Changes to NAB home loan rates 6 December

National Australia Bank

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.

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