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.

Read more about the changes to the NAB Choice Package.

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), opens in new window. 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, 52KB), 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, 52KB), 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, 52KB), 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, 52KB), 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.

Select rate type

Variable rate

Select loan type

Owner occupier

Select repayment type

Principal and interest

NAB Choice Package – Principal and Interest

Table of interest rates for different home loan amounts with a 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

Table of interest rates for different home loan amounts with a 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

Select repayment type

Principal and interest

NAB Choice Package – Principal and Interest – Residential Investment

Table of interest rates for different home loan amounts with a NAB Choice Package – Principal and Interest ---Residential Investors.

 

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

 

Table of interest rates for different home loan amounts with a 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

Select loan type

Owner occupier

Select repayment type

Principal and interest

NAB Choice Package – Principal and Interest

Table of fixed interest rates for our 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

Table of fixed interest rates for our 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

Table of fixed interest rates for our NAB Choice Package – Interest Only in Advance.
  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

Select repayment type

Principal and interest

NAB Choice Package – Principal and Interest – Residential Investment

Table of interest rates for different home loans with a 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

Table of fixed interest rates for our 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

Table of fixed interest rates for our 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

Table of fixed interest rates for our 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.

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

  1. Log into either NAB Internet Banking or the NAB app.
  2. Tap on the message icon.
  3. 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)

13 78 79

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

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.