Basic Home Loans - NAB - Base Variable Rate <$250K

This loan is suitable for
PAYG SELF EMPLOYED

Home Loan Loan Term
Maximum loan term 30 Years

Home Loan Loan Size
Minimum amount $20K
No Maximum

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Home Loan Repayment Type
Variable & Interest Only
Principal & Interest
Interest calculated daily upon drawdown on outstanding balance.
Interest Only available for both investors and Owner Occupiers maximum term of 5 years

Repayment Options
Repayment frequency - weekly, fortnightly or monthly

Extra Repayments
Additional repayments permitted. An Early Payout Fee is payable if the loan is fully repaid within 4 years from the settlement date.

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Split Loan Facility
Yes

Offset
Not available

Redraw Facility
Yes - redraw on surplus funds where repayments to the loan are running ahead of the prescribed schedule (minimum $2,000).

LVR for Basic Home Loans - NAB - Base Variable Rate <$250K

Owner Occupier Maximum LVR 95%
Refinance Maximum LVR 95% higher LVR refer to Lender
Investment Maximum LVR 95%
Construction Maximum LVR 95%
Land Maximum LVR 95%
Debt Consolidation Maximum LVR 90%
Effective 1st May 2009, Broker Star Rating determines Max LVRs applicable for new customers:
4 Star Brokers - Max LVR 95%
2 & 3 Star Brokers - Max LVR 90%
0 & 1 Star Brokers - Not able to submit new business.

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Fees for Basic Home Loans - NAB - Base Variable Rate <$250K

Application Fee $600
Settlement Processing Fee N/A
Valuation Fee N/A
Account Keeping Fee Nil
Legal Fees N/A
Increase fee $600
Early payout: No fees applicable.
Early Exit Fee if loan repaid in full within 4 years $900