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.
Lender | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Variable | More details | ||||||||||||
FEATUREDOnline ExclusiveUp to $4k cashbackINCLUDES NOV RBA RATE INCREASE | Variable Basic Cashback Home Loan (Principal and Interest) (LVR < 70%)
| ||||||||||||
Variable Basic Cashback Home Loan (Principal and Interest) (LVR < 70%)
| |||||||||||||
Variable | More details | ||||||||||||
FEATURED | Up Home Variable (Principal & Interest) (LVR ≤ 90)
| ||||||||||||
Up Home Variable (Principal & Interest) (LVR ≤ 90)
| |||||||||||||
Variable | More details | ||||||||||||
Variable Rate Home Loan – Refinance Only |

- Immediate cashback upon settlement
- $2000 for loans up to $700,000
- $4000 for loans over $700,000
-
Photo by April Benjamin.
Collections: Mortgage News Interest Rates
Share