National Australia Bank Limited
Reply Paid 9992
MELBOURNE VIC 3000
Hi
Changes to your home loan
From Tuesday 26 April 2014, there’ll be three changes to your NAB Homeplus Home Loan with account number
What’s changing?
While there will be no change to your current interest rate, the composition of how your interest rate is calculated has changed:
1. Indicator rate name – The name of your variable indicator rate will change to NAB Homeplus Variable Interest Only Rate for Home Loans. The indicator rate is the base rate we use to calculate the interest rate on your loan and can be found at nab.com.au/broker at any time.
2. Interest Only Margin – An interest only margin will not apply to your loan.
3. Product Margin discount – We’ve increased your product margin discount to offset the interest only margin introduced.
The table on the reverse of this letter gives a detailed breakdown of the current and new interest calculations.
Keeping you informed
We’ll send you and every borrower a letter for aach loan you have with us that is impacted by this change, to ensure your records are up to date.
Any questions?
We’re here to help. Just get in touch with your broker, or call us on 13 22 65.