NAB Owner Occupied Home Loans - from 2.29% Variable, 1.99% 1-Year Fixed, and $2,000 Bank Cashback


Plus $2,000 NAB cashback for refinances (>$250k, <80%LVR)
As of 27 October 2021, NAB has confirmed that they are reducing their Base Variable Rate Special Offer to 2.29% pa (2.33% comp), on mortgages up to 80%. Effective for new loan applications from 27 October 2021. However, fixed rates are increasing so please speak to our team to see how that may affect you and what other offers are available.

NAB Offerings:

Owner Occupied P&I:

NAB Base Variable Rate Special Offer with no annual fee

  • 2.29% (CPR 2.33%) up to 80% LVR
  • 2.99% (CPR 3.03%) up to 90% LVR

NAB Fixed Rates for Choice Package with $395 annual fee

  • 1.99% (CPR 4.15%) P&I owner occupied fixed 1yr
  • 2.09% (CPR 4.00%) P&I owner occupied fixed 2yrs
  • 2.28% (CPR 3.91%) P&I owner occupied fixed 3yrs

NAB Fixed Rates for Choice Package with $395 annual fee

  • 2.49% (CPR 5.00%) P&I investment fixed 1yr
  • 2.64% (CPR 4.59%) P&I investment fixed 3yrs
  • 3.09% (CPR 4.56%) P&I investment fixed 4yrs

  • 2.69% (CPR 5.12%) IO investment fixed 1yr

  • 2.89% (CPR 4.73%) IO investment fixed 3yrs
  • 3.29% (CPR 4.67%) IO investment fixed 4yrs

Up to $1,000 Loan Base Broker Cashback Offer

  • Additional Broker Cashback available on any refinance or purchase loan applications submitted through Loan Base until 30 November 2021.

Whilst these offers are very compelling, they will not suit everyone and not everyone will qualify for them - please therefore contact us to confirm the best deals you could qualify for from our panel of over 50 lenders before applying


You can apply through directly through the lender, or through an accredited broker, of which we have several across our team of specialists.

Our team is here to help, and will work to ensure we obtain the best pricing and offers possible for you. You can lodge an enquiry via our award winning tech platform here -, or contact one of our brokers directly with their details below.

Leo Gonzales, Email: [email protected], Calendar link:
Eric Cheng, Email: [email protected], Calendar link:

Loan Base Pty Ltd (ABN 95 162 141 915) · Australian Credit Licence Number 508 308
Head Office: Level 1, 1-5 Link Road, Zetland, NSW, 2017. Phone: 1300 512 377.

Related Stores

National Australia Bank Group (NAB)
National Australia Bank Group (NAB)
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  • Why would someone take up NAB, if they could get $1K more in cashback with ING & Westpac/St. George?

    • +1

      Large bank is not actually bad for first time home loan applicant as they provide guided approach.
      Whereas brokers, especially one that cut some slack out of own commission, expect you to do all the paperwork.

      They also tend to waive service fees like on-site valuation & obtain a copy title document etc.

    • Add MyState to that list and slightly lower comp rate.

    • Add Bank of Melbourne too. I have got 3K cash back, 1.89% fixed rate for 2 years (Owner occupied). They automatically open an offset account linked to your home loan which offset your saving from the loan amount. I ended up saving $150 per month

      • Mate, do you mean offset account for a fixed loan?

        • Yes, offset account for a fixed loan. I was with Nab previously which only offer offset account for CPR

          • @mgh: Hi mgh,

            I know you’ve answered but just wanting to make sure - do you have offset for your fixed portion? Or if it’s a split loan - is the offset ac linked to variable?

            There’s no way for see online which account offset is linked to in BOM ac online. I checked with their staff re this.

            Just making sure re your comments as I thought only Bendigo bank has offset ac linked to fixed loans.

            • +1

              @dcomo: do you have offset for your fixed portion? Yes
              Or if it’s a split loan? No. Mine is 100% fixed.
              The offset account is called "Complete Freedom Offset" which my loan repayments are deducted from. You pay the fixed loan amount per fortnight or month, however, the amount of interest that you are paying for that period is calculated as: (Your home loan amount - your fund in the offset account) X interest rate which is 1.89%

              I hope this help

              • @mgh: Excellent… thanks mate, great to know.

              • @mgh: @mgh Did you refinance through broker or directly? I checked with BOM and they don’t offer full offset account on fixed mortgage.

                • @volvo: I refinance it directly. You fill out online application form on the BOM website and then they will set up an online meeting to check your eligibility and initiate your application.

                  • @mgh: Thanks @mgh. I just checked with the bank again. They said they provide only partial offset account. ie. interest on offset will be 1.29% for a mortgage with 1.99%. So it's around 0.70% difference between the home loan rate and offset rate.

                    • @volvo: I have just DM you the details of BOM refinance manager who handled my application.

      • bank of melbourne and st george are the same bank effectively

    • ING has a $500k minimum. They may already be with St George or Westpac?

  • Min loan?

    • Hi Sapiens,
      The minimum loan is $20,000. However, to be eligible for the $2,000 refinance cashback the minimum loan is $250,000

  • -1

    2k cashback and how much profit they(NAB and OP) will get ?

    • +2

      For average loan size, broker takes $5k-ish for settlement & $1k/y trailing fee (you can google the exact percentage i think)

      Have seen many old time brokers making fortune from trailing fee as oldies doesn't do refinance like never.

  • When does the cashback from NAB 2k offer end?

    • Hi funnysht,
      On 14/10/21, NAB announced the refinance cashback will be extended until further notice. They then continued to indicate that "if it is withdrawn, this will be communicated in advance."

  • +1

    Any refinance offer for loan amount of 210k (excluding BankSA)?

    • +1

      Hi abhiz,
      Generally speaking, most refinance offers involving cashback have a minimum loan amount of $250,000 or higher. If you are seeking to refinance and also considering releasing funds for renovations or a car purchase for example. This could help you get to that minimum loan amount required.

  • For variable loans what is the best interval to refinance, without affecting credit score? 18 months or 2 years?

    • Hi thsydney,
      Generally speaking, the banks don't like seeing clients hop from bank to bank too frequently. Bigger banks that have an internal scoring system may (along with other factors) flag that as a risky application. This could lead to a file being system declined or placed on hold requiring further information. However, 18 months or 2 years is a relatively safe time frame as long as there are not too many credit enquiries in between. If in doubt, speak to a broker or get a copy of your credit report.

  • Can anyone suggest a bank that has a decent 2yr fixed rate but won't be terrible with variable rate after the 2 yrs?

    • Hi arcticjuggernaut,
      Generally speaking, you should be able to renegotiate the variable rate that you will be rolling over to once the fixed rate ends. However best to speak to your banker or broker 2-3 months before the fixed period ends. Otherwise, some banks such as ANZ may allow you to get pricing approval for the variable revert rate. To better find out what other options you may be eligible for, try speaking to one of our brokers.

  • +3

    So sad that has become a place for people to advertise their business instead of real bargains…

  • What is the variable rate for investment interest only?

    • Hi leiiv,
      The advertised Base Variable investment interest only offer for NAB is currently 2.99% (2.33%) up to 80% LVR. However, there are more competitive options in the market.

  • What is the rate with offset?

  • Hi Loan Base, what is the best variable Owner Occupied rate with offset at NAB at the moment? Thanks

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