The standard variable NAB home loan interest rate will increase by 0.50% p.a, effective from Friday 16 September 2022. NAB’s savings and term deposit rates are continually under review.
NAB Group Executive for Personal Banking Rachel Slade encouraged anyone with questions or concerns about interest rate changes to contact their bank.
“An early conversation with your bank is so important to staying on track financially,” Ms Slade said.
“When customers speak to our NAB Assist team early, we see that 90% of our customers are back on their feet within 90 days.”
The NAB Assist team can offer tailored solutions to customers including:
- Payment breaks
- Reduction in payments
- Referrals to financial and mental health counsellors.
The bank has made more than 20 increases on savings products since 1 May. For the latest rates, click here.
To view NAB’s current home loan rates please click here.
