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Product Name |
Introductory Rate Loan 3 Year Fixed Rate |
Lender |
National Australia Bank |
|
Initial Rate % |
6.75 |
Intro Rate |
 |
|
Initial Period |
36 months
|
Ongoing Rate % |
7.24 |
|
Interest Type (Initial) |
Fixed |
Repayment (initial) |
Principal and Interest |
|
Interest type (ongoing) |
Standard Variable |
Repayment (after initial) |
Principal and Interest |
|
Max Term Fixed Rate % |
3 |
Max Term Interest Only % |
0 |
|
Repayment Frequency |
Fortnightly, Monthly, Weekly |
Maximum No of Loan Splits |
2 |
Extended Information
|
States Available |
ACT, New South Wales, Northern Territory, Queensland, South Australia, Tasmania, Victoria, Western Australia |
Financials Required |
|
|
Product Type(s) |
Equity,Equity,Investment,Investment,Owner Occupied,Owner Occupied,Vacant Land,Vacant Land, |
Non-conforming |
 |
|
Notes
|
Introductory Rate Home Loan is only available to new NAB home loan customers.
Interest Only option not available
Low Doc option not available
Not available with Choice Package
No redraw available during fixed rate period
Extra repayments allowed up to max of $20K during Fixed rate period. |
|
Loan Size/LVR |
|
Minimum Loan Amount $
|
10,000.00 |
Maximum Loan Amount $
|
99,999,999.00 |
Capitalise LMI
|
|
|
Maximum LVR %
|
95 |
Minimum Loan Term
|
1 |
Max Loan Term
|
30 |
|
Loan Fees |
|
Establishment $ |
600.00 |
|
Cost to switch to fixed $ |
0.00 |
|
Application Fee $ |
0.00 |
Exit Fee $ |
120.00 |
|
Valuation Fee $ |
0.00 |
Ongoing Fees $ |
10.00 |
|
Legal/Solicitor Fee $ |
0.00 |
Ongoing Fee Notes |
$10 ongoing monthly |
|
Settlement Fee $ |
0.00 |
|
|
Upfront Fees $ |
600.00 |
|
Break cost conditions |
Prepayment fee + economic costs apply during introductory and standard fixed rate periods |
|
Early Repayment Fee Notes |
0.40% if repay the loan in full within 4 yrs from the initial loan draw down date. |
|
Other borrowing costs $
|
0.00 |
Other Fee Notes |
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Services |
|
Internet Banking |
|
Telephone Banking |
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Credit Card Option |
|
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Bpay Option |
|
Portability of loan |
|
Professional Pack |
|
|
Cheque account access |
|
Reverse Mortgage |
|
Free Transactions per month
|
0 |
|
Redraw Available |
|
Minimum Redraw $
|
0.00 |
|
|
Offset Account |
No |
Direct Salary Credit |
|
|
|
Access Fees |
|
Loan Redraw fee $
|
0.00 |
ATM own wdfee $
|
0.00 |
Fee per Cheque $
|
0.00 |
|
EFTPOS fee $
|
0.00 |
Internet banking fee $
|
0.00 |
Internet access fee $
|
0.00 |
|
Bpay charges $
|
0.00 |
|
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