Home Loans
Flexi Loan
Your home loan and transactional banking in one easy to manage account.
You can draw funds up to your credit limit and repay funds at any time, giving you flexibility.
How a Flexi Loan works
A maximum credit limit is applied to your NBS Flexi Loan (based on NBS Lending Criteria) that you can repay, redraw or reduce at a pace that suits your needs.
All borrowings are at NBS’ current variable home loan interest rate and calculated daily (debited monthly). With a variable rate the interest charged on your Flexi Loan can go up or down, depending on market changes.
You also have the flexibility to increase repayments whenever you like, or to make lump sum payments.
Rates & Fees
| NBS Home Loan Rates | |
|---|---|
| 6 Months Fixed | 7.09% p.a. |
| 1 Year Fixed | 6.69% p.a. |
| 2 Year Fixed | 6.19% p.a. |
| Variable | 8.75% p.a. |
| NBS Flexi Loan - Interest rates start from | 8.75% p.a. |
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Interest rates are current and subject to change. This variable interest rate is effective for new lending facilities from 4 September 2024. For lending facilities with the variable interest rate drawn prior to 4 September 2024, your new rate will become effective from 17 October 2024. |
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| NBS Flexi Loan Fees | |
|---|---|
| EFTPOS Withdrawal | $0.50 |
| Other Bank ATM Transaction Fee | $1.50 |
| Manual Transactions: Include staff assisted branch transactions and Internet assisted transactions | $0.50 |
| Loan Establishment Fee | From $450.00 |
| Loan Additional Funds | $250.00 |
| Discharge Mortgage Fee | $50.00 |
| Default Interest Rate | 4.00%p.a. above annual interest rate |
| Default Administration Fee | $45.00 per event |
| Dishonour Fee | $30.00 |
| Insurance Arrears Payment Fee | $25.00 |
| Rates Arrears Payment Fee | $25.00 |
| Motor Vehicle Security Variation/Security Swap Fee | $30.00 |
| Duplicate Statement Fee | $5.00 |
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Fees are subject to change.
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Terms and Conditions
NBS’ current Loan Agreement Specific Terms and General Lending Terms are available free of charge from any NBS branch. NBS lending criteria and the above terms apply.