NAB Home Loan Rates

NAB home loan rates are designed in a way keeping in mind the customer's repayment capacity thus offering low home loans at low interest rates. National Australia Bank home loans are said to be the best available in Australia. This is because of its lowest variable interest rate it offers to its customers. The minimum home loan you can apply for is $100,000 and the maximum available is $20,00,000. The

minimum repayment tenure given by NAB home loan is 10 years and the maximum tenure is 30 years.

NAB Home Loan Interest Rates

There are different kinds of housing loans that the bank offers and so the interest rates also differs from the loan applied. There is the introductory rate home loan, fixed rate home loan, variable rate home loan and line of credit. The introductory rate home loan is available for 12 months variable rate at interest rate of 4.65% per annum. For a period of 12 months fixed rate it is available for 5.39% per annum. For a 3 year variable rate it is available for 4.94% per annum and for 3 year fixed rate it charges 6.69% per annum.

The variable rate home loan is also called the tailored home loan rate available for an interest rate of 5.74% per annum. The base variable home finance interest rate is charged at 5.53% per annum and the rate of interest for clear banking home loan is charged at 5.74% per annum. The fixed rate home loans are charged differently depending on the total number of years.
So, the fixed rate home loan rates for the first year is 5.79% per annum, for the second year it is 6.49% per annum, for the third year it is 6.99% per annum, for the fourth year it is 7.39% per annum, for the fifth year it is 7.49% per annum and for the tenth year the rate of interest on housing loan is charged at 7.99% per annum.

For more details on NAB home loan rates, home finance (interest rates or comparison rates) log on to the link given below:
http://www.nab.com.au/wps/wcm/connect ab ab/home/personal_finance/6/1?urid=1253031139687