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NAB Refinance/Purchase Rebates of up to $6,000 (Per Customer)


Hi OzBargainers,

I hope you are all well!

NAB has just advised us of a new refinance rebate that they will be offering for loans settling between the 01/01/2020 and the 30/06/2020

Refinance Rebate is as follows:

  • Lending > $250,000 - $4,000 Rebate

  • New Purchases > $250,000 $2,000 Rebate

For anyone looking to increase their existing lending with NAB by $250,000 or more you will also be entitled to the $2,000 rebate

Any refinances through Azura Financial will receive a rebate for their first two years annual fees ($395pa)

We have recently secured the following pricings:

Owner Occupied: 2.99% - 3.18%
Investment: 3.32% - 3.54%

Please feel free to email me at [email protected] or text/call me on 0422 699 383 and I would be happy to answer all finance related questions. We do work with a panel of over 40 lenders and will be able to find a home loan tailored to you.

If you have been kicked back by and lenders or brokers please allow me to run your scenario again through a more diverse panel of lenders and see if I can be of assistance.

Kind Regards,
Nicholas O’Sullivan
ACL: 389328
Azura Financial

Related Stores

National Australia Bank Group (NAB)
National Australia Bank Group (NAB)

closed Comments

  • +2

    ANZ or NAB??????

    This whole post feels so spammy.

  • NAB or ANZ? Title says ANZ

    • Hi there, Title Amended. Sorry about that.


  • Lending less than $250000 only?

  • My apologies.. read wrongly. Sounds like a good deal. Competitive rates too for a top 4 bank

  • What about current NAB customers?

    • Hi Bellpop, NAB have a $2,000 rebate for customers looking to take out additional lending of $250,000 or more.

      Best Regards,


      • $250k on top of my current mortgage?

        • Hi Bellpop,

          The $2,000 is available when you take out new lending of $250,000. This applies to lending for new purchases or equity releases.

          Best Regards,


  • +4

    Just to clarify, how is it up to $6000.

    New customers = $4000
    Existing customers who move a different loan across or increase their loan = $2000.

    Not possible to do both, the way I read it.

    • Maybe he is saying refinance first, get $4000, then increase loan amount, get $2000?

      • So it is possible to double dip?

        • It absolutely is!

        • It must be on a different security property.
          While a customer can get both, the need 2 security properties.

          Title is not really correct in my opinion.

    • Yeh seems like incorrect title/info click bait.

      • Hi There,

        Just to clarify, the $4,000 rebate is available for customers looking to refinance a home loan from another financial institution to NAB. The $2,000 is available to new and existing NAB customers who take out new lending of $250,000 or more.

        Example 1: if you were to refinance an existing loan ($4,000) and take out new lending for a purchase ($2,000) you would be entitled to $6,000 in total.

        Example 2: If you are an existing NAB home loan customer and withdraw $250,000 or more for a deposit to contribute to a new purchase you would be eligible for $2,000.

        Feel free to get in touch with any further questions.


  • +1

    $4000 for each loan over $250K or per customer ?

    • Hi Killbill01,

      Offer is available per customer.



  • Any offers for fixed rates

    • NAB are currently offering the following fixed rates:

      First Home Buyer
      - 2 Year Fix 2.88%

      Choice Package (Offset
      - 2 Year Fix 2.98%

      Tailored Home Loan
      - 2 Year Fix 3.08%

  • Just sent you an email, Nick. Thanks

  • Wow so this is twice as good as the current offer. Thanks for the heads on that!

    • +1

      Hi Leelee,

      It is indeed, as mentioned in our post: Any refinances through Azura Financial will receive a rebate for their first two years annual fees ($395pa)

      Best Regards,


      • Nick, does this package fee include a premium credit card?

  • +2

    any interest only deal?

    • annual fees ($395pa).

    Lol. They're charging you interest, and then a fee on that interest.

    No mention of exit fees (which will probably be exorbitant, plus no mention of free redraw and/or offset).

    Go with Ubank people - it's a buyer's market when it comes to borrowing nowadays (as long as you meet their criteria).

    At least do your homework, you'll find much better than this available.

    • Hi Tony76,

      The $395 annual fee mentioned above is for the professional package with a 100% offset, redraw and ability to make extra repayments. This fee is also covered by us for the first 2 years.

      If you would like a basic product you will still get a free redraw and ability to make extra repayments without the annual fee.

      Future refinance costs will be covered by us as long as you remain a customer of Azura Financial.

      Best Regards,


      • So I understand Azura's customer will not have to pay annual fee of $395 for 2 years and what do you mean by "Future refinance costs will be covered by us as long as you remain a customer of Azura Financial"

        Do you mean all refinance costs from current lender such as discharge/lega Fee etc will be bourne by Azura when moving to NAB? And $4000 cashback is still on for refinance?

        Please confirm

        • Hi Mick1313,

          We would be more than happy to cover your discharge and legal fee's in the future on top of the 2 year annual fee refund.

          Best Regards,


  • +1

    What are the other fees apart for refinancing apart from annual fees? eg exit fee/document fee/loan establishment fees etc?

    • Hi Pyramid,

      Annual fee of $395
      Discharge fee of $350

      Please note you will not be charged a discharge fee as long as you remain a client of ours.

      We will also cover your first 2 years annual fees if you refinance with us.



  • Tried to sign up a couple times with Azura Financial but they never got back to me, granted my loan size was at the bottom end of the eligibility amount. Great deal if attainable though.

    • Hi Shifty,

      We endeavour to help everyone regardless of their loan amounts.

      There is a good chance your email may have ended up in the Junk folder and slipped through the cracks.

      If you are still looking for assistance feel free to get in touch.

      • Any downsides to refinancing 6 months after a refinance?

        • That would depend on whether you refinance with us or with a different lender/broker

          • @Nick-AzuraFinancial: Could you explain this a little? What are the exit fees like? I am guessing that is what you are referring to

            • +1

              @knobbs: Hi Knobbs, exit fee is $350.

              This fee will be covered by us for as long as we manage your mortgage/s

              • @Nick-AzuraFinancial: Ahh ok not crazy like I was worried about. Currently with WBC and seems to be every second deal on refinance is with that group so I miss out. Also had to pass on the 300k ANZ loan earlier in the year due to fixed loan break costs :(

          • @Nick-AzuraFinancial: What if only this refinance would be with you?

  • I just got 3.24% for investment loan yesterday locked for 2yrs, your rates are behind to start with let alone the hoop jumping to refinance ….

    • +1

      sounds like you are referring to fixed rates for 2 years? while OP is variable?

      • yeah true

    • +1

      Hi Deb3103,

      That's unfortunate that you've fixed in at 3.24%. We are currently negotiating from 2 year investment fixed rates with other lenders at less than 3.00%

      If you need any help in the future please don't hesitate to get in touch.



      • -2

        Haha , I'm not a newb to investment loans, unless ur backing it up with figures from big banks you are only advertising here …

      • Which lenders are doing under 3% for investment fixed rates?
        Also is this P&I or IO??

    • +1

      That's not a good rate mate.. There are plenty of providers who lock in fixed rates below 3%. Even big banks

      • There are plenty doing it for Owner Occupied but this is for Investment. Could you please advise which Big 4 Banks have investment rates below 3%?

  • Wow! Nice deal - does this include offset account or redraw only…

    • Hi Sudapha,

      Both of the above!

      Best Regards,


  • +1

    I think other banks will follow this increase

    • Hi Geojohn,

      Lets hope so! Who doesn't like added cash incentives!

      Best Regards,


  • +1

    Rates for Interest Only loans? Owner occupied and investment?

    • Hi Nitrous,

      Could you please send me an email ([email protected]) with the following informtation:

      • Security Value
      • Current Balance
      • P&I or IO
      • Postcode

      Look forward to hearing from you soon.

      Best Regards,


  • -2

    Answer the exit fee questions and other fees please or do i need to report you to the ombudsman

  • Hi Nick,

    Is cashback eligible for construction loans?

    • Hi Kelasen,

      The Cash Bonus is available for all NAB Home Loan products excluding Lines of Credit, the NAB Portfolio Facility, the NAB Private Portfolio Facility and loans for building and construction purposes (BICOE loans).

      Best Regards,


  • What variable rate can you get for $600k drawdown for refinance owner occupied on choice package?

    • Hi Organisedocd,

      Could you please email me with your postcode, value of the property and whether your looking for P&I or IO?

      [email protected]

      Best Regards,


  • Hi Nick. This is very tempting. I have an investment loan that is >250k with Westpac. Can I take this offer and get a one-year fixed loan, pocket the $4000 and then in 12-months time switch to a similar deal with a different bank again through you to minimise exit fees. And then simply repeat the process each year with a different big4?

    • Hi Lunarboogie, would love to have a chat. Would you like to call me on 0422 699 383. Regards, Nick

  • Hi Nick, what about the existing NAB customers who are not interested in borrowing any more but keen on getting good rates (you mentioned) from them. Are you willing to help and on board these customers. We have Home loan and Investment loan with NAB.

    • Hi s0805,

      We would be happy to renegotiate on your behalf if you would like to email me with your details on your current lending ([email protected]) Alternatively feel free to give me a call on 0422 699 383 to discuss.

      Warm Regards,


      • Thanks Nick. Will contact you…

  • HI Nick.. I just moved to St. George.. How long I should before I can move to NAB. What would be interest rate for 580K

    • Hi Dumkaze,

      In order to come back to you with applicable interest rates I will need the following:

      • Postcode of security
      • Value of Security

      Warm Regards,


      • Hi nick

        Can you get back to me regarding refinancing

  • Anyone recommend refinancing with Azura? Any help will be appreciated.

  • +1

    Hi Nick

    I’m about to sign the docs with St George that also offers $4k, should I get that first and go with this offer before June 2020?

    • Hi macrohard
      Curious on how you went on this, is it possible to get both the offers?

      St. George T&Cs states "The cashback will be paid into a St.George transaction account within 60 days of settlement. The transaction account must be linked to the home loan at the time of settlement and kept open for 60 days after settlement. Tax consequences may arise from this promotion for investors and customers should seek independent advice on any taxation matters."

      • I think it’s possible to do both. I’m still going ahead wit st geoge now (waiting for settlement) and do it again with nab in may

        • Nice… hope you get this, good luck! The timing should help in your case.

          So even existing Nab customers potentially can avail this if ok to go through the whole hassle TWICE… don’t see why not if there’s few free grands to be netted.

  • I negged this deal on a duplicate post but wont here as youve fleshed out the deal much better.

    How come theres a spread here for owner occupier from 2.99% to 3.18٪.

    Getting sub 3% on a variable rate with 6k cashback is a decent deal but ill remain on my 2.84% because refiancing is a headache

    • Hi AbsX,

      The large variance in rates in dependant on your loan amount, LVR and postcode.

      Each bank will offer discretionary pricing appropriately.

      Feel free to get in touch with any other questions



  • Is that a fixed loan with a full 100% offset account I see listed? Or only partial offset?

    • Hi Tunzafun001,

      There are competitive fixed rates available.

      Please feel free to get in touch to discuss.



      • Cool, but are the fixed rates linked to a 100% offset account?

        • Hi Tunzafun001,

          This can be linked to an offset account under the Choice Package.

          We would be able to secure you the following:

          Fixed Rate: 2.98%
          Variable Rate: TBC

          If you would like me to seek discretionary pricing with NAB I will need the following information:

          • Property Value
          • Current Loan Balance
          • Postcode

          Look forward to hearing from you soon.

          Best Regards,


  • I have a fixed rate P&I investment loan with bank of Melb @ 3.99% ending in 09/2020,
    Can I break the fixed rate and pay the break fees of around $3500 using the cashback from NAB and change to a IO loan @ fixed rate?
    Whats the best rate there?

    • Hi Kapsgup,

      This is definitely an option.

      Please get in touch to discuss.


      0422 699 383

      • Thanks Nick,
        will call you to discuss but can you just suggest why should I not choose Ubank which has a better rate?
        Do u have a office in Melbourne?

  • Are you able to match the IO fixed rate as offered by UBank which is a subsidiary of NAB anyway,
    UBank's 3yr fixed IO rate is 2.99% for investment properties?

    • Hi Kapsgup,

      Unfortunately NAB are not able to do this.


      • Thanks Nick.
        in that case why should I re-finance with NAB and not with UBank?
        What is the lowest rate that you can get with NAB? for IO loans variable or fixed, anything close to UBank's rates??

        • Hi Kapsgup,

          Personally I have not banked with UBank however a lot of the work we are currently doing is refinancing people away from UBank.

          If you would like me to seek discretionary pricing with NAB I will need the following information:

          Property Value
          Current Loan Balance

          Look forward to hearing from you soon.

          Best Regards,


  • +1

    Why is this deal not getting the same traction as the St George deal?

    • Hi Hunter14,

      Unfortunately I don't have an answer for you there.

      Within the OzBargains community it may have got more traction however on a national scale NAB would be doing more business.



  • How are you able to advertise the interest rates when you do not have a comparison rate?

    • Hi Ohimemizu, these interest rates are a guide only and official comparison rates are based on a loan amount of $125K over a 25 year term. As the offer applies to lending over $250K these comparison rates do not apply. If anyone would like accurate comparison rates based on their specific lending please let us know. Best Regards, Nick

  • +2

    Lack of communication from OP. wasted my time

  • Hi Nick. Do you have any similar deals with Commonwealth?