RateSaver Home Loan
Our simple vanilla loan with a super-low variable rate, unlimited additional repayments as well as the ability to redraw.
The RateSaver Home Loan is also available for DHOAS eligible applicants
Category: Home Loans Last Updated April 11, 2022 Effective November 22, 2021
General Lending Rates
Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information <=70% LVR (DHOAS applicants only)
Interest Rate
1.95% PA
Comparison Rate
1.99%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
OWNER_OCCUPIED, VARIABLE, 2.98%
- Lending Rate Type: Variable
- Interest Rate: 2.98%, Comparison Rate 2.99%
- Repayment Type: Principal And Interest
- Loan Purpose: Owner Occupied
OWNER_OCCUPIED, VARIABLE, 1.95%
- Lending Rate Type: Variable
- Interest Rate: 1.95%, Comparison Rate 1.99%
- Repayment Type: Principal And Interest
- Loan Purpose: Owner Occupied
Product Features
Product Eligibility
- Residency Status - Individuals Must Be Citizens Or Permanent Residents Of Australia..
- Employment Status - Applicants Must Be Currently Employed Or Receiving A Regular Income. Self Employed Clients Should Contact The Bank Prior To Applying.
Bank Fees and Charges
- Redraw Fee (per Redraw) (Transaction), Amount: 10.00.
- Consent Fee (Event), Amount: 250.00. Additional Information: For 2nd or subsequent mortgages or lease registration
- Copies Of Statements (up To 12 Months) At Branch (Event), Amount: 2.50.
- Property Valuation Fee (Variable), Amount: 250.00. Additional Information: At cost. Minimum is $250.00
- Mortgage Discharge Fee (Event), Amount: 300.00.
- Copies Of Statements (over 12 Months) Per Page (Event), Amount: 5.00.
- Legal Fees (Variable), Amount: Not Listed.. Additional Information: At cost
- Default Notice Fee (Event), Amount: 30.00. Additional Information: Payable when a notice is issued regarding a default under the contract
- Paper Statement Fee (per Statement) (Periodic), Amount: 2.00.
- Ratesaver Processing Fee (Upfront), Amount: 500.00. Additional Information: When borrowing in excess of 80% LVR
- Audit Certificate Fee (Event), Amount: 50.00. Additional Information: Per audit certificate requested
- Stamp Duty (Variable), Amount: Not Listed.. Additional Information: At cost
- Archive Retrieval Fee (Variable), Amount: Not Listed.. Additional Information: A hourly fee applies plus any expenses incurred
- Other Bank Deposit Fee (Deposit), Amount: 6.50. Additional Information: Cash and cheque deposit at NAB Branch
- Ratesaver Switch Fee (Event), Amount: 500.00. Additional Information: To switch to RateSaver Home Loan
- Arrears Notice Fee (Event), Amount: 20.00. Additional Information: 2nd and subsequent reminders by letter or phone
- Switch/variation Fee - Home & Investment Loans (Event), Amount: 300.00. Additional Information: To switch or vary home loans (other than switching to RateSaver)
Limitations & Restrictions (Constraints)
