How Do NAB’s Investment Property Loans Compare?
NAB helps property investors expand their portfolios by providing extensive support and access to their numerous investment loan packages.
One of the Big Four banks, NAB provides great incentives. Our brokers have listed some pros and cons of securing a loan with this lender:
| Pros | Cons |
|---|---|
| Great cashback offers | Tough credit scoring |
| Extensive network | Interest rates and fees for small loans not always competitive |
| Upfront bank valuations | Approval largely depends on the experience of the credit manager you have been assigned |
| Interest rates negotiable for large loans | Strict lending policy for self-employed borrowers |
| Accepts applications for National Disability Insurance Scheme (NDIS) | High annual fee for Choice Package |
| Loose borrowing capacity assessment | Slow turnaround of loan application process |
Click here to get started on your investment loan application with NAB.
What Fixed-Rate Investment Loans Does NAB Offer?
Signing up for a fixed-rate investment loan can protect you from rising interest rates. NAB provides fixed-rate loans for between one and five years.
The two packages NAB has on offer for fixed-rate investment property loans are:
1) NAB Choice Package: provides a wide range of discounts and extra benefits. The features included in this package are:
- Discount rates
- Pay an annual fee of $395 and save on home loan application fees and monthly service fees
- $0 annual credit card fee
- Up to 10% off on selected insurance products
*NAB offers the Choice Package with other options, too, such as Interest-Only in Arrears and Interest-Only in Advance.
2) NAB Tailored Home Loan: Features included in this package are:
- Offset account available
- You can use as a construction loan
- Flexible repayment options
- Redraw facility available
- Make additional repayments
*NAB also offers the Tailored Home Loan with other options, such as Interest Only in Arrears and Interest Only in Advance.
What Variable-Rate Investment Loans Does NAB Offer?
NAB’s variable-rate loans offer great flexibility and more features, such as options that allow you to pay off your mortgage sooner.
NAB’s variable-rate investment loans are offered in three packages:
1) NAB Base Variable-Rate Investment Home Loan:
- No monthly service fees
- Additional repayments available with no fees
- Redraw facility available
- Flexible repayments
2) NAB Choice Package:
- $0 annual credit card fee
- Pay an annual fee of $395 and save on home loan application fees and monthly service fees
- Up to 10% off on selected insurance products
*Choice Package is also available with an Interest-Only option.
3) NAB Tailored Home Loan:
- Offset account available
- Use as a construction loan
- Flexible repayment options
- Redraw facility available
- Additional repayments available
Read more about NAB home loans in our review of the lender as a whole, here.
Looking To Kickstart Your Investment Portfolio?
To learn more about investment loans, or to find out if NAB is the right lender for you, contact our specialist mortgage brokers at 1300 889 743 or fill in our online assessment form and we will contact you.
