Can NAB home loans be used if I’m building my home?
Yes. Several NAB loans have a special ‘building conditions’ feature specifically suited for building or renovating. The feature allows for your loan to be progressively accessed (drawn down) as the building progresses. This is a great way to save money as you only pay interest on the funds as you use them. This feature is available on the NAB Base Variable Rate Home Loan, NAB Introductory Rate Home Loan (Variable) and NAB Tailored Home Loan (Variable). NAB FlexiPlus Mortgage, NAB Home Equity Line of Credit and NAB Portfolio Facility are also great ways to manage building or renovating as they give you a credit limit (approved loan limit), which is accessed through a transaction account. The money is available as and when you need it, and you can use as much or as little as you want, and only pay interest on what you use.
Yes. Several NAB loans have a special ‘building conditions’ feature specifically suited for building or renovating. The feature allows for your loan to be progressively accessed (drawn down) as the building progresses. This is a great way to save money as you only pay interest on the funds as you use them. This feature is available on NAB Tailored Home Loan – Variable Rate (Interest Only) with Interest only terms of 1 or 2 years and NAB Defence Force Home Loans. NAB FlexiPlus Mortgage, NAB Home Equity Line of Credit and NAB Portfolio Facility are also great ways to manage building or renovating as they give you a credit limit (approved loan limit), which is accessed through a transaction account. The money is available as and when you need it, and you can use as much or as little as you want, and only pay interest on what you use.
