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NAB shaves up to 55 basis points off home loan rates – NEWS.com.au

NAB shaves up to 55 basis points off home loan rates

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National Australia Bank has slashed a slew of fixed home loan rates, as the COVID-19 economic downturn continues. The major banking group has cut between five and 55 basis points off a number of fixed mortgages, with some owner-occupier loans dipping below 2 per cent.
NAB’s three-year fixed rate has been shaved by 11 basis points to 1.98 per cent, while its five-year fixed owner-occupier loan shed 55 basis points to 2.24 per cent.
The rate carving puts NAB in line with some of the other majors.

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