Eligibility Requirements:
- Must be 18 years or older.
- Meet NAB’s standard credit assessment criteria.
- Deposit of at least 5% (20% for select fixed-rate offers).
- Proof of income, ID, and Australian residency or valid visa.
NAB Home Loan Application Steps:
- Estimate your borrowing power using NAB calculators.
- Apply online or book an appointment with a home loan expert.
- Submit documents (ID, income, property details).
- Receive pre-approval for confidence while house-hunting.
- Finalize approval and access your funds.
Frequently Asked Questions
How long does it take to get approved for a NAB Home Loan?
Many applicants receive pre-approval within minutes when applying online.
Is it required to explain why credit is being used?
Yes since this is a home loan, you’ll need to provide property details.
Do I need to have a good credit score to be approved for NAB?
A solid credit score increases approval chances, but NAB reviews each case individually.
Can I apply for a loan if I am self-employed?
Yes, NAB accepts self-employed applicants with additional supporting documents.