Things to know about changing your interest rate

  • It takes up to 2 business days for changes to be finalised.
  • If you’re changing a joint home loan, the second person on your account will need to review and approve the change.
  • You should learn the risks and benefits of fixing your home loan before you start.

Steps to change from variable to fixed rate

  1. Log into the NAB app on your device.

  2. Tap on the home loan you want to fix or re-fix.

  3. Tap on the Manage button.

  4. Select the option to Fix your home loan .

  5. Review the information, scroll down and tap Yes, let’s start.

  6. Choose the term of your fixed loan by tapping on the term you would like.

  7. Follow the prompts to review and accept the changes.

Changing a joint loan’s interest rate

  1. Follow the previous steps to make changes to your home loan interest rate.

  2. The second person on the account will be notified via SMS that they need to review and approve any changes.

  3. They’ll need the latest version of the NAB app and a personal login.

  4. They must review the change within 48 hours (the request expires after 48 hours).

Don’t have the NAB app?

Download the app today for a more convenient banking experience.

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Need help to complete another task? Explore other help guides you might be interested in.

NAB Internet Banking and NAB app

NAB Choice Package eligibility

Important: 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, unless they have a current NAB Choice Package which is established before the respective off-sale date (and which remains ongoing).

These products are issued by National Australia Bank Limited.

NAB recommends you consider the  NAB Internet Banking terms and conditions document, before making any decisions regarding this product.

The NAB Mobile Banking app is compatible with Android and iOS, minimum platform requirements apply. Android is a trademark of Google LLC. The Google Logo is a registered trademark of Google Inc. iOS is a trademark or registered trademark of Cisco in the U.S. and other countries and is used under license.