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NRMA Basic Home Loan

For customers looking for a simple, no frills home loan with low upfront fees and no ongoing fees.

Home loansBank updated 9 Oct 2026
Product page ↗Fees and pricing ↗

At a glance

Variable (owner occ. P&I)
6.19%6.23% comparison
Variable (investor P&I)
6.57%
Fixed
1 yr 6.59%, 2 yrs 6.59%, 3 yrs 6.69%, 4 yrs 6.79%, 5 yrs 6.79%
Max LVR
80%
Features
redraw, extra repayments

How it compares

This home loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This home loan: 6.33%Every other institution's lowest, 103 in all

Owner occupier, principal & interest, 80% LVR. One dot per institution, at its lowest variable home loan rate anyone can apply for; hover or tap a dot for its name.

RateThis home loanBest anywhereTypical institutionWhere it sits
Variable home loanOwner occupier, principal & interest, 80% LVR6.33%5.93%SCCU's BROKER HOME LOAN6.38%of 104 institutions38th lowest of 104
1-year fixed home loanOwner occupier, principal & interest, 80% LVR6.59%5.99%Northern Inland Credit Union Ltd.'s Value Home Loan - Fixed 12M6.59%of 82 institutions37th lowest of 82, level with 5 others
2-year fixed home loanOwner occupier, principal & interest, 80% LVR6.59%6.09%BankVic's Fixed Rate Home Loan - 2 years6.62%of 84 institutions36th lowest of 84, level with 6 others
3-year fixed home loanOwner occupier, principal & interest, 80% LVR6.69%6.24%Credit Union SA's 3-Year Fixed 40 Year Home Loan Package6.69%of 80 institutions37th lowest of 80, level with 5 others
5-year fixed home loanOwner occupier, principal & interest, 80% LVR6.79%6.49%AMB Bank Product's 5 Year Fixed Rate Home Loan6.89%of 63 institutions20th lowest of 63, level with 8 others
Investor variable home loanInvestment, principal & interest, 80% LVR6.69%5.94%AAA Financial Corporation's Portfolio Loan6.59%of 104 institutions65th lowest of 104, level with one other

Rates

Every rate NRMA Insurance publishes for this home loan, 36 in all.

Variable and fixed, at 80% LVR

Owner occupier, principal and interest, the lowest rate for each

  1. Variabletypical 6.38%6.33%
  2. 1 yr fixedtypical 6.59%6.59%
  3. 2 yrs fixedtypical 6.62%6.59%
  4. 3 yrs fixedtypical 6.69%6.69%
  5. 4 yrs fixed6.79%
  6. 5 yrs fixedtypical 6.89%6.79%
This home loanTypical lender's best

Variable rate by LVR

Owner occupier, principal and interest, the lowest rate published for each band of the loan's share of the property's value

  1. ≤50%6.19%
  2. 50–60%6.19%
  3. 60–70%6.28%
  4. 70–80%6.33%
Variable rate for the band
TypeApplies toTermBandRateComparisonConditions
FixedInvestment, Interest only1 yr fixed≤80% LVR6.84%6.75%-
FixedInvestment, Interest only2 yrs fixed≤80% LVR6.84%6.76%-
FixedInvestment, Interest only3 yrs fixed≤80% LVR6.94%6.80%-
FixedInvestment, Interest only4 yrs fixed≤80% LVR7.04%6.86%-
FixedInvestment, Interest only5 yrs fixed≤80% LVR7.04%6.88%-
FixedInvestment, P&I1 yr fixed≤80% LVR6.74%6.74%-
FixedInvestment, P&I2 yrs fixed≤80% LVR6.74%6.74%-
FixedInvestment, P&I3 yrs fixed≤80% LVR6.84%6.77%-
FixedInvestment, P&I4 yrs fixed≤80% LVR6.94%6.82%-
FixedInvestment, P&I5 yrs fixed≤80% LVR6.94%6.84%-
FixedOwner occupied, Interest only1 yr fixed≤80% LVR7.09%6.45%-
FixedOwner occupied, Interest only2 yrs fixed≤80% LVR7.09%6.52%-
FixedOwner occupied, Interest only3 yrs fixed≤80% LVR7.19%6.61%-
FixedOwner occupied, Interest only4 yrs fixed≤80% LVR7.29%6.72%-
FixedOwner occupied, Interest only5 yrs fixed≤80% LVR7.29%6.78%-
FixedOwner occupied, P&I1 yr fixed≤80% LVR6.59%6.40%-
FixedOwner occupied, P&I2 yrs fixed≤80% LVR6.59%6.42%-
FixedOwner occupied, P&I3 yrs fixed≤80% LVR6.69%6.47%-
FixedOwner occupied, P&I4 yrs fixed≤80% LVR6.79%6.54%-
FixedOwner occupied, P&I5 yrs fixed≤80% LVR6.79%6.57%-
VariableInvestment, Interest only-≤50% LVR6.92%6.76%-
VariableInvestment, Interest only-50–60% LVR6.94%6.78%-
VariableInvestment, Interest only-60–70% LVR6.99%6.83%-
VariableInvestment, Interest only-70–80% LVR7.04%6.88%-
VariableInvestment, P&I-≤50% LVR6.57%6.61%-
VariableInvestment, P&I-50–60% LVR6.59%6.63%-
VariableInvestment, P&I-60–70% LVR6.64%6.68%-
VariableInvestment, P&I-70–80% LVR6.69%6.73%-
VariableOwner occupied, Interest only-≤50% LVR7.27%6.70%-
VariableOwner occupied, Interest only-50–60% LVR7.29%6.70%-
VariableOwner occupied, Interest only-60–70% LVR7.34%6.78%-
VariableOwner occupied, Interest only-70–80% LVR7.39%6.83%-
VariableOwner occupied, P&I-≤50% LVR6.19%6.23%-
VariableOwner occupied, P&I-50–60% LVR6.19%6.23%-
VariableOwner occupied, P&I-60–70% LVR6.28%6.32%-
VariableOwner occupied, P&I-70–80% LVR6.33%6.37%-

Rate changes

36 changes logged, newest first.

DateRateWasNowChange
9 Oct 2026Variable, Investment, Interest only, ≤50% LVR6.67%6.92%up 0.25
9 Oct 2026Variable, Investment, Interest only, 50–60% LVR6.69%6.94%up 0.25
9 Oct 2026Variable, Investment, Interest only, 60–70% LVR6.74%6.99%up 0.25
9 Oct 2026Variable, Investment, Interest only, 70–80% LVR6.79%7.04%up 0.25
9 Oct 2026Variable, Investment, P&I, ≤50% LVR6.32%6.57%up 0.25
9 Oct 2026Variable, Investment, P&I, 50–60% LVR6.34%6.59%up 0.25
9 Oct 2026Variable, Investment, P&I, 60–70% LVR6.39%6.64%up 0.25
9 Oct 2026Variable, Investment, P&I, 70–80% LVR6.44%6.69%up 0.25
9 Oct 2026Variable, Owner occupied, Interest only, ≤50% LVR7.02%7.27%up 0.25
9 Oct 2026Variable, Owner occupied, Interest only, 50–60% LVR7.04%7.29%up 0.25
9 Oct 2026Variable, Owner occupied, Interest only, 60–70% LVR7.09%7.34%up 0.25
9 Oct 2026Variable, Owner occupied, Interest only, 70–80% LVR7.14%7.39%up 0.25
9 Oct 2026Variable, Owner occupied, P&I, ≤50% LVR5.94%6.19%up 0.25
9 Oct 2026Variable, Owner occupied, P&I, 50–60% LVR5.94%6.19%up 0.25
9 Oct 2026Variable, Owner occupied, P&I, 60–70% LVR6.03%6.28%up 0.25
9 Oct 2026Variable, Owner occupied, P&I, 70–80% LVR6.08%6.33%up 0.25
5 Oct 2026Fixed, Investment, Interest only, 1 yr fixed, ≤80% LVR6.74%6.84%up 0.10
5 Oct 2026Fixed, Investment, Interest only, 2 yrs fixed, ≤80% LVR6.79%6.84%up 0.05
5 Oct 2026Fixed, Investment, Interest only, 3 yrs fixed, ≤80% LVR6.74%6.94%up 0.20
5 Oct 2026Fixed, Investment, Interest only, 4 yrs fixed, ≤80% LVR6.79%7.04%up 0.25
5 Oct 2026Fixed, Investment, Interest only, 5 yrs fixed, ≤80% LVR6.79%7.04%up 0.25
5 Oct 2026Fixed, Investment, P&I, 1 yr fixed, ≤80% LVR6.64%6.74%up 0.10
5 Oct 2026Fixed, Investment, P&I, 2 yrs fixed, ≤80% LVR6.69%6.74%up 0.05
5 Oct 2026Fixed, Investment, P&I, 3 yrs fixed, ≤80% LVR6.64%6.84%up 0.20
5 Oct 2026Fixed, Investment, P&I, 4 yrs fixed, ≤80% LVR6.69%6.94%up 0.25
5 Oct 2026Fixed, Investment, P&I, 5 yrs fixed, ≤80% LVR6.69%6.94%up 0.25
5 Oct 2026Fixed, Owner occupied, Interest only, 1 yr fixed, ≤80% LVR6.99%7.09%up 0.10
5 Oct 2026Fixed, Owner occupied, Interest only, 2 yrs fixed, ≤80% LVR7.04%7.09%up 0.05
5 Oct 2026Fixed, Owner occupied, Interest only, 3 yrs fixed, ≤80% LVR6.99%7.19%up 0.20
5 Oct 2026Fixed, Owner occupied, Interest only, 4 yrs fixed, ≤80% LVR7.04%7.29%up 0.25
5 Oct 2026Fixed, Owner occupied, Interest only, 5 yrs fixed, ≤80% LVR7.04%7.29%up 0.25
5 Oct 2026Fixed, Owner occupied, P&I, 1 yr fixed, ≤80% LVR6.49%6.59%up 0.10
5 Oct 2026Fixed, Owner occupied, P&I, 2 yrs fixed, ≤80% LVR6.54%6.59%up 0.05
5 Oct 2026Fixed, Owner occupied, P&I, 3 yrs fixed, ≤80% LVR6.49%6.69%up 0.20
5 Oct 2026Fixed, Owner occupied, P&I, 4 yrs fixed, ≤80% LVR6.54%6.79%up 0.25
5 Oct 2026Fixed, Owner occupied, P&I, 5 yrs fixed, ≤80% LVR6.54%6.79%up 0.25

Each change is logged the night it appears in the rates NRMA Home Loans publishes. See how every lender answered the RBA on the rate tracker.

Fees

13 fees published, grouped by when they're charged.

  1. When you take it outUp to $345.404 fees, each listed below
  2. While you hold itNo feeMonthly Service Fee
  3. When you close it or pay it off$350Discharge Administration Fee

When you take it out4

  • Application Fee
    No fee
  • Establishment Fee
    $150
  • Security Processing Fee
    No fee
  • Settlement Service Fee
    $345.40

While you hold it1

  • Monthly Service Fee

    This fee is charged to cover the regular administration and servicing required for your loan

    No fee

When particular things happen6

  • Bank Cheque Fee
    $10
  • Default Fee
    $35
  • Duplicate Fee
    $16.50
  • Manual Redraw Fee

    Payable each time we agree to a redraw request you make otherwise than through Bendigo e-banking

    No fee
  • Online Redraw Fee

    Charged when completing a redraw online

    No fee
  • Variation Fee
    $250

When you close it or pay it off1

  • Discharge Administration Fee
    $350

Other fees1

  • Break Cost Fee

    Payable each time any of the following Break Events occur during a Fixed Rate Period: • at your request, we agree to change the Annual Percentage Rate under your Contract; • you repay your Loan Accou…

    From $0

Features

RedrawExtra repayments
  • Monthly repayments only

Eligibility and limits

  • Minimum age 18
  • Amount from $50,000, no maximum
  • Maximum LVR 80%
  • Credit and Lending Criteria, Fees and Charges Apply

Published by NRMA Home Loans under the Consumer Data Right, last changed by them on 9 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.