The two home loans in question are for NAB's 'Base Variable Rate' offering, paying both principal and interest (P&I) and interest-only (IO).

  • Investment Base Variable Rate P&I 80%: 5 basis point cut to 3.09% p.a. (3.09% p.a. comparison rate*)
  • Investment Base Variable Rate IO 80%: 11 basis point cut to 3.29% p.a. (3.71% p.a. comparison rate*)

Borrowers must have an LVR of no more than 80%, meaning they must have a minimum deposit of 20%.

These special offer rates represent up to a 182 basis point discount off the standard rate, and are available to new borrowers only, including refinancing.

Note that as it's a 'special offer', the offer can be withdrawn at any time by NAB.

Buying an investment property or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for investors.

Rates
Features
Fees
Other
Lender
VariableMore details
Refinance OnlyApply In Minutes
  • A low-rate variable investment home loan from a 100% online lender. Backed by the Commonwealth Bank.
Refinance OnlyApply In Minutes

Unloan – Variable Rate Investment Loan – Refinance Only

  • A low-rate variable investment home loan from a 100% online lender. Backed by the Commonwealth Bank.
More details
Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of December 11, 2023. View disclaimer.

BankVic, Athena also cut

On Monday, BankVic cut fixed investor home loans by between 29 and 39 basis points, with terms from one to five years. Some key cuts were:

  • Investor Fixed 4 Years: 39 basis point cut to 2.95% p.a. (4.11% p.a. comparison rate*)
  • Investor Fixed 2 Years: 29 basis point cut to 2.85% p.a. (4.35% p.a. comparison rate*)

Meanwhile, at the same time as introducing a tiered interest rate system, Athena also cut interest rates on a few products. 

  • Celebrate Investor P&I 60%: 20 basis point cut to 2.79% p.a. (2.79% p.a. comparison rate*)
  • Celebrate Owner Occupier P&I 60%: 20 basis point cut to 2.39% p.a. (2.39% p.a. comparison rate*)

This rate is for borrowers with a 40% deposit or greater now i.e. refinancers, and is also part of the 'Athena Accelerates' tiered system effective 30 September.

A couple of interest-only products were also cut by 5 basis points.

You can see how Athena compares in the variable, owner-occupier (paying P&I) space in the table below.

Rates
Features
Fees
Other
Lender
VariableMore details
Online ExclusiveUp To $4K Cashback Includes NOV RBA Rate Increase
  • Immediate cashback upon settlement
  • $2000 for loans up to $700,000
  • $4000 for loans over $700,000
Online ExclusiveUp To $4K Cashback Includes NOV RBA Rate Increase

loans.com.au – Variable Basic Cashback Home Loan (Principal and Interest) (LVR < 70%)

  • Immediate cashback upon settlement
  • $2000 for loans up to $700,000
  • $4000 for loans over $700,000
More details
VariableMore details
Refinance OnlyApply In Minutes
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
Refinance OnlyApply In Minutes

Unloan – Variable Rate Home Loan – Refinance Only

  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
More details
VariableMore details
  • Up is 100% owned by Bendigo Bank.
  • Up to 50 offset accounts
  • New joiners get $10 by signing up to the app using code UPHOMESAVINGS. (T&Cs apply)

Up – Up Home Variable (Principal & Interest) (LVR ≤ 90)

  • Up is 100% owned by Bendigo Bank.
  • Up to 50 offset accounts
  • New joiners get $10 by signing up to the app using code UPHOMESAVINGS. (T&Cs apply)
More details
  • Immediate cashback upon settlement
  • $2000 for loans up to $700,000
  • $4000 for loans over $700,000

More details
Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of December 11, 2023. View disclaimer.



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