Redraw from your fixed rate home loan at anytime.
NBS Residential Redraw is a home loan product that gives you access to additional principal repayments you have made on your loan above the scheduled minimum. Additional repayments can be in the form of lump sum deposits or by making higher recurring repayments than the minimum. These additional repayments can help to reduce the balance of your home loan and the interest you pay on it.
While the redraw feature is designed for infrequent use, it can be handy for those times you face an unexpected bill, or you need access to money for a big ticket item. The amount of available funds will reduce as your loan progresses towards maturity.
(*min $1,000 per withdrawal, 2 withdrawals per month)
|NBS Home Loan Rates|
|1 Year Fixed||3.20% p.a.|
|2 Year Fixed||3.24% p.a.|
|NBS Flexi Loan - Interest rates start from||4.95% p.a.|
Interest rates are subject to change.
|NBS Residential Term, Residential Redraw, NBS Interest Only|
|Loan Establishment Fee||From $400.00|
|Interest Rate Review||From $150.00|
|Discharge Mortgage Fee||$130.00|
|Default Interest Rate||4.00% p.a. above annual interest rate|
|Default Administration Fee||$100.00|
|Insurance Arrears Payment Fee||$15.00|
|Rates Arrears Payment Fee||$25.00|
|Motor Vehicle Security Variation/Security Swap Fee||$30.00|
|Duplicate Statement Fee||$15.00|
|Early Repayment Adjustment||$500.00 (minimum charge)|
|Early Repayment Administration Cost||$100.00|
Fees are subject to change.