Understanding home loan rates and fees
When it comes to taking out a home loan, it can help to compare costs and fees to make sure you’re choosing a loan that suits your needs. You can use the tables below as a guide to help you weigh up your options and estimate the cost of your repayments.
Live-in principal and interest (P&I) rates
This fixed or variable rate is for when you’re living in the property and choose to pay both the loan principal and the interest.
Live-in interest only (IO) rates
This fixed or variable rate is for when you’re living in the property but only want to pay the interest on the loan. This means the loan balance doesn’t reduce when the repayments are interest only.
Investment principal and interest (P&I) rates
This fixed or variable rate is for when you’re not living in the property (for example, you’re renting the property out) and want to pay both the loan principal and the interest.
Investment interest only (IO) rates
This fixed or variable rate is for when you’re not living in the property (for example, renting the property out) and only want to pay off the interest.
Roll-to variable rates
This rate is also known as a revert rate. It is a variable interest rate that fixed rate loans and interest only loans roll to at the end of the fixed term or an interest-only period.
NRMA Home Loan fees
In addition to your home loan repayments, lenders can also charge upfront, annual or ongoing fees, or discharge fees if you end the loan. It can be worthwhile to compare these to help ensure you’re getting the right loan for your circumstances.
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NRMA Home Loan
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Industry standard
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Application fee
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$0
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Up to $600
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Monthly fee
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$0
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Up to $15
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Annual fee
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$0
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Up to $395
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Offset account fee
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$10 / month (optional)
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Typically included in the annual fee (up to $395)
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Redraw fee
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$0 for online redraws ($50 for assisted redraws)
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Up to $50 per redraw
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Valuation fee
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Varies
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Varies
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Loan processing fee
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$150
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Varies
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Settlement fee
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$345.40
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Up to $650
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Exit / discharge fee
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$325
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Up to $700
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Home loan calculators
Simple and easy to use, our home loan calculators can help you estimate repayments, how much you can borrow, and what you could save if you refinance. But remember, the results are just a guide to help get you started on your journey.
Borrowing calculator
Enter your income and expenses to get an estimate of how much you could borrow.
Refinance calculator
Find out if you could save money by switching to an NRMA Home Loan.
Repayments calculator
Check what your minimum home loan repayments could be.
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 this page.
Important information about comparison rate: The comparison rate displayed is calculated for a home 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.
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.