NAB has announced changes to advertised interest rates for its base variable home loan as competition in the loans space heats up.
The rates on NAB’s base variable loan for owner-occupiers and investors paying principal and interest have fallen by 0.40 percentage points, while interest-only rates on this loan dropped by 0.60 percentage points.
For new owner-occupiers paying principal and interest, the rates have fallen from 6.84 per cent to 6.44 per cent. Interest-only loans for owner-occupiers have fallen to 7.34 per cent.
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