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Home loan · Variable

NRMA Basic Home Loan

Rate
Loan for
Repayments

6.37%comparison rate p.a. · 6.33% advertised

Variable · P&I · Owner-occupier · 70–80% LVR

30th of 91 variable owner-occupier P&I loans

Go to NRMA Home Loans

The same choices at every rate type

Comparison rates are based on a secured loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Offset account
No
Redraw
Yes
Extra repayments
Yes
Application fee
$150
Ongoing fee
None
Discharge fee
$350
Compare all 311 home loans

Variable · P&I · Owner-occupier · ≤50% LVR
6.23% comparison · 6.19% advertised
Variable · P&I · Owner-occupier · 50–60% LVR
6.23% comparison · 6.19% advertised
Variable · P&I · Owner-occupier · 60–70% LVR
6.32% comparison · 6.28% advertised
Variable · P&I · Owner-occupier · 70–80% LVR
6.37% comparison · 6.33% advertised
Variable · Interest Only · Owner-occupier · ≤50% LVR
6.70% comparison · 7.27% advertised
Variable · Interest Only · Owner-occupier · 50–60% LVR
6.70% comparison · 7.29% advertised
Variable · Interest Only · Owner-occupier · 60–70% LVR
6.78% comparison · 7.34% advertised
Variable · Interest Only · Owner-occupier · 70–80% LVR
6.83% comparison · 7.39% advertised
Variable · P&I · Investor · ≤50% LVR
6.61% comparison · 6.57% advertised
Variable · P&I · Investor · 50–60% LVR
6.63% comparison · 6.59% advertised
Variable · P&I · Investor · 60–70% LVR
6.68% comparison · 6.64% advertised
Variable · P&I · Investor · 70–80% LVR
6.73% comparison · 6.69% advertised
Variable · Interest Only · Investor · ≤50% LVR
6.76% comparison · 6.92% advertised
Variable · Interest Only · Investor · 50–60% LVR
6.78% comparison · 6.94% advertised
Variable · Interest Only · Investor · 60–70% LVR
6.83% comparison · 6.99% advertised
Variable · Interest Only · Investor · 70–80% LVR
6.88% comparison · 7.04% advertised
1yr Fixed · P&I · Owner-occupier · ≤80% LVR
6.40% comparison · 6.59% advertised
1yr Fixed · Interest Only · Owner-occupier · ≤80% LVR
6.45% comparison · 7.09% advertised
1yr Fixed · P&I · Investor · ≤80% LVR
6.74% comparison · 6.74% advertised
1yr Fixed · Interest Only · Investor · ≤80% LVR
6.75% comparison · 6.84% advertised
2yr Fixed · P&I · Owner-occupier · ≤80% LVR
6.42% comparison · 6.59% advertised
2yr Fixed · Interest Only · Owner-occupier · ≤80% LVR
6.52% comparison · 7.09% advertised
2yr Fixed · P&I · Investor · ≤80% LVR
6.74% comparison · 6.74% advertised
2yr Fixed · Interest Only · Investor · ≤80% LVR
6.76% comparison · 6.84% advertised
3yr Fixed · P&I · Owner-occupier · ≤80% LVR
6.47% comparison · 6.69% advertised
3yr Fixed · Interest Only · Owner-occupier · ≤80% LVR
6.61% comparison · 7.19% advertised
3yr Fixed · P&I · Investor · ≤80% LVR
6.77% comparison · 6.84% advertised
3yr Fixed · Interest Only · Investor · ≤80% LVR
6.80% comparison · 6.94% advertised
4yr Fixed · P&I · Owner-occupier · ≤80% LVR
6.54% comparison · 6.79% advertised
4yr Fixed · Interest Only · Owner-occupier · ≤80% LVR
6.72% comparison · 7.29% advertised
4yr Fixed · P&I · Investor · ≤80% LVR
6.82% comparison · 6.94% advertised
4yr Fixed · Interest Only · Investor · ≤80% LVR
6.86% comparison · 7.04% advertised
5yr Fixed · P&I · Owner-occupier · ≤80% LVR
6.57% comparison · 6.79% advertised
5yr Fixed · Interest Only · Owner-occupier · ≤80% LVR
6.78% comparison · 7.29% advertised
5yr Fixed · P&I · Investor · ≤80% LVR
6.84% comparison · 6.94% advertised
5yr Fixed · Interest Only · Investor · ≤80% LVR
6.88% comparison · 7.04% advertised

Application fee
$150
Ongoing fee
None
Discharge fee
$350
Redraw fee
None

Offset account
No
Redraw
Yes
Extra repayments
Yes
Portable
No
Repayment holiday
No

Minimum loan
$50,000

  • NRMA Basic Home Loan · Variable · P&I · Owner-occupier
  • RBA cash rate
  • Market average
5.006.00AugSepToday6.37% p.a. today
  1. NRMA Basic Home Loan36 variants up 0.14 to 0.269 days after the RBA rise to 4.60%
    Variable · P&I · Owner-occupier · ≤50% LVR5.986.23+0.25
    Variable · P&I · Owner-occupier · 50–60% LVR5.986.23+0.25
    Variable · P&I · Owner-occupier · 60–70% LVR6.076.32+0.25
    Variable · P&I · Owner-occupier · 70–80% LVR6.126.37+0.25
    Variable · Interest Only · Owner-occupier · ≤50% LVR6.446.70+0.26
    Variable · Interest Only · Owner-occupier · 50–60% LVR6.456.70+0.25
    Variable · Interest Only · Owner-occupier · 60–70% LVR6.526.78+0.26
    Variable · Interest Only · Owner-occupier · 70–80% LVR6.576.83+0.26
    Variable · P&I · Investor · ≤50% LVR6.366.61+0.25
    Variable · P&I · Investor · 50–60% LVR6.386.63+0.25
    Variable · P&I · Investor · 60–70% LVR6.436.68+0.25
    Variable · P&I · Investor · 70–80% LVR6.486.73+0.25
    Variable · Interest Only · Investor · ≤50% LVR6.516.76+0.25
    Variable · Interest Only · Investor · 50–60% LVR6.536.78+0.25
    Variable · Interest Only · Investor · 60–70% LVR6.586.83+0.25
    Variable · Interest Only · Investor · 70–80% LVR6.636.88+0.25
    1yr Fixed · P&I · Owner-occupier · ≤80% LVR6.176.40+0.23
    1yr Fixed · Interest Only · Owner-occupier · ≤80% LVR6.226.45+0.23
    1yr Fixed · P&I · Investor · ≤80% LVR6.516.74+0.23
    1yr Fixed · Interest Only · Investor · ≤80% LVR6.526.75+0.23
    2yr Fixed · P&I · Owner-occupier · ≤80% LVR6.226.42+0.20
    2yr Fixed · Interest Only · Owner-occupier · ≤80% LVR6.326.52+0.20
    2yr Fixed · P&I · Investor · ≤80% LVR6.546.74+0.20
    2yr Fixed · Interest Only · Investor · ≤80% LVR6.566.76+0.20
    3yr Fixed · P&I · Owner-occupier · ≤80% LVR6.296.47+0.18
    3yr Fixed · Interest Only · Owner-occupier · ≤80% LVR6.436.61+0.18
    3yr Fixed · P&I · Investor · ≤80% LVR6.606.77+0.17
    3yr Fixed · Interest Only · Investor · ≤80% LVR6.626.80+0.18
    4yr Fixed · P&I · Owner-occupier · ≤80% LVR6.386.54+0.16
    4yr Fixed · Interest Only · Owner-occupier · ≤80% LVR6.556.72+0.17
    4yr Fixed · P&I · Investor · ≤80% LVR6.676.82+0.15
    4yr Fixed · Interest Only · Investor · ≤80% LVR6.706.86+0.16
    5yr Fixed · P&I · Owner-occupier · ≤80% LVR6.436.57+0.14
    5yr Fixed · Interest Only · Owner-occupier · ≤80% LVR6.646.78+0.14
    5yr Fixed · P&I · Investor · ≤80% LVR6.706.84+0.14
    5yr Fixed · Interest Only · Investor · ≤80% LVR6.746.88+0.14
    +0.14 to +0.26
  2. NRMA Basic Home Loan20 variants up 0.01 to 0.115 days after the RBA rise to 4.60%
    All ≤80% LVR
    1yr Fixed · P&I · Owner-occupier6.166.17+0.01
    1yr Fixed · Interest Only · Owner-occupier6.216.22+0.01
    1yr Fixed · P&I · Investor6.506.51+0.01
    1yr Fixed · Interest Only · Investor6.516.52+0.01
    2yr Fixed · P&I · Owner-occupier6.216.22+0.01
    2yr Fixed · Interest Only · Owner-occupier6.316.32+0.01
    2yr Fixed · P&I · Investor6.536.54+0.01
    2yr Fixed · Interest Only · Investor6.556.56+0.01
    3yr Fixed · P&I · Owner-occupier6.246.29+0.05
    3yr Fixed · Interest Only · Owner-occupier6.376.43+0.06
    3yr Fixed · P&I · Investor6.546.60+0.06
    3yr Fixed · Interest Only · Investor6.566.62+0.06
    4yr Fixed · P&I · Owner-occupier6.296.38+0.09
    4yr Fixed · Interest Only · Owner-occupier6.466.55+0.09
    4yr Fixed · P&I · Investor6.576.67+0.10
    4yr Fixed · Interest Only · Investor6.606.70+0.10
    5yr Fixed · P&I · Owner-occupier6.326.43+0.11
    5yr Fixed · Interest Only · Owner-occupier6.536.64+0.11
    5yr Fixed · P&I · Investor6.596.70+0.11
    5yr Fixed · Interest Only · Investor6.636.74+0.11
    +0.01 to +0.11

Tracked since 25 September 2026. Our own corrections of a misread figure aren't shown.

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

Also from NRMA Home Loans: NRMA Offset Home Loan 6.53%

As of 15 October 2026, the NRMA Home Loans NRMA Basic Home Loan's variable owner-occupier P&I variant has a comparison rate of 6.37% (6.33% advertised), ranking 30th of 91 variable owner-occupier P&I loans and sitting 0.17 points below the market average of 6.54%. The product comes in 36 variants; the others are investor, interest-only, fixed-rate and other LVR bands. Its rate last moved on 9 October 2026, 9 days after the RBA rise to 4.60%. From the provider's Consumer Data Right feed, refreshed nightly.