NAB Home Loans & Rates Comparison

RATE OF THE DAY

1-Year Fixed

6.04%

Comparison Rate*

6.57%

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NAB's best home loan rates

Compare some of NAB's best variable and fixed home loan rates for owner occupiers and investors.

Lender

Variable

1-Year Fixed

2-Year Fixed

3-Year Fixed

4-Year Fixed

5-Year Fixed

6.19%

Interest Rate

6.19%

Comparison Rate

6.04%

Interest Rate

6.57%

Comparison Rate

6.09%

Interest Rate

6.54%

Comparison Rate

6.19%

Interest Rate

6.52%

Comparison Rate

6.19%

Interest Rate

6.52%

Comparison Rate

6.19%

Interest Rate

6.47%

Comparison Rate

Owner occupier loans with principal and interest repayments. Rates assume 70% LVR.

Lender

Variable

1-Year Fixed

2-Year Fixed

3-Year Fixed

4-Year Fixed

5-Year Fixed

6.14%

Interest Rate

6.85%

Comparison Rate

6.14%

Interest Rate

6.85%

Comparison Rate

6.19%

Interest Rate

6.79%

Comparison Rate

6.29%

Interest Rate

6.77%

Comparison Rate

6.29%

Interest Rate

6.72%

Comparison Rate

6.29%

Interest Rate

6.68%

Comparison Rate

Investor loans with principal and interest repayments. Rates assume 70% LVR.

NAB variable home loan rates

NAB offers two separate variable rate home loans – a basic, low cost option and an option with more features and options but higher rates.

Base Variable Home Loan

NAB’s Base Variable Home Loan is, as you might have guessed, it’s more basic product. It’s got a low rate and low fees, but is also basic when it comes to features. That said you can make extra repayments with no fees and redraw funds as needed (min of $500 per redraw).

Product	Interest rate	Comparison rate*	Max LVR
Base Variable Home Loan up to 95% LVR	5.94% p.a.	5.98% p.a.	95%

NAB’s Base Variable Home Loan is pretty light in fees with:

$0 upfront establishment fee
$0 monthly loan service fee

NAB Tailored Home Loan

NAB’s Tailored Home Loan offers more features than the Base Variable product but with higher rates, particularly on higher LVR. But for some borrowers, having access to multiple offset accounts will be worth the higher rate.

Product	Interest rate	Comparison rate*	Max LVR
Tailored Home Loan up to 60% LVR	6.29% p.a.	6.38% p.a.	60%
Tailored Home Loan 60-70% LVR	6.29% p.a.	6.38% p.a.	70%
Tailored Home Loan 70-80% LVR	6.49% p.a.	6.58% p.a.	80%
Tailored Home Loan 80%+ LVR	6.49% p.a.	6.58% p.a.	80%+

The main fees for NAB’s Tailored Home Loan include:

$0 upfront establishment fee
$8 monthly loan service fee

NAB fixed home loan rates

NAB offers a single fixed rate home loan option - its Tailored Fixed Rate Loan with rates depending on your LVR and term duration. Borrowers can make extra repayments up to $20,000 within the fixed rate term without paying any fees, with an option to split the loan between fixed and variable.

Less than 70% LVR

Duration	Interest rate	Comparison rate*
One year	5.74% p.a.	6.32% p.a.
Two years	5.79% p.a.	6.28% p.a.
Three years	5.84% p.a.	6.25% p.a.
Four years	5.99% p.a.	6.27% p.a.
Five years	6.09% p.a.	6.29% p.a.

70.01% – 80% LVR

Duration	Interest rate	Comparison rate*
One year	5.74% p.a.	6.50% p.a.
Two years	5.79% p.a.	6.44% p.a.
Three years	5.84% p.a.	6.39% p.a.
Four years	5.99% p.a.	6.39% p.a.
Five years	6.09% p.a.	6.40% p.a.

80%+ LVR

Duration	Interest rate	Comparison rate*
One year	5.84% p.a.	6.51% p.a.
Two years	5.89% p.a.	6.46% p.a.
Three years	5.94% p.a.	6.42% p.a.
Four years	6.09% p.a.	6.43% p.a.
Five years	6.19% p.a.	6.44% p.a.

The main fees for NAB’s Fixed Rate Home Loan include:

$0 upfront establishment fee
$8 monthly loan service fee

NAB variable investment home loan rates

NAB offers the same suite of variable home loans for investors with different rates applying.

Base Variable Home Loan - investment

Product	Interest rate	Comparison rate*	Max LVR
Base Variable Home Loan up to 95% LVR	6.46% p.a.	6.50% p.a.	95%

NAB’s Base Variable Home Loan is pretty light in fees with:

$0 upfront establishment fee
$0 monthly loan service fee

NAB Tailored Home Loan - investment

Product	Interest rate	Comparison rate*	Max LVR
Tailored Home Loan up to 60% LVR	6.59% p.a.	6.67% p.a.	60%
Tailored Home Loan 60-70% LVR	6.59% p.a.	6.67% p.a.	70%
Tailored Home Loan 70-80% LVR	6.79% p.a.	6.87% p.a.	80%
Tailored Home Loan 80%+ LVR	6.79% p.a.	6.87% p.a.	80%+

NAB fixed investment home loan rates

Less than 70% LVR

Duration	Interest rate	Comparison rate*
One year	5.84% p.a.	6.60% p.a.
Two years	5.89% p.a.	6.54% p.a.
Three years	5.94% p.a.	6.49% p.a.
Four years	6.14% p.a.	6.51% p.a.
Five years	6.24% p.a.	6.52% p.a.

70.01% – 80% LVR

Duration	Interest rate	Comparison rate*
One year	5.84% p.a.	6.77% p.a.
Two years	5.89% p.a.	6.69% p.a.
Three years	5.94% p.a.	6.63% p.a.
Four years	6.14% p.a.	6.64% p.a.
Five years	6.24% p.a.	6.63% p.a.

80%+ LVR

Duration	Interest rate	Comparison rate*
One year	5.94% p.a.	6.79% p.a.
Two years	5.99% p.a.	6.71% p.a.
Three years	6.04% p.a.	6.66% p.a.
Four years	6.24% p.a.	6.64% p.a.
Five years	6.34% p.a.	6.48% p.a.

NAB variable interest-only home loan rates for owner occupier

Base Variable Home Loan - interest-only

Product	Interest rate	Comparison rate*	Max LVR
Base Variable Home Loan up to 95% LVR	6.84% p.a.	6.36% p.a.	95%

NAB Tailored Home Loan - interest-only

Product	Interest rate	Comparison rate*	Max LVR
Tailored Home Loan up to 70% LVR	6.76% p.a.	6.57% p.a.	70%
Tailored Home Loan 70%+ LVR	6.96% p.a.	6.77% p.a.	70%+

NAB’s fixed interest-only home loan rates for owner occupiers (in arrears)

Less than 70% LVR

Duration	Interest rate	Comparison rate*
One year	6.09% p.a.	6.51% p.a.
Two years	6.09% p.a.	6.44% p.a.
Three years	6.19% p.a.	6.41% p.a.
Four years	6.39% p.a.	6.44% p.a.
Five years	6.49% p.a.	6.45% p.a.

70.01% – 80% LVR

Duration	Interest rate	Comparison rate*
One year	6.09% p.a.	6.69% p.a.
Two years	6.09% p.a.	6.61% p.a.
Three years	6.19% p.a.	6.56% p.a.
Four years	6.39% p.a.	6.57% p.a.
Five years	6.49% p.a.	6.57% p.a.

80%+ LVR

Duration	Interest rate	Comparison rate*
One year	6.19% p.a.	6.70% p.a.
Two years	6.19% p.a.	6.63% p.a.
Three years	6.29% p.a.	6.59% p.a.
Four years	6.49% p.a.	6.60% p.a.
Five years	6.59% p.a.	6.61% p.a.

NAB’s variable interest-only home loan rates for investors

Base Variable Home Loan - investment (interest-only)

Product	Interest rate	Comparison rate*	Max LVR
Base Variable Home Loan up to 95% LVR	7.17% p.a.	6.81% p.a.	95%

NAB Tailored Home Loan - investment (interest-only)

Product	Interest rate	Comparison rate*	Max LVR
Tailored Home Loan up to 70% LVR	6.79% p.a.	6.76% p.a.	70%
Tailored Home Loan 70%+ LVR	6.99% p.a.	6.96% p.a.	70%+

NAB’s fixed interest-only home loan rates for investors (in arrears)

Less than 70% LVR

Duration	Interest rate	Comparison rate*
One year	6.94% p.a.	6.67% p.a.
Two years	5.99% p.a.	6.60% p.a.
Three years	6.09% p.a.	6.56% p.a.
Four years	6.24% p.a.	6.56% p.a.
Five years	6.34% p.a.	6.56% p.a.

70.01% – 80% LVR

Duration	Interest rate	Comparison rate*
One year	5.94% p.a.	6.85% p.a.
Two years	5.99% p.a.	6.60% p.a.
Three years	6.09% p.a.	6.71% p.a.
Four years	6.24% p.a.	6.69% p.a.
Five years	6.34% p.a.	6.68% p.a.

80%+ LVR

Duration	Interest rate	Comparison rate*
One year	6.04% p.a.	6.86% p.a.
Two years	6.09% p.a.	6.78% p.a.
Three years	6.19% p.a.	6.73% p.a.
Four years	6.34% p.a.	6.69% p.a.
Five years	6.44% p.a.	6.72% p.a.

Compare interest only home loan rates from more lenders.

How competitive are NAB’s home loan rates?

NAB’s home loan rates are most competitive across its fixed rate products, with all of its terms from one to five years offering value relative to the other major banks for the same terms.

Nabs variable home loan rates are less attractive currently, partly due to the rising interest rate environment. It may also be that NAB’s strategy is to attract customers on relatively low fixed rates, with the aim of holding onto those borrowers even after the fixed term ends.

But if you look at the market as a whole, NAB’s home loan rates are not market leading and borrowers should be able to find lower rates by shopping around.

Compare NAB's home loan rates to the other major banks:

What are NAB’s lowest home loan rates?

NAB’s lowest home loan rate is currently available on its one-year fixed rate for owner occupiers making principal and interest repayments, with the rate on its two-year fixed product just slightly above it.

Its lowest variable rate is currently on Base Variable Home Loan, again for owner occupiers making principal and interest repayments.

Shopping home loan rates beyond the big banks?

Non-major banks

Think ING, HSBC, Bendigo, Suncorp Bank etc. In terms of products and processes, these will be very similar to the big 4 banks who lead the trends in banking in Australia. But non-major banks often have lower rates and special offers (e.g. refinance cashback) in order to be competitive versus the bigger lenders. The non-major banks are still well-known brands with high-quality online tools systems.

Customer-owned

There are dozens of small member-owned banks and credit unions in Australia. Many are focussed on customers in a particular regional area, or even workers in a certain profession. These lenders often have the lowest rates in the market and personalised customer service, but the eligibility criteria may be more limited and the application process can be slow.

Non-bank lenders

Australian borrowers also have plenty of choice among non-bank home loan providers. Some are mainstream lenders (often online only) offering loans to your typical home loan borrowers. Others specialise in offering loans to cater for specific borrowers and scenarios, such as self-employed borrowers, bad credit borrowers or SMSF loans.

NAB home loan FAQs

Should I get my home loan from NAB?

is one of Australia’s largest banks and currently the third largest mortgage lender in the country. Clearly lots of people choose a NAB home loan, but whether it’s right for you is another question.

Large banks like NAB are attractive for a few reasons: It’s a recognisable brand, offers a decent variety of products and different ways to bank with them. The major banks invest heavily in their online services, so you can be fairly confident that the mobile app and online banking experience will be good.

Where the likes of NAB tend to be less attractive is when it comes to price. NAB is unlikely to have the most competitive loans and rates, versus smaller or specialist lenders.

Is NAB increasing its home loan rates in 2026?

So far NAB has made a number of increases to its home loan rates, most noticeably on its variable rate loans but also on its fixed rates. There may be more rate increases to come as interest rate predictions are pointing at even higher rates still by the end of the year.

If you haven’t compared your rate recently, it’s worth taking a look as prices are changing by the day.

What’s the best NAB home loan?

The best NAB home loan will be the one that best matches your needs, while also offering the best value for money. What does that mean exactly? Well, think about it like you would any other product you buy: the best value loan is the one that offers the most benefit for the lowest cost.

That may actually mean opting to pay a higher interest rate to get more benefit. In the case of a NAB home loan, that might mean opting for the Tailored Variable Loan over the Base Variable Loan and paying a slightly higher rate in order to get access to an offset account.

Think carefully about what loan structure you need, what features will be valuable and

What are the fees on NAB home loans?

Most NAB home loans come with $0 in application fees, but some of its loans – for example, the Tailored Home loan (variable and fixed) come with a monthly service fee, which is $8 at the time of writing.

Beyond that, NAB charges a $350 discharge fee on all mortgages (when you close your loan) and a document preparation fee of $150 in some scenarios.

If you wish to use NAB’s rate lock features on fixed rate loans (to lock you rate at the time of application), there’s a fee of 0.15% of the approved facility limit rounded to the nearest $10.

Does NAB offer home loans as part of the Home Guarantee Scheme?

Yes NAB is one of the participating lenders in the Australian Governments Home Guarantee Scheme. If you’re applying for a NAB home loan, mention to the lending specialist that you would like to apply via the scheme.

Can I get an offset account on a NAB home loan?

Yes, NAB’s Tailored Home Loan (variable rate) comes with access to up to 10 offset accounts, as well as unlimited fee-free repayments. This loan comes with a slightly higher interest rate and an $8 monthly service fee, so consider whether the extra costs will be worth it for you based on how much you will keep in the offset account.

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