Application fee 

• Owner occupied - up to $500
• For all other lending - up to 1% of the loan amount

Top-ups

• Application fee - $250

Low Equity Premium - LEP (for lending over 85% of a property's value)

Low Equity Premium is charged by The National Bank to cover the increased risk associated with lending above 80% of the property's value and the costs incurred as a result of such lending.

  Loan to value ratio                   LEP % of the loan amount

• 85.01 - 90.00%                                0.50%
• 90.01 - 100.00%                              1.25%

For example, if you borrow $200,000 and this is 86% of the total property value, then the Low Equity Premium would be $1,000 (0.50% of $200,000).  This is a one-off fee and the amount may be added to your home loan.  To find out the percentage of the home loan you have against the total property value, use our simple calculator.

Non-Utilisation Recovery charge

• Non-Utilisation Recovery - Net Present Value Calculation 

Early repayment fees

• Administration fee - $250
  (where lump sum payment is 5% or greater)
• Administration fee -  $100
  (where lump sum payment is up to 5%)
• Early repayment recovery - Net Present Value Calculation
  (no early repayment recovery for floating rate loan)

Flexible home loans

• Monthly account fee - $12.50
• Unarranged overdraft fee - $15.00

Tideover home loan fees  

• Application fee $500
• Extension fee $500

Security fees 

• Execution fee (some transactions may also incur a consent fee) $100
• Consent fee (some transactions may also incur an execution fee)  $60.00
• Additional documents (per document) $10.00
• Transfer security fee $250
• Duplicate statement fee $4.00

Other

• Redocumentation fee $250
• Repayment option switch fee $100

For an explanation of any of these terms on this page you can view our Glossary.

Home loan interest rates
Other National Bank fees and charges

Our lending criteria, terms, conditions and fees apply to all loans.  This material is for information purposes only. Its content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a personalised financial adviser service under the Financial Advisers Act 2008.  It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product. If you wish to consult one of The National Bank's financial advisers, please contact us on 0800 18 18 18.