Posted on
August 12, 2019
NAB has a range of home lending special offers introduced as part of their 2019 Spring Home Loan Campaign.
$2,000 Home Buying Bonus
Recieve a $2000 bonus to make your next move in the property market.Drawdown between 17 June and 31 December 2019. Also an eligible NAB transactions account is required.
Important information about the $2,000 Home Buying Bonus
To be eligible for the $2,000 Home Buying bonus, customers need to drawdown a new home loan, or increase the limit of an existing home loan by $250,000 or more. Eligible NAB Home Loan products only. Customers must hold a NAB transaction account.
$2000 Home Buying Bonus eligibility criteria
- Drawdown must occur between Monday 17 June 2019 and Tuesday 31 December 2019 inclusive ("Offer Period").
- The Home Buying Bonus is only available to new and existing customers who drawdown a new loan or increase the limit of an existing loan by $250,000 or more into an eligible NAB Home Loan product.
- Available on all NAB Home Loan products excluding refinances, lines of credit and Portfolio facilities or loans for building and construction purposes (BICOE loans).
- The offer is only available to individuals, including both owner occupiers and investors. Businesses, trusts, non-resident borrowers and other non-natural persons are ineligible for the Home Buying Bonus.
- The offer is not available on uBank or Advantedge loans.
The Home Buying Bonus is available only once per home loan application and per security. However, a customer is eligible to receive further bonuses if they drawdown additional loans on separate securities. Where there is a joint application, only the primary applicant will receive the Home Buying Bonus. However, either applicant may be eligible for additional bonuses for further loans drawn down on separate securities, subject to meeting other eligibility criteria.
NAB Transaction Account - At the time of drawdown, the primary (first named) home loan applicant must hold a personal NAB transaction account and continue holding it for at least the next 90 days.
- The nominated NAB transaction account must be open at the time the $2,000 Home Buying Bonus is to be credited to the account.
- The $2,000 Home Buying Bonus will be credited to the nominated NAB transaction account of the applicant within 90 days of drawdown of the home loan. Where there are joint applicants, the bonus will be deposited into the account of the primary (first named) applicant.
Other Important Information about the $2000 Home Buying Bonus
- The Home Buying Bonus is limited to a single $2,000 Home Buying Bonus per home loan application and per security.
- This means that:where there are joint applicants on a particular home loan application, the $2,000 Home Buying Bonus is only payable once to the primary applicant (provided all other eligibility criteria are met); and
where there is a split loan for one security, the applicant is only eligible for the $2,000 Home Buying Bonus once. - During the period between 17 June 2019 and 31 December 2019, an individual may only be eligible for either the $2,000 Refinance Bonus or the $2,000 Home Buying Bonus offer if drawing down the same security.
- A customer may receive the Home Buying Bonus multiple times if they draw down on further loans for different properties/securities during the Offer Period, provided all other eligibility criteria are met.
$2000 Refinance Bonus from NAB
Given the current competitive home loan marketplace NAB's giving the opportunity to receive a $2,000 bonus when you refinance your home to an eligible NAB home loan.
Important information about the $2000 NAB Home Loan Refinance Offer
To be eligible for the $2,000 NAB Home Loan Refinance Offer, customers need to be refinancing an existing loan of $250,000 or more and hold a NAB transaction account. also need to meet the following eligibility criteria:
$2000 NAB Home Loan Refinance Offer eligibility criteria
- Drawdown must occur between 15 April 2019 and 31 December 2019 inclusive ("Offer Period").
- Offer is only available to new and existing customers who are refinancing an existing loan from another financial institution of $250,000 or more into an eligible NAB Home Loan product. Offer is not available for new purchases.
- Available on all NAB Home Loan products excluding lines of credit and Portfolio facilities or loans for building and construction purposes (BICOE loans).
- Not available for refinances of existing NAB, uBank or Advantedge home loans.
Not available for refinances into a uBank or Advantedge home loan. - Offer is only available to individuals, including both owner-occupiers and investors. Businesses, trusts, non-resident borrowers and other non-natural persons are ineligible for the Offer.
- Limited to one bonus per customer. This means that a customer who has already received the $2,000 Refinance Offer once during the Offer Period is ineligible to receive a further bonus, regardless of the number of loans they refinance. In the case of joint applicants, if one of the applicants has received the offer in the * * Offer Period for a different loan, both applicants will be ineligible to receive a further bonus.
