the adviser logo

Major bank offers fee waiver for first year mortgages

by Reporter5 minute read
Major bank offers fee waiver for first year mortgages

A big four bank has announced that brokers will be able to offer customers a $395 fee waiver for the first year of a new mortgage, as part of a new initiative.

NAB has said that brokers will be able to continue to offer their customers $1,500 cash back on NAB home loan products (available for applications submitted by 28 Feb 2017), and as part of a new initiative, will also be able to offer a $395 fee waiver for the first year of a NAB Choice Package.

To continue reading the rest of this article, create a free account
Already have an account? Sign in

For a limited time, NAB customers who apply for an eligible NAB Home Loan (of $250,000 or more) and Banking Bundle could be eligible for a $1,500 cash back offer. This offer is available on the following products:

  • NAB Base Variable Rate Home Loan
  • NAB Tailored Home Loan
  • NAB Interest Only in Advance
  • NAB Choice Package.

The fee waiver is only available to customers for the first year of a new NAB Choice Package. The fee waiver offer is available immediately.


Speaking of the offer, NAB general manager of broker distribution, Steve Kane, said: “Last year, we made our retail home loan products available to brokers, and we’re kicking off 2017 with great offers to further enhance the broker-customer experience.

Through these enhancements, we are empowering brokers with a compelling offer for their customers,” Mr Kane said.

“We look forward to launching more initiatives throughout the year, to help brokers grow their business and build strong relationships with their customers.”

Mr Kane concluded: “NAB absolutely supports brokers and their customers, and these offers reflect our commitment to the broker channel.”

The major bank said that it will also provide a "strengthened" offer for small business, which will be launched in the near future.

[Related: Brokers write $5bn more for major bank]

Major bank offers fee waiver for first year mortgages
nab office min
TheAdviser logo
nab office min


You need to be a member to post comments. Register for free today


matt comyn cba speaking ta bzhun1

CBA CEO acknowledges brokers following mortgage growth

The Commonwealth Bank of Australia (CBA) has released its results for the financial year ended 30 June 2022 and...

wif awards 2021 crowd ta giiu3m

Submissions open for Women in Finance Awards 2022

Hosted by Momentum Media, the Women in Finance Awards is returning for its sixth consecutive year to recognise the...

Cameron Poolman ta

OnDeck confirms origination surge following buyout

In early February, OnDeck Australia’s (OnDeck) executives and investors collectively purchased 80 per cent of the...

Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more