NAB offers $1000 cash back to homeowners

That's if they switch their mortgage to NAB.

Homeowners will get $1000 back in their pocket by re-financing their home loan with National Australia Bank.

NAB launched the ‘More Give Mortgages’ offer to coincide with the busy Spring period for real estate.

As part of the ‘More Give Mortgages’ offer, customers who refinance their home loan with NAB will also save up to 15% on NAB’s Mortgage Protect insurance.

Group Executive, Personal Banking Gavin Slater said the offer was great value for customers who wanted a better deal than what they were getting with their existing mortgage provider.

He said NAB had led the industry in providing fairer and simpler banking for customers.

For the past four years, no other major bank has beaten NAB’s standard variable rate, saving customers up to $2170 compared to the SVR of the other major banks.

NAB’s standard variable rate is 5.88%p.a. as of today.

“Customers can be sure they’ll get a great home loan and a fairer deal with NAB,” Mr Slater said.

“As well as the $1000 cash back and our low standard variable rate, we’re waiving the $600 application fee and NAB customers don’t get charged monthly account fees on our most popular transaction account. NAB is continuing to provide great value for customers.”

The $1000 cash back offer is for customers who refinance a mortgage with NAB between 12 August and 30 September. The money can go into any NAB transaction account the customer nominates. For full terms and conditions, visit nab.com.au