Important changes to the NAB Choice Package
The NAB Choice Package is no longer available for sale from 18 August 2023. Customers with a Package established before 18 August 2023 will retain access to Package benefits including the ability to add or remove lending in accordance with their Package terms and conditions (PDF, 143KB), opens in new window.
Benefits of a NAB Choice Package
If you have an existing NAB Choice Package, you have access to range of discounts and other benefits. To find out more about eligible products you can include in a NAB Choice Package, refer to the NAB Choice Package terms and conditions (PDF, 143KB). Keep in mind that to enjoy NAB Choice Package benefits on eligible products, you’ll need to ask us to include the products in your Package and pay the annual fee of $395. These benefits will only apply while you remain in a NAB Choice Package.
Discounted rates
Get up to 0.90% p.a. discount off the indicator rate (PDF, 53KB), opens in new window for the NAB Tailored Variable Rate Home Loan (on borrowing amounts over $750,000) while the loan is included in the Choice Package.
You could save on fees
Pay an annual package fee of $395 and enjoy no home loan application fees, no home loan monthly service fees and a credit card of your choice with no annual fee.
Access to great benefits
Get discounted premiums on selected insurance products, and discounts on margin loan interest rates.
NAB Tailored Home Loan options
The NAB Tailored Home Loan is available with fixed rate and variable rate options as part of a NAB Choice Package. Read more about the features of the NAB Tailored Home Loan below.
| Fixed Rate Home Loan | Variable rate with offset Home Loan | |
|---|---|---|
| Interest rate | Fixed Rate Home Loan |
Variable rate with offset Home Loan |
| Application fee | Fixed Rate Home Loan $0 |
Variable rate with offset Home Loan $0 |
| Ongoing fees | Fixed Rate Home Loan $0 (When included in a NAB Choice Package) |
Variable rate with offset Home Loan $0 (When included in a NAB Choice Package) |
| Make additional repayments without additional fees | Fixed Rate Home Loan Up to $20,000 during the fixed rate period
|
Variable rate with offset Home Loan Unlimited
|
| 100% offset arrangement | Fixed Rate Home Loan No |
Variable rate with offset Home Loan Yes |
| Redraw | Fixed Rate Home Loan No
|
Variable rate with offset Home Loan Yes
|
| Split your new loan | Fixed Rate Home Loan Yes
|
Variable rate with offset Home Loan Yes |
| Available as construction loan | Fixed Rate Home Loan No |
Variable rate with offset Home Loan Yes |
| Maximum loan to property value ratio (LVR) | Fixed Rate Home Loan 95% |
Variable rate with offset Home Loan 95% |
| Rate lock | Fixed Rate Home Loan Yes |
Variable rate with offset Home Loan No |
| Make changes easily via the NAB app | Fixed Rate Home Loan Yes |
Variable rate with offset Home Loan Yes |
Choice Package interest rates
Your NAB Choice Package interest rate is calculated out by taking your loan size and applying a discount to the indicator rate (PDF, 53KB), opens in new window on the NAB Tailored Home Loan.
The following discounts will apply depending on which loan type you choose.
Variable rate with offset
Discount off the NAB Tailored Variable rate home loan Indicator Rate (PDF, 53KB), opens in new window.
Amount borrowed |
Discount |
|---|---|
$750,000 and above |
0.90% p.a. |
from $250,000 - $749,999 |
0.85% p.a. |
Up to $249,999 |
0.60% p.a. |
Fixed rate
Discount off the NAB Tailored fixed rate home loan Indicator Rate (PDF, 53KB), opens in new window.
Amount borrowed |
Discount |
|---|---|
Any amount |
0.15% p.a. |
NAB Choice Package Interest rates
Take a look at our interest rates for the NAB Choice Package based on your loan size.
Variable rate
Owner occupier
Principal and interest
NAB Choice Package – Principal and Interest
Interest rate |
Comparison rate |
|
|---|---|---|
Loan amount of less than $250,000 |
Interest rate 8.17% p.a. |
Comparison rate 8.51% p.a. |
Loan amount of between $250,000 and $749,000 |
Interest rate 7.92% p.a. |
Comparison rate 8.27% p.a. |
Loan amount of $750,000 and above |
Interest rate 7.87% p.a. |
Comparison rate 8.22% p.a. |
Interest only
NAB Choice Package – Interest Only
Interest rate |
Comparison rate |
|
|---|---|---|
Loan amount of less than $250,000 |
Interest rate 8.74% p.a. |
Comparison rate 8.76% p.a. |
Loan amount of between $250,000 and $749,000 |
Interest rate 8.49% p.a. |
Comparison rate 8.51% p.a. |
Loan amount of $750,000 and above |
Interest rate 8.44% p.a. |
Comparison rate 8.46% p.a. |
Residential investor
Principal and interest
NAB Choice Package – Principal and Interest – Residential Investment
|
Interest rate |
Comparison rate |
|---|---|---|
Loan amount of less than $250,000 |
Interest rate 8.77% p.a. |
Comparison rate 9.11% p.a. |
Loan amount of between $250,000 and $749,000 |
Interest rate 8.52% p.a. |
Comparison rate 8.86% p.a. |
Loan amount of $750,000 and above |
Interest rate 8.47% p.a. |
Comparison rate 8.81% p.a. |
Interest only
NAB Choice Package – Interest Only – Residential Investment
|
Interest rate |
Comparison rate |
|---|---|---|
Loan amount of less than $250,000 |
Interest rate 9.07% p.a. |
Comparison rate 9.23% p.a. |
Loan amount of between $250,000 and $749,000 |
Interest rate 8.82% p.a. |
Comparison rate 8.98% p.a. |
Loan amount of $750,000 and above |
Interest rate 8.77% p.a. |
Comparison rate 8.93% p.a. |
Fixed rate
Owner occupier
Principal and interest
NAB Choice Package – Principal and Interest
| Interest rate | Comparison rate | |
|---|---|---|
| 1-year period | Interest rate 6.29% p.a. |
Comparison rate
8.30% p.a. |
| 2-year period | Interest rate 6.04% p.a. |
Comparison rate
8.06% p.a. |
| 3-year period | Interest rate 5.89% p.a. |
Comparison rate
7.83% p.a. |
| 4-year period | Interest rate 6.24% p.a. |
Comparison rate
7.78% p.a. |
| 5-year period | Interest rate 6.29% p.a. |
Comparison rate
7.66% p.a. |
Interest only
NAB Choice Package – Interest Only in Arrears
| Interest rate | Comparison rate | |
|---|---|---|
| 1-year period | Interest rate 6.49% p.a. |
Comparison rate
8.51% p.a. |
| 2-year period | Interest rate 6.34% p.a. |
Comparison rate
8.26% p.a. |
| 3-year period | Interest rate 6.19% p.a. |
Comparison rate
8.01% p.a. |
| 4-year period | Interest rate 6.49% p.a. |
Comparison rate
7.91% p.a. |
| 5-year period | Interest rate 6.69% p.a. |
Comparison rate
7.83% p.a. |
NAB Choice Package – Interest Only in Advance – Share Investment
| Interest rate | Comparison rate | |
|---|---|---|
| 1-year period | Interest rate 6.39% p.a. |
Comparison rate
8.53% p.a. |
| 2-year period | Interest rate 6.24% p.a. |
Comparison rate
8.30% p.a. |
| 3-year period | Interest rate 6.09% p.a. |
Comparison rate
8.06% p.a. |
| 4-year period | Interest rate 6.39% p.a. |
Comparison rate
7.98% p.a. |
| 5-year period | Interest rate 6.59% p.a. |
Comparison rate
7.91% p.a. |
Residential investor
Principal and interest
NAB Choice Package – Principal and Interest – Residential Investment
| Interest rate | Comparison rate | |
|---|---|---|
| 1-year period | Interest rate 6.44% p.a. |
Comparison rate
8.84% p.a. |
| 2-year period | Interest rate 6.24% p.a. |
Comparison rate
8.56% p.a. |
| 3-year period | Interest rate 6.09% p.a. |
Comparison rate
8.29% p.a. |
| 4-year period | Interest rate 6.44% p.a. |
Comparison rate
8.21% p.a. |
| 5-year period | Interest rate 6.49% p.a. |
Comparison rate
8.06% p.a. |
Interest only
NAB Choice Package – Interest Only in Arrears – Residential Investment
| Interest rate | Comparison rate | |
|---|---|---|
| 1-year period | Interest rate 6.54% p.a. |
Comparison rate
8.95% p.a. |
| 2-year period | Interest rate 6.34% p.a. |
Comparison rate
8.66% p.a. |
| 3-year period | Interest rate 6.24% p.a. |
Comparison rate
8.39% p.a. |
| 4-year period | Interest rate 6.64% p.a. |
Comparison rate
8.31% p.a. |
| 5-year period | Interest rate 6.69% p.a. |
Comparison rate
8.15% p.a. |
NAB Choice Package – Interest Only in Advance – Residential Investment
| Interest rate | Comparison rate | |
|---|---|---|
| 1-year period | Interest rate 6.44% p.a. |
Comparison rate
8.97% p.a. |
| 2-year period | Interest rate 6.24% p.a. |
Comparison rate
8.70% p.a. |
| 3-year period | Interest rate 6.14% p.a. |
Comparison rate
8.44% p.a. |
| 4-year period | Interest rate 6.54% p.a. |
Comparison rate
8.38% p.a. |
| 5-year period | Interest rate 6.59% p.a. |
Comparison rate
8.24% p.a. |
NAB Choice Package – Interest Only in Advance – Share Investment
| Interest rate | Comparison rate | |
|---|---|---|
| 1-year period | Interest rate 6.39% p.a. |
Comparison rate
8.53% p.a. |
| 2-year period | Interest rate 6.24% p.a. |
Comparison rate
8.30% p.a. |
| 3-year period | Interest rate 6.09% p.a. |
Comparison rate
8.06% p.a. |
| 4-year period | Interest rate 6.39% p.a. |
Comparison rate
7.98% p.a. |
| 5-year period | Interest rate 6.59% p.a. |
Comparison rate
7.91% p.a. |
Details about the NAB Choice Package offsale
The NAB Choice Package Home loan is no longer available for sale from 23 February 2023 for broker customers, from 17 March 2023 for retail (direct to bank) customers and from 18 August 2023 for customers with a Business or Private Wealth relationship with NAB.
Customers with an existing (and ongoing) Package established before the relevant offsale date will retain access to Package benefits including the ability to add or remove lending as permitted under their applicable Package Terms and Conditions.
If you are applying for any new product to go into your Choice Package with another applicant, all applicants must be linked to the Package (e.g. a couple who already has a joint NAB Choice Package held in both their names).
If you choose to remove your NAB Choice Package, you will no longer be able to open a new Choice Package and will not be entitled to any Package benefits.
If you don’t have an existing NAB Choice Package, you will not be able to open a new NAB Choice Package on or after the relevant offsale date.
Applications for the NAB Choice Package that are submitted before the relevant off-sale date will continue to be processed (subject to standard requirements and lending criteria).
Home loan tools and calculators
Need to do some research? Use our handy calculators to work out how much you can afford to borrow and repay.
How much can I borrow?
Get an estimate of how much you can afford to borrow for your home.
Home loan repayment calculator
Compare your loan amount with other factors to estimate your loan repayments.
Equity loan calculator
Evaluate your home’s equity and see how you could make it work for you.
Stamp duty calculator
Understand how much stamp duty you will have to pay on your property purchase.
Help and support
We’re here to help. Learn about the support services and help guides available to you.
Contact us for home loan related queries
This is how you can get in touch.
Start a conversation with a banker
- Log into either NAB Internet Banking or the NAB app.
- Tap on the message icon.
- Type ‘speak to a person’ in the conversation window.
Call us
Speak to a home loan expert about a new or existing home loan.
Monday to Friday, 8:00am to 7:00pm (AEST/AEDT)
Saturday to Sunday, 9:00am to 6:00pm (AEST/AEDT)
Book an appointment
Make an appointment to see us at your nearest branch, ask a mobile banker to come to you or ask us to call you back.
Terms and Conditions
Apologies but the Important Information section you are trying to view is not displaying properly at the moment. Please refresh the page or try again later.
Information and rates are correct as at 2 July 2019 and are subject to change. Applications for credit are subject to NAB’s credit approval criteria. Terms and Conditions apply to all NAB products and are available on application. Fees and charges are payable.
Personal Banking Fees - a guide to fees and charges
Interest rates for home lending
Important information about the insurance
Allianz Australia Insurance Limited (ABN 15 000 122 850 AFSL 234708) (Allianz) is the insurer and issuer of this insurance. Allianz has entered into a distribution arrangement with National Australia Bank Limited (ABN 12 004 044 937 AFSL 230686) (NAB). Under this arrangement, NAB is authorised to arrange for the issue of this insurance by Allianz as Allianz's agent. All other services provided by NAB in relation to this insurance are not provided on behalf of Allianz.
NAB is paid commission if Allianz issues you with this insurance (including renewals and variations) and may be entitled to a profit share or marketing allowance if certain thresholds are met in agreed periods regarding this and other types of insurance policies entered into under NAB’s arrangement with Allianz. Details are provided in the NAB Financial Services Guide, available in branch, or by calling 13 29 28 or at nab.com.au/fsg.
Neither NAB, nor any of its related bodies corporate, accepts liability or guarantees payment of any claim or benefit in respect of this insurance. A policy does not represent a deposit with, or a liability of, nor is guaranteed by either NAB or any of its related bodies corporate.
Any advice contained is general only and does not take into account your particular objectives, financial situation or needs. You should consider whether the advice is appropriate for your objectives, financial situation or needs and consult the Policy Document and Product Disclosure Statement (PDS) available by calling 13 29 28 or at nab.com.au/insurance.
For the standard terms, conditions and exclusions about our insurance, please refer to the Product Disclosure Statement (PDS) and any supplementary PDS (if applicable). Target Market Determinations for these products are available at nab.com.au/TMD.
The information on this page about the insurance coverage is a summary only and you should refer to the PDS and the Policy Wording for full terms, conditions, limits and exclusions that apply. Insurance is subject to eligibility criteria.
View our NAB Choice Package Terms and Conditions (PDF, 143KB), opens in new window.
Target Market Determinations for these products are available at nab.com.au/TMD.