National Bank Home Loans can be structured in a variety of different ways, depending on your particular situation and your objectives.  Taking the time to get it right could save you a lot of money.

There are more things to think about than just the interest rate.  In particular, you may want to consider your future plans and structure your home loan to best meet your needs in one, three, five or more year’s time.

• Set a goal of how much principal you want to repay in each year.
• Try to achieve a balance between repaying your loan while at the same time not over-committing yourself.

Things you’ll need to consider include:

• The term of your loan
• How much you will repay each time
• The type of loan (Fixed Interest Rate, Floating Interest Rate, Flexible, or a combination).

You can use our Home Loan calculators and our Home Loan products to try out some different scenarios.

When you’re ready, talk to us about how we can: 

• Reserve a fixed interest rate for no fee by signing a Reserved Rate Agreement. For a new loan, you can reserve a fixed rate up to 60 days before the drawdown date and for an existing loan, you can reserve a rate up to 30 days before your existing rate is due to expire.   If you cancel or change a Reserved Rate Agreement, a Non-Utilisation Recovery charge applies. This compensates the Bank for the costs it incurs in holding the fixed interest rate for you.
• Structure your loan to help you pay it off as fast as possible and save on interest costs
• Mix and match different home loan options depending on your objectives and the current interest rate environment
• Help you if you’re thinking about buying a second home or investment property.

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The content on our site is for information only. You should obtain professional advice relevant to your circumstances. Our lending criteria, terms, conditions and fees apply to all loans. Contact us for more details.