Why choose us for your home loan?
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Explore our home loan options
Variable rate home loans
With a variable rate loan, your repayments can change during the life of your loan as interest rates can change for various reasons. Sometimes you’ll pay more, and sometimes less depending on the direction of an interest rate change. Always do your research about whether a variable or fixed rate loan works best for you.
Fixed rate home loans
With a fixed rate home loan, you will know exactly what your repayments will be for a fixed period of time. We offer fixed rates for periods of 1 to 5 years. Your fixed rate will change to a variable rate at the end of the fixed term, unless you advise the bank you want to ‘re-fix’ your loan before the fixed term ends
Interest-only home loans
With an interest-only loan, you only pay the interest charged on the loan, but not the principal itself. If you only make interest only repayments, the loan balance won’t reduce over the interest only period. We offer both fixed and variable rate interest-only loans.
Our home loan features and benefits
Fast online application process
You can complete your home loan application online in around 20 minutes.
Variable or fixed rate
We offer variable rate loans, as well as fixed rate terms of up to 5 years.
Principal and interest or interest-only
Pay off the principal or go interest-only – whatever suits your needs.
100% offset account4
Get a 100% offset feature with all of our home loans, for a fee of $10 per month.
Redraw facility available
Access any extra payments you’ve made on your fixed or variable rate home loan. Only funds above the minimum monthly repayment amount will be available to redraw.
Home loans supported by a great partner
NRMA Insurance is proud to partner with Bendigo and Adelaide Bank. You can rest assured that your home loan will be conveniently backed by a valued and trusted name in the industry.
Applying for an NRMA Home Loan
Here's what our online home loan application process looks like.
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Get ready
Gather all your required information together, including your ID, and documents for proof of income and expenses.
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Apply online
As you go through your application, you may have your property valued, your personal details verified, a credit check completed and validation of your income and expenses in real time. Our experts are on hand to review anything that can't be confirmed digitally.
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Sign and save
If approved, your loan documents will be auto-generated and emailed to you, generally within minutes. Simply sign and return to complete the process.
Do I qualify for an NRMA Home Loan?
Here's what you need to get started with an online home loan.
- The property must be located in a capital city or major regional centre (Victorian properties are not eligible)
- You must be an Australian citizen or permanent resident
- You must have at least a 10% deposit, and be able to cover stamp duty and all other government charges
- The application can be just for you or include a second applicant
- You must be able to provide a form of ID for yourself (and the second applicant if applicable)
- The security must be an established home (not land, or off the plan).
Home loan calculators and tools
Borrowing Calculator
Find out how much you could borrow to get started on your online home loan journey.
Refinance Calculator
Find out how much you could save by switching to an NRMA Home Loan.
Repayments Calculator
Find out how much you could save by switching to an NRMA Home Loan.
Home loan FAQs
Our home loans are designed to be easy to apply for online, and you can make your ongoing repayments online as well (if you choose not to have an offset feature. However, there may be some instances where we need to call you regarding your application.
Completing an online application takes 20 minutes to an hour, depending on the number of properties you own, complexity of your financial situation and document availability.
NRMA Insurance is proud to partner with Bendigo and Adelaide Bank. You can rest assured that your home loan is funded by a valued and trusted name in the banking industry.
For a complete list of the rates, fees, and other charges, read our rates and fees page.
A fixed rate home loan means the interest rate is locked in for a certain period (usually 1–5 years). This means you will have more certainty of what your repayments will be when compared to a variable rate loan. At the end of this period, you can either commit to another fixed rate or revert to a variable interest rate.
A variable rate home loan means the interest rate will change depending on market conditions. When interest rates change your minimum required monthly repayment will increase or decrease, depending on the direction of the rate change. For that reason, a variable rate loans will mean less repayment certainty when compared with a fixed rate loan.
The repayments for a fixed rate loan are the same during the fixed period. But it also means you pay the same interest rate, even if market rates drop.
Fixed rate home loans also usually come with less features than variable rate loans, and you may not be able to pay the loan off early without penalty.
A fixed rate NRMA Home Loan can also come with an offset feature. This lets you use your savings to lower the amount of interest you pay and reduce the overall cost of the loan.
Need help? Get support and answers to your home loan questions.
Ready to get started? Apply now or continue your NRMA Home Loan application.
Things you should know
All lending interest rates are subject to change. Rates are for new lending and may differ for existing customers. Other fees and charges may be applicable and can be found on the Rates & Fees page.
Important information about the comparison rate: The comparison rate displayed is calculated for a loan of $150,000 over 25 years. WARNING: The comparison rate displayed is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Other fees and charges may be applicable and can be found on the Rates & Fees page.
Terms and conditions, fees and charges apply. All information is subject to change without notice. Full details available on application. Lending criteria apply. Offset facility is available for all NRMA Home Loans for both fixed and variable products. Insurance Australia Limited is a member of AFCA. If you have a complaint about the home loan or offset account please refer to www.nrma.com.au/home-loans/complaints. The optional Offset Account product is available at $10/month and can only be linked to one loan at any one time. Linked offset facility must be in the name of the customer name/number. Other fees and charges may apply and can be found at the Rates & Fees page. This is general advice only and does not take into account your individual objectives, financial situation or needs (“your personal circumstances”). Before using this advice to decide whether the Offset Account product is right for you, please consider your personal circumstances and read the Offset Account Product Guide to determine if this product is right for you. The Offset Account Product Guide and Offset Account TMD are available from this website.