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NAB launches low-fee home loan

by Staff Reporter6 minute read
The Adviser

National Australia Bank (NAB) yesterday became the first of the big banks to offer an exit fee-free home loan.

The Clear Banking Home Loan, which takes NAB’s standard variable interest rate, has no monthly service fees and no early exit or bank discharge fees.

The only applicable cost is a $600 application fee.

The loan is available on loans from $80,000, with a maximum LVR of 95 per cent.

Published: 22-07-08

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