How does the NAB Private Portfolio Package work?
As a NAB Private Wealth client, you have exclusive access to our NAB Private Portfolio Package. This provides you with the ability to build a portfolio of investment properties from a single line of credit, all managed under one facility – the NAB Private Portfolio facility.
This unique package equips you with the flexibility to manage your property investments your way. It allows you to separate your single line of credit up to 18 times into different sub-accounts and leverage different variable and fixed rate structures from within our suite of eligible home loans.
You can even combine your NAB Private Portfolio Package with other select NAB deposits and lending products for exclusive discounts and savings.
Benefits
The features of the NAB Private Portfolio Package put you in control of your borrowings with easy and convenient access to your money when you need it.
Convenience and value
Enjoy the simplicity of one facility and limit for an annual package fee of $550. There are no application or monthly service fees.
All your borrowings in one place
A single lending limit for all your home and investment loans and no need to re-apply to access credit (unless you need to increase your credit limit).
Manage your money your way
Organise your borrowings to suit your needs and objectives, with up to 18 home loan sub accounts and a choice of fixed or variable rates.
Unlock your equity
Use the equity in your property to borrow up to 80% of a property’s value so you can start on your next investment sooner. Just remember that Lenders’ Mortgage Insurance applies if you borrow over 80% of the property value.
Access your money
Access money up to your approved credit limit (provided the account doesn’t have a fixed rate) using internet banking and ATMs if you have an existing NAB Visa Debit card or NAB Credit card.
Control from your pocket
Stay on top of your home loan through the NAB app, where you can track your home loan progress and estimate your property equity.
Get the flexibility you need with our lines of credit
Access credit for specific purposes with one of our flexible lines of credit. The variable rates for our portfolio facility will depend on the loan amount.
For more information on rates, talk to one of our private bankers.
| Loan amount | Interest rate |
|---|---|
| Between $250,000 and $499,999 | 9.28% p.a. |
| Between $500,000 and $999,999 | 9.18% p.a. |
| $1,000,000 and above | 9.08% p.a. |
Annual credit card fee waiver
Enjoy no annual credit card fees on up to two eligible NAB credit card accounts that you include in your package. Eligible cards are any NAB personal credit card (except for the NAB Low-Rate Premium Card and the NAB StraightUp Card). Please note that if you’re a company or the card is a business credit card, this offer is not available to include in your package.
Transaction fees waivers
There are no NAB fees when you access a NAB Portfolio Facility sub account through an ATM in Australia. Other ATM owners within Australia may directly charge at the time of the transaction when you use a non-NAB ATM. In addition, there are no NAB transaction fees if you access your NAB Portfolio Facility sub accounts through overseas ATMs (but overseas operators may charge you to use their ATMs).
Am I eligible to apply?
To be eligible, you must be a Private Wealth client and be approved for a NAB Private Portfolio Facility. You can then ask us to include the product or service with the benefit in your package. This can be done at the time of application or afterwards (provided there is no exception set out below to adding an existing product or service to your package).
Please note this offer is not applicable for foreign applicants or applicants living overseas.
To further explore this package, you can contact your private banker or request a call back from us to discuss.
Investment solutions
We’re for investors who want to do it their way. Whether you like to make all your own decisions, need a little more support along the way or have an adviser but still want to do some independent investing as well, we can support your unique needs.
Visit your nearest wealth centre
Find a NAB Private Wealth Management Centre or specialist near you. Please note visits are by appointment only.
Sign up for Private View
Read about the latest wealth trends, stories and insights through our monthly email newsletter – Private View.
Terms and Conditions
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These discounts are not available in conjunction with any other payment discount offers applicable to these policies.
Fees and charges are payable. Terms and conditions apply and are available on request from NAB. Our credit products are subject to normal lending criteria.
The information on this website is general in nature and based on information available at the time of publishing, information which we believe is correct and any forecasts, conclusions or opinions are reasonably held or made as at the time of publishing. The information does not constitute financial product or investment advice. Past performance is not necessarily indicative of future results. No warranty is made as to its accuracy, reliability or completeness. To the extent permitted by law, neither National Australia Bank Limited ABN 12 004 044 937, Australian Credit Licence and AFSL No. 230686 or any of its related entities accept liability to any person for loss or damage arising from the use of this information.
You should consider the relevant Product Disclosure Statement and Financial Services Guide (available on request) before deciding whether to acquire, or to continue to hold, any of our products. Target Market Determinations for these products are available at nab.com.au/TMD and jbwere.com.au/other/resources, opens in new window. Fees and charges are payable. Terms and conditions apply and are available on request from NAB. Our credit products are subject to eligibility and lending criteria.
NAB Private Portfolio Package will not be available to applicants who reside overseas (regardless of citizenship) and/or for applicants who require Foreign Investment Review Board (FIRB) approval to purchase residential property purchase in Australia.
BPAY® is registered to BPAY Pty Ltd ABN 69 079 137 518.