Less than two months since the big four bank last raised fixed home loan rates, on Thursday NAB made further changes to fixed interest rates.
Fixed interest rates across NAB's fixed home loan portfolio were increased by up to 51 basis points (0.51%).
This increase follows on from the previous increase of up to 30 basis points back in September.
Across NAB's home loan portfolio, ‘Choice Package', 'Choice Package Investment' and 'Tailored' products for owner occupiers and investors were increased.
Some of NAB's announced changes include:
- Choice Package Tailored Fixed - P&I 3 Years 150k+: Now 2.79% (4.03% p.a. comparison rate*)
- Choice Package Tailored Fixed - IO 3 Years 150k+: Now 3.89% (4.36% p.a. comparison rate*)
- Investment Tailored Fixed - P&I 3 Years: Now 3.09% (4.71% p.a. comparison rate*)
- Tailored Fixed - P&I 3 Years: Now 2.89% (4.23% p.a. comparison rate*)
- Tailored Fixed - IO 3 Years: Now 3.99% (4.59% p.a. comparison rate*)
These increased rates apply to new lending with a maximum loan-to-value ratio of 95% for owner occupiers and 90% for investors.
This increase follows the release of NAB's Full Year Results for 2021, recording a statutory net profit of $6.56 billion, and comes a week after fellow big four banks CommBank and Westpac hiked their own offerings for fixed home loan interest rates.
Advertisement
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 | Advertised rate | Comparison rate | Monthly repayment | Rate Type | Offset | Redraw | Ongoing Fee | Upfront Fees | LVR | Lump Sum Repayment | Additional Repayments | Pre-approval | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Variable | More details | ||||||||||||
| FEATUREDLIMITED TIME OFFER | Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)
| ||||||||||||
Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)
| |||||||||||||
| Variable | More details | ||||||||||||
| FEATURED100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES | Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)
| ||||||||||||
Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)
| |||||||||||||
| Variable | More details | ||||||||||||
| FEATUREDREFINANCE IN MINUTES, NOT WEEKS | Nano Home Loans Variable Owner Occupied, Principal and Interest (Refinance Only)
| ||||||||||||
Nano Home Loans Variable Owner Occupied, Principal and Interest (Refinance Only)
| |||||||||||||
| Variable | More details | ||||||||||||
| FEATUREDNO UPFRONT OR ONGOING FEES | Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest)
| ||||||||||||
Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest)
| |||||||||||||
- Fast turnaround times, can meet 30-day settlement
- For purchase and refinance, min 20% deposit
- No ongoing or monthly fees, add offset for 0.10%
Rates correct as of November 27, 2021. View disclaimer.
Image by Phil Hearing via Unsplash.
