Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

NAB announces home loan fee waiver

nab    nab
Malavika Santhebennur 4 minute read

A major bank has issued an update about fee removals and waivers across some of its home loan products for new applicants.

NAB has announced it will be waiving the application fee on some of its home loan applications, effective from 1 November.

In an update for brokers, the big four bank said it will be waiving the application fee on new base variable home loan applications, and removing the progressive drawdown fee for building and construction (BICOE) home loans.

The $600 application fee will be waived on all new NAB base variable rate home loan applications lodged from 1 November. This includes refinances and limit increases for existing borrowers. The fee waiver will only apply to new lending.

Advertisement
Advertisement

The offer is available in addition to the refinance or home buying bonus offer, subject to the customer meeting the respective terms and conditions for these offers. To be eligible for the offer, an application must be submitted during the period that the offer is available and then approved, and drawn down within the time period set out in the applicant’s loan offer.

The fee waiver is not available on applications submitted before 1 November.

NAB said it may vary or end this offer at any time without notice.

The bank has also announced it is no longer charging customers the $60 fee for residential building and construction home loan progressive drawdowns.

“Please submit your applications as usual and we’ll remove the fee during processing,” the update said.  

PROMOTED CONTENT


NAB announces home loan fee waiver
nab
TheAdviser logo

Are you a new-to-industry broker in the process of growing your business? Then there’s some great news: The Adviser’s New Broker Academy is back in 2021 and will provide you with essential insights into cutting-edge tools, strategies and processes to fast-track to success. Don’t miss your chance to attend. To secure your FREE place, visit newbroker.com.au now!

nab
Malavika Santhebennur

Malavika Santhebennur

Malavika Santhebennur is the features editor on the mortgages titles at Momentum Media.

Before joining the team in 2019, Malavika held roles with Money Management and Benchmark Media. She has been writing about financial services for the past six years.

 

more from the adviser
Susan mitchell MC Mortgage Choice-Smartline leadership changes announced

The REA Group has confirmed changes to the Mortgage Choice-Sm...

woman broker documents ta Governments extend COVID support to NSW, Vic

The state and federal governments have offered support packages t...

Suncorp new broker portal ta Suncorp launches new broker portal

The non-major bank has released a new broker platform as it conti...