Using a National Bank home loan to get the things you want is an easy and very cost-effective option. Your home loan interest rate is lower than many other forms of finance such as hire purchase or credit cards. There are two options:
- Topping up your home loan
- A flexible home loan.
Topping up your home loan
You may be able to top up your home loan to borrow for a major purchase. A top-up is essentially a new loan, so it doesn’t have to be the same type of loan as your existing one. Your top-up can be a floating interest rate, fixed interest rate or flexible home loan – or any combination. Thoroughbred Fixed Interest Rate Home Loans cannot be topped up during the fixed interest rate period, but if you need additional funds you can apply for a new loan at the interest rates applying at that time.
If you’d like to find out more about a home loan top-up, contact us, we may be able to complete it over the phone. Our lending criteria and an application fee apply.
Flexible home loan
With a flexible home loan you can redraw up to your loan limit at any time, for any purpose. It’s easy and convenient to access the money when you need it – a flexible home loan works like a current account and a home loan in one.
More information on flexible home loans.
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The content on our site is for information only. You should obtain professional advice relevant to your circumstances. Our lending criteria, terms, conditions and fees apply to all loans. Contact us for more details.