NAB New Home Cash Bonus Offer

We will today be announcing our New Home Cash Bonus offer available from 1 January, 2020.

This offer will be available to any eligible customer who takes out new or incremental lending of $250,000 or more, or refinances an existing home loan to NAB of $250,000 or more, and draws down that NAB home loan between Wednesday 1 January 2020 - Tuesday 30 June 2020 (offer period).

Eligible customers will receive $2,000 with the New Lending Cash Bonus and/or; $4,000 with the Refinance Cash Bonus when they draw down within the offer period.

Eligibility:

To be eligible for the NAB Home Loan Cash Bonus offer:

  • between 1 January 2020 and 30 June 2020, customers need to either:
    • drawdown a new NAB home loan by $250,000 or more, or increase the limit of an existing NAB home loan (and draw it down) by $250,000 or more (New Lending Cash Bonus), or
    • refinance an existing home loan to NAB of $250,000 or more (Refinance Cash Bonus), and
  • the primary (first named) home loan applicant must hold a NAB personal transaction account at the time the Cash Bonus is to be paid.

The New Lending Cash Bonus and the Refinance Cash Bonus are both limited to one Cash Bonus per customer.

This will add to the already great offers we have today in market including, the recently announced waiver of our $600 application fee for all new Base Variable Rate applications. When you combine this with our Base Variable Rate Special of 3.20% it's a great time to do business with NAB.

Our 2.88% 2 Year Fixed Rate First Home Buyer special remains best in market.

We've also listened to brokers and customers and have removed the $60 Progressive Drawdowns fee on all residential construction loans.

Could I please ask that you support all of this great activity by sharing these great offers in your marketing and communications with your members. And if you could please connect me in with your relative marketing and communication teams for any support they require either before Christmas or the new year that would be great.

All of the detail of our great offers and full terms and conditions will be updated shortly and can be found at https://partner.nabbroker.com.au/offers