Changes to NAB home loan rates



The standard variable NAB home loan interest rate will increase by 0.25% p.a., effective from 16 December 2022.

NAB’s savings and term deposit rates are continually under review – for the latest rate changes, click here. The market for savings is particularly dynamic and, as a result, NAB has made more than 45 increases across its savings products since 1 May.

In November, NAB increased rates on several savings products. NAB’s iSaver intro rate increased by 0.50% p.a, while Term Deposit rates increased by up to 0.50% p.a.

NAB Group Executive for Personal Banking Rachel Slade said:

“It’s important for anyone finding the increasing interest rates a challenge to lean on their bank for support.

“At NAB, we have a dedicated team who listen to each customer’s individual situation and are able to offer tailored solutions – whether that be a reduced payment arrangement, payment break or restructuring their loan.

“Regardless of who you bank with, I encourage people to speak to their bank early if they are concerned. The results speak for themselves.  When a customer gets in touch with NAB Assist at the early stages of their concerns about their finances, we’re able to get more than 90% back on their feet within 90 days.”

Customers can manage their home loan or make adjustments to their repayments online, through the NAB app or by speaking to a home loan specialist by calling 13 78 79.

To view NAB’s current home loan rates please click here.



Media Enquiries

For all media enquiries, please contact the NAB Media Line on 03 7035 5015

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