NAB cuts four-year fixed term home loan rate to 20 year low



NAB has cut fixed home loan interest rates for its four-year term to the lowest level in more than 20 years, giving borrowers value and certainty.

NAB today dropped its four year fixed home loan package rate by 0.20% to 5.44%p.a. and also cut its three year fixed home loan by 0.05% to 5.14%p.a.

No other major bank is beating NAB’s rate on one, two, three or four year fixed home loans.

Group Executive, Personal Banking, Gavin Slater said NAB’s market-leading rates were proof of its commitment to being competitive.

“NAB is committed to offering great value and certainty for customers through our fixed rates because we know what is good for our customers, is good for our business” he said.

“We know that now is the time people are looking to get their finances in order as they plan for the year ahead, especially those looking to buy their first home. We’re really proud of our commitment to remain competitive and continuing to offer the best products with the best deals and the best service.

“NAB has led the industry in making banking fairer and simpler for customers for more than four years through measures such as the abolition of numerous fees and offering competitive rates.

“For people looking for a fixed rate home loan, our four-year rate is the lowest it has been in more than 20 years, and we are also offering great value across the one, two and three year terms.”

Major banks’ fixed package principal and interest rate loans, current as at 20 January:


Term NAB (pa) ANZ (pa) CBA (pa) Westpac (pa)
1 year 4.79% 4.79% 4.79% 4.79%
2 year 4.89% 4.89% 4.89% 4.89%
3 year 5.14% 5.19% 5.14% 5.19%
4 year 5.44% 5.64% 5.59% 5.49%


Find out more about NAB Home Loans or call 13 84 69



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