5 years

$600

4.54%

$8 monthly
NAB
More details

3.99%

Fixed - 5 years

$0

4.59%

$395 annually
NAB
More details

4.09%

Fixed - 5 years

$0

4.59%

$395 annually
NAB
More details

4.90%

Variable

$600

4.62%

$0
NAB
More details

3.69%

Fixed - 4 years

$600

4.63%

$8 monthly
NAB
More details

3.69%

Fixed - 3 years

$0

4.63%

$395 annually
NAB
More details

3.79%

Fixed - 3 years

$0

4.63%

$395 annually
NAB
More details

3.39%

Fixed - 3 years

$600

4.64%

$8 monthly
NAB
More details

3.49%

Fixed - 1 year

$0

4.64%

$395 annually
NAB
More details

3.99%

Fixed - 4 years

$0

4.64%

$395 annually
NAB
More details

4.09%

Fixed - 4 years

$0

4.64%

$395 annually
NAB
More details

4.64%

Variable

$0

4.66%

$395 annually
NAB
More details

3.69%

Fixed - 2 years

$0

4.72%

$395 annually
NAB
More details

3.79%

Fixed - 2 years

$0

4.72%

$395 annually
NAB
More details

3.29%

Fixed - 2 years

$600

4.75%

$8 monthly
NAB
More details

4.09%

Fixed - 5 years

$600

4.75%

$8 monthly
NAB
More details

4.19%

Fixed - 5 years

$600

4.75%

$8 monthly
NAB
More details

3.89%

Fixed - 1 year

$0

4.83%

$395 annually
NAB
More details

3.99%

Fixed - 1 year

$0

4.83%

$395 annually
NAB
More details

4.09%

Fixed - 4 years

$600

4.84%

$8 monthly
NAB
More details

4.19%

Fixed - 4 years

$600

4.84%

$8 monthly
NAB
More details

3.89%

Fixed - 3 years

$600

4.86%

$8 monthly
NAB
More details

3.79%

Fixed - 3 years

$600

4.87%

$8 monthly
NAB
More details

3.89%

Fixed - 5 years

$0

4.88%

$395 annually
NAB
More details

3.89%

Fixed - 5 years

$0

4.90%

$395 annually
NAB
More details

3.99%

Fixed - 5 years

$0

4.90%

$395 annually
NAB
More details

3.59%

Fixed - 1 year

$600

4.92%

$8 monthly
NAB
More details

3.59%

Fixed - 3 years

$0

4.95%

$395 annually
NAB
More details

3.89%

Fixed - 4 years

$0

4.95%

$395 annually
NAB
More details

3.79%

Fixed - 2 years

$600

4.99%

$8 monthly
NAB
More details

3.89%

Fixed - 2 years

$600

4.99%

$8 monthly
NAB
More details

3.89%

Fixed - 4 years

$0

5.00%

$395 annually
NAB
More details

3.99%

Fixed - 4 years

$0

5.00%

$395 annually
NAB
More details

3.99%

Fixed - 5 years

$600

5.01%

$8 monthly
NAB
More details

3.69%

Fixed - 3 years

$0

5.05%

$395 annually
NAB
More details

3.79%

Fixed - 3 years

$0

5.05%

$395 annually
NAB
More details

4.92%

Variable

$600

5.05%

$8 monthly
NAB
More details

3.59%

Fixed - 2 years

$0

5.06%

$395 annually
NAB
More details

4.09%

Fixed - 5 years

$600

5.06%

$8 monthly
NAB
More details

4.67%

Variable

$0

5.06%

$395 annually
NAB
More details

3.99%

Fixed - 5 years

$600

5.07%

$8 monthly
NAB
More details

3.99%

Fixed - 4 years

$600

5.12%

$8 monthly
NAB
More details

3.69%

Fixed - 3 years

$600

5.15%

$8 monthly
NAB
More details

3.99%

Fixed - 1 year

$600

5.15%

$8 monthly
NAB
More details

4.09%

Fixed - 1 year

$600

5.15%

$8 monthly
NAB
More details

3.69%

Fixed - 2 years

$0

5.18%

$395 annually
NAB
More details

3.79%

Fixed - 2 years

$0

5.18%

$395 annually
NAB
More details

3.79%

Fixed - 1 year

$0

5.20%

$395 annually
NAB
More details

3.99%

Fixed - 4 years

$600

5.20%

$8 monthly
NAB
More details

4.09%

Fixed - 4 years

$600

5.20%

$8 monthly
NAB
More details

5.12%

Variable

$0

5.21%

$395 annually
NAB
More details

5.49%

Variable

$600

5.27%

$8 monthly
NAB
More details

3.79%

Fixed - 3 years

$600

5.29%

$8 monthly
NAB
More details

3.89%

Fixed - 3 years

$600

5.29%

$8 monthly
NAB
More details

3.69%

Fixed - 2 years

$600

5.31%

$8 monthly
NAB
More details

3.79%

Fixed - 1 year

$0

5.32%

$395 annually
NAB
More details

3.89%

Fixed - 1 year

$0

5.32%

$395 annually
NAB
More details

3.89%

Fixed - 2 years

$600

5.45%

$8 monthly
NAB
More details

3.79%

Fixed - 2 years

$600

5.46%

$8 monthly
NAB
More details

4.04%

Fixed - 5 years

$0

5.46%

$550 annually
NAB
More details

3.89%

Fixed - 1 year

$600

5.49%

$8 monthly
NAB
More details

4.04%

Fixed - 4 years

$0

5.57%

$550 annually
NAB
More details

3.84%

Fixed - 3 years

$0

5.63%

$550 annually
NAB
More details

3.89%

Fixed - 1 year

$600

5.64%

$8 monthly
NAB
More details

3.99%

Fixed - 1 year

$600

5.64%

$8 monthly
NAB
More details

5.52%

Variable

$600

5.65%

$8 monthly
NAB
More details

3.84%

Fixed - 2 years

$0

5.78%

$550 annually
NAB
More details

5.97%

Variable

$600

5.83%

$8 monthly
NAB
More details

3.94%

Fixed - 1 year

$0

5.94%

$550 annually
NAB
More details

5.58%

Variable

$0

6.11%

$550 annually
NAB
More details

6.01%

Variable

$0

6.38%

$395 annually
NAB
More details

6.16%

Variable

$600

6.44%

$250 annually
NAB
More details

NAB customer service

Home loan customers at NAB are able to speak to customer support by contacting the Home Loan hotline seven days a week, or by popping into a NAB branch, emailing the bank directly or by filling out an online enquiry form. Potential NAB customers can also chat with a customer service representative via the online chat function or can contact a NAB mobile banker directly.

  • Customer service (phone, email, branch)
  • Mobile app
  • Online banking
  • Live Chat
  • Mobile banking staff

How to Apply

NAB provides potential customers with multiple ways of applying for a home loan. This includes calling the bank, applying online, visiting a branch or organising for a NAB Mobile Banker to come to you. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

  • Personal identification material.
  • Proof of income – whether you are self-employed or work for an employer.
  • Proof of other income, including rental.
  • Information regarding your current debts, liabilities and assets.

About NAB home loans

As one of Australia’s big four banks, NAB offers a wide variety of mortgages that suit almost every type of borrower:

  • First home buyers
  • Upgraders
  • Investors
  • Renovators
  • Refinancers

Those who choose a NAB mortgage can choose from a variety of interest rate options:

  • Principal-and-interest home loans
  • Interest-only home loans
  • Variable interest rates
  • Fixed interest rates
  • Split loans

Mortgage borrowers are able to earn discounts and fee waivers when they combine their home loan with other NAB products, like credit cards. Some NAB home loans offer lower (temporary) introductory interest rates and interest rate discounts.

While some home loans waive their monthly and ongoing fees, NAB home loan fees that are not waived tend to range from moderately high to high. In general, NAB home loans charge an application fee and annual service fee.

NAB home loan rates

Similar to the other big four banks, NAB doesn’t attempt to offer the lowest rates on the market. Rather, it attracts customers with its well-known brand, extensive branch network, and convenience.

NAB home loan rates vary from product to product, but they tend to be on the high side of the spectrum. As a general rule, NAB products for owner-occupiers have lower interest rates than products for investors, and borrowers who choose principal-and-interest loans get lower interest rates than those who choose interest-only mortgages. For variable mortgages, interest rates tend to start lower for loan amounts that are higher.

NAB also offers home loan rates for variable and fixed mortgages. Rates can be fixed for a term between one and five years, with higher fixed interest rates generally applying to loans with longer terms.

NAB home loans review

Because of its well-known name, NAB is regarded as a ‘safe’ home loan option by many borrowers. It’s worth remembering that there are always risks involved whenever you apply for any type of credit.

NAB provides home loans for almost every type of borrower in Australia. There are NAB home loans suited to first-time buyers, renovators, refinancers, and investors. Customers who already have a current home loan have the option of moving their mortgage to NAB.

NAB home loans can be principal-and-interest or interest-only. Borrowers can also choose for their mortgages to be variable, fixed, or split.

In terms of interest rates, NAB tends to be at the more expensive end of the market. NAB home loan rates tend to be moderately high or high.

NAB home loan fees also tend to be high. Although many of NAB’s mortgages will waive ongoing fees, other products charge an application fee and ongoing annual fees that are at the higher end of the market.

How do you determine which home loan rates/products I’m shown?

When you check your home loan rate, you’ll supply some basic information about your current loan, including:

  • the amount owing on your mortgage
  • the value of your property
  • your current interest rate
  • name of existing lender
  • property address

We’ll compare this information to the home loan options in the RateCity database, and show you which home loan products you may be eligible to apply for.

Do the big four banks have guarantor home loans?

Yes, ANZ, Commonwealth Bank, NAB and Westpac all offer guarantor home loans. These mortgages are also offered by many other banks, credit unions and building societies.

What is a variable home loan?

A variable rate home loan is one where the interest rate can and will change over the course of your loan. The rate is determined by your lender, not the Reserve Bank of Australia, so while the cash rate might go down, your bank may decide not to follow suit, although they do broadly follow market conditions. One of the upsides of variable rates is that they are typically more flexible than their fixed rate counterparts which means that a lot of these products will let you make extra repayments and offer features such as offset accounts.

What is a fixed home loan?

A fixed rate home loan is a loan where the interest rate is set for a certain amount of time, usually between one and 15 years. The advantage of a fixed rate is that you know exactly how much your repayments will be for the duration of the fixed term. There are some disadvantages to fixing that you need to be aware of. Some products won’t let you make extra repayments, or offer tools such as an offset account to help you reduce your interest, while others will charge a significant break fee if you decide to terminate the loan before the fixed period finishes.

Home Loans Frequently Asked Questions

Mortgage Calculator, Loan Purpose

This is what you will use the loan for – i.e. investment. 

Who has the best home loan?

Determining who has the ‘best’ home loan really does depend on your own personal circumstances and requirements. It may be tempting to judge a loan merely on the interest rate but there can be added value in the extras on offer, such as offset and redraw facilities, that aren’t available with all low rate loans.

To determine which loan is the best for you, think about whether you would prefer the consistency of a fixed loan or the flexibility and potential benefits of a variable loan. Then determine which features will be necessary throughout the life of your loan. Thirdly, consider how much you are willing to pay in fees for the loan you want. Once you find the perfect combination of these three elements you are on your way to determining the best loan for you. 

Savings over

Select a number of years to see how much money you can save with different home loans over time.

e.g. To see how much you could save in two years by switching mortgages,  set the slider to 2.

How can I avoid mortgage insurance?

Lenders mortgage insurance (LMI) can be avoided by having a substantial deposit saved up before you apply for a loan, usually around 20 per cent or more (or a LVR of 80 per cent or less). This amount needs to be considered genuine savings by your lender so it has to have been in your account for three months rather than a lump sum that has just been deposited.

Some lenders may even require a six months saving history so the best way to ensure you don’t end up paying LMI is to plan ahead for your home loan and save regularly.

Tip: You can use RateCity mortgage repayment calculator to calculate your LMI based on your borrowing profile

How do guaranteed home loans work?

A guaranteed home loan involves a guarantor (often a parent) promising to pay off a mortgage if the principal borrower (often the child) fails to do so. The guarantor will also have to provide security, which is often the family home.

The principal borrower will usually be someone struggling to find the money to enter the property market. By partnering with a guarantor, the borrower increases their financial power and becomes less of a risk in the eyes of lenders. As a result, the borrower may:

  • Qualify for a mortgage that they would have otherwise been denied
  • Not be required to pay lender’s mortgage insurance (LMI)
  • Be charged a lower interest rate
  • Be charged less in fees

How is the flexibility score calculated?

Points are awarded for different features. More important features get more points. The points are then added up and indexed into a score from 0 to 5.

What's wrong with traditional ratings systems?

They’re impersonal 

Most comparison sites give you information about rates, fees and features, but expect you’ll pay more with a low advertised rate and $400 ongoing fee or a slightly higher rate and no ongoing fee. The answer is different for each borrower and depends on a number of variables, in particular how big your loan is. Comparisons are either done based on just today or projected over a full 25 or 30 year loan. That’s not how people borrow these days. While you may take a 30 year loan, most borrowers will either upgrade their house or switch their home loan within the first five years. 

You’re also expected to know exactly which features you want. This is fine for the experienced borrower, but most people know some flexibility is a good thing, but don’t know exactly which features offer more flexibility than others. 

What is the flexibility score?

Today’s home loans often try to lure borrowers with a range of flexible features, including offset accounts, redraw facilities, repayment frequency options, repayment holidays, split loan options and portability. Real Time Ratings™ weights each of these features based on popularity and gives loans a ‘flexibility score’ based on how much they cater to borrowers’ needs over time. The aim is to give a higher score to loans which give borrowers more features and options.

They’re not always timely

In today’s competitive home loan market, lenders are releasing new offers almost daily. These offers are often some of the most attractive deals in the market, but won’t get rated by traditional ratings systems for up to a year. 

The assumptions are out of date 

The comparison rate is based on a loan size of $150,000 and a loan term of 25 years. However, the typical loan size is much higher than that. Million dollar loans are becoming increasingly common, especially if you live in metropolitan parts of Australia, like Sydney and Melbourne. It’s also uncommon for borrowers to hold a loan for 25 years. The typical shelf life for a home loan is a few years. 

The other problem is because it’s a percentage, the difference between 3.9 or 3.7 per cent on a $500,000 doesn’t sound like much, but equals around $683 a year. Real Time Ratings™ not only looks at the difference in the monthly repayments, but it will work out the actual cost difference once fees are taken into consideration. 

Can I check my rates more than once? Can I go back to view loans from a different device (e.g. my phone) or at another time without having to enter details in again?

You can only check your rates once. However we will send you, via email, the link to the result page so that you may return to it.

What is a credit file?

A comprehensive summary of your credit history from an authorised credit reporting agency.

It includes your credit details, credit taken in the last five years, any default payments or credit infringements, arrears, repayment history, bankruptcy filings and a list of credit applications (including unapproved credit applications) in addition to your personal details.

Mortgage Calculator, Interest Rate

The percentage of the loan amount you will be charged by your lender to borrow.