Nab rates

Hi Everyone,

I know this has been discussed multiple times.

But i would like thhe most recent ratrs you are seeing. Especially from the brokers on this forum.

Trying to negotiate a p&i oo rate with nab. Currently they wont budge from 3.84%, im sure others on here were able to get better rates. What shoild i be able to achieve these days.

Any feedback is appreciated. Doesnt have to be speciifc to nab either.

Cheers

 

That's pretty good for a big 4. Is rate the only consideration?

If your LVR is low, you can get around 3.66 with offset and no fees with a proper bank, or even less with an online lender.

 

3.84% is fairly competitive.

Depends on a number of things, including loan amount, Loan to Value Ratio.

May need to consider a basic product with no offset, no fees and charges to have a lower rate.

Do you need an offset account? We find the savings from offset account (money wise and long term planning) far outweigh the higher rate.

 

Thanks Jess,

Rate is the only consideration at the moment because im not in a position to refinance currently.

I was just asking because some friends and relatives are getting a lower rate with nab apparently but i was trying to confirm.

 

Ye i have offset. Lvr 70%. Large loan amount as i have multiple loans with nab.

 

Have you considered fixing part of the loan?

 

Yes some fixed, some IO investments, some p&I investment, etc

 

Why?

 

Believe it or not Bank of China is one of the cheapest. Citi has a basic loan under 3.6%, depends on your needs.

Most of the big 4 are offering cash backs. CBA from memory is under 3.8% with a cash back.

These are off the top of my head.

Cheers Ivan