The following updates for Product NBH are effective 23 August 2021. We are pleased to introduce our NEW Full Doc home loan product - NBH Rate Saver. Designed to make your home loan more affordable, NBH Rate Saver features competitive interest rates with $0 monthly fee, and is available to Supreme PAYG and Self-employed borrowers. Key product features include:
Variable rate from 2.29%p.a.* (comparison rate 2.32%p.a.#) up to 70%LVR and $1.5m
Variable rate from 2.49%p.a.[2] (comparison rate 2.52%p.a.#) up to 80%LVR and $1.5m
$0 Account Fee
100% Overtime & Shift Allowances (Essential Services)
We have more exciting news to share - effective from 23rd August 2021 - the following changes have been made to the NBH Full Doc products: NBH Supreme Full Doc
Reduced interest rate from 2.39%p.a.[3] (comparison rate 2.62%p.a.#) up to 70%LVR and $1.5m
Reduced interest rate from 2.59%p.a.[4] (comparison rate 2.82%p.a.#) up to 80%LVR and $1.5m
Max. LVR increased to 95% (LMI applies)
NBH Secondary Full Doc
Maximum loan amount increased to $2m
High Density Apartment Unit interest rate loading removed
For more information, please contact your VCMM BDM or send your scenarios to scenario@vcmm.com.au.
*Available for new NBH Rate Saver loans ≤70%LVR. [2] Available for new NBH Rate Saver loans ≤80%LVR. [3] Available for new NBH Supreme Full Doc loans ≤70%LVR. [4] Available for new NBH Supreme Full Doc loans ≤80%LVR. An additional 0.3% p.a. loading is applicable for Investment loans. An additional 0.3% p.a. loading is applicable for Interest Only loans. An additional 0.5% p.a. loading is applicable for loans >$1.5m. Fees, charges and Terms and Conditions apply. #The comparison rate is based on a secured loan of $150,000 and a term of 25 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.