Wednesday's rate hikes apply to both owner occupier and investment home loans fixed between one and five years.

This marks only the second fixed rate hike of the year for NAB, while ANZ pushed fixed-rates north twice in February alone. 

NAB's Choice Package principal and interest (P&I) and interest-only (IO) loans over five-years saw the greatest increase of 50 basis points. 

For an annual fee of $395, NAB's ‘Choice Package’ provides customers a discount off the ‘indicator’ rate for the life of the loan, while also discounting premiums on various insurance products, and margin loans. 

Noteworthy increases across NAB's fixed home loan portfolio include:

  • Choice Package Tailored Fixed - P&I 5 Years 150k+ 95%: 50 basis point increase to 4.19% p.a. (4.43% p.a. comparison rate*)
  • Choice Package Tailored Fixed - IO 5 Years 150k+ 95%: 30 basis point increase to 4.49% p.a. (4.51% p.a. comparison rate*)
  • Choice Package Investor Tailored Fixed - P&I 5 Years 150k+ 90%: 50 basis point increase to 4.34% p.a. (4.84% p.a. comparison rate*)
  • Choice Package Investor Tailored Fixed - IO 5 Years 150k+ 90%: 50 basis point increase to 4.44% p.a. (4.84% p.a. comparison rate*)
  • Tailored Fixed - P&I 3 Years 95%: 25 basis point increase to 3.69% p.a. (4.43% p.a. comparison rate*)
  • Tailored Fixed - P&I 5 Years 95%: 50 basis point increase to 4.29% p.a. (4.56% p.a. comparison rate*)

NAB owned digital-banks 86 400 and UBank both lifted fixed home loan rates last week by up to 35 basis points.

Recently, ABS data revealed the average loan size for owner-occupier dwellings now sits at a national level of $619,000, marking an increase of $17,000 or 2.8% from December 2021.

The owned occupied five-year Tailored Fixed home loan is 195 basis points (1.95%) higher than it was a year ago.

Using this average home loan size across a 30-year term, 195 basis points' difference results in $665 in extra interest paid per month.

On Tuesday NAB economists forecast an RBA cash rate of 0.75% by end-2022.

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.

Update resultsUpdate
Filters
LenderHome LoanInterest 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 TagsFeaturesLinkComparePromoted ProductDisclosure
5.94% p.a.
5.98% p.a.
$2,978
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.
 Disclosure
5.89% p.a.
5.80% p.a.
$2,962
Principal & Interest
Variable
$0
$0
80%
  • Built and funded by CommBank
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 20% Min Deposit
  • Redraw
  • More details
  • 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.
 Disclosure
5.99% p.a.
6.02% p.a.
$2,995
Principal & Interest
Fixed
$0
$0
60%
  • Owner Occupier
  • Fixed 3 Years
  • Principal & Interest
  • 40% Min Deposit
  • Redraw
  • More details
  • Competitive rates to help you save
  • A Dedicated Relationship Manager
  • Certainty of repayments with a fixed rate term
 Disclosure
5.93% p.a.
5.93% p.a.
$2,975
Principal & Interest
Variable
$0
$395
70%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 30% Min Deposit
  • Redraw
  • More details
 Disclosure
More home loans
Important Information and Comparison Rate Warning
Important Information and Comparison Rate Warning
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