NAB cuts owner-occupier, investor fixed rates

NAB rolls out a series of cuts in its fixed rates for owner-occupiers and investors.

This makes NAB the third major bank to introduce changes to fixed rates outside any movements in the cash rate. CommBank and ANZ have announced their respective rate cuts over the recent weeks, specifically for the rates of three-year fixed terms.

In the context of NAB, however, the changes encompassed all fixed-rate terms, with the three-year fixed rate getting the some of the biggest chop.

Here are some of the major changes in NAB’s fixed-rate offerings:

NAB Fixed-Rate Product	Change	Advertised Rate (p.a.)	Comparison Rate (p.a.)
Tailored Fixed P&I 3 yrs 70-80%	-50bps	5.59%	6.69%
Investment Tailored Fixed P&I 3 yrs 70-80%	-60bps	5.69%	7.14%
Tailored Fixed P&I 4 yrs 80-90%	-30bps	6.09%	6.76%
Investment Tailored Fixed IO 3 yrs 80-90%	-45bps	5.94%	7.26%
Investment Tailored Fixed P&I 5 yrs 70-80%	-30bps	6.54%	7.22%
Tailored Fixed P&I 1 yr 70-80%	-15bps	5.94%	6.99%

Outside of the changes in its fixed rate, NAB also made a slight change in its base variable rate for owner-occupiers on special offer, increasing it by 5bps to 5.64% p.a. (5.68% p.a. comparison rate).

This variable rate applies to new owner-occupier loans where the loan to value ratio is less than or equal to 80%.

Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

Loan purpose

Refinancing

Loan amount

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Lender	Home Loan	Interest Rate	Comparison Rate*	Monthly Repayment	Repayment type	Rate Type	Offset	Redraw	Ongoing Fees	Upfront Fees	Max LVR	Lump Sum Repayment	Extra Repayments	Split Loan Option	Tags	Features	Link	Compare	Promoted Product	Disclosure
loans.com.au	loans.com.au Variable Home Loan P&I <90%	5.29% p.a.	5.33% p.a.	$2,773	Principal & Interest	Variable			$0	$530	90%				Owner Occupier Variable Principal & Interest 10% Min Deposit Redraw Extra Repayments More details	Available for purchase or refinance, min 10% deposit needed to qualify. No application, ongoing monthly or annual fees. Dedicated loan specialist throughout the loan application.	Go to site	Compare	Promoted	Disclosure
Unloan	Unloan Variable Rate Home Loan LVR < 80%	5.19% p.a.	5.10% p.a.	$2,742	Principal & Interest	Variable			$0	$0	80%				Built and funded by CommBank Owner Occupier Variable Principal & Interest 20% Min Deposit Redraw More details	A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.	Go to site	Compare		Disclosure
loans.com.au	loans.com.au Variable Home Loan with Offset P&I <90%	5.39% p.a.	5.43% p.a.	$2,805	Principal & Interest	Variable			$0	$530	90%				Owner Occupier Variable Principal & Interest 10% Min Deposit Offset Redraw Extra Repayments More details	Available for purchase or refinance, min 10% deposit needed to qualify. No application, ongoing monthly or annual fees. Quick and easy online application process.	Go to site	Compare	Promoted	Disclosure

Important Information and Comparison Rate Warning

Important Information and Comparison Rate Warning

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Photo by April Benjamin.