Now NAB has reduced various fixed, investment, interest-only and package home loans by up to 15 basis points. The lowest rate among the affected loans is 1.89%, belonging to the Choice Package Tailored Fixed loan for two years, paying principal and interest.
Another NAB loan cut to the sub 2% mark is the Tailored Fixed loan for two years (P&I), with an advertised rate of 1.99% (4.20% comparison rate).
These cuts by NAB follow a plethora of recent rate cuts, many of which were made to two-year fixed loans. Recently Homestar Finance cut out the competition, offering the lowest two-year fixed interest rate in history at just 1.74%, with its variable rate also the lowest at 1.79%: