ANZ Interests Rates Announcement 01-Jul-10
National Bank interest rates announcement 23-Mar-09
National Bank increases its longer term fixed interest rates effective Tuesday 24 March 2009. National Bank's 3 year fixed rate increases to 6.15% pa (from 5.99% pa), 4 year fixed increases to 6.55% pa (from 6.40% pa) and 5 years fixed increases to 6.75% pa (from 6.50% pa). The new interest rate for National Bank's Flexible Loan will come in to effect on 30 March 2009 for both new and existing National Bank customers.
National Bank Thoroughbred home loan interest rates
| Variable |
Term |
Old Rate | Change | New Rate |
|---|---|---|---|---|
| Thoroughbred Variable |
n/a |
6.45% pa |
no change | 6.45% pa |
| Thoroughbred Flexible (Revolving Credit) | n/a | 7.20% pa | -0.60% | 6.60% pa |
| Fixed |
Term |
Old Rate |
Change |
New Rate |
| 6 months |
5.79% pa |
no change |
5.79% pa |
|
| 1 year |
5.79% pa | no change |
5.79% pa |
|
| Special | 18 months | 5.79% pa |
no change |
5.79% pa |
| 2 years | 5.95% pa | no change |
5.95% pa |
|
| 3 years | 5.99% pa | +0.16% |
6.15% pa |
|
| 4 years | 6.40% pa | +0.15% |
6.55% pa |
|
| 5 years | 6.50% pa | +0.25% |
6.75% pa |
For borrowing over 80% of a property’s value, a Low Equity Premium on a graduated scale will apply and a Registered Valuer's report will be required. Eligibility criteria and a Low Documentation fee apply to home loan applications without income verification. The above interest rates do not apply to Low Doc lending.
The National Bank’s lending criteria apply. All loan applications are subject to applicable fees. This information is current as at the date shown above and is subject to change.
Have you seen these other resources?
Guide to getting the best from your National Bank home loan
Getting the best out of your National Bank home loan is easy when you know how. Get the ins-and-outs on fixed and floating rate loans, revolving credit and how to increase your repayments (for free) to save you money in the long run. You will find National Bank's fees and charges for home lending and their tolerances for lump sum and early repayments on fixed interest rate loans. It's all here.
How to use your revolving credit effectively
Follow these useful tips to get the best out of your revolving credit mortgage and reduce the interest paid on your home loan.
