NAB · fixed rates · November 2026
NAB fixed rates6.81% for 2 years
15 of 21 lenders are cheaper. Newcastle Permanent’s 6.49% is $128 a month less on $600,000.
NAB’s rates for a home you live in with a 20% deposit, checked 10 November 2026. Investing? The 2-year investor rate is 6.89%; interest-only isn’t listed here.
Ask who beats 6.81% on your loanWho beats 6.81%?ArthrOpens a chat with your question filled in; nothing is sent until you press send. The broker is 1st Street Pty Ltd, Credit Representative 490057 under Australian Credit Licence 389328.
- 1-year fixed
- 6.79%15 of 21 cheaper
- 2-year fixed
- 6.81%15 of 21 cheaper
- 3-year fixed
- 6.92%16 of 20 cheaper
- 5-year fixed
- 6.94%5 of 21 cheaper
The Reserve Bank lifted the cash rate 0.25 points to 4.85% on 3 November. NAB had not changed its fixed rates when we priced them on 10 November 2026. It is lifting variable rates by 0.25 points from 13 November (NAB’s announcement).
Which one are you?
The same rates, read for the four reasons people look them up.
Your NAB fixed term is ending
When it ends the loan rolls onto a variable rate unless you re-fix. NAB’s rate for a new 2-year fix is 6.81%, and Newcastle Permanent is at 6.49%. Ask NAB what it will re-fix you at and compare it with that. There’s no break cost once the term has ended.
You’re buying an investment property
NAB’s 2-year investor rate is 6.89% with a 20% deposit, principal and interest; 11 of 22 lenders are cheaper. Interest-only rates aren’t on this page. Every investor rate.
Your deposit is under 20%
With a 10% deposit the 2-year is 6.91%, and 8 of 19 lenders are cheaper. Lenders mortgage insurance, a one-off cost that protects the lender, usually applies below 20%, though some lenders waive it for doctors, lawyers and other professions.
You’re buying and settling soon
The rate you get is the one on settlement day unless you lock it. Locking the rate holds it for 90 days and costs 0.15% of the approved limit. How the NAB rate lock works.
Every rate, for a home you live in
By deposit and term, principal and interest. The small number is where NAB ranks on that rate: #1 is the cheapest, and lenders on the same rate share a place.
| Deposit | 1 yr | 2 yr | 3 yr | 5 yr |
|---|---|---|---|---|
| 40% deposit (60% LVR) | 6.79% #19 | 6.81% #19 | 6.92% #18 | 6.94% #7 |
| 30% deposit (70% LVR) | 6.79% #19 | 6.81% #19 | 6.92% #18 | 6.94% #7 |
| 20% deposit (80% LVR) | 6.79% #16 | 6.81% #16 | 6.92% #17 | 6.94% #6 |
| 10% deposit (90% LVR) | 6.89% #7 | 6.91% #9 | 7.02% #10 | 7.04% #5 |
| 5% deposit (95% LVR) | 6.89% #6 | 6.91% #4 | 7.02% #6 | 7.04% #4 |
The underlined row, a 20% deposit, is the one the figures at the top use.
Every rate, for an investment property
The same table for investment loans, principal and interest. Investor rates are usually higher, though not on every row.
| Deposit | 1 yr | 2 yr | 3 yr | 5 yr |
|---|---|---|---|---|
| 40% deposit (60% LVR) | 6.84% #10 | 6.89% #15 | 6.97% #15 | 6.99% #6 |
| 30% deposit (70% LVR) | 6.84% #10 | 6.89% #14 | 6.97% #15 | 6.99% #6 |
| 20% deposit (80% LVR) | 6.84% #10 | 6.89% #12 | 6.97% #15 | 6.99% #6 |
| 10% deposit (90% LVR) | 6.94% #6 | 6.99% #6 | 7.07% #6 | 7.09% #3 |
| 5% deposit (95% LVR) | — | — | — | — |
Ranks are among the lenders that price each investor rate, so the count can differ from the owner-occupier table.
What the rate costs, and what the lock costs
On a $600,000 loan over 30 years, NAB’s 2-year rate is $3,916 a month, against $3,788 at the cheapest lender: a gap of $128 a month, or about $3,072 over the 2-year fix. What that comes to at your balance is on the repayments pages, and how NAB’s variable rates compare is on the rate monitor.
The rate above is the rate on the day the loan settles unless you lock it. NAB’s Rate Lock is 0.15% of the approved limit, holding the rate for 90 days; $900 on this loan. Against it, a quarter-point rise before settlement costs about $3,000 over a 2-year term. Detail and the lender’s own wording on the NAB rate lock page.
Leaving before the term ends means a break cost. How NAB quotes it, and the discharge form when you go, is on the NAB discharge page.
Other lenders
Fixed-rate pages for the lenders people search by name.
Questions
What are NAB's fixed home loan rates right now?
For an owner-occupier at 80% LVR paying principal and interest, as at 10 November 2026: 1-year 6.79% (15 of 21 cheaper), 2-year 6.81% (15 of 21 cheaper), 3-year 6.92% (16 of 20 cheaper), 5-year 6.94% (5 of 21 cheaper). Not comparison rates. The tables on this page have every deposit size and the investor rates.
Is NAB's fixed rate competitive?
On the 2-year term NAB is 6.81%, against a middle rate of 6.74% and a cheapest of 6.49% from Newcastle Permanent; 15 of the 21 lenders we track are cheaper. On a $600,000 loan over 30 years the gap to the cheapest is $128 a month. More than half the lenders we track are cheaper on this term.
How much is the NAB rate lock fee?
0.15% of the approved limit, holding the rate for 90 days. On a $600,000 loan that is $900. The rate on the day NAB receives the completed agreement from every borrower, held for up to 90 days. Full detail on the NAB rate lock page.
Which NAB fixed term is cheapest?
The 1-year, at 6.79% with a 20% deposit. NAB's terms run 1-year 6.79%, 2-year 6.81%, 3-year 6.92%, 5-year 6.94%.
What does it cost to break a NAB fixed rate?
There is no set figure. NAB calls it "economic cost" and works it out on the day from the move in wholesale rates since you fixed. To get a quote: call 13 22 65 or your banker. The quote is good for seven days. Detail on the NAB discharge page.
Checked 10 November 2026, and again each month and after each RBA decision, from the dated lender rate tables 1st Street’s brokers price loans from. Rates for principal-and-interest loans, priced at a $650,000 loan; the monthly figures use $600,000. Not comparison rates, and the rate you are offered depends on your loan and NAB’s assessment.
Fixing with NAB?
A broker at 1st Street can tell you which lender beats 6.81% at your deposit and loan size, and what to ask NAB before you re-fix.
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