NAB cuts home loan rate

Share

Share

NAB today announced it will decrease its standard variable home loan interest rate by 0.25% p.a., effective from Friday 30 May 2025, following the Reserve Bank of Australia’s decision to reduce the official cash rate.

NAB Group Executive for Personal Banking, Ana Marinkovic, said: “We’re pleased to announce that the variable rate on NAB home loans is decreasing. This provides some relief for those customers still dealing with cost of living challenges.”

NAB does not automatically reduce repayments which gives customers the choice of paying down their home loan sooner. Customers who would like to reduce their repayments to their new minimum can request changes in the NAB app.

“More than 95% of NAB customers opted to keep their repayments at the same level when rates last decreased, choosing to pay down their home loan quicker and save more in the long term,” Ms Marinkovic said.

A customer with a 30-year mortgage of $550,000 would save $83,000 in interest over the life of the loan and pay it off two years earlier if they kept repayments the same following a 0.25% reduction in rates.

Notes:

  • Since 2017, NAB has consistently implemented changes (if any) to its standard variable home loan rates 10 days following a cash rate announcement from the RBA. This is NAB’s approach regardless of whether rates are increasing or decreasing
  • Customers can visit nab.com.au to calculate how much they could save on their home loan following this interest rate reduction.

Property

SEE ALL TOPICS

Media Enquiries

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

Find out more about NAB home loans

We’re here to make home loans simpler and easier with our popular tools, special offers and helpful calculators.

Related Articles

  • Interest Rates

NAB reduces interest rates on business loans

Australia’s largest business bank, NAB, will reduce interest rates on eligible business lending products by 0.25% p.a. following the Reserve Bank of Australia’s decision to lower the cash rate by 0.25%.

  • 13.08.2025
  • Time to read 1 min read
  • Interest Rates

NAB cuts home loan interest rates

NAB today announced it will reduce its standard variable home loan interest rate by 0.25% p.a., effective from Monday 25 August 2025.

  • 12.08.2025
  • Time to read 1 min read
  • Property

Home buyer window wide open this winter season

Twelve months ago, many buyers were holding back due to higher rates. Fast-forward to today: two rate cuts behind us, and NAB expecting another two this year, many home buyers, especially first-home buyers, see this as a window of opportunity before the market heats up further.

  • 29.07.2025
  • Time to read 2 min read

Quick links

Property Insights

Buying or selling? Get ahead with property value estimates, insights and property reports.