Home Loans
NBS Residential
Redraw Loan
The fixed rate home loan with flexibility.
Pictured: The Campbells | NBS Nelson clients
Redraw from your fixed rate home loan at any time, for free (min. $1,000 per withdrawal*)
Our Residential Redraw product is available as a fixed rate home loan and allows you to pay additional sums of money over and above your minimum required repayments. It also offers the ability to ‘redraw’ all or some of these additional sums should you need them.
NBS Residential Redraw benefits
- Repay your home loan faster by paying over and above your minimum required amount.
- Pay less interest: the more you pay in and the less you withdraw, the lower your interest charges.
- Redraw funds for those unexpected bills or big-ticket items.
- Potential to take a break from scheduled payments.
NBS Residential Redraw features
- Choose monthly, fortnightly or weekly repayments.
- Make additional lump sum repayments or regularly pay more than your minimum required repayment. (eg, with surplus income or regular bonus payments).
- Minimum of $1,000 per withdrawal.
- *Maximum of two withdrawals per month.
- Maximum term is 30 years.
Talk to one of our qualified lending specialists today to find out if the NBS Residential Redraw home loan is right for you.
Rates and fees
| NBS Home Loan rates | |
|---|---|
| 6 months fixed | 5.09% p.a. |
| 1 year fixed | 4.59% p.a. |
| 2 year fixed | 4.59% p.a. |
| Variable* | 6.49% p.a. |
| NBS Flexi Loan variable interest rate | 6.99% p.a. |
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Interest rates are current as of 3 December 2025 and subject to change at any time without notice. NBS lending criteria and specific terms and conditions apply. Margins, discounts and fees may apply. For new loans or refixes, rate may be subject to change prior to drawdown. NBS home loan rates are available for residential owner-occupied or investment property loans only. * Effective rate for new clients 3 December 2025. Effective rate for existing clients from 19 January 2026. |
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| NBS Residential Term, NBS Residential Redraw and NBS Interest Only fees | |
|---|---|
| Loan establishment fee | From $450.00 |
| Loan additional funds | $250.00 |
| Interest rate review | $50.00 |
| Discharge mortgage fee | $50.00 |
| Default interest rate | 4.00% p.a. above annual interest rate |
| Default administration fee | $45.00 per event |
| Insurance arrears payment fee | $25.00 |
| Rates arrears payment fee | $25.00 |
| Motor vehicle security variation or security swap fee | $30.00 |
| Duplicate statement fee | $5.00 |
| Early repayment recovery amount (ERRA) | Price on application |
| Early repayment administration cost | $45.00 |
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Fees are subject to change. |
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NBS General Terms and Conditions, general lending terms and criteria, and fees apply. Interest rates are subject to change
at any time without notice.