Target Market
NAB Home Equity Line of Credit (HELOC) is a flexible and cost effective overdraft solution for customers seeking a line of credit (LOC) product.
Acceptable Income
PAYG SELF EMPLOYED.
Home Loan Loan Term
Reviewed Yearly.
Home Loan Loan Size
Minimum amount $20K
,
No Maximum.
Let a Ratesonline accredited home loan consultant help you with this NAB home loan
Home Loan Repayment Type
Principal & Interest & Interest Only.
Repayment Options
Interest Only Monthly.
Extra Repayments
Let a Ratesonline accredited home loan consultant help you with this NAB home loan
Split Loan Facility
Yes maximum of 2 splits for the same property with just 1 Application Fee.
Offset
Redraw Facility
Yes any time over the phone, online or at any of our ATM up to the facility limit.
LVR for Line of Credit Home Loan - NAB - Home Equity LOC
Owner Occupier Maximum LVR 90%
,
Investment Maximum LVR 90%
,
Construction Maximum LVR 90%
,
Refinance Maximum LVR 90% higher LVR refer to Lender
,
Land Maximum LVR 90%
,
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% (LOC Max LVR 80%)
,
2 & 3 Star Brokers - Max LVR 90%
,
0 & 1 Star Brokers - Not able to submit new business.
Let a Ratesonline accredited home loan consultant help you with this NAB home loan
Fees for Line of Credit Home Loan - NAB - Home Equity LOC
Application Fee $600 - Split - Personal & Investment at no cost
,
Loan Admin Fee $15 pm
,
Valuation Fee N/A
,
Free Transaction Per Month Unlimited ATM, EFTPOS, Cheque
,
Telephone & Internet Banking
,
Account Keeping Fee N/A
,
Legal Fees N/A
,
Settlement Processing Fee N/A
,
Increase Fee $600
,
Early Exit Fee if loan repaid in full within 4 years $900